In the relentless wave of volatility in the crypto market, some altcoins have shown strong breakthroughs while others have faced declines.
Notable Growing Altcoins
1. Bitget Token (BGB): With an impressive growth of 76.27% in the past week, Bitget Token is not only a standout name but also a focal point for investors. It’s understandable that it’s in the spotlight as BGB has achieved a trading volume of 998.3 million USD in the last 24 hours.
2. Virtuals Protocol (VIRTUAL): Crowned with a growth of 35.74%, Virtuals Protocol continues to assert its appeal in the protocol domain. With a trading volume of 305.6 million USD, this altcoin is receiving significant attention.
3. Curve DAO Token (CRV): Rising 28.27%, CRV attracts investors thanks to its famous stablecoin platform. The price of CRV is currently hitting 1.02 USD, with a trading volume of 393.2 million USD in just one day.
4. Pudgy Penguins (PENGU): As a newcomer, PENGU has increased by 27.10%, asserting its position in the NFT and DeFi communities. The trading volume is also impressive, reaching 498 million USD.
5. GateToken (GT): Surpassing a growth rate of 26.88% and reaching a value of 16.60 USD, GT continues to impress investors with a trading volume of approximately 26.9 million USD.
Altcoins Losing Momentum
1. Fantom (FTM): Leading the list of declines, FTM faced a drop of 18.87%, a significant figure despite having a relatively high trading volume of 325.3 million USD.
2. Ondo (ONDO): Decreasing by 13.01%, bringing the price of ONDO down to just 1.47 USD with a trading volume of 269.4 million USD for the day.
3. Hyperliquid (HYPE): Although it performed excellently previously, this week HYPE slid by 12.29%, causing users to question its safety after security allegations.
4. Ethena (ENA): Decreasing by 9.72%, ENA is currently trading at 0.9374 USD, a significant shock with a trading volume of 236.9 million USD.
5. Maker (MKR): Losing 6.21% in value, leaving MKR at just 1,536.36 USD. Despite the price drop, MKR still maintains significant trading volume and stable market capitalization.
Trend Analysis and Insights
In the context of the volatile crypto market, altcoins are proving their allure and potential risks. As investors hunt for opportunities, price changes in altcoins like BGB and FTM highlight the unpredictable nature of this market. The market may continue to experience volatility as global economic factors and Blockchain technology further develop.
Careful monitoring and thorough evaluation before deciding to invest in any altcoin is extremely essential during this time. Be sure to continuously update information to optimize your investment decisions in this cryptocurrency world.
