Stellar (XLM) was the light to this wide altcoin rally, gaining 11.68% in the last 24 hours. This increase pushed its price to $0.2859. The altcoin’s 24-hour trading volume topped over $719 million, and its market cap was closing in on $8.9 billion.
The Stellar network is an essential player in fostering cross-border payments and enabling decentralized finance (DeFi) applications. The 24-hour trading volume for Stellar (XLM) is barely under $100 million. Other altcoins experienced significant gains.
Lido DAO (LDO), with an increase of 11.11% in the last 24 hours. It is currently trading at $0.8006. Ranked number one in AltRank, Cronos is ranked 14th by market cap at $2.93 billion.
Dogwifhat (WIF) had a real good time, pumping over 10x. Pepe (PEPE) had the highest daily increase of any token at 10.95%. Pepe’s price today sits at $0.00001124 — the popular meme coin now sees a daily trading volume topping $1.12 billion.
Among the notable factors behind the positive outlook of the altcoin market, Bitcoin’s stability around $108,000 played a major role. When Bitcoin starts to move sideways, investors usually shift their focus to altcoins. This generates more trading activity which drives price appreciation for the altcoins.
Nguyen Thi Hanh
Cryptocurrency Writer
Nguyen Thi Hanh channels progressive, pragmatic views into high-energy, approachable crypto journalism, delivering confident, animated articles with regional and global relevance. Her optimistic, party-going spirit helps translate complex blockchain ideas into viral, visually engaging stories. Outside of writing, she enjoys urban food adventures and organizing community hackathons.
