The global capital markets are witnessing a turning point—Trump announced a reduction in tariffs on China, quickly igniting investor enthusiasm. Against the backdrop of a comprehensive recovery in risk assets, Bitcoin quietly surged by 7% on the night of April 23, successfully reclaiming the $94,000 mark, marking the largest single-day increase in nearly two months.
With the strong rebound of Bitcoin, the cryptocurrency market is showing a comprehensive recovery trend. According to CoinMarketCap, the global total market capitalization of cryptocurrencies has surpassed the psychological barrier of $3 trillion for the first time since March 7. Notably, the market has seen an influx of over $500 billion in just 15 days, with mainstream altcoins like Ethereum and SOL averaging a 12% increase, perfectly mirroring Bitcoin's upward trajectory.
Currently, Bitcoin's price is only 6% away from its historical peak of $100,000 at the beginning of the year, and this approach towards a key resistance level has sparked heated discussions on social media. In the Twitter crypto community, the topic of BTC saw a 300% increase in popularity within 24 hours, with many traders sharing screenshots of leveraged long positions. Derivatives market data shows that Bitcoin futures open interest has increased by 18%, indicating that the market is accumulating new upward momentum.
1.IMX
Immutable (IMX) is currently hot in the cryptocurrency market, with a single-day increase of up to 56%. This price surge coincides with a heightened excitement around potential significant collaborations. Bitcoin's recent rise has also contributed to this increase. On April 23, IMX reached a new daily high of $0.687, nearly double its price at the beginning of the month. Currently, its market cap is approximately $1.19 billion, with trading volume surging over 890% to $479.58 million.
This move is largely driven by activity in the derivatives market. According to CoinGlass, open interest (the number of active contracts) soared overnight by 96%, reaching $54.4 million. While this includes both buyers and sellers, the rising token prices indicate that many are betting on further price increases.
The rise of IMX aligns with the overall trend of gaming-related tokens. Tokens like Gala, Sandbox, Axie Infinity, and SuperVerse have seen increases ranging from 5% to 20%. Bitcoin's recent rise to nearly $94,000 has pushed the entire cryptocurrency market back above $3 trillion, further fueling this positive trend.
In addition, Immutable's NFT network is also showing vibrant growth. In the past month, the platform's sales increased by 2.4% to $24.6 million, with the number of active buyers and sellers growing by over 50%. Overall, IMX appears to be stronger than ever.
2.BRETT
BRETT is quickly becoming one of the brightest meme coins on the Base Chain. It is the first meme coin on this evolving blockchain network, inspired by a character from Matt Furie's comic (Boy's Club). Thanks to the rapid development of Base Chain and its loyal fan base, BRETT is thriving.
What distinguishes BRETT from other meme tokens is its actual use case. It is not just a trading token; it can also be used for tipping on social platforms built on the Base Chain and plays a key role in its own DAO (Decentralized Autonomous Organization). This gives BRETT more utility, making it more than just a hype-driven token.
Although meme coins are known for their price volatility, BRETT has performed strongly recently. In just the past 24 hours, the token's value surged by 37.64%. Trading volume also increased by 89.76%. Across the market, BRETT has risen by 46.44% this week and by 31.97% in the past month.
3.POPCAT
Popcat soared by 21.47% in the past 24 hours, rising to $0.300285, once again proving the power of meme culture. As the second most promising meme coin on our current investment list, POPCAT continues to rise. Its daily trading volume reached $130 million, with an increase of 63.50%, drawing significant attention.
This Solana-based token was initially born from the viral Popcat meme that became popular in 2020; it has no practical use, but that is precisely its charm. Unlike traditional assets, it thrives purely on humor and hype. As a result, it ranks 13th among meme tokens and 10th among Solana tokens. Its strong community and infinite meme potential keep it continuously appealing.
Additionally, POPCAT's performance has been impressive. It has increased by 15% in the past week, 121.3% in the past 14 days, and 48.1% in the last month. Moreover, it boasts high liquidity, with a trading volume to market cap ratio of 0.9591 and only 20% volatility. Notably, it has maintained an upward trend for 19 out of the past 30 days.
Additionally, over the past year, it has outperformed 70% of the top 100 cryptocurrencies. While long-term growth remains uncertain, its short-term gains and viral appeal make it an ideal choice for investors seeking quick profits and meme-savvy individuals. In summary, Popcat combines meme influence, strong metrics, and viral momentum. For those eager to catch the next wave of memes, this token not only promises excitement but also potential returns, making it an absolute must-have in today's market.
