Altcoin market rallies 24% after dropping 50%, smaller caps outperform heavyweights
From Yahoo Finance: 2025-04-29 12:12:00
After dropping nearly 50% from local highs to $842 billion, the altcoin market has rallied 24% in the last three weeks, now at $1.04 trillion. Ethereum underperformed, leading to a shift favoring smaller caps over heavyweight coins. Altcoins are showing signs of life after a brutal period.
DogWifHat ($WIF) gained 56%, but is still down 85% from all-time highs. Virtuals Protocol ($VIRTUAL) rose 62% this week, with the AI token space seeing a broader bounce. Bitcoin SV ($BSV) surged 60% in a day, but volume concentration on one exchange raises concerns about sustainability.
Sui ($SUI) jumped 64% steadily over the week, now only down 35% from its all-time high. Official Trump ($TRUMP) surged over 70% after Trump’s announcement of a dinner for top holders, though it’s still down over 80% from its peak. Altcoins are waking up, with a shift in momentum worth monitoring.