After experiencing a minor crash resulting in a global value decline of 0.93%, the cryptocurrency market is slowly recovering, with the price of Bitcoin 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) – stood out with their significant increases, while Minotaurus (MTAUR) became a competitive player in the crypto gaming industry. Here’s a closer look at their performance.
Altcoin prices rise at the start of the week
1. Mantra (OM): Crushing 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 approximately 27% and 200% from the past day and week, respectively. This increase was fueled by a 573% increase in daily active addresses, indicating increased interest and trading activity.
Additionally, whale activity added to the bullish momentum. According to Spot On Chain, a major whale purchased $2.62 million worth of OM tokens, bringing its holdings to over 18.27 million coins. Net inflows from whales have also increased, with 2.39 million OM tokens worth $5.75 million flowing into large holders’ wallets in recent days.
The upcoming announcement of the airdrop has further increased market enthusiasm. Mantra is establishing itself as one of the leading altcoins, being a major player in the real-world asset sector within the Cosmos ecosystem. Analysts remain optimistic, pointing out that significant signs suggest the possibility of a continuation of the upward trend.
2. Hedera (HBAR): Altcoin riding the wave of enterprise adoption
Hedera (HBAR) is becoming one of the best cryptos to buy right now, after seeing its value increase by 38% over the past day. In just seven days, HBAR price has soared 119.48%, with the market cap reaching $4.51 billion and trading volume of $1.24 in the last 24 hours. Hedera has attracted market attention for its focus on distinctive hashgraph technology and sustainability.
Significant partnerships, especially with large companies and organizations like the Nairobi Stock Exchange, Kenya’s leading stock exchange, have helped drive HBAR price action. These partnerships often result in higher trust and usage of the platform, potentially increasing demand for HBAR tokens. Many experts consider Hedera’s focus on scalability and energy efficiency to make it a leading player in the blockchain industry.
3. Minotaur: 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 from its price expected listing of 0.00020 USDT.
The presale has already exceeded 200,000 USDT in sales, highlighting the strong interest from the crypto community. Early buyers at 0.000040 USDT have already seen a 50% increase in value, and further growth is expected. MTAUR stands out for its in-game utility and sustainable tokenomics, appealing to the growing cryptocurrency gaming sector.
Tokens unlock avatar customizations, power-ups and special zones, improving the 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 opinion 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 cheaply narrows, positioning it as one of the potential altcoins to buy in this bull run.
Final Thoughts
As the broader crypto market steadily recovers, the notable increases seen in Mantra (OM), Hedera (HBAR), and Minotaurus (MTAUR) highlight the current potential of the altcoin space. These projects not only generate significant price increases, but also demonstrate strong fundamentals and growing community support. Whether driven by impressive whale activity, corporate adoption, or thriving pre-sales, these altcoins are paving the way for potential long-term growth. As the market continues to show signs of recovery, these tokens present themselves as prime examples of opportunities for those looking to capitalize on the next wave of crypto innovation.
Frequently Asked Questions (FAQ)
Mantra (OM) surged 205% on a significant increase in active addresses and whale activity, as well as market excitement over airdrop announcements.
Hedera (HBAR) saw a 25% weekly increase, fueled by a focus on scalability, sustainability and significant adoption by businesses, including partnerships like the Nairobi Stock Exchange.
Minotaurus (MTAUR) stands out for its in-game utility, sustainable tokenomics, and promising growth in the cryptocurrency gaming sector, generating significant pre-sale interest.
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 article I write. Backed by a Masters in Business Administration, my writing combines in-depth analysis with an in-depth understanding of market trends, technological advancements and regulatory landscapes. Whether writing engaging articles, informative guides, or thought-provoking analyses, I strive to provide content that informs, educates, and inspires readers in this rapidly evolving space.
Disclaimer: Content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
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