A wave of momentum has pushed altcoins like Verasity (VRA), MANTRA (OM), and Pudgy Penguins (PENGU) to the forefront of the crypto market, as major cryptocurrencies such as Bitcoin, Ethereum, XRP, and Solana posted slight declines in the last 24 hours.
Within one day, Verasity’s values rose by 33.7 percent, trading at $0.003069 and showing 111.4 percent weekly growth. According to CoinGecko statistics, the token reached over $42 million in daily volume and became the most searched and top-performing asset among tokens during the last three hours.
MANTRA experienced growth of 5.0 percent, bringing its price to $0.4195. MARKET data revealed that MANTRA experienced a powerful upward momentum of 21.1 percent throughout the week, leading to a market capitalization surpassing $402 million.
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Pudgy Penguins captured market interest by jumping 10.9 percent during a single day. The current value of $0.012 for MANTRA supports a market capitalization exceeding $754 million..
Small-Cap Tokens Take the Spotlight Amid Major Crypto Weakness
In contrast, top cryptocurrencies struggled to maintain upward momentum. Bitcoin declined by 0.3 percent in 24 hours, trading around $94,396. Ethereum lost 0.8 percent and settled at $1,803. XRP posted a more notable 3.1 percent drop, falling to $2.11. Solana also dipped by 1.4 percent, trading at $144.80.
Traders are migrating their attention from established market leaders to low-cap tokens, which promise stronger short-term potential, thus distancing themselves from trending altcoins.
Verasity returned to the top of daily gainers as its price surged 34.4 percent while its transaction volumes reached $43.5 million. Data showed that Daku increased by 26.9 percent while Loopring gained 18.9 percent, demonstrating widespread strength within the selected altcoin group.
Notable cryptocurrencies posted losses, yet new projects captivated traders through swift price movements and growing networking participation. Altcoins now rule the trading platforms and generate superior gains compared to the overall market performance.
The shift in market focus marks a pivotal moment as traders flock to fast-moving altcoins. With leading assets losing ground, momentum has moved to trending lower-cap tokens, driving significant market activity.
Also Read: Major XRP Metrics Rockets in 24 Hours – Is a Major Breakout Imminent?
