Polkadot News Today: Cryptocurrency Market Cap Hits $4 Trillion as Altcoins Surge 12%

Digital tokens experienced a strong performance on Thursday, with the global cryptocurrency market cap reaching the $4 trillion mark. Leading altcoins such as Ethereum, XRP, and BNB saw gains of up to 12% in the previous 24 hours, while Bitcoin maintained stability above $118,000. Among the top performers, Curve Finance (CRV), Polkadot (DOT), and Sonic ($S) stood out for different reasons.

Curve DAO’s native token, CRV, surged to multi-month highs driven by intensified buying activity. CRV traded at $0.9909 after gaining more than 25% on its daily chart. This surge confirmed increased trader interest in the coin, as it surpassed a descending triangle resistance zone at $0.81, which had limited its upside potential in the past few months. The asset witnessed massive buying after the breakout, targeting the psychological mark at $1. Continued uptrends might propel Curve’s price to $1.50, indicating a nearly 35% upsurge from the current price. Technical indicators support CRV’s bullish stance, with the 1D Moving Average Convergence Divergence remaining well above the signal line, suggesting buyer dominance. The green histogram also suggests market optimism, while the Chaikin Money Flow has climbed steadily in the past week, indicating cash entering the Curve ecosystem as investors expect more returns. However, the Relative Strength Index highlights overbought conditions, suggesting a potential short-term decline before extending the current rally. Buyers should maintain the key barrier at $0.81 to keep the bullish narrative at play.

Meanwhile, Polkadot (DOT) rode on its community’s excitement, overcoming the crucial obstacle at $4.20, which had contained its price actions for almost one year. DOT eyes further uptrends as it gains momentum above a massive accumulation zone, trading at $4.25 after touching an intraday peak of $4.27. While the broad market uptrends supported DOT’s rally, Gavin Wood’s speech at the 2025 Web3 Summit in Berlin added to the momentum. The Polkadot founder proposed introducing the Proof-of-Personhood consensus (PoP) to replace the current Nominated Proof-of-State model. PoP aims to solve the growing challenges of distinguishing between humans and bots in the AI era, matching web3’s decentralisation objectives while deciphering the urgent identity crisis. Gavin Wood also proposes cutting staking security from $500 million per year to $90 million, restricting self-staking to reduce market manipulation, and restricting validator rewards to $5,000 per month. Such developments sparked excitement among the DOT community, and analysts anticipate continued price gains in the upcoming sessions. However, bulls should keep the token above $4.20 for continued rallies in the near term.

Sonic has launched a breakthrough platform that enables users to build and launch Web3 apps without coding using natural language. Spark boasts high-tech features, allowing it to generate smart contracts, create frontends, and deploy decentralised applications in a single browser session. Users only need to describe an idea, and Spark will handle everything, including security checks and debugging. The official announcement highlighted that Spark is powered under the hood by Gemini, Google’s cutting-edge LLM, giving users access to state-of-the-art reasoning, code generation, and real-time debugging. Sonic’s native coin, $S, gained more than 6% in the past 24 hours to trade at $0.3922. Sonic is removing coding barriers with the latest launch, which will likely expand its developer base, accelerate on-chain experimentation, and establish it as among the top players at the AI-blockchain intersection.