Cryptographic markets warm up again, but it is not Bitcoin that flies the light this time. While BTC is negotiated above the $ 120,000 mark with 28% of earnings, several altcoins give a bull atmosphere.
While the majority of altcoins were in green, these 3 best stole the show: the fatty penguins (Pengu) led the charge with a leap of 26 to 27%, negotiating nearly $ 0.03, closely followed by Hedera (Hbar) with a gain of 24 to 25% at around $ 0.25. The stellar (XLM) also experienced a sharp increase of 23 to 25%, reaching approximately $ 0.49.
Here are the best winners!
Penguins Grassouchis (Pengu) Rockets of price in the middle of the media NFT & L2
Pengu was the surprise interpreter of the week, gathering almost 85% in seven days and more than 25% just today. The price reached about $ 0.0295, the daily negotiation volume exceeding $ 1.8 billion. This samecoin, supported by the basswood penguins of the NFT brand, benefits from tail winds generated by its next layer-2 chain and a wave of expansion of the ecosystem, in particular goods, toys and gossip on an ETF. Analysts call it “fueled with a detail with a long -term vision”, noting that viral community marketing and metavese integrations could propel it more.
Hedera (Hbar) Price follows the 2021 model
Hbar also has a significant impact on graphics, with an increase of 27%, now negotiating at $ 0.253. His ascent reflects the same scheme seen in 2021, according to analyst Rekt Capital, who believes that this could be a longer -term escape phase. Channel metrics are optimistic: Hedera has increased deployments of smart contracts and an increase in business interests. The negotiation volume exceeded $ 184 million, with strong support from the South Korean scholarships.
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The stellar price (XLM) rises on the upgrade of the buzz
XLM has increased by more than 22% in the last 24 hours, negotiating almost $ 0.50 with an amazing volume of $ 460 million only on Korean exchanges. The pump is attributed to the buzz around upgrade V23.0.0RC2 of Stellar Core. Interestingly, following the current feeling around the crypto week, the upgrade arouses institutional interest, signaling a renewed faith in Stellar infrastructure for stablecoins and payments. The data on the chain show a notable peak in the activity of the portfolio and exchange entries, referring to a strong wave of accumulation.
Trends on the chain and volume
On the other hand, the South Korean scholarships display record negotiation volumes for XLM ($ 460 million), Pingu ($ 355 million) and Hbar ($ 184 million) in the last 24 hours. The measures on the Hbar chain also indicate a growing activity and demand from developers, strengthening its case of escape.
Analysts say that the Altcoin season could brew
Rekt Capital pointed out that a small drop in the domination of Bitcoin has already released the rotation of serious capital in the midfield alts. If BTC is further, Altcoins could continue to work. Market observers believe that Pengu could lead Memecoins, XLM could earn more adoption via Fintech Rails, and Hbar could attract businesses looking for an evolving and ecological blockchain infrastructure.
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Faq
The cryptography market increases due to the rally of $ 120,000 in bitcoin, the rotation of capital in altcoins and the growth of demand and institutional demand.
Altcoins like Pengu, Hbar and XLM surpass Bitcoin, showing strong gains and recording trading volumes.
Many analysts believe that altcoins have room to run while Bitcoin stabilizes, but always evaluate risks before investing.
Analysts predict that Bitcoin could test $ 125,000 at $ 130,000 this month if the bullish momentum continues and that the macro-waonditions remain favorable.
