- Virtuals Protocol (VIRTUAL) is the best performing token in the last 90 days, soaring 8106%.
- Fartcoin ranks second, claiming a new ATH on Thursday at $1.45.
- PENGU, HYPE, and BGB gained 629%, 627$, and 511% in the past 3 months.
The last quarter of 2024 proved bullish for digital assets, driven by the victory of pro-crypto candidate Donald Trump in the 2024 US presidential elections. This development propelled Bitcoin (BTC) to a record high of $108,000. Among cryptocurrencies, Virtuals Protocol (VIRTUAL) emerged as the highest gainer over the past 90 days.
Data from CoinMarketCap shows Virtuals Protocol surged by 8106% in Q4 2024. The AI and Metaverse platform gained traction with increasing adoption of its AI-driven virtual environments.
Trailing Virtuals, the Solana-based meme coin Fartcoin (FARTCOIN) recorded a 2191% gain, reaching $1.45 and attaining a valuation of $1.45 billion. This placed it ahead of 939 companies listed on the Russell 3000 Index.
Read also: Fractal Analysis Suggests Bullish Altcoin Market in Coming Months
Other notable performers include Pudgy Penguins (PENGU), which gained 629%, and Hyperliquid (HYPE), which rose by 627%. The Bitget Token (BGB) rounded out the top five with a 511% gain.
The second half of the top 10 altcoins includes Hedera (HBAR), SPX6900 (SPX), Stellar (XLM), XRP, and Curve DAO Token (CRV), with respective gains of 457%, 405%, 386%, 356%, and 277%.
Altcoin Market Analysis: 90-Day Gains and Key Trends
The weekly chart provided by TradingView below shows that the altcoin rally is gradually picking up pace again as the Relative Strength Index (RSI) reads a value of 64.90 which means that the buying pressure is still quite high and the chances of the resumption of the uptrend are high. The gradient of the line also suggests upward momentum in the near future.
The MACD indicator remains bullish with the MACD line continuing its path above the signal line (red). However, the intensity of the MACD histogram has started to decline which means that the capital flowing into altcoins is not high enough.
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