While China’s economic growth has pushed Bitcoin’s price to $65,000, many altcoins have seen dramatic gains.
The cryptocurrency market had a sensational start to the week. Bitcoin (BTC), boosted by China’s announcement of economic incentives over the weekend, rose nearly 3 percent. While BTC’s gains paved the way for altcoins, names at the top of the day drew attention.
Here are five altcoins that started the week with gains and are in the showcase of the day…
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SAGA, a decentralized and proof-of-stake (pos) blockchain using Tendermint consensus, managed to top the day. The project, which primarily operates in the gaming sector, recorded an increase of 24.6 percent in the last 24 hours.
According to data from CoinGecko, SAGA recorded a transaction volume of $178 million in the last 24 hours. Saga’s market value exceeded $336 million.
Athena (ENA)
Athena (ENA), which is on the Ethereum blockchain, started to grow after it announced that it would support its stablecoin product USDe along with Solana. ENA, which is also backed by BlackRock, has risen 21 percent in the past 24 hours.
While ENA recorded a transaction of $473 million in the last 24 hours, it reached a market value of $1.115 billion.
Brett
Brett (BRETT), launched on Coinbase’s Lay-2 blockchain base, became the third-highest growing altcoin of the day. BRETT, a Pepe-type memecoin, rose 17% in the last 24 hours.
BRETT, which has a market cap of $1.133 billion, recorded $122 billion worth of transactions in the last 24 hours.
WorldCoin (WLD)
WorldCoin (WLD), which focuses on the field of artificial intelligence and was created by ChatGPT founder Sam Altman, has risen nearly 15% in the past 24 hours. WLD, which managed to gain a large audience, made its name in the list of the fastest growing altcoins of the day.
WLD, which recorded a transaction volume of $629 million in the last 24 hours, has a market value of $1.23 billion.
The Book of MEME (BOME)
BOOK OF MEME (BOME), the memecoin launched on the Solana blockchain, became the fifth-highest growing altcoin of the day. BOME, which came to life with a fundraising pre-sale on social media, made a name for itself by increasing 14% in the last 24 hours.
While BOME recorded a transaction of $884 million in the last 24 hours, it reached a market value of $629 billion.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.
