Altcoins notch triple-digit gains as Bitcoin price pushes toward $60K

If this past weekend is any indication of the current bull market cycle, then an altcoin season may be well underway.

Similar to previous cycles, after (BTC) makes a significant run-up in price and then enters a consolidation period, funds begin to migrate into large and small market cap altcoins.

WRX/USDT, WIN/USDT, BTT/USDT, STX/USDT and HOT/USDT 4-hour chart. Source: TradingView

Data from Cointelegraph Markets and TradingView shows that while Bitcoin traded in a range between $57,000 and $60,200 over the past week, multiple altcoins saw double-digit gains as exchange listings and protocol developments brought a new wave of enthusiasm and trading volume for select projects.

Tron ecosystem leads the altcoin rally

Tokens in the Tron (TRX) ecosystem saw a noticeable uptick in their trading volumes over the past 2 days with the gambling-focused WINk token experiencing the biggest growth as it surged 325% from $0.00059 on April 3 to a new all-time high of $0.0025 on April 5.

WIN/USDT 4-hour chart. Source: TradingView

BitTorrent (BTT) also saw an influx of buying beginning on April 4 which lifted the price more than 100% from a low of $0.0067 to a new record high of $0.0136 on April 5. The price of TRX grew by 48% during the same period, climbing from $0.0997 to its current price near $0.147.

It wasn’t just Tron-based projects that caught traders’ attention over the weekend and on Monday.

The India-based crypto exchange WazirX saw its native (WRX) token grow by more than 350% over the past two days, catapulting from a low of $1.47 to a new all-time high of $5.88 on Monday thanks to a record 2 billion in trading volume.

WRX/USDT 4-hour chart. Source: TradingView

Holochain (HOT), a decentralized peer-to-peer platform for dApps, has seen its price rally 350% since the March 25 announcement that Holo Limited was granted a US patent for its rrDHT networking innovations. Since the announcement, HOT rallied from $0.21 to $0.31.

A new listing on Upbit Global also sparked…

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