Over the last 24 hours, layer 1 blockchain Alephium (ALPH) saw its native token surge nearly 20% higher against the broader crypto market.
The project offering an alternative take on Bitcoin’s UTXO model with a twist now trades up an eye-popping 67% in just the past two weeks. With buzz heating up around the space amidst major moves from rival Kaspa, ALPH may just be getting started per developers and investors.
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All-Time Highs After 7200% Bottom Bounce
ALPH catapulted over 7200% from its all time low in Jan 2023 to register all-time highs today above $3.50. And with positive momentum surfing across the board, another leg toward $5 comes into view.
For comparison, top rival Kaspa notched ‘only’ a 2190% bounce year-to-date. With fundamentals firming and inflation rates reduced in its tokenomics revamp, Alephium now plays catchup with some industry support already waiting in the wings.
Technical and Fundamental Stars Align
Beyond raw price action, Alephium continues to gain traction around its novel UTXO design, meeting the crypto trilemma’s demands on decentralization, security, and scalability.
ALPH currently has a market cap of $242 million, with an 18% surge in market cap in the last 24 hours. ALPH is up by 45% in the last seven days and 120% in the last 30 days.
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Show more +With transaction volumes accelerating and staking activity on the rise, real adoption appears right around the corner. And shifted inflation dynamics may help tame ALPH’s historical volatility spikes as developer excitement builds.
Sparking the next altseason extends beyond rockets and rainbows, though – only sustained blockchain usage can prevent the fate of passing fads. On that metric, Alephium’s technology shows early glimpses of standing on its own merits.
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