Ethereum has reclaimed the $1,600 level amid renewed optimism within the cryptocurrency market, with several altcoins rallying significantly over the past 24 hours. Two tokens in particular, ALEO and GMT, stand out among the day’s top performers.
ALEO surged by 26.2%, climbing from a low of $0.1949 to reach $0.2498. Over the past week, the altcoin has accumulated gains of about 70%. Interestingly, no notable announcements or project developments appear directly linked to ALEO’S rapid appreciation, prompting traders to speculate on the possibility of external factors motivating market interest. Observers have suggested potential influence from Coinbase’s learning rewards, though concrete reasons remain uncertain.
Similarly, GMT, the native token of the popular “move-to-earn” application STEPN GO, recorded impressive growth of roughly 25.7%, jumping from an earlier level of $0.04548 to $0.05762. Over the past week, GMT has witnessed an approximate 30% price increase. Unlike ALEO, GMT’s recent momentum coincides more clearly with significant platform enhancements and new features. STEPN GO has recently introduced several user-engagement innovations, including mystery boxes, leaderboard competitions, and special-event sneaker collections, which have likely increased demand for its native token.
DAR Open Network, another prominent project, experienced a substantial rise of 16.9% in the last day, moving upward from $0.03546 to $0.04408. This latest increase corresponds with active ongoing development by the DAR team, particularly preparations for the mainnet release of Dalarnia Legends. Other initiatives include the launch of “Marble Rumble,” a PvP game available via Telegram, and various community-focused campaigns aimed at user engagement.
The broader cryptocurrency market is showing encouraging signs of renewed strength, with bitcoin firming up well above the $85,000 mark while Ethereum stabilizes just above the $1,600 threshold.
