Altcoin Performance

                                      

v The month of September to December proved bullish for digital assets, driven by the victory of pro-crypto candidate Donald Trump in the 2024 US presidential elections. This development propelled Bitcoin (BTC) to a record high of $110,000. Among cryptocurrencies.

v Virtuals Protocol surged by 8000% in Q4 2024. The AI and Metaverse platform gained traction with increasing adoption of its AI-driven virtual environments.

v Trailing Virtuals, the Solana-based meme coin Fartcoin (FARTCOIN) recorded a 2191% gain, reaching $1.45 and attaining a valuation of $1.45 billion. This placed it ahead of 939 companies listed on the Russell 3000 Index.

v Other notable performers include Pudgy Penguins (PENGU), which gained 580%, and Hyperliquid (HYPE). 

 

v The second half of the top 10 altcoins includes Hedera (HBAR), SPX6900 (SPX), Stellar (XLM), XRP, and Curve DAO Token (CRV), with respective gains of 457%, 405%, 386%, 356%, and 277%.

v The weekly chart provided by TradingView below shows that the altcoin rally is gradually picking up pace again as the Relative Strength Index (RSI) reads a value of 64.90 which means that the buying pressure is still quite high and the chances of the resumption of the uptrend are high. The gradient of the line also suggests upward momentum in the near future.