#AltcoinSeasonLoading Today, Saturday, May 10, 2025, the altcoin market is showing mixed signals amidst Bitcoin's push above $104,000. Here's a summary of some of the key news and developments:
Market Overview:
* The global cryptocurrency market cap stands at approximately $3.42 trillion, down by 0.63% in the last 24 hours.
* Bitcoin has broken the $104,000 mark, signaling a potential continuation of the bullish trend.
* Ethereum has also seen significant gains, rising over 20% in the past couple of days.
* Many meme coins are experiencing even larger gains, suggesting a possible new bull run or the start of an "altcoin season."
Top Altcoin Movers and News:
* Solaxy (SOLX): This Web3 infrastructure development project is gaining attention as it prepares to launch a Layer 2 solution aimed at enhancing Solana's capabilities. Its ongoing token presale has already raised a substantial $34 million, setting a record for Solana ecosystem fundraising. Successful launch could significantly boost its value.
* Virtuals Protocol (VIRTUAL): This AI agent deployment hub operating on both Base and Solana networks has shown remarkable momentum, delivering 45% returns in just over 24 hours. Its market capitalization is around $1.31 billion.
* Pepe (PEPE): This meme coin, which played a significant role in the recent meme token resurgence, is positioned for potential gains, especially if Ethereum's upward trend continues, considering the upcoming Pectra upgrade for Ethereum.
* Pi Network (PI): While showing multiple buy signals, its rally is currently facing resistance under $0.80. The Pi Network team has teased a major announcement scheduled for May 14th, which is generating speculation and interest among traders.
* Dogecoin (DOGE): After breaking above $0.20, Dogecoin saw some upward movement, mirroring a broader bullish wave in the market influenced by a trade agreement between the US and the UK. This move triggered around $13 million in liquidations.
* XRP: Ripple and the SEC have reached a $50 million settlement agreement, pending judicial approval. A joint motion ai
