Summary
Several cryptocurrencies, including Bittensor (TAO), Bitcoin’s BRC-20 token (ORDI), Kaspa (KAS), BONK, and exchange tokens like Bitget (BGB) and OKX’s OKB, have reached all-time highs or experienced significant gains in recent weeks. However, these price increases may be influenced by Bitcoin’s own rally, and it remains to be seen if these cryptocurrencies can maintain their valuations if Bitcoin’s gains are not sustained. While altcoin season may appear to be in full swing, Bitcoin’s dominance in the crypto market could still play a significant role in determining the overall trajectory of the market.
Key Points
1. Bittensor (TAO) has seen significant gains since its launch in March, with a more than triple increase and 900% gains from its lowest point in May.
2. Bitcoin’s first-ever BRC-20 token (ORDI) reached an all-time high, with a 160% increase since its opening six months ago and 14 times higher than its record lows in September.
3. Kaspa (KAS), a native crypto for the layer-1 blockchain, has multiplied by almost 600 times since its launch in May, hitting an all-time high three weeks ago.