Digital currencies such as XRP, Shiba Inu (SHIB), and Pepe have experienced significant price surges, outperforming several other leading coins.
These particular cryptocurrencies have shown impressive gains in a relatively short period.
Top performers of the hour
Shiba Inu leads the pack with a significant hourly increase of 6.9%, followed by Pepe with a 5.1% rise. Solana-based meme coin Bonk also making notable gains.
XRP also continues to make strides with a 3.1% increase in the last hour, contributing to a 6.5% gain over the past 24 hours.
Other best-performing altcoins include Injective (INJ) and Dogecoin (DOGE).
A bullish crypto market
The cryptocurrency market as a whole has entered a bullish phase, with the market capitalization swelling to $2 trillion, largely buoyed by a rally in Bitcoin prices.
Bitcoin's ascent to over $57,000 marks a significant milestone. The cryptocurrency has now managed to achieve its highest level since December 2021.
This bullish trend is a positive signal for the market. It indicates growing investor confidence and the potential for digital assets to outshine traditional investment avenues this year.