Market in Resurgence
A Market Rebound
While Bitcoin had reclaimed the $118,000 mark, capital has shifted toward undervalued cryptocurrencies in the market. Nevertheless, Bitcoin has fallen today to $114,200 and has filled its CME gap.
However, yesterday’s surges help us identify cryptocurrencies that could explode in case of a BTC rebound :
PUMP.FUN : Has PUMP Found Its Bottom ?
Market Capitalization : Less than $600M with a volume of approximately $580M
7-day Change : +22.7%
Price Update : Pump.fun (PUMP) led the list of gainers with a surge of nearly 22.7%, trading around $0.003095 as of July 31. Despite this, it has dipped back to $0.0025 as Bitcoin filled the gap at $114,000 this morning.
ETHENA : DeFi Derivatives Gaining Popularity
Market Capitalization : Approximately $900M to $1B
7-day Change : +12.8%
Price Update : Ethena (ENA), which leverages DeFi primitives to expose users to ETH and USD movements, gained about 12.8% thanks to growing interest from DeFi traders seeking yields. It currently trades at $0.57.
STORY PROTOCOL : The Power of New Cryptocurrency Narratives
Market Capitalization : Mid-cap level with a 24h volume of approximately $72M
7-day Change : +8.9%
Price Update : Driven by narrative excitement and speculative interest, Story Protocol (IP) finished in the top three yesterday with a gain of approximately 8.9%, now trading at around $5.98.
The Biggest Losers of the Week
CONFLUX : Competitor Pressure and Profit-Taking
Market Capitalization : Approximately $450 to $500M (daily volume ~$457M)
7-day Change : -6.7%
Price Update : With a drop of nearly 6.7% in 24 hours, Conflux (CFX) is currently trading at $0.2126. This reversal over a week follows previous gains, indicating profit-taking and a shift in sentiment.
SONIC : Micro-cap Volatility
Market Capitalization : $188M based on a volume of approximately $188M
7-day Change : +8.34% intraday, but weaker over the week, signaling volatility without consistent growth.
Price Update : Sonic (S), currently around $0.3014, experienced significant intraday gains yesterday of approximately 8.3%, but hasn’t been one of the main movers of the week.
CURVE DAO : Stagnation of DeFi Blue Chips
Market Capitalization : Over $1B (daily volume ~$482M)
7-day Change : +4.5% intraday, but moderate decline over the week
Price Update : Curve DAO (CRV), currently around $0.92, recorded losses today (approximately -1.72%), with a weaker weekly performance compared to trending cryptos.
In summary, the end of July has been marked by a clear rotation of capital toward small and medium-cap altcoins, driven by speculative enthusiasm and DeFi activity. While major blockchain projects have slightly slowed down, memecoins and those with strong narrative potential have stood out.
This dynamic clearly illustrates crypto investors’ risk appetite during this period, as they seek to capture opportunities offered by the most volatile altcoins. Although Bitcoin has remained stable, significant flows into these assets suggest that this trend should continue into August.
