Kaiko, the leading data and research firm in the cryptocurrency industry, announced the best-performing altcoins in the mini rally that started at the end of 2023 and continued in 2024, although there was a significant correction in between.
In this mini rally, Bitcoin surpassed $53,000, while eight altcoins have seen a net trading volume of $8 billion since November 2023, according to Kaiko data.
Stating that at this point, eight altcoins led the mini bull rally that started in November 2023, Kaiko pointed out that some of these altcoins were launched in 2023 or earlier this year.
Kaiko said that these altcoins are Bittensor (TAO), Dymension (DYM), Pyth Network (PYTH), Sui (SUI), Aptos (APT), Jupiter (JUP), Sei (SEI) and Celestia (TIA).
“Some of the best-performing tokens of this mini bull rally were launched in 2023 or early this year.
“Approximately $8 billion in new tokens have been registered in spot volume each week since the beginning of the year.”
Among these altcoins, JUP was recently launched on January 31 by Jupiter, a Solana DEX that provides the necessary liquidity infrastructure for the Solana ecosystem.
Aptos, an independent Layer 1 blockchain focused on security and scalability that fosters growth within a decentralized network and developer ecosystem, was launched last year and APT price experienced a massive increase.
Pyth Network (PYTH), the largest and fastest-growing first-party oracle network providing real-time market data to financial dApps on blockchains, reached ATH on February 14, following its debut in January.
Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network and enables the development and implementation of artificial intelligence models. As you may remember, Ethereum founder Vitalik Buterin cited TAO as an example in an article, which caused a huge increase in the price.
Dymension, which enables interoperability and communication between different blockchain ecosystems, was listed by Binance in recent weeks. DYM price had made ATH on February 14.
*This is not investment advice.