- The top 3 cryptocurrencies that recorded the maximum gains are XTZ, HBAR, and THETA.
- The global crypto market Fear & Greed Index stands at 83, indicating extreme greed.
The global cryptocurrency market is maintaining a subtle uptick. Over the past 24 hours, the total market capitalization climbed 0.89% to reach $3.08 trillion. Trading volume also surged by 22.12%, hitting $188.71 billion. This growth has been supported by positive sentiment, as reflected in the Fear & Greed Index, which now sits at 83, signaling “Extreme Greed” among investors and traders.
Amid this optimistic landscape, several altcoins are making waves with maximum gains. Tezos (XTZ), Hedera (HBAR), and Theta Network (THETA) taking center stage with impressive price rallies and exciting developments.
Tezos (XTZ)
The altcoin has recently outperformed Hedera, gaining significant attention for its self-upgradable proof-of-stake blockchain. In the last 24 hours, Tezos surged by 60.38%, climbing from a low of $0.8353 to an intraday high of $1.34. At the time of writing, XTZ is trading at $1.12, with a market cap of $1.13 billion. Additionally, the daily trading volume skyrocketed to a jaw-dropping 1485% to $920 million, fueling the current spike.
This surge marks the seventh consecutive day of gains for Tezos, with its weekly chart forming bullish candlesticks. Technical indicators like the RSI and MACD confirm this upward trend, suggesting a breakout could be on the horizon. Analysts predict that if the momentum continues, Tezos might target $3 in the coming weeks.
With these bullish signals, Tezos is expected to break key resistance levels and potentially climb toward $3 in the coming weeks.
Hedera (HBAR)
Hedera has also been enjoying an incredible bull run, with its price spiking 161% over the past week to reach $0.1566. In the last 24 hours alone, HBAR surged by 41.72%, climbing from an intraday low of $0.1105. This surge pushed its market cap to $5.50 billion.
The rally has been fueled by speculation about a potential partnership with SpaceX to enable satellite-based payments. While not yet confirmed, this rumored collaboration has generated significant buzz in the market. Adding to the momentum is the possibility of a former Hedera board member and Binance US CEO being considered for the SEC chair position, which could further solidify Hedera’s credibility and appeal.
Theta Network (THETA)
Theta Network is making a strong comeback with a bullish revival, gaining 16% over the past 24 hours. The token climbed from a low of $1.59 to an intraday peak of $1.83 and is currently trading at $1.80, holding a market cap of $1.80 billion. Additionally, the daily trading volume for THETA has spiked by an impressive 243%, reaching $203 million.
After consolidating in a range between $1 and $1.55, THETA has broken out decisively, signaling the start of a potential bullish cycle. Strengthening RSI momentum backs this move, with key resistance at $2 and a long-term target of $3.5, last seen in March 2024.
