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Are the bulls back? The most rising altcoin's!
With the leader cryptocurrency Bitcoin (BTC) experiencing a rise of more than 8% in the last 24 hours, there was a positive outlook in the altcoin.
On May 3, the last trading day of the week, spot Bitcoin ETF data whetted appetite. Grayscale, which has witnessed net money outflows since the launch, made a net money inflow for the first time the other day. GBTC's positive reading has been a driving force for the cryptocurrency market.
Bitcoin (BTC) has revived altcoin, experiencing rise of more than 8 percent in the last 24 hours. Many altcoin have seen sharp rises and resistance tests.
With investors getting excited and the bulls back in the ring, all eyes are on the performance of the altcoin. So, which altcoin came out on top with their rises in the last 24 hours?
##1- Nervos Network (CKB)
Nervos Network (CKB), a layer-1 project that serves with the Proof of Work (PoW) mechanism and tries to create a proof-of-work blockchain, was the most rising altcoin of the day. CKB has rise over 20 percent in the last 24 hours.
According to data from CoinMarketCap, the CKB coin achieved a trading volume of $90.3 million in the last 24 hours. CKB coin has a market capitalization of $832 million.
##2- dogwifhat (WIF)
The popular memecoin dogwifhat (WIF) in the Solana ecosystem was among the altcoin that marked the day. WIF, which attracts attention with its community, has increased by 19.88 percent in the last 24 hours.
According to data from CoinMarketCap, WIF coin has achieved a trading volume of $557 million in the last 24 hours. WIF coin has a market capitalization of $3.31 billion.
##3- Floki (FLOKI)
Another memecoin that marked the day like Solana memecoin dogwifhat (WIF) was Floki (FLOKI). FLOKI, one of the most popular memecoin, hosted an increase of 16.32 percent in the last 24 hours.
According to data from CoinMarketCap, FLOKI has achieved a trading volume of $294 million in the last 24 hours. FLOKI has a market capitalization of $1.84 billion.
##4- Stacks (STX)
Stacks (STX), which focuses on the Bitcoin ecosystem and enables the creation of smart contracts on the Bitcoin network, was the fourth highest rising altcoin of the day. STX experienced a rise of 16.85 percent in the last 24 hours.
5- Dogecoin (DOGE)
Dogecoin (DOGE), known as the king of memecoins and the name that dominated the crypto market for a while, became the fifth most rising altcoin of the day. leader memecoin experienced a 12 percent rise in the last 24 hours.
According to data from CoinMarketCap, the DOGE coin generated $1.462 billion in trading volume in the last 24 hours. DOGE coin has a market capitalization of $21.85 billion.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.