Tornado Cash (TORN), Orbit (GRIFT), and AiXBT Surge Amid Renewed Market Interest in Innovative Assets

The cryptocurrency market is buzzing with the significant surge of three standout altcoins: Tornado Cash (TORN), Orbit (GRIFT), and AiXBT.

Three altcoins experienced significant surges in the past 24 hours, capturing the attention of traders and investors in the cryptocurrency market.

Tornado Cash (TORN) soared by an impressive 90%, sparking interest due to its focus on privacy and anonymity in crypto transactions. The recent presidential pardon of Ross Ulbricht, the creator of Silk Road, and his release from prison after serving a sentence for narcotics trafficking could have positive implications for privacy-oriented crypto projects.

During the Ulbricht administration, several initiatives faced sanctions and crackdowns, which could now be revisited. However, it is crucial to note that while Tornado Cash is designed to enhance privacy, it has also been linked to illicit activities, such as money laundering, which may factor into any upcoming discussions.

Kicking off the session at $7.95, TORN ascended rapidly to a peak of $25.48 before pulling back to trade around the $15.31 level. This price movement showcases the volatility in the asset, which surged in both directions.

After initially breaking the $7.95 support, the asset began to build momentum, pushing it to test higher levels. The $10.00 level, which acted as resistance earlier, turned into a crucial psychological support. However, the price faced strong selling pressure at the $25.00 zone, limiting further advances.

Orbit (GRIFT) also had an impressive session with a 54% surge, reaching a high of $0.1813 before pulling back slightly.

This growth was accompanied by robust trading volume, which exceeded $83 million, propelling the token into the spotlight. Its market capitalization hit $148.3 million, reflecting the token’s growing popularity.

GRIFT, the native token of the Orbit project, powers a multifunctional DeFi platform that combines advanced artificial intelligence and blockchain technology to deliver more secure, transparent, and efficient financial services.

One of Orbit’s standout innovations is the “Orbit Agent,” an AI-powered tool that provides users with automated asset management services. This agent can dynamically adjust investment portfolios based on market conditions and users’ risk preferences, enabling smarter and more efficient investing.

Additionally, Orbit supports interaction with over 116 blockchains and integrates 178 DeFi protocols, facilitating cross-chain transactions and enhancing the user experience.GRIFT began the session at $0.12, displaying strong buying interest throughout the rally. The primary support at $0.12 remained intact for most of the rally. Resistance at $0.18 was tested but not surpassed. The chart suggests the asset may be consolidating before attempting another breakout.

AiXBT Surges Again Amid AI Investment News

Continuing its rally, AiXBT surged by 40% in the past 24 hours, as the AI narrative remained strong amid new developments and government initiatives.

The AI agent, developed within the Virtuals Protocol ecosystem, specializes in delivering market intelligence for cryptocurrencies. It autonomously monitors market trends and analyzes data from over 400 key opinion leaders (KOLs) to detect emerging narratives in real time.

Recently, AiXBT has gained substantial traction on the X platform due to its ability to provide timely and accurate crypto market analyses.

Moreover, the announcement of a $500 billion U.S. government initiative to bolster AI infrastructure has fueled interest in AI-related tokens, including AiXBT.

The token’s price fluctuated between $0.5989 and $0.8799 during this volatile period. Commencing the day at $0.59, AiXBT displayed strong buying momentum, breaking through previous resistance levels to reach an intraday high of $0.8799.

Trading volume also surged, exceeding $559 million, indicating massive investor interest, while its market capitalization climbed to $727 million, solidifying AiXBT as a key player in the AI sector.

The continuation of this bullish trend will depend on trading volume and price action near critical levels. If AiXBT can break the 0.88 resistance, it could aim for the 1.00 mark.

However, if the price encounters selling pressure at critical levels, support will be crucial for price stabilization in the event of a correction, with 0.75 and 0.65 acting as potential support zones.