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Bitcoin halving occurred last night, drawing all eyes to the market’s response. Initially, Bitcoin and altcoins showed no significant reaction in the first few hours. However, small price movements later transformed dramatically, leading to widespread market increases. Which cryptocurrencies showed the clearest gains after about 24 hours?
Bonk (BONK) Tops the Charts
As calendars turned to March, Bitcoin reached its all-time high (ATH) before the halving, surprising the market. This ATH subsequently had significant impacts on some altcoins.
This period particularly benefited meme coins and AI-focused cryptocurrencies. Meme coin prices soared to historic levels, delighting investors once again.
One of the biggest winners of this period, BONK, stood out as the top gainer in the first 24 hours post-halving. Following a 31% increase, BONK is now trading at $0.00001956.
BONK’s market cap has reached $1.275 billion, while its 24-hour trading volume has risen to $233 million. BONK is currently ranked 72nd.
FLOKI (FLOKI) Price Update
Like BONK, Floki Inu has made a significant impact on the market. FLOKI rose to $0.0002642 in March but later retracted.
As of writing, FLOKI has experienced a 19% increase, now trading at $0.0001644. This rise is accompanied by an increase in market cap, which now stands at $1.5 billion. The trading volume has surged by 50% to $248 million.
Still far from its ATH of $0.0003437, the meme coin could potentially aim for this level or higher in the post-halving period.
Arweave (AR) Gains Attention
Another altcoin that caught the market’s attention is AR. AR has visibly risen, turning the halving to its advantage with the strength of the bulls. After a 16% increase, AR is finding buyers at the $32.26 region.
AR’s market cap is $2.1 billion, while its 24-hour trading volume is around $123 million. Arweave maintains its position at 50th in the market cap rankings.
Is Fetch.ai (FET) Making a Comeback?
Following Arweave, AI-focused and recently popular FET is ranked 52nd. FET’s price has also risen by 16%, reaching $2.48.
Similarly, FET’s market cap is seen at $2.1 billion, while its 24-hour trading volume, despite being relatively low compared to its peers, has increased by 5% to $300 million.
This low rate could be interpreted as investors’ buy orders not being met and their desire to drive the price higher.
Current Status of SingularityNET (AGIX)
Another cryptocurrency that stood out today is AGIX. AGIX’s price has risen by 15%, reaching $1. This price increase is also reflected in its market cap, which now stands at $1.2 billion.
AGIX’s 24-hour trading volume, unlike its competitors, appears to be decreasing. AGIX has experienced a 7% drop in trading volume over the last 24 hours, totaling $129 million.
How Much is 1 Shiba Inu (SHIB) in Turkish Lira?
A familiar name appears at the 6th spot on the list. Market’s 11th, DOGE‘s biggest competitor, SHIB, is currently experiencing a 14% increase, trading at $0.00002624.
Despite this price level, SHIB had dropped below $0.00002000 the previous day. In Turkish Lira, SHIB’s price is at 0.0008784 TL.
SHIB’s 24-hour trading volume has risen to $826 million. Its market cap, during the same period, has reached $15.6 billion. Considering SHIB is far from its past ATH, larger price movements could be likely in the future.
