The Rise of Top 8 Altcoins in the Mini Crypto Bull Runš¤Æ
Data from Kaiko, a leading research firm, reveals that eight crypto tokens have collectively amassed an impressive $8 billion in spot trading volume since late 2023.
Kaiko's report highlights the exceptional performance of eight crypto tokens fueling the ongoing market surge: Bittensor (TAO), Dymension (DYM), Pyth Network (PYTH), Sui (SUI), Aptos (APT), Jupiter (JUP), Sei (SEI), and Celestia (TIA). Together, they generated $8 billion in net trading volume on centralized exchanges.
Insights into Selected Tokens
Bittensor (TAO):
The open-source protocol powering a decentralized machine learning network has seen a remarkable 550% price rally since November 2023, currently trading at $624, with potential to surpass $1,000.
Dymension (DYM):
Witnessing a 52% surge in price since its January launch, DYM aims to facilitate communication between various blockchain ecosystems, trading at $7.07.
Pyth Network (PYTH):
Achieving an all-time high of $0.683 on February 14, PYTH's current price is $0.549, with a market cap standing at $834 million.
Sui Network (SUI):
Surging over 360% since November, SUI, trading at $1.69, offers fast, private, secure, and accessible digital asset ownership.
Aptos (APT):
Gaining significant attention with a 120% rally since November, APT, priced at $9.38, focuses on safety and scalability, holding a market cap of $3.44 billion.
Jupiter (JUP):
Despite a slight drop, JUP, a Solana DEX, remains promising, currently trading at $0.48 with a market cap exceeding $650 million.
Sei (SEI):
Experiencing a remarkable 750% surge since November, SEI's price dropped to $0.85 from an all-time high of $1.03 on February 18, maintaining a market cap of $2.17 billion.
Celestia (TIA):
Contributing significantly to the $8 billion trading volume, TIA witnessed a remarkable 750% rally since October 31, hitting an all-time high of $20.91 on February 10.
$DYM $PYTH $TIA
