The digital currency ecosystem has seen a major price rejuvenation with many altcoins on a bullish surge today. While most of the altcoins under watch remain glued in their respective ranking, some like Binance Coin (BNB) and Toncoin (TON) made significant moves today.
The Ambitious All-Time High (ATH) Plays
For the first time since May 2021, Binance Coin jumped above and printed a new ATH of $712.59. The feat was achieved on the back of a more than 16.10% surge in the past 7 days.
With many BNB HODLers not familiar with such price highs, many are taking profits, triggering a bearish deviation from the ATH. At the time of writing, Binance Coin is priced at $690.62, albeit, with a 3.92% surge in 24 hours.
Besides BNB, Toncoin remains a standout performer in the market. It is currently trading for $7.41, up by 4.99% in 24 hours.
Per data from CoinMarketCap, TON printed a new ATH of $7.78 in the earlier hours of today. With many bullish fundamentals around Toncoin including a well-acclaimed Pantera Capital bet, the coin has remained one of the most watched in the market today.
Besides BNB and TON, other altcoins like Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) are also seeing mild rebound today. While ETH is up 1.58% to $3,850.69, SOL and DOGE have rallied 2.43% and 1.70% to $172.91 and $0.1629 respectively.
Which Altcoin To Hit ATH Next?
The altcoin ecosystem thrives with the aid of Bitcoin (BTC). Despite the impressive jump in Bitcoin’s performance on spot BTC ETF sentiment, many altcoins are yet to retest their ATHs.
XRP, Shiba Inu (SHIB), and Chainlink (LINK) for instance are still about 86.31%, 70.8%, and 66.41% of their respective ATHs. While none of the aforementioned projects lacks impressive fundamentals to drive their resurgence, the status quo has just been maintained, showing how dynamic the altcoin ecosystem is.
With this reality, it remains to be seen which altcoin will retest a new ATH as the altcoin season rages on.
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