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Cryptocurrency News Articles
Recovery of Altcoins Follows Bitcoin, Increasing the Total Crypto Market Cap
Apr 08, 2025 at 04:48 pm
This article introduces several altcoins like LINK, SOL, ONDO, DOGE, PEPE, TRUMP, and CAKE that are showing a mild bullish recovery.
Broader altcoins are showing a mild bullish recovery following Bitcoin’s lead, leading to a slight increase in the total crypto market cap.
However, there is still reduced fear of capitulation despite U.S. tariff concerns against China.
Several altcoins including LINK, SOL, ONDO, DOGE, PEPE, TRUMP, and CAKE are showing potential for gains.
The broader altcoin market has started to recover in the past 24 hours following Bitcoin’s lead in a modest upward move.
The total crypto market cap rose by about 2% to reach around $2.6 trillion during early trading hours in London on Tuesday.
U.S. President Donald Trump’s administration has threatened tariffs against China, which could negatively impact global market sentiment.
However, some of the countries affected by the U.S. tariffs are now opening up to President Trump’s administration for negotiations, offering hope for improved market sentiment.
Top Altcoins to Consider Ahead
Chainlink (LINK)
Chainlink (LINK) jumped more than 11% to trade at around $11.59 at the time of writing.
The mid-cap altcoin, which has a fully diluted valuation (FDV) of about $11.5 billion, is once again testing a key support level above $10 that was established in 2024. This could be a strong signal for a continued move upward.
Solana (SOL)
Solana remains one of the most undervalued large-cap layer-1 blockchains compared to Ethereum, XRP, and BNB.
It has an FDV of approximately $65 billion and could be heading toward a breakout phase and a new price discovery cycle in the months ahead.
Ondo (ONDO)
Ondo (ONDO) is becoming more popular thanks to the growing adoption of DeFi protocols and the tokenization of real-world assets (RWA).
The mid-cap altcoin rose over 12% in the past 24 hours and is now trading at about $0.756. Its FDV stands at around $2.38 billion, showing increasing investor interest.
Dogecoin (DOGE)
Dogecoin, the leading memecoin, looks ready for a major rally based on trends from past bull markets.
DOGE rose more than 13% in the past day and is currently trading around $0.15. With an FDV of roughly $22 billion, it may be entering a phase of rapid upward movement.
Pepe (PEPE)
Even though it’s been in a short-term downtrend, the frog-themed Pepe (PEPE) token could soon stage a strong comeback.
Its daily trading volume rose 26% to about $1.2 billion on Tuesday. With an FDV of approximately $2.63 billion, market momentum may be starting to turn in its favor.
Official Trump (TRUMP)
The Official Trump (TRUMP) memecoin—endorsed by U.S. President Donald Trump—is heavily oversold on the daily chart.
After falling more than 89% from a high above $75 over the past three months, the token may be getting ready for a solid rebound in the near term.
PancakeSwap (CAKE)
PancakeSwap (CAKE) could be preparing for a significant recovery, backed by the ongoing expansion of its ecosystem and strong support from Binance.
The small-cap altcoin, with an FDV of around $498 million, has been forming a long-term reversal pattern after several years in a downtrend.
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