5 Next Cryptocurrency To Explode: Which New Altcoins Will Skyrocket in 2023?

The overall feeling in the market is surprisingly negative, and cryptocurrency prices have been fluctuating for a while, including Bitcoin (BTC).

Surprising trends unfold in the crypto market as several digital assets experience notable price fluctuations, including Bitcoin (BTC). From surpassing its all-time high to new meme coins joining the scene, here’s a closer look at the top crypto gainers today.

Bitcoin Surges Past All-Time High, ETH Attempts To Consolidate Above $3,300

After a period of consolidation, Bitcoin (BTC) price Surges Past All-Time High,rallying to a new high of $98,453.70 on Saturday, a 3.05% increase over the past 24 hours. BTC’s price surged past its previous all-time high of around $69,000 set in November 2021.

However, the market encountered a downturn on Friday as several digital assets, including Bitcoin, experienced losses following the U.S. Personal Consumption Expenditures (PCE) Price Index, which serves as the Federal Reserve’s preferred inflation gauge, rising by 5% year-over-year in October, exceeding economists’ projections. This ultimately led to a downturn in crypto prices.

Despite the bearish trends, several cryptocurrencies managed to post gains on Saturday. A closer look at the top gainers reveals their performance over the past 24 hours.

Top Crypto Gainers Today

1. Lido DAO (LDO) price rose by 32.13% to reach $1.58. Closely observing LDO’s price movements reveals a bullish trend, as it surged past its 200-day simple moving average (SMA) by 8.38%. This digital asset outperformed 97% of the top crypto gainers.

Lido DAO is a decentralized autonomous organization that offers staking infrastructure for multiple blockchains. Its most notable feature is its liquid staking solution for Ethereum, which allows users to stake ETH and receive stETH tokens. These tokens represent staked ETH and rewards, providing users with the flexibility and liquidity that traditional staking lacks.

2. UNUS SED LEO (LEO) price also experienced a slight increase over the past week, rising by 3.05% to reach $8.09. Despite the strong price performance, liquidity remained limited, with a volume-to-market cap ratio of 0.0023 and a 24-hour trading volume declining by over 50% to $939.17K. However, market sentiment was bullish, with a Fear & Greed Index score of 79 (Extreme Greed), indicating growing investor confidence.

3. Pepe Unchained (PEPU) is a new Pepe-themed meme coin that has generated massive hype during its presale, which began on November 15 and will last for 50 days. The presale has already managed to amass $53 million, with investors showing great interest in acquiring PEPU tokens.

This meme coin, designed to upgrade the original Pepe coin, also features its own Layer 2 blockchain to overcome Ethereum’s limitations. This innovative approach ensures faster transaction speeds and significantly lower fees. As the name suggests, Pepe Unchained aims to “unchain” the coin from the slower and more costly network of Ethereum.

4. Echelon Prime (PRIME) token, which powers the gaming ecosystem behind the Sci-Fi card game Parallel, also gained attention this week. Over the past seven days, the price of PRIME has risen by 9.30%, reaching $9.52. Its liquidity has also improved, with a market cap-to-volume ratio of 0.0794, indicating steady growth in this digital asset.

5. Fasttoken (FTN) price also showed resilience in a recent bearish trend, surging by 17.80% over the past month to reach a new price of $3.14. This comes despite a slight bearish trend on its daily and weekly charts. This recent surge highlights its role within the Bahamut blockchain, an EVM-based layer-1 network.