Just as a tide tends to rise all the boats, the same phenomenon can be observed with Bitcoin (BTC) and altcoins. When a tide turns up, it even tends to rise all the boats that have already sunk or shipwrecked. The same phenomenon can be observed with cryptocurrencies and for ones that were out of the frame for a while.

The same kind of behavior was expected with cryptocurrencies other than Bitcoin (BTC) when the prices of almost all cryptocurrencies surged on Wednesday, March 17, 2021.

During the surge experienced on Wednesday, March 17, 2021, even cryptocurrencies that were dormant for a while have now started emerging. Almost all the cryptocurrencies in the crypto-market are currently experiencing a surge with respect to price and market capitalization.

According to the on-chain data analyzing firms, there are several dormant cryptocurrencies that have made it into the spotlight. The firms have revealed that altogether the dormant cryptocurrencies have experienced a surge that was between 3,000% and 6,000%. The data-reporting firms have revealed that the surge in prices of dormant cryptocurrencies was experiencing for an entire week.

The dormant cryptocurrency that managed to gain the highest amount of surges in terms of price is Karma (KARMA). Karma (KARMA) was launched back in 2018 and is known to be a famous social media project. The project was reportedly launched on the EOS blockchain.

The reporting firms have revealed that in the last seven days, the price of Karma (KARMA) has gone onto experience a 6,530% surge. Before the surge hit the price of Karma (KARMA), it was sitting at $0.000464 and after the 6,530% surge, its price increased to $0.030767.

Karma’s trading volume also experienced a significant amount of surge that was recorded to be at 35,400%. However, it should not be taken that the Karma (KARMA) token can still be liquidated instantly. The firms have confirmed that prior to the surge, its trade volume was just $2 but after the surge, its trade volume went up to $710.

The on-chain data analyzing firms have confirmed that the price of Karma (KARMA) had been lost between 2018 and 2020. The social media token had reportedly lost 99% of its trading volume and price in the said period.

The second altcoin in line is Nestree (EGG) that recorded a price surge of 3,018% for the same period. It has been reported that the price of Nestree (EGG) at the start of the week was $0.005511. However, at the end of the week, the price of Nestree (EGG) went all the way up to $0.171872.

The trading volume for the Nestree (EGG) token has also experienced a surge and the trading volume it experienced was $7 million.

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