The 3 Altcoins that Surprised the Market this Week: Onyxcoin, Morpho, Dogecoin

This week, the cryptocurrency market saw some unexpected moves from three altcoins: Onyxcoin, Morpho, and Dogecoin. These tokens grabbed the spotlight with their impressive performance and surprising developments. Let’s explore how they managed to surprise the market and what makes them stand out this week.  

The Top Performing Altcoins that Surprised the Crypto Market this Week

XRP has captured the attention of the cryptocurrency market as it enters a price discovery phase, a milestone it hasn’t reached since 2017. This development comes amid significant price movements and market activity, marking a potential turning point for the altcoin.

For only the second time in its history, XRP has achieved three consecutive months of green candles. The last time this occurred was during the March to May 2017 rally. However, analysts note that the current streak carries greater significance due to the broader market conditions and XRP’s performance in recent months.

Adding to the excitement, XRP has achieved a new all-time high on select exchanges, reflecting strong investor demand. Yet, the market awaits confirmation of a clear all-time high, which will only be validated if XRP breaks past the $3.40 price level.

This series of achievements highlights XRP’s growing momentum and its potential to redefine its position in the crypto space. With that in mind, let’s take a look at the top three altcoins that have also taken the crypto market by surprise.

1. Onyxcoin (XCN)

Onyxcoin, the governance and utility token for the Onyx Protocol, saw a remarkable price rally this week. Designed to support web3 blockchain infrastructure, Onyx Protocol allows organizations to issue, transfer, and control assets on interoperable blockchain networks.

Meanwhile , the price of XCN today is $0.005513. The token recorded a 64.48% increase in the past 24 hours and a staggering 101.24% rise over the last seven days. Its 24-hour trading volume surged by 835.80%, reaching $190.9 million, reflecting growing investor interest.

Onyxcoin’s ability to revolutionize financial services and its robust market performance make it one of the standout altcoins this week.

2. Morpho (MORPHO) 

This week has been a great week for Morpho so far. With its new innovative features such as Morpho Vaults, the lender and borrower of the platform is empowered with the efficient platform; which enables them to deploy assets and earn yields at the same time.

MORPHO is priced at $4.01 and the last 24 hours showed a 40.82% growth outburst while in the last week an impressive 33.45% gain was achieved. This upsurge is also depicted through the increase in the trading volume which over the 24 hour period saw a 244.7 growth to a hefty figure of $244.7 million, hinting towards a strong influx in market activity.

Morho’s aim of trying to build users a smooth and durable platform continues to meet the audience’s demands.

3. Dogecoin (DOGE) 

The market’s favorite mean coin has received the most entertaining surge over the last week, thus, piquing investor’s attention. Large scale whales amassed 200 million $DOGE in only 48 hours. This was roughly worth $83 million and hints towards the coin’s further sentient potential.

Currently priced at $0.4154, the last 24 hours saw an impressive surge of 12.39% while within a week’s time a 23.46% increase was achieved. With a market cap of $61.35 billion and a trading volume of around $5.7 billion dollars for 24 hours, Dogecoin significantly outperformed both the global average and its competitors in the smart contract platform sector.

Increased attention over its long-term potential and strong motives from the big players explains part of the recent push.