At the time of writing, Bitcoin’s price is $103,956.30 after a 24 of 0.08% increase. Meanwhile, several altcoins are experiencing significant gains. Ether.fi (ETHFI), Hivemapper (HONEY), and Maple Finance (SYRUP) yielded triple-digit percentage gains over the weekend. Their market capitalization and trading volume exploded as well.
Ether.fi (ETHFI) is currently on top of the market, with a market cap of $270.43 million, up by 38.87%. The dramatic rise in interest is easily illustrated by the 24-hour trading volume. It soared to $500.24 million, for a stunning jump of 297.48%.
The total and maximum supply of ETHFI is limited to 1 billion tokens. As of now, the circulating supply is 239.9 million ETHFI. Investor sentiment seems to be through the roof, with 87% of users having a bullish sentiment on the cryptocurrency.
Hivemapper (HONEY) is the standout performer today, up 21.58% at a market cap of $145.58 million. An extraordinary 893.70% increase in HONEY’s 24-hour trading volume has crossed $8.8 million.
The entire supply of HONEY 6,440,000,000 tokens with 4.3 billion circulating. Bullish sentiment is strong across the board for Hivemapper too, with 84% of all votes showing a positive sentiment from users.
Maple Finance (SYRUP) has shown impressive returns, currently boasting a $333.77 million market cap, up 23.05%. SYRUP’s 24-hour trading volume was at $137.48 million, an increase of 102.02%.
SYRUP’s current circulating supply is 1.06 billion tokens. This is indicative of strong investor confidence in Maple Finance, with 89% of users recording a bullish sentiment.
All of this recent activity on these altcoins indicates an increasing accessibility and interest in altcoins outside of Bitcoin. Ether.fi's substantial gains in market capitalization and trading volume, coupled with strong bullish sentiment, indicate increasing investor confidence in the platform. An exhilarating 40,000% increase in trading volume and vibrant community projecting bullish future prospects has Hivemapper continuously climbing upward. Maple Finance’s impressive market capitalization growth and elevated investor confidence help cement its standing in the market.
Despite Bitcoin’s recent price fluctuations. At the same time, the altcoin boom is a striking example of how quickly the crypto industry moves. Recognizing the need for stronger growth opportunities and portfolio diversification, investors are turning to altcoins in droves. Ether.fi, Hivemapper, and Maple Finance are leading the pack in creating bullish vibes. This hype promises to have these altcoins attracting more attention — and investment — in the near future.
