Bitcoin rose nearly 6% over the past 24 hours, and Ethereum gained approximately 22% over the past week, significantly increasing market interest in altcoin rotation. Foreign media, citing analyst insights, noted that capital is indeed flowing back into altcoins, but the market has not yet entered a broad-based expansion phase.
HYPE, ZEC, and TAO are gaining attention
The report noted that Hyperliquid’s HYPE token rose approximately 16% in a single day. Analysts have listed it as one of the most promising altcoins, citing its strong position in the perpetual contracts trading space, along with its revenue performance and tokenomics.
Zcash (ZEC) is considered one of the more actively traded assets currently. The coin rose approximately 16% over the past week, with its price briefly nearing $560. Bittensor (TAO), after trading sideways near $190 for about a month, has moved toward $210, with analysts suggesting its short-term breakout is still ongoing.
PUMP, Venice, and NEAR are showing signs of catch-up growth.
The Pump.fun token PUMP has risen approximately 29% over the past week and about 87% over the past month. The article suggests that such meme coins still attract significant capital, but after sharp short-term gains, volatility tends to increase accordingly.
Two other AI-related tokens mentioned are Venice and NEAR. The report notes that Venice’s price is around $14, still approximately half its previous high. NEAR has seen relatively limited gains during this period and is considered one of the potential candidates for catch-up movement in this rotation.
The altcoin season indicator has not yet been confirmed.
Overall data suggests signs of warming in the altcoin market. According to CryptoQuant, approximately $215 billion flowed into the altcoin market over three days; Glassnode reported that about 85% of altcoin funding rates are now above their respective averages.
However, market signals are inconsistent. The article notes that the total cryptocurrency market capitalization is approximately $2.65 trillion, slightly declining by 0.89% over the past 24 hours; Bitcoin’s market share has risen to 59.81%. Meanwhile, the Altcoin Season Index stands at 39, still significantly below the typical confirmation threshold of 75, suggesting that the current movement is more of a rotational shift rather than broad-based gains.