The altcoin market is on fire this week! Inspect (INSP), RefundYourSOL (RYS) and VoluMint (VMINT) are currently winning the race for people’s attention with their amazing gains and volumes. Fomo is fuelling the FOMO. Investors and traders are flocking towards these altcoins. They highlight the cryptocurrency market’s wild volatility and its extraordinary potential for high, high returns. This article takes a closer look at the recent performance and market dynamics of these three altcoins.
Just like Staked, Inspect has been on a phenomenal run to the upside with its price skyrocketing by 375.94% in the last month. This impressive growth has established INSP as one of the top performers of all altcoins on the market today. At its current value of $0, INSP has generated a significant amount of enthusiasm from the investing community.
Even with its growth over the month, Inspect has experienced a 22.89% decrease in price for the last week, including. Still, this daily trading volume for INSP is high at $3,618,333 with a market cap of $14,690,300. With over $133M in high, sustained trading volume, a lot of interest and activity continues to surround INSP, demonstrating its potential to draw in massive new capital flows.
RefundYourSOL (RYS) offers yet another compelling narrative on the altcoin market. The current price of RYS is $0.0009008. Its market capitalization is $2,604,824.
RYS is down by a modest 1.46% in the past 24 hours. In the process, it set a new all-time high daily trading volume of $514,556. Given RYS small current market cap, it has a lot of room for potential growth.
VoluMint (VMINT) has shown a lot of growth, as it’s up 291.68% in the last week alone. This rapid growth has set VMINT apart to quickly become one of the hottest altcoins in the entire market. Its average daily trading volume is the same as RYS, at $514,556.
Inspect, RefundYourSOL, and VoluMint’s explosive behavior just recently goes to show the altcoin market is still wildly fertile. Further, Inspect has shown strong monthly returns and significant monthly trading volume. It just suffered a price correction during the last week, indicating a possible high volatility trend. RefundYourSOL, with its smaller market cap, has a more impressive upside than RefundYourSOL. On the other hand, VoluMint’s quick weekly growth is like a good mercenary in the market.
Investors are advised to be careful and to do considerable research before investing in altcoins. The crypto market is extremely risky and volatile, and crypto is not suitable for all investors and you could lose all of your invested money. All of these factors, including market sentiment, technological developments and regulatory changes, are central to determining the price of altcoins. These factors contribute tremendously to their trading volume.