Altcoins Outperform as Dogecoin Retreats
In a surprising twist to the market, a handful of altcoins are outperforming the broader crypto sector, even as Dogecoin slips into the red. Leading the charge are Voxies (VOXEL) and Broccoli, both recording triple-digit gains in the past 24 hours.
VOXEL surged 178.8%, moving from $0.04152 to $0.1166. The spike adds to its already impressive 340% rise over the past week. Accompanying the price surge was a sharp rise in trading volume — up 577.79% to $463.44 million.
Analysts Warn of Market Distortion in VOXEL
The meteoric rise has drawn attention — and caution. Popular analyst Ash Crypto issued a warning on X:
“This is the new level of manipulation. $VOXEL market cap = $27M but more than $700 Million volume in futures. First $AERGO, now this. Be careful.”
In response to suspicious volume spikes, Bitget exchange acknowledged detecting abnormal trading patterns in VOXEL/USDT contracts. They are currently investigating the issue and will provide updates soon.
Broccoli Rallies on Ecosystem Milestone
Hot on VOXEL’s heels is Broccoli, up 140% in the last day and 450% over the past month. Unlike VOXEL, Broccoli’s rally is believed to be driven by project fundamentals, following a significant ecosystem update.
In a recent announcement, the team stated:
“Broccoli is Building – and So is Our Ecosystem. Today, we’re proud to unveil our brand new Ecosystem Section.”
The project claims to have integrated with over 50 platforms and is working toward 100+ additional integrations, signaling broader adoption ahead.
NKN Rallies 93% Despite Lack of Updates
Meanwhile, NKN saw its price shoot up 93.5%, from $0.02123 to $0.04331 in just 24 hours. No official developments have surfaced to support the rally, raising eyebrows within the trading community.
Analyst Ultimae GL speculated:
“NKN? Alright, Binance is pumping tokens that are about to be delisted. Let’s see if NKN gets pumped too.”
Traders now question whether this is organic growth or exchange-driven speculation.
Dogecoin Stuck in the Red
While lesser-known coins explode, Dogecoin (DOGE) continues to struggle. At $0.15, DOGE is down more than 2% in 24 hours, showing no signs of participating in the current altcoin rally.
