Altcoins Show Strong Performance as Market Turns Bullish
The crypto world is buzzing with activity as altcoins experience a noteworthy surge.Despite the crypto market facing a slight decline on June 12, with a 2.44% drop in total market cap, the altcoin market has shown resilience. Investors are increasingly optimistic about altcoins, sensing the start of an altcoin season.
Memecoins and DeFi tokens are leading the charge. Among these, Kaia is shining radiant with a 60% weekly gain. This Korean DeFi project announced it will launch a stablecoin linked to the Korean won, attracting traders due to South Korea’s crypto-friendly environment.
AB token also gained 34.84% after its Binance Alpha listing and a massive 115 million token airdrop. Uniswap, the leading decentralized exchange, rose 25.23% thanks to positive DeFi regulation signals from the U.S. Securities and Exchange Commission.
On the memecoin front, Solana-based Fartcoin gained 49% following its Coinbase listing, though it has since dipped 4%. SPX6900 is up 46%, driven by whale accumulation. Any trader interested in these tokens should monitor these developments closely.
