The crypto market is under bears’ dominance despite the super bullish performance in 2024. With Trump’s tariff introduction, macroeconomic events, and various other factors, Bitcoin, Ethereum, and most other crypto coins are struggling, except AB, a less-renowned token. With all the odds in the trading industry, its price is up 7000% since the beginning of the year. How? Let’s discuss.
Crypto Market News: AB Coin’s Rebranding Fuels 7000% Rally
AB, a crypto coin inspired by Isaac Newton, is silently exhibiting highly bullish rallies. The token, officially launched as the Newton Project, has been part of the crypto market for nearly five years.
Initially, it had a great start, but with the bear market and volatility, it was long lost and under constant consolidation periods before gaining a new identity at the beginning of this year.
Newton is migrating to AB (https://t.co/W8UU43j6Ds)
— AB DAO (@ABDAO_Global) February 8, 2025
With a new branding and gas fees token role for the decentralized autonomous organization (DAO), the Newton project became AB and entered a long bullish rally, surging more than 7000% in just four months.
At the beginning of the year, it was trading at $0.0001624 but reached an ATH of $0.01729 on March 21, marking a 10,000% increase. Although it has declined since then, it is maintaining a 7,000% surge, currently trading at $0.01167 with a market capitalization of $632.83 million.
Crypto Market Loses a Billion in Q1 2025, Will Q2 be Any Different?
The CoinGecko Q1 report reveals that the cryptocurrency market has lost nearly $650 billion after dropping more than 18% in the first quarter of the year. The drop is calculated with the peak moment of US President Donald Trump’s inauguration.
Notably, the Trump trade war, rising recession odds, and other macroeconomic events fueled investors’ fears, resulting in the financial market crash.
Although the crypto market is attempting a recovery in Q2, the dominance of bears is still high. More importantly, there are no significant bullish catalysts hinting at recovery anytime soon.
If the Trump trade war settles, the US Fed introduces interest rate cuts, the Bitcoin Reserve or similar accomplishment happens, the market could rally. However, if not, then the volatility may persist.
The post Why This Coin is up 7,000% Since January While Crypto Market Continues to Plummet? appeared first on CoinGape.
