Altcoins like SATS, Aave, Monero, and ORDI have increased over 10% in the last 24 hours, a big move in the cryptocurrency market. This happens after Bitcoin’s significant 4.5% rise, showing how the crypto market is significantly linked.
SATS (1000SATS) is getting the most attention among the top gainers. At the time of this writing, the cryptocurrency’s value had gone up by 18.5% and was selling at $0.00033.
The amount of money traded every day on SATS has also gone up a lot by 18.4% to around $202.6 million. Despite this strong recovery, SATS is still 64% below its all-time high of $0.00093, reached on December 26, 2023.
Satoshi Nakamoto made it but under a false identity. Many relate him to SATS, the name of the BRC-20 unit. The minimum quantity of Bitcoin is 0.00000001 BTC. One unknown organization produced SATS. Those who use Bitcoin will like it and help showcase the background and community of Bitcoin.
Everyone knows that Aave is a decentralized finance (DeFi) system. The price went up by 10% yesterday, now worth $102.6. It’s worth about $240.5 million, and people buy and sell it daily. Aave is worth $1.52 billion, making it the 55th largest cryptocurrency. It is still 84% below its all-time high of $666, reached on May 19, 2021.
Anyone can use Ave to take money and real things without going through a bank. People who own AAVE governance coins on the site can help shape its future and receive rewards for their investments.
Altcoins Monero And ORDI Show Significant Gains Following Bitcoin’s Surge
The price of Monero, a cryptocurrency that focuses on privacy, has also gone up a lot. It is now going for $168.7, up 8.5%. Monero is ranked 27th globally by market value, with $3.11 billion. Every day, it moves for about $129.5 million.
The company wants to keep its people safe and private. Information about users is kept secure by ring signatures, secret addresses, and ring-private transactions (RingCT). It’s a joke. The Ordinals method was used to make this and was also the first Bitcoin coin.
It cost $38.5 before, but now it costs 11.6% more. It’s worth $809 million and sells for about $165 million monthly. Even though ADR went up last week, it is still 60% less than its all-time high of $96 that it hit on March 5, 2024.
Software engineer Casey Rodarmor created the Ordinals protocol. It allows data like text, images, music, and video to be stored directly on each satoshi, allowing us to use the Bitcoin blockchain more now.
The rise in these other coins comes after Bitcoin’s 4.5% gain in the last day, which brought its price to $66,968. In 24 hours, it hit a low of $63,506 and a high of $67,338. With this rebound, Bitcoin has now gone over $66,000 for the first time this week.
Other big altcoins, like Ethereum, Dogecoin, Ripple, Solana, and Litecoin, saw small changes in their gains and losses. CoinMarketCap data shows that the Market Fear & Greed Index is 59 (Neutral) out of 100.
As of this writing, the value of all crypto assets in circulation is $2.39 trillion, which is 3.41% more than 24 hours ago.
