Crypto Market Movers: LEVER, INIT, AIXBT, PENGU, WING, VIRTUAL Surge in Last 6 Hours
LeverFi (LEVER) +32.67%
LeverFi’s LEVER token has recently experienced a significant price surge of over 40% within a single day, highlighting renewed investor interest. The token has shown notable volatility but demonstrated resilience by maintaining levels above $0.002 despite market corrections earlier this year.
#LEVER is the native token of LeverFi, a decentralized finance platform focused on leveraged trading and yield optimization. The majority of LEVER’s recent price gains—over 85%—occurred during September 2024, driven by increased trading activity and market speculation.
Given the recent sharp rise followed by a slight pullback of nearly 5%, LEVER may face short-term consolidation. However, if momentum continues, the token could test resistance near $0.0048 by the end of 2024. Caution is advised as volatility remains high.
Initia (INIT) +26.96%
Initia’s INIT token surged 36% in the past 24 hours, approaching the $1 mark amid growing adoption and network activity. On-chain data indicates a 54% increase in token transfers, signaling heightened user engagement.
#INIT serves as a utility token for gas fees across both Layer 1 and Layer 2 blockchain networks and recently launched perpetual futures trading on Coinbase. This expansion has boosted liquidity and trading volume significantly.
The strong volume and ecosystem growth suggest INIT’s price could continue rising in the near term. If momentum sustains, INIT may break above $1; however, traders should watch for potential volatility following rapid gains.
AIXBT (AIXBT) +22.31%
AIXBT saw a price jump of 35% following Binance’s announcement to list the token on January 10, 2025. Despite recent setbacks including a 20% drop after an AI influencer hack incident, AIXBT remains central to its platform’s ecosystem.
#AIXBT powers Virtuals’ AI-driven analytics platform, granting holders access to premium features and advanced tools. The Binance listing has increased visibility and trading volume, contributing to positive price action.
While the Binance listing provides strong bullish catalysts, security concerns from recent hacks may weigh on investor confidence. Price action will likely remain volatile but could trend upward if platform adoption grows.
Pudgy Penguins (PENGU) +20.76%
Pudgy Penguins’ PENGU token surged 37% recently after a bullish breakout and key ecosystem developments sparked renewed investor interest. The token is attempting to reclaim the psychological $0.01 level following previous declines.
#PENGU is linked to the Pudgy Penguins NFT project, which combines community-driven collectibles with DeFi elements. Despite past price drops exceeding 50%, recent ETF filing news and ecosystem updates have fueled optimism.
If positive sentiment continues and development milestones are met, PENGU could sustain upward momentum toward $0.01 or higher. However, given its volatile history, caution is warranted for short-term traders.
Wing Finance (WING) +19.53%
Wing Finance’s WING token recorded a price increase of over 10% recently amid growing interest in DeFi borrowing platforms. The token also formed a bullish Gartley pattern on short-term charts indicating potential further gains.
#WING is integral to Wing DAO governance and DeFi lending services that focus on credit-based borrowing without collateral. The sector’s growth supports WING’s rising valuation alongside increasing user adoption.
The technical setup combined with sector tailwinds suggests WING could continue climbing beyond current levels near $3.18. Nonetheless, investors should monitor broader DeFi market conditions for any sudden shifts.
Virtual (VIRTUAL) +18.58%
The VIRTUAL token surged over 28% following its listing on South Korea’s Upbit exchange and gained momentum from renewed interest in AI-related projects. It briefly reached record highs before experiencing some profit-taking pressure.
#VIRTUAL leads in the AI token market with substantial net inflows recently and offers users access to AI-driven services within its ecosystem. Its prominence in Asia’s crypto markets has helped fuel rapid price appreciation.
Despite short-term pullbacks after peak prices, VIRTUAL’s strong fundamentals and expanding user base indicate potential for further gains above $2.60. Traders should watch for sustained volume to confirm continued uptrend strength.
