$BTC

These cryptocurrencies are significantly strengthening thanks to Bitcoin! Do they still have growth potential?

Bitcoin has surpassed 118,000 dollars and Ethereum is also rising due to institutional investors and upcoming upgrades. Which other digital assets are performing well right now?

Bitcoin is breaking records and today exceeded the 118,000 dollar mark, causing altcoins to rise across the cryptocurrency market. Cryptocurrencies, especially from the meme coin and DeFi sectors, have recorded gains in the tens of percent.

This trend was aided by Ethereum, which exceeded the 3,000 dollar mark. Its growth is driven by demand from institutional investors and expectations of future upgrades.

Within the Solana ecosystem, among the top-performing meme coins are Popcat (POPCAT) and dogwifhat (WIF), which strengthened by more than 15%.

Other meme coins that registered double-digit percentage increases include Brett (BRETT) on Base, Snek (SNEK) on Cardano, and MOG Coin (MOG) on Ethereum.

Positive sentiment was not only present among smaller tokens. Pudgy Penguins (PENGU), a project with roots in the NFT space, grew by more than 30%.

On-chain data shows significant whale accumulation of PENGU, with its performance driven by increased demand from investors in South Korea and speculation about a potential ETF application for PENGU.

Another meme coin, Banana For Scale (BANANAS31), recorded an increase of more than 26%. This rise is a result of increased trading volume that pushed it to a new all-time high.

Growth in the DeFi sector

In addition to speculative bets on meme coins, investors are also interested in DeFi tokens. Euler (EUL), a lending protocol, has seen its token price increase by more than 12% to a new high.

This occurred after Euler was included in BlackRock's tokenized asset fund, BUIDL, and after the announcement of its upcoming EulerSwap on Unichain.

follow me -)