Theta, Pyth, and Stacks are strong dark horses amid today's cryptocurrency rally, emerging as the biggest gainers among the top 100 cryptocurrencies by market cap. They all follow PEPE, a memecoin that has registered a staggering 55% surge in the last 24 hours.
This surge in altcoins comes amid a cryptocurrency market rally, with the total market capitalization of all cryptocurrencies combined growing by a staggering $155 billion in the past 24 hours alone. Although Bitcoin has always been the star of the show — and is now on fire thanks to spot ETF inflows and next month's halving — Ethereum has also gained traction and institutional interest, continuing its upward trend and contributing to the overall positive market momentum.
THETA was the second best-performing token within the top 100, recording a 23% rise in the past 24 hours and a notable 73.7% rise in the past seven days. The price of the token jumped from $1.60 to $2.20 over the past 24 hours, a significant jump from its price of $1.10 seven days ago.
Theta is a layer-one blockchain and decentralized infrastructure for video and entertainment use cases and operates with two native cryptocurrencies: THETA, a staking and governance token, and TFUEL, used as fuel for all cross-chain transactions and smart contract interactions. TFUEL also saw a 7% rise over the past 24 hours, despite its market capitalization falling, going from $0.054 to $0.060.
Anticipation for EdgeCloud's upcoming Theta phase, scheduled to launch on May 1, appears to be driving this bullish sentiment. The foundation powering EdgeCloud's AI computing infrastructure has been in development for many years, and traders appear optimistic about its potential impact on the network's ecosystem.
The Pyth Network (PYTH) took third place among the biggest gainers, with a growth of 22.5%. The coin jumped from $0.50 to $0.70, after a relatively flat week where it started at $0.55.
Pyth is an oracle network that delivers real-time market data to financial decentralized applications across more than 40 blockchains. It provides more than 380 low-latency price feeds across cryptocurrencies, stocks, ETFs, and other financial instruments. The recent announcement of the introduction of real-time price feeds for Bitcoin exchange-traded funds (ETFs) has increased the coin's popularity and, most likely, its price.
Finally, Stacks (STX) saw a 12.7% rise over the past 24 hours, rising from $2.75 to $3.11. The coin saw a daily high of $3.20 before stabilizing at its current price.
Stacks provides a Bitcoin layer for smart contracts, allowing decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.
As for the losers, Worldcoin is the worst-performing coin among the top 100 cryptocurrencies, falling 10% over the past 24 hours, a correction that may have been delayed given the extremely bullish rally in the previous days. Currently, the token is still up 14% on weekly candles and is trading at around $7.30 per token.
Depin and AI tokens also turned upside down today, although the weekly performance remains strong and in the green zone. Filecoin is down 6% and trading at around $7.60, Near Protocol lost 4.7% to $3.90, and SUI and Singularity Net are down 8.6%, trading at around $3.90.
Edited by Ryan Ozawa.
