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- Bitcoin’s (BTC) surge of over 8% in the last 24 hours has created a positive outlook for altcoins.
- Spot Bitcoin ETF data on the last trading day of the week, May 3, whetted appetites.
- Bitcoin (BTC) revived altcoins with a rise of over 8% in the last 24 hours.
Bitcoin’s recent surge has sparked a positive outlook for altcoins, with several experiencing significant growth. This article explores the top five performing altcoins in the last 24 hours.
1- Nervos Network (CKB)
The layer-1 project Nervos Network (CKB), which operates with a Proof of Work (PoW) mechanism and aims to create a proof of work blockchain, was the highest rising altcoin of the day. CKB increased by over 20% in the last 24 hours. According to data obtained from CoinMarketCap, CKB coin had a trading volume of $90.3 million in the last 24 hours and currently has a market value of $832 million.
2- dogwifhat (WIF)
Popular memecoin dogwifhat (WIF), which is part of the Solana ecosystem, was one of the standout altcoins of the day. WIF, which has attracted attention with its community, increased by 19.88% in the last 24 hours. According to data obtained from CoinMarketCap, WIF coin had a trading volume of $557 million in the last 24 hours and currently has a market value of $3.31 billion.
3- Floki (FLOKI)
Another standout memecoin of the day, similar to Solana’s dogwifhat (WIF), was Floki (FLOKI). FLOKI, one of the most popular memecoins, hosted a 16.32% increase in the last 24 hours. According to data obtained from CoinMarketCap, FLOKI had a trading volume of $294 million in the last 24 hours and currently has a market value of $1.84 billion.
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4- Stacks (STX)
Stacks (STX), which focuses on the Bitcoin ecosystem and enables the creation of smart contracts on the Bitcoin network, was the fourth highest rising altcoin of the day. STX increased by 16.85% in the last 24 hours. According to data obtained from CoinMarketCap, STX coin had a trading volume of $252 million in the last 24 hours and currently has a market value of $252335 million.
5- Dogecoin (DOGE)
Dogecoin (DOGE), known as the king of memecoins and a name that once dominated the crypto market, was the fifth highest rising altcoin of the day. The leading memecoin increased by 12% in the last 24 hours. According to data obtained from CoinMarketCap, DOGE coin had a trading volume of $1.462 billion in the last 24 hours and currently has a market value of $21.85 billion.
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Conclusion
The recent surge in Bitcoin has stimulated growth in many altcoins, with Nervos Network (CKB), dogwifhat (WIF), Floki (FLOKI), Stacks (STX), and Dogecoin (DOGE) being the top performers in the last 24 hours. As the crypto market continues to evolve, these altcoins and others may continue to offer significant potential for investors.
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