By the middle of the first week of May, the TOTAL2 index by TradingView, meaning the capitalization of altcoins excluding Bitcoin, stabilized above the psychological $1 trillion mark, reaching $1.051 trillion.
Against the backdrop of a broader risk-on environment and the de-escalation talks in Middle East, capital began distributing across the market in a more targeted way as XRP, Zcash (ZEC), and Dogecoin (DOGE) came into focus, being three coins each representing its own growth model: from scarcity-driven hype to institutional recognition.
3 coins driving the crypto market’s new risk-on phase
Zcash (ZEC) became the leader of the week, posting gains of more than 70% and breaking above $585. Not only did Multicoin Capital, the fund known for buying Solana (SOL) at $0.04-$0.23 during 2018-2020, officially confirm the formation of a significant position in Zcash, but a fundamental supply shortage also affected the price as nearly 30% of the coin’s total supply is now held in shielded addresses, marking a historical high and limiting available exchange supply for ZEC.
XRP Lines Up for $2 Target as Key Bollinger Bands Hurdle Cleared; Zcash (ZEC) to Grab 10% of Bitcoin Price, Predicts BitMEX Founder; Dogecoin (DOGE) Ends $0 ETF Streak Amid May 2026 Altseason – Morning Crypto Report
Saylor Just Said the Unthinkable
If Zcash provided the market with emotional momentum, then XRP acted as the stabilizer of the index. Institutional interest, reflected in the growth of total net assets in XRP ETFs to $1.09 billion, is being fueled by expectations surrounding May 21, the deadline tied to the CLARITY Act bill. At the same time, ETF inflows over the past 24 hours nearly tripled to $11.5 million.
Finally, Dogecoin (DOGE) at this stage is demonstrating a transition from speculative accumulation to expectations of real-world utility. Large holders accumulated an additional 160 million DOGE over the past four days, adding to the $330 million observed earlier in April.
You Might Also Like
The main catalyst is preparation for the launch of the X Money payment system. The market is beginning to price in the use of DOGE as one of the core tools for microtransactions, reshaping perception of the coin from a meme asset into a functional element of digital payments.
The stabilization of altcoins above $1 trillion is not simply another pump, but the result of synchronized strategies: the search for privacy through ZEC, legal clarity through XRP, and mass adoption potential through DOGE.
Be the first to comment