The cryptocurrency market is displaying signs of extreme bullish sentiment, as several altcoins exhibit impressive price surges in recent weeks. With the arrival of March, even though some digital currencies saw minor pullbacks, the upward trend continues for others. This overview delves into the performance of notable altcoins that have captured market attention.
Top Altcoins Gaining Momentum
A selection of altcoins, such as Pepe Coin, Digwifhat, Portal, Ondo, and Fetch.ai, have topped the trending charts, according to Coinmarketcap data. Ethereum has notably breached the $3,500 mark, with a slight dip to $3,411.17, reflecting a minor 2% decrease. Meanwhile, Bitcoin, after reaching highs of $64,000, underwent a slight decline but secured buyers at $61,934, marking a 1.26% recovery despite a notable 40% drop in trading volume to $50 billion.
Pepe Coin’s Remarkable Recovery
Pepe Coin, one of the meme-based cryptocurrencies, has soared beyond a $1 billion market value. Following the path of Dogecoin and Shiba Inu, it competes strongly within the market. After its initial slump, Pepe Coin saw a substantial price recovery commencing on February 26, achieving an over 110% gain within a week, with its price nearing its all-time high.
What’s New with Dogwifhat?
Dogwifhat, another meme coin, created buzz after reaching its new all-time high of $1.02. The coin, themed around a Shiba Inu dog wearing a pink hat, has quickly gained popularity, partly due to public attention from figures like Arthur Hayes. Its price began climbing on February 24 and has since witnessed an impressive 217% increase, currently priced at $0.9598.
Portal’s Mixed Performance Post Airdrop
The Portal token, associated with a gaming platform intended for cross-blockchain player engagement, recently pleased its holders with news of an airdrop. Despite the positive announcement, Portal’s price fell by 14% to $2.19 after its initial trading day on Binance and other central exchanges.
Ondo and Fetch.ai Reach New Heights
Ondo token, created by Ondo Finance, aims to enhance market liquidity. It experienced price fluctuations over the week but is currently up by 20% in the last 24 hours, trading at $0.04734. Its market cap has also risen by 20%, crossing the $653 million threshold. Fetch.ai, an artificial intelligence project with its token FET, reached an all-time high of $1.82, with a recent surge of about 45%. FET is now trading at $1.8, enjoying a 17% boost in market capitalization to $1.47 billion.