Despite a bearish market sentiment, several altcoins have posted impressive gains, with Bitcoin Gold (BTG), Pups (PUPS), and Arcblock (ABT) recording double-digit surges. Meanwhile, Bitcoin (BTC) and Ethereum (ETH) continue to struggle to sustain the $86,000 and $2,200 levels, respectively.
Altcoins Defy Market Downturn
The broader crypto market remains under pressure, but BTG, PUPS, and ABT have stood out among the top gainers. According to CoinGecko’s latest data, these three tokens have seen notable price spikes despite a lack of major fundamental developments.
Bitcoin Gold (BTG) Rallies Nearly 50%
BTG has surged by close to 50% in the last 24 hours, climbing from a low of $2.55 to a high of $3.95. While the coin has lost 87% in the past year and 35% in the last 30 days, it appears to have reversed its downtrend with this latest rally. However, there are no major announcements or technical upgrades that can directly explain the sudden price pump.
PUPS Gains 35% Amid Bitcoin Chain Hype
PUPS, a meme coin built on the Bitcoin chain, has surged by 35%, rising from $0.02137 to $0.03012. The rally appears to be driven by growing speculation around Bitcoin AMM platform OdinFun, which some analysts predict could redirect market attention to older Runes like DOG, PUPS, and RUNECOIN.
Arcblock (ABT) Jumps 32% on Market Momentum
ABT recorded a 32% surge, briefly hitting $1.04 before retracing to $0.9895. The coin has been gaining traction on CoinMarketCap’s “Top Made in America Tokens by Market Capitalization” list, with its team emphasizing its 100% U.S.-based origins. This renewed exposure may have contributed to its price jump.
Will the Momentum Hold?
While the broader market struggles, BTG, PUPS, and ABT have shown resilience, attracting attention from traders looking for short-term gains. Whether these rallies are sustainable or speculative price spikes remains to be seen, but market watchers are keeping a close eye on Bitcoin’s performance, as a breakout or further downturn could impact these altcoins’ trajectories.
