The cryptocurrency market experienced a modest rebound today, gaining 0.41% after a week of steep losses. Investors are shifting their focus to Binance’s ecosystem growth, including increased derivatives trading volumes and the momentum behind several altcoin surges. 📈
Binance upgrades and developer programs fueled a boost in the platform’s ecosystem, with perpetual volume rising by 74%. This rise, along with renewed buying activity, propelled several altcoins into sharp rallies.
**Top Trending Coins:**
Several tokens have made significant gains recently. Origin Protocol (OGN) soared 35.30%, reaching a market cap of $56.88 million. Meanwhile, Bitcoin (BTC), with a modest 0.12% increase to $114,217.55, maintained its dominance above $2.27 trillion.
Meme-based coins are also riding the wave. MemeCore (M) surged by 19.41%, reaching $0.4484 and boosting its market cap to $708.12 million. Similarly, Memecoin (MEME) jumped 28.60% to reach $0.002592, achieving a valuation of $136.05 million.
**Notable Altcoin Performance:**
Ethereum (ETH), the second largest by market cap, saw a notable 2.20% rise, trading at $4,302.36 despite a 7.52% decline over the week.
DexScan has its own insights:
LILPEPE surged 337% with over 113,000 transactions in a single day and is currently trading at $0.003959. Meanwhile, TRUMP gained 1.49% with $62 million in trading volume.
Other notable movements include AIOT’s decline of 5.52% to $1.59, followed by Chainlink (LINK) gaining a solid 7.16%.
**Cryptocurrency Flows:**
CryptoDiffer offers another perspective on market trends, showcasing the capital flows into major blockchains.
According to their Twitter post, Avalanche (AVAX) led with a $164 million net inflow, surpassing its previous 30-day record of $139 million. Ink also saw a comeback with $35 million in inflows while Scroll and Sei each attracted $23 million. Sonic turned things around by bringing in $20 million after earlier losses, and Optimism added another $14 million.
**Market Trends:**
These shifts reveal a cautious yet vibrant cryptocurrency market where capital flows are constantly shifting, fueled by momentum in meme tokens, blockchains, and various altcoins.