Altcoin Rally Leaves Bitcoin and Ethereum in the Dust

Several altcoins have surged in value over the past week, outperforming Bitcoin and Ethereum. TRUMP's price jumped nearly 94% to a high of $3.40 before pulling back to around $2.55. The token was trading at about $1.75 at the start of the week.

TRUMP led the intraday rally, with its price breaking above $2.50 and spiking to $3 before profit-taking left it below its peak. Retail sentiment around TRUMP improved to an 'extremely bullish' zone from a 'bullish' zone, while chatter rose to 'high' from 'normal' levels.

Polygon's token POL also gained nearly 50% over the past week, breaking above its prior resistance of $0.09 and trading above its 9-day SMA at $0.08. The key resistance for the token lies between $0.11 and $0.12.

Zcash's price has continued to rally over the past five days, surging from around $510 on Tuesday to around $791 on Saturday, a roughly 55% increase in its price. The growing optimism around Grayscale's proposed ZCash ETF has helped the token rally.