Bitcoin experienced a 10% increase in value over the past week, while BitTorrent coin saw a staggering 184% jump due to its connection with Tron. AVAX also received a boost from a new meme coin, and Cardano’s performance is gaining attention. Bitcoin’s price broke through the $40,000 mark, reaching $42,500 on Monday. This recent rally has led to testing of the 50% Fibonacci retracement from all-time highs. Analysts have noted a gap in the futures price, with the potential for the price to return to a previous level. Despite an unfilled gap at $20,000, analysts remain bullish leading up to the Bitcoin halving next year. Cardano’s ADA token saw a 62% gain with increasing investor interest, reaching its highest level since 2022. The Cardano team is focused on improving network efficiency and peer-to-peer connectivity. The project has also introduced an AI chatbot and has been showing heightened interest likely linked to institutional investors. BitTorrent (BTT) experienced a significant 185% gain after Tron founder Justin Sun announced the platform’s user milestone. Tron is prominent in the DeFi industry, and saw a boost in total miners and storage contracts. Avalanche (AVAX) also saw a 50% gain due to heightened investor interest, with a focus on new meme coins. The project is targeting real-world assets and gaming, with potential for significant growth in these sectors. The team has introduced Meme Kombat, an AI-generated battle arena, and offers a staking mechanism with high APY. It’s important to note that this information should not be considered financial advice or an offer for transactions in cryptocurrencies. Subscribe to our newsletter for the latest updates!