Crypto paradox: Meme coin frenzy defies alt-season logic

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  • PNUT has gained a large 3,000% over the previous month.
  • XRP has rebounded above the $1 value degree whereas surging 101.97% over the previous week.
  • HBAR is up 40.95% in 24 hours and 120% within the final week.

Meme coin Squirrel the Peanut (PNUT) has exploded over 3,000% over the previous month, whereas altcoin XRP has soared 113.82%. Nevertheless, one analyst says the altcoin season has not but begun.

Altcoin Buzz famous in a publish on These embrace PNUT, XRP, Hedera (HBAR), Mantra (OM), and Stellar (XLM). In the meantime, Bitcoin is nearing all-time highs.

Bitcoin was up 1.25% up to now 24 hours, buying and selling at $91,642.13, whereas altcoins had been additionally within the inexperienced, in line with knowledge from CoinMarketCap. XRP rose by 10.17% and eventually crossed the $1 value degree and is at the moment buying and selling at $1.17, gaining 101.97% up to now week and reaching a market cap of $66.56 billion. In the meantime, PNUT is buying and selling at $1.66, up 1.57% over the previous day. Over the previous seven days, the altcoin has surged 354.29%, giving it a market cap of $1.66 billion.

HBAR, OM, and XLM kind an uptrend

HBAR is up 40.95% up to now 24 hours and is buying and selling at $0.1208, giving it a market cap of $4.55 Billion. The cryptocurrency has gained 120.29% up to now week and 129.51% up to now 30 days. Moreover, as of this writing, OM is buying and selling at $4.19, up 26.91% up to now day. The altcoin has elevated in value by 201.61% up to now 30 days, reaching a market cap of $3.77 billion.

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Lastly, XLM has outperformed the broader digital asset market over the previous week, surging 22.23% up to now 24 hours to commerce at a value of $0.2482 and a market cap of $7.43 billion. The altcoin additionally gained a major 156.23% over the previous 30 months.

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