• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

New Year Rally: How Altcoins Experience Double-Digit Gains

user avatar

by Giorgi Kostiuk

a year ago

The crypto market saw sharp gains in several tokens, including Pudgy Penguins and JasmyCoin, demonstrating the so-called Santa Claus rally.

Pudgy Penguins Token's Sharp Rise

Pudgy Penguins (PENGU) token soared by 40% on December 24, bringing its market cap to $2.26 billion. This rise was driven by a 40% jump in Pudgy Penguins NFT sales in the last 24 hours, reaching $1.38 million. A crypto whale, who received 116.7M PENGU in an airdrop, also purchased an additional 34.42M tokens without selling any.

The whale spent 5,250 SOL ($1 million) to buy an additional 34.42M PENGU and now holds a total of 151.12M PENGU ($5.08 million).Lookonchain

JasmyCoin's Success in the Crypto Market

JasmyCoin, popularly known as Japan's Bitcoin, rose for the third consecutive day, reaching its highest level since December 8. Despite a large transfer of tokens to Coinbase, the total number of JASMY on exchanges dropped by 1.97% to 16.74 billion, indicating growing investor interest.

IOTA and Others Leading the Charge

IOTA also performed well on Christmas after the community supported the proposed Rebasing upgrade with a 98% vote in favor. This upgrade introduces new features like staking and smart contracts. Additionally, Algorand, Hedera Hashgraph, and Virtuals Protocol showed positive trends.

The pre-Christmas market rally showed significant growth for many altcoins, despite the risk of a potential reversal. The rise in prices, influenced by Bitcoin's growth and the seasonal rally, brings hope to investors while requiring caution to avoid traps in a declining market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Major Brands Embrace Crypto Payments, Boosting Consumer Confidence

chest

Prominent US companies such as Starbucks, Walmart, and Home Depot are now accepting crypto payments, helping to normalize the use of digital assets in everyday transactions.

user avatarJesper Sørensen

Decentralized Crowdfunding Emerges Amid Geopolitical Challenges

chest

Decentralized crowdfunding is emerging as a vital tool for financial support amid geopolitical challenges, enabling direct funding to individuals and communities, particularly in regions like Venezuela where traditional banking is hindered.

user avatarLucas Weissmann

UK Government Calls for Changes in Google's AI Features for Publishers

chest

The UK government is urging Google to allow publishers to opt out of AI-generated Overviews in search results, addressing concerns over content ownership.

user avatarRajesh Kumar

EU Regulators Order Google to Share Data with Competing AI Tools

chest

EU regulators have ordered Google to share data with competing AI tools within six months as part of the enforcement of the Digital Markets Act.

user avatarEmily Carter

Centralized Crowdfunding Platforms Under Scrutiny

chest

Centralized crowdfunding platforms are facing criticism for their lack of transparency, high fees, and vulnerability to abuse, prompting calls for a shift to decentralized models.

user avatarFilippo Romano

NEAR Protocol Gains Attention for Steady Network Usage

chest

NEAR Protocol is gaining attention for its consistent network activity and transaction growth.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.