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The first month of spring brought new successes for well-known cryptocurrencies. Bitcoin (BTC USD) broke the record for All-time high price (ATH) and the top coins showed an increase in capitalization. However, the biggest crypto movers this month were young coins that managed to ride out the wave of 2024 bull market hype.
Core (CORE-USD)
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March 2024 was an outstanding time for core (CORE USD), who not only managed to cross the $0.7 mark, but also run at the top $2. At a time when other cryptocurrencies were experiencing a recession, the token increased its capitalization and price. The March investment doubled so quickly that it was above it on April 2nd $4. This month’s biggest crypto movers are watching the rapid rise in awe 288% in the last 30 days.
Core’s strong fundamentals contributed to its gains during the period of volatility. The project has launched the coreBTC initiative, which enables connection Bitcoin (BTC USD) to the core chain. With BTC transactions currently booming, investors have been quick to recognize and fund the platform. The Core Chain can combine the reassuring reliability of Bitcoin with the mobility benefits of decentralized finance (DeFi).
Prices are rising due to positive expectations and the project has reasons to continue its upward trend. The introduction of non-custodial Bitcoin staking follows the coreBTC initiative. With this feature integrated, investors will have a passive asset multiplication tool and the platform will see an increase in total block value (TVL). This, in turn, will help demand for CORE dominate oversupply and increase the price of the digital asset.
This first-level blockchain protocol approaches its development strategically and plans to expand in multiple directions. An incentive program for the BTCfi ecosystem and the use of a unique consensus mechanism (“Satoshi Plus”) are the tip of the iceberg. By increasing the utility of the core network, the project can establish itself among the top crypto ecosystems.
Jupiter (JUP-USD)
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The recent bull market has lifted a large number of people Solana (SOL USD) tokens and Jupiter (JUP-USD) is one of them. The token only appeared on the radar of crypto enthusiasts in 2024, but the project has a three-year history in the blockchain space, having started as a token exchange aggregator. Now the project aims to solve the problems usually associated with DEX.
A lot of time can pass between the initiation of a transaction and its execution on decentralized platforms, and traders never tire of complaining about the losses involved. By working on the slippage problem, Jupiter can change this situation and offer users favorable conditions. The platform uses Keeper nodes to execute orders. The agreed price therefore remains unchanged.
Traders also appreciate the cost-effectiveness of using Jupiter as commission is only charged for regular Automated Market Maker (AMM) transactions. With this attractive solution, the platform managed to quickly build a customer base of large retailers.
These benefits led to a surge in JUP usage, exceeding daily trading volumes 200 million dollars last month. Within 30 days, the token increased its market capitalization from $800 million 2 billion dollars and moved into the 57 Place in the ranking according to this indicator. At the beginning of the year it was possible to buy this coin for $0.5, but the stunning jumps in mid and late March sent it plummeting $1.5. As one of the biggest crypto movers this month, JUP has gained 169% over the last 30 days and has performed exceptionally well in the spring crypto rally.
Dogwifhat (WIF-USD)
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Dogwifhat (WIF-USD) is becoming increasingly popular online due to frequent mentions on social media and active community participation. The meme coin with the image of a Shiba Inu puppy in a pink hat won the hearts of crypto enthusiasts. And the lack of utility did not prevent the token from becoming one of the most effective in 2024.
There are moments in WIF’s market cap growth history that can be described as miraculous. This includes the first increase in early 2024, when the project went from $0 to $10,000 100 million dollars within hours. The period since the end of February is also incredible, as the young cryptocurrency’s daily trading volume could exceed 1 billion dollars. Amid this excitement, crypto enthusiasts funded a campaign in mid-March to project a dog hat onto the Sphere in Las Vegas. The result exceeded expectations and even those who had never bought cryptocurrencies started talking about the meme coin.
This SPL token does not offer complicated staking schemes or burning mechanisms, but Dogwifhat wins over audiences with its clarity and transparency. The largest crypto movers’ ecosystems are largely filled with utility features this month, but often cannot keep up with WIF’s growth rate. Uniqueness and identity led the coin to a price level of $3.68 and a monthly growth rate of 167%.
At the time of publication, Julia Magas did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to those of InvestorPlace.com Publishing Guidelines.