The cryptocurrency market is recovering as the recent slump as Bitcoin just breached the $102,000 level yet again.
Following Bitcoin (BTC), many altcoins also experienced notable surges today. Here is a list of the top 5 best performers this Thursday.
The biggest gainer today is AAVE, which rose 26.25% to $365.5 in the past 24 hours and has a $2.17 billion trading volume. What’s interesting is that on the weekly chart AAVE isi up almost 45% and has a market cap of around $5.54 billion. This surge comes after the recent announcement of a major partnership between Aave and Balancer v3.
The second biggest gainer is the liquid staking platform Lido DAO. LDO’s price surged 22.3% in the past 24 hours and its trading volume reached $475 million. The altcoin’s market cap currently stands at $2.1 billion.
Chainlink (LINK) has achieved a significant price milestone, surpassing $29 for the first time in more than three years. The recent uptick is drawing attention, especially as large investors show growing interest in the asset.
Whales holding over 100K LINK have accumulated an additional 5.69 million LINK across their wallets in the past two months. Meanwhile, smaller holders with less than 100K LINK have reduced their collective holdings by 5.67 million LINK during the same period.
LINK is currently priced at $28.4 after a 17.5% jump and $15.7 billion trading volume in the past 24 hours. The coin’s market cap is $17.75 billion.
SUI also saw major gains today with its price reaching $4.67 after a 14.5% surge during the day, $4 billion in trading volume in the past 24 hours and a $13.6 billion market cap.
SUI’s price jump follows news that Backpack has successfully integrated with Sui’s blockchain.
MKR is the last coin to finish the top 5 list of today’s besst crypto performers. Maker’s native token jumped 13.6% in the past 24 hours to $2,140 with $197 million in trading volume. MKR’s cap is currently valued at $1.9 billion.
Over the weekend, the $TRUMP memecoin, which had captivated the crypto world with its meteoric rise, faced a sharp 40% dip in value on Sunday.
The launch of Donald Trump’s memecoin, TRUMP, on the Solana blockchain is generating waves across the cryptocurrency world.
Market maker Wintermute has reported a significant 240% annual increase in activity from traditional finance firms on its over-the-counter (OTC) trading desk, signaling a shift in the crypto trading landscape.
The crypto analytics platform Santiment has highlighted potential bearish signals for several altcoins, warning that increased activity on exchanges could indicate upcoming sell-offs.