Ethereum continues to grapple with significant price resistance at the crucial $1,600 mark, even as smaller-cap altcoins have soared spectacularly, with several recording triple-digit gains.
Leading the altcoin charge over the past 24 hours, Wayfinder (PROMPT) has surged by around 180%, climbing from a low of $0.1798 to a current trading price of about $0.5043. This dramatic price rally has pushed Wayfinder’s market capitalization up to around $113 million. The token’s latest spike follows a significant airdrop event, during which the team distributed 40% of the total PROMPT token supply to eligible community members. The price momentum has further been reinforced by multiple exchange listings, including prominent platforms such as Bitget, KuCoin, OKX, Hyperliquid, HTX, and Gate.io. Additionally, Wayfinder has benefited from increased visibility driven by social media engagement, as the token trends across several platforms.
Second among major gainers, MAGIC•INTERNET•MONEY (MIM) climbed 147%, moving from $0.00145 to around $0.003587 within the past day. Analysts have attributed MIM’s sharp rise directly to the recent announcement of its token migration plan, which enables holders of Bitcoin Wizards (WZRD) to claim MIM tokens until April 15. This development has fueled trading activity and boosted market interest considerably for both tokens involved.
Meanwhile, Bitcoin Wizards (WZRD) itself also showed notable strength, gaining approximately 127.5% on the day, pushing its price up from $1.09 to about $2.50. This robust bullish momentum builds on a successful week during which WZRD saw gains exceeding 100%. The token migration plans—laid out by the developers behind Mavensbot—in combination with social media buzz seem to have amplified investors’ enthusiasm.
In stark contrast, leading altcoin Ethereum (ETH) has struggled to regain its balance. Despite broader cryptocurrency market movement, ETH has remained confined around $1,600 in the past few weeks, failing to break convincingly above this critical psychological level. This sustained weakness contrasts notably with Bitcoin (BTC), which remains relatively stable near $83,000.
As investors and market observers watch closely, Ethereum’s ongoing struggle continues to inform broader market sentiment, illustrating both the volatility and divergence characterizing the crypto landscape currently.
