While Bitcoin hovers below $42,000, altcoins continue to demonstrate strength with four of them achieving near 10% gains in the last 24 hours according to CMC data. This surge includes DOGE following an X Payment announcement, but other altcoins also made the list.
Despite Bitcoin’s $7,000 drop at the start of 2024, altcoins are on the rise. Siacoin (SC) leads the pack with significant weekly and daily gains.
Siacoin’s (SC) 14% daily surge pushed its price to $0.01262, accompanied by a staggering 281% increase in 24-hour trading volume, reaching $62 million, and a 13% rise in overall volume to $708 million.
Ronin (RON) follows, with an 11.11% increase in the last 24 hours and a weekly gain exceeding 34%, trading at $2.43. RON’s trading volume nearly doubled, indicating strong investor interest, with the total volume rising over 8% to $687 million.
Astar (ASTR) and Dogecoin (DOGE) also attracted attention with their respective 10.95% and 9.76% rises in the past 24 hours. DOGE’s price surged past $0.09 following the X Payment news but later experienced a slight pullback.