Altcoin Price Rally: Why Are GIGGLE and SOON Surging Today?

Altcoin Price Rally: Here’s Why GIGGLE and SOON Surge Today

After weathering a period of market turbulence, the crypto industry is now thriving once again, having shed its recent downturn. This renewed optimism has sparked an altcoin price rally, with GIGGLE and SOON emerging as standout performers.

While the broader crypto market rebound has yielded modest gains for most top altcoins over the past 24 hours, these two alternative tokens have bucked the trend with remarkable surges. Now all eyes are on their current and future performances, analyzing what’s driving the surge.

Altcoin Price Rally: Two Tokens on Rise

Notably, the cryptocurrency market is bouncing back from its recent slump and has registered a small increase of 2.08%, now at $3.46 trillion. The leading digital currencies, such as Bitcoin, Ethereum, and XRP, have been able to gain a little bit of ground during the last 24 hours, but they are still down for the week and the month.

At the same time, tokens like GIGGLE and SOON are exhibiting a massive altcoin price rally, sparking widespread optimism. Defying the broader trend and overpowering top players, these cryptocurrencies have become a beacon of hope for the community.

Why is GIGGLE Price Up?

Currently, GIGGLE has a trading price of $233.77, which comes along with impressive increases of 133% for the last day, 95% for the last week, and 140% for the last month. The positive trend is also attracting more investors and traders, with the 24-hour volume rising to $329 million, a 31% increase. If it keeps going like this, the asset will reach a peak of $500.

Notably, the current price rally of the GIGGLE token could be interpreted as a direct reaction to the Binance charity donation announcement. Not long ago, the cryptocurrency exchange publicly stated that it would give away half of the GIGGLE trading fees, which caused an overwhelming demand for the token. This incident has caused a drastic change in the price of the coin.

In addition, its alleged association with Binance founder Changpeng Zhao, affectionately called CZ, is also a reason for the uptrend. Though not directly linked, the resemblance of the token name to Zhao’s educational project, Giggle Academy, is a likely driver.

Why is SOON Price Up Today?

As of press time, SOON is trading at $1.52, with a daily hike of 113%, a weekly surge of 105%, and a monthly uptick of 85%. The 24-hour volume is at $378 million, marking a massive soar of 463%. Considering its current performance, the altcoin is likely to soar to $2 in the short term.

A recent partnership with the x402 protocol is one of the main reasons for this upward trend. The plan will take place in three phases, covering critical aspects like merging prediction markets with liquidity pools for automated token issuance, using patent infrastructure to make payments for autonomous AI agents, and allowing these agents to generate high-performance chains.

The INDODAX listing is another significant milestone. INDODAX is the premier cryptocurrency platform in Indonesia. The listing has sparked a buying frenzy that's especially noticeable among local retail investors.