One of the most remarkable coins of the day was Succinct (PROVE). The token surged 299% in the last 24 hours, reaching a price of $1.1963 and standing out as the day’s leader. This increase created strong momentum among investors. 

Following PROVE, GXChain (GXC) rose 172%, securing second place. Efinity (EFI) came next with a 102% gain. These three coins, showing triple-digit increases, became some of the most talked-about assets in the market. 

Additionally, TROLL gained 71%, and TOWNS rose 68%, with TOWNS reaching $0.0414. These coins gained momentum through social media and community influence. 

Top Gaining Coins: Volume and Potential Analysis 

The daily gainers list included more than just large coins. Names like BUCKY, MYX Finance (MYX), and Talos (T) also attracted investor interest, ranking in terms of both price increase and trading volume. 

Coins such as Impossible Cloud Network (ICNT) and Sillynubcat (NUB) provided double-digit gains, attracting those looking to seize early-stage opportunities. 

Meanwhile, projects like Concordium (CCD) and Epic Chain (EPIC) rose above 10%. Illuvium (ILV) increased by 8.8%, drawing attention from institutional investors. 

Moreover, low-volume projects also shared in this activity, indicating opportunities across different market segments. 

Illuvium (ILV) and Mamo (MAMO) were among the projects that caught investor interest. ILV rose 8.8% to a current price of $23.78. Known for its game-focused ecosystem, Illuvium’s recent events have boosted internal activity, positively impacting price performance. 

On the other hand, Mamo (MAMO), recently listed and notable for its user-friendly wallet infrastructure, gained 8.6%, offering stable returns at a price of $0.1787. 

Today’s Key Data in Coin Investment 

One of the highest-volume gainers today was TROLL, with a trading volume exceeding $67 million, enhancing investor confidence. MYX drew attention with a trading volume of around $246 million. PROVE showed strong growth due to limited supply and listing effects. 

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The post Top Gaining Coins of the Day Revealed: MYX and ILV Surprise! appeared first on Coin Engineer.

Felix Hartmann, managing partner at Hartmann Capital, stated, “Altcoin season seems to have peaked for now.” He added that teams and venture capitalists are starting to close positions more aggressively, saying, “When momentum tips, we’ll see major downward spikes (murder wicks) on the charts.”

Overleveraged Altcoins

Hartmann explained that many altcoin funding rates have now surpassed 100% annualized, with recent price moves driven largely by perpetual traders amid declining spot market volumes. He warned, “The leg down will be brutal.”

According to CoinMarketCap data, the top-performing altcoins since November 1 include:

• Hedera (HBAR): up 99.31%,
• IOTA: up 79.61%,
• JasmyCoin (JASMY): up 72.47%.

However, historical data shows that altcoin seasons often lead to sharp corrections after significant gains. For example, in November 2021, Solana (SOL) reached $248.36 but dropped 64% to $89 by January 2022. Similarly, XRP saw a 51% decline in the same period.

Diverging Opinions

Some traders believe that the altcoin season has only just begun. Pseudonymous trader MilkyBull Crypto stated, “This month through March seems logical.” Another trader, Sensei, said, “Altseason has just started.”

For many investors, Bitcoin dominance serves as a key indicator of the start of an altcoin season. Currently, Bitcoin’s market dominance stands at 55.11%, down 7.88% over the past 30 days, according to TradingView data.

On December 4, Cointelegraph reported that the funding rates for perpetual futures have risen significantly, with bulls paying between 4% and 6% monthly to maintain leveraged positions. While these costs may seem manageable during strong uptrends, they can quickly erode traders’ margins if prices stagnate or dip.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Major Warning for Altcoin Season: “The Drop Will Be Brutal” appeared first on Coin Engineer.