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Cryptocurrency News Articles
Altcoins Stage a Major Rebound, Leading to Double-Digit Gains Across Several Key Tokens
May 24, 2025 at 04:00 am
The altcoin market staged a major rebound over the past 24 hours, with double-digit gains reported across several key tokens.
The altcoin market saw a significant rebound over the past 24 hours, with double-digit gains reported on several key tokens. Among the top 100 cryptocurrencies by market capitalization, Hyperliquid (HYPE) and Worldcoin (WLD) posted the strongest daily performances.
The gains come after a period of subdued trading activity, suggesting a shift in market sentiment as trading volumes and token prices increased noticeably.
Hyperliquid, the protocol specializing in on-chain derivatives, recorded over $532 million in trading volume during the day. HYPE's strong momentum places it at the top of the day's leaderboard, signaling strong interest in the derivatives niche as investors pivot toward utility-focused platforms in decentralized finance (DeFi).
Worldcoin, known for its initiatives linking digital identity with biometric and AI technologies, saw its token hit $1.18 billion in trading volume. The price increase comes amid sustained engagement around Worldcoin's projects.
AI Tokens and Privacy Coins Register Gains
In the realm of artificial intelligence, assets like Fetch.ai (FET), part of the Artificial Superintelligence Alliance, saw a 7.91% rise, placing it among the top gainers. The token continues its upward movement in line with broader attention on AI capabilities in blockchain environments.
Another notable gainer was Four (FORM), with an 8.01% increase, reaching $2.89 by the end of the reporting period.
Among the privacy tokens, Zcash (ZEC), a cryptocurrency known for its focus on private and secure transactions, showed an increment of 7.14%. The move indicates interest in coins catering to specific use cases like privacy-focused transactions.
Broader Altcoin Sentiment Turns Positive
From the Solana ecosystem, Jupiter (JUP) climbed 4.67% to $0.5741, supported by a trading volume of $194.8 million. Bitget Token (BGB) gained 3.99%, while meme-based Bonk (BONK) added 3.43%.
Infrastructure-oriented coins like Injective (INJ), Celestia (TIA), and Aptos (APT) also recorded gains between 2.29% and 2.57%. The distribution of gains across multiple sectors, including derivatives, AI, privacy, decentralized exchanges, and meme tokens, signals a broader uptick in market participation.
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