After a tough week for Bitcoin, which altcoins started the weekend with bullish signals?
The leading cryptocurrency Bitcoin experienced major declines on December 19 and 20. The volatility in the price of BTC has negatively affected the stability of altcoins. Over the past two days, altcoins have lost 30% to 45% of their value, leading to liquidations exceeding $2 billion.
However, Bitcoin managed to recover after the tough week. BTC, which has increased by around $7,000 in the last 24 hours, has caused bulls to show interest in altcoins again.
These altcoins have entered a rapid recovery process with strong buying and bullish movements. Here are the five altcoins that have gained the most recently:
Hyperliquid (HYPE)
Hyperliquid (HYPE), a layer-1 blockchain focused on improving the efficiency of decentralized finance (DeFi) applications, has become one of the most notable altcoins of the last period. HYPE has experienced a 38% increase in the last 24 hours. According to CoinGecko data, HYPE achieved a trading volume of $665 million in the last 24 hours and its market value reached $11.38 billion.
Ethena (ENA)
Known for its developments in the real world assets (RWA) space, Ethena (ENA) has become even more popular with the BlackRock partnership. ENA has become one of the prominent coins of the day, recording a 31.9% increase in the last 24 hours. It draws attention with its market value of $ 3.478 billion and trading volume of $ 1.549 billion.
Virtual Protocol (VIRTUAL)
Virtuals Protocol (VIRTUAL), which creates and trades artificial intelligence assistants, has attracted great attention, especially with the rise of artificial intelligence. Listed on Binance, VIRTUAL has increased by 26.3% in the last 24 hours. It attracts attention with a market value of $ 2.777 billion and a trading volume of $ 470 million.
Movement (MOVE)
Movement (MOVE), which stands out as a modular blockchain ecosystem, has gained significant momentum since its launch. MOVE has gained 25% in value in the last 24 hours. It has achieved a major rise with a market value of $ 2.3 billion and a trading volume of $ 2.071 billion.
On (ON)
Sui (SUI), a layer-1 blockchain that uses the Move language, has attracted attention by quickly recovering from the declines it experienced. SUI, which fell to around $3.3 the day before, rose to $4.8 during the day. It experienced a 20.8% increase in the last 24 hours and achieved a trading volume of $4.277 billion with a market value of $14.082 billion.
These altcoins have risen rapidly, taking advantage of Bitcoin’s recovery, and continue to attract the attention of investors.