Market Overview
The cryptocurrency market has displayed signs of recovery following a recent downturn, with several altcoins experiencing notable gains. The total market capitalization has increased by approximately $50 billion over the past 24 hours, reaching a total of $2.68 trillion. This marks a more positive trend compared to the previous week’s performance. Trading volumes have also risen by 6.12 percent, totaling $80.69 billion. Bitcoin (BTC), the largest cryptocurrency by market capitalization, is currently trading in the $85,000 range.
Top Gaining Altcoins
EOS (EOS)
EOS, a blockchain network known for providing developers with high-speed and low-cost decentralized applications, has been the leading altcoin in terms of growth. The optimism surrounding the upcoming Vaulta rebranding has positively influenced its market performance. As of the latest updates, EOS is trading at $0.80, reflecting a 19.50 percent increase in the last 24 hours.
Cronos (CRO)
The native cryptocurrency of the Cronos blockchain, CRO, has appreciated by 6.89 percent in the past 24 hours. This rise follows the announcement of a strategic partnership between Crypto.com and Trump Media Group on Monday, March 24. Currently, CRO is trading at $0.1062.
Zcash (ZEC)
The privacy-focused cryptocurrency Zcash (ZEC) is gaining traction due to recent technological advancements, including its integration with the NEAR Protocol and the introduction of FROST. In the last 24 hours, ZEC has seen a 4.47 percent increase in value, with its current trading price at $40.81.
Raydium (RAY)
Raydium (RAY), the cryptocurrency associated with the decentralized exchange protocol within the Solana ecosystem, has entered a strong upward trend. This surge is fueled by the announcement of the new LaunchLab platform and growing user interest, resulting in a 3.31 percent increase over the past 24 hours. RAY is trading at $1.83.
Bonk (BONK)
Bonk, a memecoin developed on the Solana blockchain, is distinguished by its community-driven approach. As of the latest report, BONK has increased by 2.57 percent in the last 24 hours, securing its position among the top-performing altcoins of the day and reaching a price of $0.00001227.
News
