Bitcoin dropped below $83,000 on Sunday as the crypto market continues its downward trend, yet several altcoins like Ancient8 and Apu Apustaja have turned bullish.
A8 has surged 160% in the past day, trading at $0.259 from a low of $0.09628. This massive price movement follows Bithumb’s listing of A8 several months ago.
The South Korean exchange, one of the largest in Asia, appears to have created a delayed effect as attention turns toward the token.
Market analysts point to three key factors behind this surge: increasing global attention, growing adoption rates, and a combination of strong holders and new market entrants. Beyond these market factors, there have been no major project developments to explain the sudden price jump.
https://twitter.com/kuradenshin_/status/1901117321344958885
Second on CoinGecko’s top gainers list, APU has climbed 85% over the last 24 hours, reaching $0.0002479 from $0.0001325. The meme coin has also been trending on X recently. However, like many meme coins experiencing sudden pumps, there are no fundamental updates or developments behind the price movement.
Third on the list, ROAM Token has seen a 41% increase in the past day, moving from $0.136 to $0.1917.
The DePIN (Decentralized Physical Infrastructure Network) project, which focuses on creating an open wireless network through OpenRoaming and eSIM technologies, recently received a shoutout from Solana’s (SOL) official X account.
https://twitter.com/weRoamxyz/status/1900597709897429074
Adding to its surge, ROAM announced it has reached a milestone of 2 million nodes globally, showcasing the growing adoption of its decentralized network infrastructure.
Despite these isolated bright spots, the overall crypto market continues its correction phase.
Bitcoin’s (BTC) drop to $82,471 shows ongoing selling pressure that has affected most major cryptocurrencies.
At the same time, Ethereum (ETH) has also dropped to the $1,900 level.
Read the full article here