Altcoins Defy Crypto Market Slump: ALPACA, INIT, and HOUSE Surge Amid Broader Downturn
April 30, 2025 —
While the global cryptocurrency market has faced a $16 billion drop in total capitalization over the past 24 hours, a few standout altcoins have captured the attention of investors by bucking the bearish trend. Among the top performers today are Alpaca Finance (ALPACA), Initia (INIT), and Housecoin (HOUSE)—each showing sharp gains and increased market interest despite the broader decline.
Alpaca Finance (ALPACA): A Surprising Comeback Amid Delisting News
The most dramatic movement comes from ALPACA, the native token of Alpaca Finance, a leveraged yield farming protocol built on BNB Chain. After hitting a year-to-date low of $0.029 on April 24—following Binance’s announcement to delist the token on May 2—ALPACA has seen a stunning recovery.
Over the past week, the token has surged by over 2,300%, with a 24-hour spike of more than 300% alone. This unexpected rally appears to be driven by traders scrambling to capitalize on short-term price momentum before the delisting takes effect.
Currently testing the $0.64 resistance level, ALPACA could see continued upside if buying pressure holds. However, analysts warn that profit-taking could cause a pullback to the $0.50 range.
Initia (INIT): Rising Volume Signals Sustainable Momentum
INIT is also making waves, climbing 19% over the last 24 hours to trade at $0.82. Unlike many quick rallies fueled by speculation, INIT’s growth appears to be supported by fundamentals, as evidenced by its 80% jump in daily trading volume—reaching $399 million.
The combination of rising price and volume is often seen as a strong indicator of sustainable momentum, suggesting this may not be a fleeting spike. Should INIT maintain this trajectory, it could break resistance at $0.84 and aim for $0.87. However, bearish pressure might push it back to $0.80.
Housecoin (HOUSE): Buyer Power Builds Toward Breakout
Housecoin has also made a strong impression, gaining 59% in value over the past day to trade at $0.095. Technical indicators suggest bullish sentiment is growing. In particular, the token's Balance of Power (BoP) reading of 0.62 points to rising buyer dominance.
A sustained push could send HOUSE to retest its all-time high of $0.10. However, a shift in sentiment could trigger a short-term correction down to $0.091.