The crypto market is seeing explosive moves in select altcoins over the past 24 hours.
Zircuit, Newton Protocol, and Hyperlane are leading the pack with price gains between +46% and +87%, fueled by fresh listings, technical breakouts, and AI-driven utility launches. Let’s break down what’s driving these surges—and what to watch next.
Zircuit, an Ethereum Layer 2 scaling solution, jumped over 53% after unveiling its Hyperliquid AI trading engine, built for EVM and Solana cross-chain execution. Trading volume surged 319% to $135M, with RSI nearing 76, suggesting possible short-term overheating.
Despite overbought signals, Zircuit’s integration with a $950M vault ecosystem and upcoming closed beta in late July add long-term value. A $10M developer grant program in Q4 could further fuel adoption.
Hyperlane surged nearly 47% following new KRW trading pairs on Upbit and Bithumb, sending daily volume above $1.39B—a 1,912% spike. Open interest also climbed to $186M, with most activity concentrated in South Korea.
The token has now gained over 414% in 30 days, driven by increased attention on interoperability narratives. While momentum remains strong, short-term profit-taking is likely, especially after a sharp FOMO-driven surge.
Newton Protocol exploded nearly 87% in 24 hours, breaking above a key $0.45 resistance level for the first time in a week. Daily volume soared 1,011% to $1.58B, while RSI hit 85, confirming breakout momentum but also suggesting high volatility.
Binance VIP loan incentives and unlocked airdrops helped amplify trading activity. However, its volume-to-market cap ratio sits at an aggressive 814%, increasing pullback risk if Bitcoin dominance rebounds above 61%.
Zircuit, Newton, and Hyperlane are leading today’s altcoin rotation, each backed by strong catalysts—but also flashing signs of short-term overextension. Traders should monitor Bitcoin dominance and macro market sentiment to gauge the sustainability of these explosive gains.
Traders are growing cautious, and the crypto mood is beginning to shift. Bitcoin has stalled near $115,500, and momentum is no longer as confident as it was earlier this month.
Solana developers have introduced a new proposal aimed at pushing the network’s performance even further.
French banking giant Societe Generale has entered the crypto space more directly, forming a strategic partnership with 21Shares.
Toncoin is about to get a major institutional boost. The Ton Foundation and Kingsway Capital have teamed up on a bold initiative: raise $400 million to create a crypto treasury entity focused entirely on Toncoin.