Altcoins Surge $215 Billion in Just Four Days

Altcoins have made a significant comeback after a rough stretch, with a fresh wave of momentum sweeping across the market. Between August 19 and 22, altcoins added roughly $215 billion to their combined market value, pushing Total2 back above $1 trillion.

The breadth of this move is particularly notable, with 56% of altcoins now trading above their 200-day moving average on Binance. This is a sharp reversal from just recently, when 80-85% of tokens were trading below that level.

Notable winners include Zcash, which surged 71.3% this past week and traded near $832 by the end of it. XRP also made significant gains, climbing 48.7% to trade close to $1.47. Hyperliquid gained 38.4% over the week, with HYPE trading near $80.

But even the majors got in on the action, with Bitcoin and Ethereum posting double-digit weekly gains of over 20%. Solana climbed 25.8% to trade around $94, while Dogecoin rose 31% and BNB gained just over 16%.