Top 3 Altcoin In Crypto Market Today: PI, BONK, SEI

In the past 24 hours, the general crypto market has recovered as digital assets shake off bearish sentiments.

Within this time frame, the market has registered a 1.92% increase in combined capitalization, with many altcoins featuring in the resurgence.

Notably, in the altcoin world, three assets, Pi Coin (PI), Bonk (BONK), and Sei (SEI), have stood out in terms of current performance trend.

PI Rallies Despite Token Unlock Pressure

Crypto market data shows that the Pi Network has displayed a significant resurgence.

PI climbed by 14.50% in the last seven days. This pushed its price from a low of $0.5375 to $0.7584 as investor sentiments rekindled in the crypto market.

PI has witnessed a bullish correction and is changing hands at $0.7303, a 20.35% increase in the last 24 hours.

Market participants remain enthusiastic about the asset as trading volume has surged by a staggering 212.80% to $497.1 million.

These performance figures reveal that PI has overcome the pressure ignited by the massive token unlocks witnessed recently.

Notably, the network unleashed over 199 million tokens on the ecosystem, with anticipation building for an additional 188 million in May.

The unleashing of that large volume raised concerns in the Pi community, as users wondered what dilution factors might trail these offloads.

The addition increased the 4.9 billion already in circulation, causing prices to take a plunge.

However, Pi Coin registered bullish patterns like a falling wedge, which helped its short-term rebound moves amidst other technical factors.

BONK Dominates the Memecoin Arena

Meanwhile, in the memecoin world, BONK, the first dog-themed coin on the Solana blockchain, is leading the rally.

Notably, there has been a 3.88% surge in overall memecoin performance. However, BONK boasts a 13.17% increase in the last 24 hours and a 17.90% surge in the last seven days of trading.

The momentum with which BONK exploded has ignited hopes that the memecoin could potentially target $0.00001380 in resistance next.

The growing demand for this memecoin in the crypto market has fueled this optimism. If BONK can sustain the current trajectory, the token has the potential to push for a higher level.

As of this writing, the BONK price was up 13.72% at $0.00001306. Investors have maintained interest as trading volume soared by 119.59% to $201.56 million.

If BONK continues on this trajectory, it might cause performance concerns for investors in other notable names such as Dogecoin, Shiba Inu, and Pepe.

SEI Makes a Comeback in the Crypto Market

Another altcoin that is showing growth potential is Sei. In the last 24 hours, SEI’s price has jumped by 11.69% to exchange hands for $0.1708.

SEI has also recorded a spike in trading volume by 96.79% to $104.54 million. The asset’s bullish performance appears to have triggered interest from market participants looking to make a short-term profit.

Based on its technical indicators, some investors speculate that SEI could soar towards $0.40. However, to reach these projections, SEI investors must sustain their enthusiasm for the coin.

This might prove difficult given the price struggles SEI has faced in the last 30 days. The crypto market fluctuation plunged SEI to $0.1318 before this current rebound.