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.
Crypto markets are buzzing with momentum as several altcoins post double-digit gains and surging volumes.
Sui (SUI) surged 14% in the past 24 hours, reaching $4.26 as bullish technical patterns, Bitcoin’s rebound, and renewed ETF speculation pushed the altcoin higher.
Hedera Hashgraph (HBAR) is closely tracking its 2021 price behavior, according to crypto analyst Rekt Capital.
Stellar (XLM) is once again approaching a decisive technical moment after facing a familiar rejection at the $0.52 resistance zone.