Amid the volatility triggered by Bitcoin's record rally and unexpected Q2 earnings reports from Wall Street, several altcoins have shown active movements in the market.
Rise of Altcoins THE, CROSS, and BONK
Altcoins THE, CROSS, and BONK displayed notable upward movements.
- **THE (Thena)**: Price increased by 46.29%, reaching $0.4608. The growth was driven by community initiatives and key protocol upgrades. The launch of the Italian Telegram community boosted retail interest.
- **CROSS**: Grew by 44.75%, with a current price of $0.2110. The rise was driven by increased demand for futures contracts and trading volumes after listing on BitMart.
- **BONK**: Gained 9.09%, with the current price at $0.00002893, linked to the success of the LetsBONK.fun project and overall interest in meme coins.
Correction of PUMP and decline of AITECH
Altcoin PUMP saw a significant correction, down by 15.59%. Profit-taking after the recent surge, driven by DWF Labs' acquisition of 2.5 billion tokens, contributed to this decline.
- **AITECH**: Experienced a decline of 4.17%, with a current price of $0.04253. The drop was due to profit-taking after an 11.8% increase last week and technical resistance around the $0.043–$0.046 range.
Global Market and Its Influence on Cryptocurrencies
The global markets show mixed dynamics: the Dow fell over 300 points, while the Nasdaq rose by 0.5%. Concerns over inflation and tariffs weigh on stock markets. Meanwhile, tech stocks like Nvidia support market sentiment.
The association between movements in traditional markets and cryptocurrencies is becoming more noticeable, with emphasis on speculation around altcoins.
Despite corrections and uncertainties, altcoins THE, CROSS, and BONK are showing strong results due to active communities and innovations. The crypto market remains under pressure, but potential growth opportunities linger, especially in the sectors of meme coins and DeFi.
