1ATH.Studio Altcoin Weekly

Beyond Bitcoin: The Altcoin Chronicles of the Week

4 min readMar 10, 2024

Step into the altcoin arena where the underdogs have their day, and every tick is a heartbeat in the pulse-pounding world of digital currency.

Memecoins Steal the Spotlight this Week, as Bull Season Beckons

In the wild world of altcoins, the meme coin madness is hitting new highs, folks! This week, we’ve seen Pepecoin (PEPE), Dogwifhat ($WIF), and everyone’s favorite, Shiba Inu (SHIB), along with the newbie on the block, Solana’s Smog airdrop (SMOG), go absolutely bonkers. PEPE’s jumping a whopping 325%, $WIF’s strutting its stuff with a 418% leap, SHIB’s wagging its tail with a 128% bump, and SMOG’s floating up by 75%. All this meme coin mania’s pumped up their market cap to a dizzying $46 billion, ballooning by 15% in just a day!

Ethereum and Bitcoin Go Bonkers: ETH Cracks $4K as BTC Blasts Past $70K

Ethereum smashed through the $4K barrier on Friday, joining Bitcoin’s victory lap as it soared past an eye-watering $70K. ETH was teasing us, hovering around $3,900 since Thursday, before it finally hit that sweet $4,000 mark on Coinbase, jumping by a cool 4.20%. Though it took a tiny step back to $3,943, the crypto bull market is in full beast mode!

Jupiter’s Jolt: Token Soars as Voting Power Kicks In

Jupiter’s own JUP token blasted off the week with a hefty 35% jump, cruising close to $0.78. Why the sudden leap? Looks like their latest trick — a snazzy voting feature on their Solana turf — got everyone buzzing. Now, the gang gets to drop their two cents on which tokens hit the launchpad next. And just like that, JUP’s back in the billion-dollar club after a rough patch in February. Talk about a stellar comeback!

Optimism’s $89M Token Sale Shakes Up Ethereum’s Layer 2 Scene

The Optimism Foundation just threw a massive curveball with a whopping $89 million token sale. We’re talking about 19.5 million governance tokens flying off the shelf, all hush-hush on the deets and who’s bagging them. Ethereum’s Layer 2? It’s getting hotter by the minute!

Solana Soars to New Heights Riding the Meme Coin Wave to $146

This week, Solana’s blasted through the roof, hitting a cool $141.15 and leaving its old record in the dust. Thanks to the meme coin craze with champs like BONK and WIF leading the charge, we’re seeing a sweet 6% daily boost and a 7% weekly upswing. Talk about catching the wave!

Tether’s Market Cap Crashes Through $100B

Heads up, altcoin aficionados! Tether’s USDT just vaulted into the crypto stratosphere with a jaw-dropping $100 billion market cap. That’s a hefty 9% climb YTD, leaving USD Coin eating its dust. As of March 4, USDT’s not just playing in the big leagues; it’s dominating, outpacing its closest rival, USDC, by a cool $71 billion.

Meme of the Week: Crypto investors during Memecoin season

Top Altcoin Gainers and Losers

Altcoin of the Week

SOLANA — $SOL

Coingecko: Solana is a Layer 1 blockchain that offers users fast speeds and affordable costs. It supports smart contracts and facilitates the creation of decentralized applications (dApps). Projects built on Solana include a variety of DeFi platforms as well as NFT marketplaces, where users can buy Solana-based NFT projects. Its high performance means Solana doesn’t require a traditional scaling Layer 2 solution; instead, Layer 2s on Solana focus on interoperability and connecting Solana to other chains.

Solana combines the Proof-of-History (PoH) consensus mechanism alongside the more common Proof-of-Stake. This is to ensure Solana achieves consensus more quickly while reducing the workload in order to solve the blockchain trilemma, where developers have to balance decentralization, security and scalability.