Altcoins Surge on Trump’s Israel-Iran Ceasefire Announcement — But Will the Rally Hold?
ltcoin Rally: Double-Digit Gains in Focus
$SUI (SUI) led the surge among large-cap altcoins, jumping 11.8% to $2.80. Chainlink (LINK) followed closely with a 9.7% rise to $13.04, while Avalanche (AVAX) gained 5.6%, reaching $18.04.
Solana ($SOL ) also participated in the momentum with a 7.4% uptick, trading at $144.14. Meanwhile, $XRP (XRP) gained 7.8%, climbing to $2.18—its highest level in weeks. Dogecoin ($DOGE ), riding both technical and sentiment-driven momentum, rose 6.5% to $0.1634.
This wave of recovery has reinvigorated market optimism, especially among altcoin investors who had braced for deeper corrections amid rising geopolitical tensions.
But Will It Last?
While the ceasefire news is certainly bullish in the short term, questions linger about its durability. The Israel-Iran situation remains highly volatile, and any renewed escalation could erase these gains just as quickly.