3 Altcoins Soaring Over 20% to Kickstart the Week Amidst a Slow Crypto Market

After experiencing a minor crash causing the global value to decrease by 0.93%, the cryptocurrency market is slowly recovering with Bitcoin price maintaining its stability, surpassing $90,000. The Extreme Greed level of 84 on the Crypto Fear & Greed Index shows an increase in optimism among traders. In this scenario, three altcoins- Mantra (OM) and Hedera (HBAR) – were notable for their significant increases, while Minotaurus (MTAUR) emerged as a competitive player in the crypto gaming industry. Here is a more in-depth examination of their performances.

Altcoins Surging in Prices at the Beginning of the Week

1. Mantra (OM): Smashing Altcoins  with a 200% Weekly Surge

Mantra (OM) has taken the altcoin market by storm, hitting a new all-time high (ATH) of $4.47. Despite a slight correction of -6.67% to trade at $4.16, Hedera price  remains up by approximately 27% and  200% over past day and week, respectively. The surge has been fueled by a 573% spike in daily active addresses, indicating heightened interest and trading activity.

Additionally, whale activity has added to the bullish momentum. According to Spot On Chain, a major whale purchased $2.62 million worth of OM tokens, increasing their holdings to over 18.27 million coins. Net inflows from whales have also surged, with 2.39 million OM tokens worth $5.75 million flowing into large holders’ wallets in recent days.

The forthcoming announcement of the airdrop has increased market excitement even more. Mantra is establishing itself one of the leading altcoins, being a major player in the Real-World Asset sector within the Cosmos ecosystem. Analysts continue to be hopeful, pointing out that important signs suggest the possibility of its upward trend extending further.

2. Hedera (HBAR): Altcoin Riding the Wave of Enterprise Adoption

Hedera (HBAR) is emerging as one of the best cryptos to buy right now having seen a increase of 38% in value, over the past day. In just seven days, HBAR price soared by 119.48%, with a market cap hitting $4.51 billion and a trading volume of $1.24, over the past 24 hours. Hedera has drawn market attention for its focus on distinctive hashgraph technology and sustainability.

Significant partnerships, particularly with major companies and organizations like the Nairobi Securities Exchange, Kenya’s primary securities exchange, have helped boost the price movement of HBAR. These partnerships frequently result in higher trust and usage of the platform, potentially increasing the demand for HBAR tokens. Many experts see Hedera’s emphasis on scalability and energy efficiency as making it a prominent player in the blockchain industry.

3. Minotaurus: A Rising Star in Crypto Gaming

Besides Mantra (OM) and Hedera (HBAR), Minotaurus (MTAUR) is emerging as a promising cryptocurrency among other gaming tokens.  Priced at 0.00005983 USDT, MTAUR offers a 70% markdown compared to its expected listing price of 0.00020 USDT.

The presale has already exceeded 200,000 USDT in sales, highlighting strong interest from the crypto community. Early buyers at 0.000040 USDT have already seen a 50% increase in value, with further growth anticipated. MTAUR stands out with its in-game utility and sustainable tokenomics, appealing to the growing cryptocurrency gaming sector.

Tokens unlock avatar customizations, power-ups, and special zones, enhancing user experience and creating real value for holders. Backed by SolidProof and Coinsult audits, MTAUR offers promising returns and long-term stability. The project is generating excitement on social media, with influencers and thought leaders recognizing its potential.

With a 100,000 USDT giveaway, participants have a chance to win 50,000 USDT in MTAUR tokens. As the presale progresses, the window to acquire MTAUR at low prices is narrowing, positioning it as one of the potential altcoins to buy in this bull run.

Final Thoughts

As the broader crypto market picks up steadily, thenotable increases seen in Mantra (OM), Hedera (HBAR), and Minotaurus (MTAUR) highlight the ongoing potential within the altcoin space. These projects are not only achieving significant price surges but also demonstrating strong fundamentals and increasing community support. Whether driven by impressive whale activity, enterprise adoption, or a thriving presale, these altcoins are setting the stage for potential long-term growth. As the market continues to show signs of recovery, these tokens stand out as prime examples of opportunity for those seeking to capitalize on the next wave of crypto innovation.

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Jane Lubale

With over four years of experience in the cryptocurrency, Fintech, blockchain, and Web3 industries, I bring a wealth of knowledge and expertise to every piece I write. Backed by a Masters in Business Administration, my writing combines insightful analysis with a deep understanding of market trends, technological advancements, and regulatory landscapes. Whether crafting engaging articles, informative guides, or thought-provoking analyses, I strive to deliver content that informs, educates, and inspires readers in this rapidly evolving space.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.