May started cautiously but actively in the alternative cryptocurrency markets. The market cap increased by 12 billion dollars in the past twenty-four hours, indicating that investors are starting to show interest again. In this stable yet recovering environment, some altcoins managed to stand out. Particularly Worldcoin ($WLD ) and Akash Network (AKT) and MANTRA (OM) have entered the investors' spotlight.
Worldcoin, backed by Sam Altman, has become a hot topic once again. The company officially launched in six major cities in the United States under the name World — Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. Not only that, but the platform also partnered with payment giant Visa to launch a card branded with World. This move aims to attract more users' attention towards the project.
One of the standout altcoins today is Akash Network (AKT). It rose by 24% in the past twenty-four hours, reaching 1.71 dollars. The most striking data is the explosion in transaction volume: the volume increased by 291% to reach 251 million dollars, showing how heightened investor interest is.
On the other hand, the MANTRA token ($OM ) paints a negative picture today despite being 'trendy'. The token, which hit its lowest level in 13 months at 0.37 dollars on April 13, has yet to recover. The relative strength index (RSI) is still in the overbought territory and is struggling to break out of this zone.
This shows that sellers are still strong and buyers are not entering enough. If this pressure continues, OM may return to 0.37 dollars. However, if the market recovers and interest increases, OM could jump to 0.60 dollars. The risks are high, but the potential should not be ignored.
