New Cryptos Rake in $8 Billion Weekly Volume Amid Market Rally

Amidst a vibrant crypto market, tokens introduced in 2023 or 2024 are taking center stage in the current market rally. According to Kaiko, an analytics platform, some of the best-performing tokens of this period are barely a year old.

Additionally, newly launched tokens have consistently raked in approximately $8 billion in spot volume every week since the year began. This activity surge highlights the cryptocurrency landscape’s substantial growth and dynamism.

Source: Kaiko

Bittensor stands out prominently among these tokens, currently valued at $626.24, showcasing an impressive 9.15% surge in the past 24 hours alone. With a trading volume of $27 million, Bittensor has many investors’ convinced of its potential.

Similarly, Dymension has demonstrated resilience, maintaining a price of $7.06 and experiencing a slight uptick of 0.96% in the last 24 hours, coupled with a substantial trading volume of $97 million.

Despite a minor setback of 0.24%, Pyth Network remains in the limelight with a price of $0.545186 and an impressive 24-hour trading volume of $96.4 million. Sui has also seen steady growth, reaching a cost of $1.68 and boasting a trading volume of $445.9 million, indicating a burgeoning interest among investors.

Aptos, valued at $9.30, is also on the rise, with a 24-hour volume of $156 million, showing positive sentiment among investors. Conversely, Jupiter and Sei have experienced marginal declines, priced at $0.002954 and $0.849751 respectively. Sei boasts an impressive $394.3 million 24-volume, while Jupiter seems to have been deserted, attracting just $74,174.02 in volume.

Meanwhile, Celestia has soared, recording a value of $17.48 and a significant trading volume of $137.8 million in the past 24 hours. The cryptocurrency market exhibits resilience and dynamism, with newer projects in particular benefiting from the ongoing bullish trend.