Altcoin Market Surges Axelar Up 52.12% MEVerse 62.78% Gaspsas 31.18%

There is a boost of enthusiasm in the altcoin market as some trades are breaking out. In the last 24 hours, several tokens, for example, Axelar (AXL), MEVerse (MEV), and Gaspsas (GASS), have seen notable gains and increased trading action and attention from people investing in them. More people in crypto are interested in quick gains, but there is still a lot of uncertainty in stocks such as BIG.

Axelar (AXL) was the biggest gain among altcoins in the past day, as its price went up 52.12%. The value of the token went up to $0.5114 as investors’ interest increased noticeably. The increase in trading volume, which went up over 5,500%, shows that more investors are allocating funds to the market and taking part. The market capitalization of Axelar now stands at $502 million, closely tracking its fully diluted valuation of $616 million. With a total value locked (TVL) of $256 million, the market cap/TVL ratio sits at 1.93, indicating efficient capital deployment within the ecosystem. The circulating supply is currently 981.61 million AXL out of a maximum supply of 1.2 billion. The token’s chart revealed a rapid early price increase above $0.60, followed by a correction and stabilization near $0.51.

MEVerse (MEV) posted the most significant daily gain among the highlighted assets, with a 62.78% increase in price. The token is now trading at $0.004512. This performance is backed by a sharp rise in trading volume, which spiked by 14,334% to reach $40.5 million. Such an increase reflects intense market activity and speculative trading behaviour. The coins market capitalization has climbed to $7.79 million, closely aligned with its fully diluted valuation of $9.02 million. MEVerse has a circulating supply of 1.72 billion tokens from a total supply of 2 billion. The chart shows a rapid early movement from approximately $0.00277 to above $0.005, followed by a consistent upward trend. With a volume-to-market cap ratio of 510.62%, MEVerse demonstrates high short-term interest but also suggests considerable volatility.

Gaspsas (GASS) has also recorded a strong price performance, increasing by 31.18% in the last 24 hours. The token is currently priced at $0.0732, while the market capitalization has reached $13.46 million. Trading volume grew by 50.56%, climbing to $5.32 million. This uptick in volume points to increasing interest from traders seeking new opportunities. GASS has a circulating and total supply of 420.69 million tokens, with both its market capitalization and fully diluted valuation now aligned. The token’s price movement chart showed multiple sharp spikes throughout the day, peaking near $0.035 before consolidating above $0.03. With a profile score of 87% and a volume-to-market cap ratio of 39.4%, the asset reflects healthy liquidity and consistent buying activity, reinforcing its status as a strong mid-cap performer.

BIG token registered a minor price increase of 1.43%, trading at $0.002628. Despite the uptick, the asset’s 24-hour trading volume fell by 11.72%, down to $118.97K. This decline suggests fading short-term demand or reduced interest from active traders. BIG has a market cap and fully diluted valuation of $2.62 million, with a total and circulating supply of 1 billion tokens. The price chart indicates a brief spike above $0.0029 in the early hours before retreating, highlighting a failed breakout or possible large-holder selloff. With only 28.69K holders and a volume-to-market cap ratio of 4.55%, BIG continues to operate as a speculative micro-cap token. Its price action remains erratic, with low liquidity support making it susceptible to sudden moves.

In summary, the altcoin market has seen a surge in interest, with several tokens experiencing significant price increases and trading volume spikes. Axelar, MEVerse, and Gaspsas have shown strong performance, attracting more investors and demonstrating healthy liquidity. However, the market remains volatile, as seen with the erratic price action of BIG token. The increased trading activity and speculative behaviour suggest that traders are actively seeking breakout opportunities in the altcoin market.