After Bitcoin broke records, the bullish cycle began after Ethereum also came to the fore. Has the altcoin bull run begun?
The bullish cycle in the crypto market continues at full speed. With Bitcoin rising above $77,000, the way for altcoins has opened. Ethereum (ETH), the pioneer of altcoins, surged nearly 5 percent in the past 24 hours to surpass $3,000. The rise in ETH has opened the door to the altcoin bull that investors have been waiting for for a long time.
After a positive week, which altcoins started the weekend on the upside?
Here are the altcoins with the most bullish appetite…
Drift Protocol (DRIFT)
The Drift Protocol (DRIFT), which is built on the Solana blockchain and offers trading opportunities in many different sectors, became the fastest growing altcoin of the day. DRIFT, listed in futures transactions by Binance, has enjoyed a strong rally in recent days. The popular altcoin gained 115% in the last 24 hours.
According to CoinGecko data, DRIFT recorded a transaction volume of $3.1 billion in the last 24 hours. The recent addition has brought DRIFT to a market value of $428 million.
PepeCoin (PEPECOIN)
Pepecoin (PEPECOIN), inspired by Matt Furie’s legendary Pepe the Frog cartoon, topped the day. PEPECOIN, which gained fame for being the first Pepe-themed memecoin and continues to grow its community day by day, has surged 63% in the past 24 hours.
PEPECOIN recorded a transaction volume of $24 million in the last 24 hours and its market value reached $646 million.
Hamster Kombat (HMSTR)
Hamster Kombat (HMSTR), which is part of the TonCoin ecosystem and launched by Telegram with a play-to-win model, has recorded remarkable growth in recent times. HMSTR was among the day’s top rising altcoins, benefiting from a positive market outlook. HMSTR increased by 40% in the last 24 hours.
HMSTR, whose market value reached $232 million, recorded a transaction of $178 million in the last 24 hours.
Chimney (KMNO)
Kamino (KMNO), a decentralized finance (DeFi) project on the Solana blockchain, surged 33% in the past 24 hours and was at the top of the day.
KMNO, which received a transaction volume of $73 million in the last 24 hours, has reached a market value of over $233 million.
Raydium (RAY)
Raydium (RAY), a decentralized exchange on the Solana blockchain, is on the rise of DeFi projects in the Ethereum ecosystem. RAY has gained about 15% in the last 24 hours.
RAY, which achieved a transaction volume of $368 million in the last 24 hours, reached a market value of more than $1.5 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.
