Following Bitcoin‘s stabilization after its ascent to a historic $64,000 peak, a selection of altcoins have experienced exponential growth over a 48-hour period, much to the delight of investors. Specifically, four altcoins have drawn considerable attention due to their notable price surges.
Remarkable Recovery for Solana
Solana (SOL), after a significant drop from $130 to $75, has rebounded with impressive vigor in the new year. The altcoin’s price, with a recent 5% increase in a single day, has revisited the $130 mark. Speculations about whether Solana would hit $130 or drop to $80 have been settled with its rapid climb to the former.
Amidst this uptrend, SOL’s 24-hour trading volume saw a 30% drop to $4.8 billion. Despite this, the overall volume rose by 5%, exceeding $57 billion. In the Turkish market, the SOL/TRY exchange rate hovered around 4115 TL.
DOGE’s Price Leaps Forward
DOGE, a leader among meme coins by volume, has similarly seen an uptick. The coin’s value has risen by 25% in the last 24 hours, trading at $0.1439. However, DOGE has not outpaced its meme coin peers and experienced a 25% fall in trading volume, suggesting a possible pivot of investor interest to other altcoins. Nonetheless, DOGE’s market capitalization has crossed the $20.5 billion threshold during this same time frame.
Chiliz Shows Promising Dollar Value Increase
Chiliz (CHZ), renowned for its affiliations with sports entities and large-scale organizations, has also seen positive trends. Following a bearish period, CHZ has enjoyed a 17% increase within 24 hours to $0.16, translating to about 5 TL against the Turkish Lira.
In contrast to its competitors, CHZ’s trade volume over the past day has surged by 93%, reaching $227 million, with its total volume growing by 16.5% to more than $1.4 billion. During the last bullish phase, CHZ stood out as one of the top performing altcoins, with potential upcoming partnerships poised to further its momentum.