As Bitcoin (BTC) pushes toward the $100,000 milestone, the spotlight has shifted to altcoins outside of Ethereum (ETH), which are gaining significant traction. Notably, Curve DAO (CRV), Memecoin (MEME), LayerZero (ZRO), and Trust Wallet Token (TWT) have captured the attention of crypto whales, offering strong potential for explosive growth.
Altcoin Market Hits New Highs as Whales Move In
The TOTAL3 Index, which tracks the market value of altcoins excluding Ethereum, has returned to its all-time high of $1.1 trillion, signaling growing interest in mid- and small-cap altcoins. This renewed interest is driven by both retail and institutional investors seeking higher returns in a dynamic market environment.
For instance, Curve DAO (CRV) has emerged as a favorite among large investors. According to historical data from Santiment, a sharp increase in whale activity around CRV often correlates with heightened volatility. Over the past week, CRV surged by over 50%, trading at $0.77 as of December 3. With a fully diluted market cap of $2 billion and daily trading volumes exceeding $1.2 billion, CRV’s momentum appears strong.
NFT-Powered Memecoin Draws Attention
Memecoin (MEME), an NFT-focused project backed by the 9GAG community, has also piqued whale interest. With a fully diluted market cap of $1.1 billion and nearly 1 million holders, MEME has demonstrated impressive resilience. Following a correction phase, MEME has formed a significant reversal pattern, gaining over 6% in the last 24 hours to trade at $0.0164.
As Binance-listed MEME continues to grow, its strong community backing makes it a standout among newer altcoins.
LayerZero and Trust Wallet Tokens Lead the Way
LayerZero (ZRO), a blockchain interoperability protocol, has caught the attention of crypto whales with its recent breakout from a consolidation phase. With a market cap of $688 million and daily trading volumes exceeding $790 million, ZRO has entered a price discovery phase, showcasing strong upward potential.
Similarly, Trust Wallet Token (TWT), supported by Binance, has solidified its position as a leading Web3 wallet with millions of global users. With a fully diluted market cap of $1.3 billion and daily trading volumes of $66 million, TWT gained over 11% in the past 24 hours, reaching $1.30. Its robust growth trajectory is fueled by increased demand from institutional and retail investors alike.
What’s Next for the Altcoin Market?
As Bitcoin edges closer to $100,000, the altcoin market continues to offer substantial opportunities for growth. With whale activity surging around projects like CRV, MEME, ZRO, and TWT, these tokens remain at the forefront of investor interest. Turkish NY Radio will keep tracking these developments as the altcoin market continues its bullish journey.
