This week the market has been witnessing a surge in the cryptocurrency market, focusing on five altcoins that have dominated the top 50 cryptocurrencies.
The altcoins mentioned are FTX Token (FTT), THORchain (RUNE), Cronos (CRO), Avalanche (AVAX), and Solana (SOL). FTT saw the highest gains, with a 218% increase in value attributed to remarks by Gary Gensler.
THORchain experienced a 56.46% increase, Cronos had a 51.85% increase, Avalanche surged by 47%, and Solana saw a 44% increase.
There have also been other notable cryptocurrencies with significant gains, such as ORDI, Celestia, and Terra (LUNA).
The bullish momentum in the market indicates the strength and potential of the cryptocurrency sphere. However, it also highlights the volatility and risks associated with new cryptocurrencies entering the market.
Source: DAILYCOIN
