Here is more detailed information about each altcoin:
1. MANTRA (OM)
• Introduce:
MANTRA is a layer 1 blockchain, notable for its focus on regulatory compliance and applying blockchain technology to real world assets (RWA). This helps attract institutional investors and increase transparency in the decentralized finance (DeFi) sector.
• Current situation:
OM has dropped 6.7% in the past 24 hours, indicating selling pressure from the market. However, community attention remains high due to its long-term growth potential.
• Market capitalization: 3.361 billion USD – representing an average market cap in the altcoin market, indicating stability and significant interest from investors.
2. Hyperliquid (HYPE)
• Introduction:
Hyperliquid is a next-generation blockchain focused on high performance and fast transaction speeds. The HYPE community is expanding, with an increase in trading volume recently. This ecosystem is being seen as one of the potential competitors in the layer 1 blockchain segment.
• Current situation:
HYPE decreased by 21.5% in the past 24 hours, possibly due to profit-taking or price adjustments. However, the strong community development and blockchain infrastructure still keep HYPE in the spotlight.
• Market capitalization: 9.028 billion USD, belonging to the group of large altcoins, reflecting strong investor confidence.
3. Pudgy Penguins (PENGU)
• Introduction:
Pudgy Penguins originated from NFT culture, being a famous NFT collection. The tokenization of assets has made PENGU a favored altcoin. The appeal comes from a loyal community and the value of the project's NFTs.
• Current situation:
PENGU decreased slightly by 1% in the past 24 hours, indicating relative stability. The major momentum of the project lies in the development of the NFT market and related products.
• Market capitalization: 1.687 billion USD, although smaller compared to layer 1 blockchains, it remains quite impressive for an NFT-focused project.
4. Virtual Protocol (VIRTUAL)
• Introduction:
VIRTUAL is a prominent altcoin in the AI Agents trend, allowing users to create artificial intelligence assistants (AI Assistants). This is a promising field in 2024 as AI becomes increasingly popular.
• Current situation:
VIRTUAL increased by 5.9% in the past 24 hours, reflecting investor optimism towards the AI trend. The project is expected to drive innovation in decentralized AI applications.
• Market capitalization: 2.625 billion USD, indicating a rapidly increasing level of acceptance in the community.
5. Sui (SUI)
• Introduction:
Sui is a layer 1 blockchain using the Move language, focusing on scalability and efficiency. SUI has gained significant attraction due to its fast transaction processing and low fees, suitable for DeFi and GameFi applications.
• Current situation:
SUI decreased by 4.8% in the past 24 hours, but is still considered one of the strongest growth projects in 2024. Many investors are actively participating in this ecosystem.
• Market capitalization: 12.587 billion USD, ranking among the top altcoins by market cap, demonstrating strong market support.
If you are interested in any project or want to learn more about technical factors, real-world applications, or price analysis, I am ready to assist!
