In the wake of Bitcoin’s momentary surge past $94,000 following Trump’s Crypto Strategic Reserve announcement, several altcoins have been making waves in the market.
Onyxcoin (XCN) is soaring on the hype around its Goliath Mainnet launch, while Solayer (LAYER) has caught the attention of whales accumulating millions of dollars worth of tokens. Meanwhile, Bitcoin Cash (BCH) is showing signs of an imminent breakout, and Fartcoin (FARTCOIN) has baffled traders with an unexpected surge. Despite the broader bullish sentiment, Bitcoin has slightly retraced, cooling off after its explosive rally.
Onyxcoin (XCN)
Price Change (24H): +18.98% Current Price: $0.01899
What happened today
]Onyxcoin](https://yellow.com/asset/xcn) has surged over 30% in the last 24 hours following a breakout and growing excitement around the anticipated launch of the Goliath Mainnet today, March 3, 2025. The launch is expected to introduce enhanced scalability, security, and new DeFi capabilities. Additionally, XCN has broken out of a falling wedge pattern at the $0.015 level, leading investors to watch key resistance levels at $0.027 and $0.036. If the bullish momentum continues, a 76% surge could be possible.
Market Cap: $619.09M 24-Hour Trading Volume: $287.09M Circulating Supply: 32.59B XCN
Solayer (LAYER)
Price Change (24H): +17.36% Current Price: $1.02
What happened today
LAYER has been trending due to significant whale activity on the Solana blockchain. A whale purchased 6 million LAYER tokens worth $5.74M, making them the sixth-largest holder of the asset. Speculation is rising over the potential impact of these large buys, especially as multiple wallets withdrawing SOL from Binance have exclusively been acquiring LAYER. Additionally, LAYER trading is now available on Bitget Spot, increasing accessibility for investors.
Market Cap: $215.56M24-Hour Trading Volume: $394.85M Circulating Supply: 210M LAYER
Fartcoin (FARTCOIN)
Price Change (24H): +7.45% Current Price: $0.3246
What happened today
Fartcoin has shown an unusual price surge, with speculation rising among traders about the reasons behind it. The coin jumped 37% within 30 minutes, leading to a massive increase in trading volume from $300K to $1.2M. No clear announcements or partnerships have been identified as the cause of this rally, making it a speculative trade at this point. Analysts warn that Fartcoin's price history suggests potential volatility and a sharp correction.
Market Cap: $324.69M 24-Hour Trading Volume: $215.53M Circulating Supply: 999.99M FARTCOIN
Bitcoin Cash (BCH)
Price Change (24H): +0.86% Current Price: $341.16
What happened today
Bitcoin Cash is reportedly setting up for a major breakout, with analysts pointing to higher lows and increasing volume as indicators of a strong uptrend. Crypto analyst Javon Marks predicts BCH could hit $1,500 as the next critical target, with a potential long-term move to $3,750. Long-term accumulation by investors has been noted, and if buying pressure continues, BCH may see an explosive move soon.
Market Cap: $6.76B 24-Hour Trading Volume: $613.97M Circulating Supply: 19.83M BCH
Bitcoin (BTC)
Price Change (24H): -4.09% Current Price: $89,501.34
What happened today
Bitcoin initially surged past $94,000 after Donald Trump announced the U.S. Crypto Strategic Reserve, which includes BTC, ETH, XRP, SOL, and ADA. However, the price has since retraced, with spot demand remaining strong. Experts predict Bitcoin ETFs will continue to dominate institutional investment, keeping BTC as the preferred digital asset. Analysts believe the Bitcoin rally is organic and spot-driven, with futures open interest declining.
Market Cap: $1.77T 24-Hour Trading Volume: $65.69B Circulating Supply: 19.83M BTC
Closing Thoughts
Investor activity today has been highly sector-driven, with layer-1 blockchain projects like XCN and LAYER seeing strong demand, indicating renewed interest in network upgrades and ecosystem expansion. The whale accumulation of LAYER suggests that smart money is moving into Solana-based assets, while Bitcoin Cash’s breakout pattern indicates growing interest in store-of-value alternatives.
Meanwhile, the sudden spike in Fartcoin highlights how meme coins remain highly speculative and community-driven, though their sustainability remains uncertain. With Bitcoin experiencing a healthy pullback, it’s clear that traders are cycling profits into mid-cap altcoins, positioning themselves ahead of potential breakouts in lower-cap projects.