As Bitcoin takes a step back, dipping below key levels, the spotlight shifts to altcoins and exchange tokens making significant moves.
While BGB rides on its sustained momentum from regulatory wins, ALCH sparks interest with innovative updates in the AI sector. The rebranding of Chainbounty signals strong whale participation in cybersecurity, adding to its intrigue. Let's delve further!
Hive (HIVE)
Price Change (24H): +16.37% Current Price: $0.6141
What happened today HIVE has been listed in the Innovation and Layer1 Zone on Bitget, with trading available starting 2025-01-07. Hive operates on a Delegated Proof-of-Stake (DPoS) consensus mechanism, offering users a decentralized social network where they can share content, vote, and earn rewards without censorship or intermediaries. The listing coincides with a completed Falling Wedge pattern breakout, indicating a bullish reversal with a target price of $1.06 (potential 175%+ gain). This listing and breakout have made HIVE a top pick for traders.
Market Cap: $307.51M 24-Hour Trading Volume: $887.84M Circulating Supply: 500.74M HIVE
Swarms (SWARMS)
Price Change (24H): +7.95% Current Price: $0.4747
What happened today Binance Futures launched perpetual contracts for SWARMS with up to 75x leverage, increasing interest and trading activity. Upcoming features for the $Swarms marketplace were announced, including auto-generation and monetization of agents, token integration for transactions, and cloud API launches. These updates position SWARMS as a prominent player in automation and collaborative ecosystems, further driving market enthusiasm.
Market Cap: $474.73M 24-Hour Trading Volume: $397.81M Circulating Supply: 999.98M SWARMS
Bitget Token (BGB)
Price Change (24H): +3.98% Current Price: $6.45
What happened today Bitget Token (BGB) continues to rise following its 813% growth in 2024. This surge is fueled by Bitget's licensing achievements, including a Bitcoin Service Provider (BSP) licence from El Salvador's Central Reserve Bank. This licence enables fiat-to-Bitcoin exchanges, payment solutions, and custody services. Further developments include applications for broader digital asset licences in El Salvador and expansion into Europe, aligning operations with MiCA regulations. The exchange's re-entry into the UK further strengthens its position as a top exchange token.
Market Cap: $7.73B 24-Hour Trading Volume: $640.47M Circulating Supply: 1.2B BGB
Alchemist AI (ALCH)
Price Change (24H): +29.86% Current Price: $0.2136
What happened today The launch of perpetual contracts for ALCH on Binance and Bybit has driven excitement, offering up to 75x and 20x leverage respectively. Additionally, Alchemist AI introduced "Machina Foundry," a revolutionary AI Agent Builder Platform allowing users to design customizable AI agents. These agents, funded with ALCH tokens, create a flywheel effect benefiting the ecosystem through buybacks and liquidity provisions. This innovation positions Alchemist AI at the forefront of AI-powered platforms, drawing significant attention to its ecosystem.
Market Cap: $181.52M 24-Hour Trading Volume: $161.16M Circulating Supply: 850M ALCH
Chainbounty (BOUNTY)
Price Change (24H): +25.66% Current Price: $0.0878
What happened today Chainbounty, formerly Uppsala Security, has rebranded and launched with high whale holdings (93.67%). The team successfully conducted a training program for law enforcement agencies in Africa, emphasizing combating cyber threats with cutting-edge tools like Sentinel Protocol. The rebranding highlights a strategic move to increase global impact while maintaining strong whale support. The token’s strong trading activity and rebranding have boosted investor interest.
Market Cap: $44.66M 24-Hour Trading Volume: $278.71M Circulating Supply: 508.74M BOUNTY
Closing Thoughts
The market paints a dynamic picture, with a total market cap of $3.44T and significant trading volume highlighting robust activity.
Meanwhile, the Fear and Greed Index at 66 suggests a cautiously optimistic outlook, with altcoins seeing slightly increased participation. Sectors such as AI ecosystems clearly dominate the day’s narrative, showing heightened investor engagement and speculative activity.
The response from coins like HIVE and SWARMS reflects a bullish undertone, suggesting that specific developments or ecosystem growth remain key drivers.