Surge in JEFF and Human Protocol Outshines ETH’s Stability Below $3,700

Exploring a Surge in Altcoin Dominance as Ethereum Struggles with Resistance Price Levels

Surge in JEFF and Human Protocol Outshines ETH's Stability Below $3,700

Key Points

The value of Ethereum (ETH) saw a modest rise of over 3.5% yesterday, even briefly surpassing the $3,700 mark. However, the cryptocurrency’s price growth has since slowed, with its current trading value at $3,692.

In contrast to Ethereum’s sluggish price movement, other coins like Jeff (JEFF) have seen remarkable growth. Jeff, a meme coin honoring the founder of HyperliquidX, has seen its price soar by approximately 280% in the past 24 hours.

Jeff Coin’s Impressive Growth

The recent success of the HYPE token airdrop has propelled Jeff coin into the spotlight due to their fair airdrop allocation without any VC allocation. Over the past week, Jeff’s price has skyrocketed by over 1200%, reaching a market cap of $52.3 million. The hype surrounding the airdrop has significantly contributed to Jeff’s price pump.

HUMAN Protocol’s Significant Surge

Another coin that has experienced significant growth is Human Protocol (HMT), which has seen a 140% surge in its price. The coin’s value has risen from a 24-hour low of $0.03966 to a high of $0.1167 before settling at its current price, representing a 140% increase. Over the past week, HMT has seen an increase of over 450%.

This surge has solidified HMT’s position as the second largest gainer on CoinGecko. The recent release of the new HUMAN App 2.0 has also contributed to the coin’s success. The app introduces a new architecture for improved performance and stability, a new UI, and identity verification. The recent price pump has helped HMT reach a market cap of $72 million.

The third coin experiencing significant growth is Empyreal (EMP), with a price surge of 86%. EMP’s price has not only risen in the past 24 hours, but it has also seen a growth of over 310% in the past month. The coin’s price surge can be attributed to the recent release of SIMMI, the first token of the Simulacrum ecosystem, where Simmi serves as their official AI agent.

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