The Ethereum-based memecoin SPX is today’s top gainer. Its price is up 20% over the past day, and the altcoin currently trades at a 13-day high of $0.62. 

SPX’s current surge follows a recent dip to an all-time low of $0.25. With growing bullish momentum, the altcoin is set to recover recent losses and climb to multi-month highs.

SPX6900 Skyrockets 148% in 13 Days After Hitting an All-Time Low

SPX plummeted to an all-time low of $0.25 on March 11, creating a buying opportunity that investors quickly seized.

As demand surged, the token staged a strong recovery, climbing steadily over the 13 days. At press time, the altcoin trades at $0.61, climbing 148% during that period. 

On the daily chart, SPX is poised to break above the Leading Span A (green line) of its Ichimoku Cloud indicator, a trend that reflects the spike in demand for the meme coin. 

The Ichimoku Cloud tracks the momentum of an asset’s market trends and identifies potential support/resistance levels. Its Leading Span A represents the midpoint between the Conversion Line (Tenkan-sen) and the Base Line (Kijun-sen), helping traders identify potential support and resistance levels.

When an asset’s price attempts to climb above this line, it signals a bullish shift in market trends. Therefore, a potential SPX’s price breakout above the cloud confirms the growing bullish pressure in the market and hints at an extended price rally.

Furthermore, SPX’s rising Open Interest (OI) supports this bullish outlook. This currently sits at $21 million, increasing by 50% since the token staged a comeback from its all-time low on March 11. 

OI tracks the total number of outstanding derivative contracts, such as futures or options, that have not been settled. When it climbs alongside an asset’s price, it indicates strong market participation. 

This confirms the strength of SPX’s current trend, suggesting that new money is entering the market to support its price movement.

SPX Holds Strong Above Ascending Trendline—Can It Break Through $0.67?

Since the rally began, SPX has traded above an ascending trend line. This bullish pattern is formed when an asset’s price consistently makes higher lows, indicating a steady upward trajectory. 

It signals strong buying pressure and serves as a support level, suggesting that SPX is in a bullish trend. If this continues, its price could break above the Leading Span A to reach $0.67.

However, a resurgence in profit-taking activity could invalidate this bearish outlook. In that scenario, the altcoin’s price could plummet to $0.40. 

As crypto markets enter the last week of March, airdrop farmers are eyeing lucrative opportunities to join promising projects while still on the ground floor stage.

Here are three promising projects worth your attention for airdrop farmers looking to engage with a promising Bitcoin Layer-2 (L2), a unique Proof-of-Work (PoW) protocol, or an Ethereum scaling solution.

GOAT Network: Transforming Bitcoin into an Active Asset

GOAT Network is making waves as a Layer-2 solution. It expands Bitcoin’s capabilities with smart contracts and decentralized finance (DeFi). Officially launched on its Alpha Mainnet on March 17, 2025, the project is moving away from traditional one-time airdrops. Instead, it favors an ongoing rewards system via its “One Piece Project.”

“The launch of our alpha mainnet gives everyone the chance to earn in multiple ways,” GOAT Network shared.

Participants can bridge assets like native BTC, BTCB, or Dogecoin (DOGE). They can also mint soulbound NFTs (non-fungible tokens) and engage with dApps such as GOATSwap and Oku. Users earn GEC (Proof of Activity) and GOAT Points. These will later be convertible to GOATED tokens after the Token Generation Event (TGE). Notably, the TGE is scheduled for later in 2025.

Early adopters are encouraged to interact with the network actively, as airdrop rewards scale based on engagement.

Up to 6% of the GOAT token supply has been allocated for airdrops. Meanwhile, they reserved 42% for sequencer and community mining and an additional 1% for influencer partnerships. The focus remains community-driven growth, rewarding users who contribute liquidity and interact with dApps.

With a public mainnet and the TGE on the horizon, GOAT Network is positioning itself as a key player in the growing Bitcoin DeFi space.

Tari: A PoW Network Rewarding Early Engagement

Tari is a novel Layer-1 blockchain emphasizing user-driven proof-of-work and digital asset management. With its mainnet launch scheduled for April 2025, airdrop farmers have a prime opportunity to accumulate Gems. This could factor into future token distributions.

Meanwhile, the leaderboard shows top players with huge loads of Gems. This highlights a significant gap that raises concerns about a “whale-capped” airdrop distribution to prevent top-heavy rewards.

 “Thought I was doing reasonably well with my 85K TARI gems but looking at the leaderboard I’m a little bit behind the top guys Surely this must be whale capped somehow otherwise the airdrop will be pretty top heavy,” one airdrop farmer remarked.

The project has allocated 5% of the total XTM supply for incentive programs. Airdrop distribution is planned to take place approximately six months after the mainnet launch. However, community tokens will be subject to a 12-month vesting period.

Users can accumulate Gems by mining tXTM (testnet Tari) via Tari Universe. Additional methods include completing quests, referring friends, and holding Yats domain names with high rhythm scores.

Additionally, rarer collectibles called “Turtle Shells” and “Sky Hammers” may offer multipliers or boosts to airdrop eligibility, making them highly sought-after by dedicated participants. Tari’s proof-of-work algorithm is designed to be ASIC-resistant (ASIC—Application-Specific Integrated Circuits). This ensures the fair distribution of mining rewards among real users rather than large-scale mining farms.

Noteworthy, US residents are ineligible for the airdrop. However, global participants can still take advantage of this early-stage opportunity before testnet mining concludes at the mainnet launch.

MegaETH: An NFT-Based Approach to Airdrops

Unlike the typical airdrop farming model, MegaETH is taking a different approach. This Ethereum Layer-2 solution boasts 100,000 transactions per second (TPS). It has secured backing from Vitalik Buterin and a $20 million seed round.

Instead of offering free tokens to Sybil-heavy farmers, MegaETH opts for an NFT-based rewards mechanism. While its testnet is now live, the project has announced that there will be no immediate rewards for participation. However, many in the community speculate that interactions with the testnet may affect future eligibility.

“…btw no airdrop for using public testnet purpose is for us to battle-test, for builders to explore the tech unlock, and for users to experience real-time apps for the first time nothing against points just not our vibe,” MegaETH articulated.

There is no direct airdrop confirmed yet, but testnet interactions are free and may affect future rewards. MegaETH Airdrop farmers should monitor related projects like CAP Labs and Noise for potential early access clues.

Some community members have expressed frustration with the lack of an official airdrop. However, MegaETH’s novel approach may ultimately benefit long-term participants.

With airdrops remaining a major incentive in the crypto space, these three projects offer distinct opportunities for users to get involved.

Leading altcoin Ethereum has noted a 9% uptick in the past week as the broader cryptocurrency market attempts a recovery from recent lows. 

While the rally is partly fueled by the gradual resurgence in the general market’s bullet sentiment, two key on-chain metrics suggest that ETH’s momentum could strengthen further.

ETH’s Supply Hits Yearly Low While Traders Bet Big

On-chain data reveals that ETH’s exchange reserve has dropped to its lowest level this year. As of this writing, the metric stands at 18.32 million ETH, plummetting 7% from its year-to-date peak of 19.74 million coins reached on February 2. 

An asset’s exchange reserve measures the total amount of its coins or tokens held in exchange wallets, representing the supply available for immediate trading. When it declines, traders move their holdings off exchanges for long-term storage, staking, or spot ETH ETFs, thereby reducing the asset’s available supply.

This means that ETH’s supply decline can create upward price pressure, as lower selling liquidity and steady demand tend to drive its price higher. 

Further, ETH’s Estimated Leverage Ratio (ELR) has climbed, suggesting that traders are increasingly using leverage to amplify their bets on the coin’s future price gains. 

For context, ELR reached a year-to-date high of 0.686 on March 21 before witnessing a minor pullback. As of this writing, ETH’s ELR is at 0.683.

The ELR measures the average amount of leverage traders use to execute trades on a cryptocurrency exchange. It is calculated by dividing the asset’s open interest by the exchange’s reserve for that currency. 

ETH’s surging ELR signals an increased risk appetite among traders despite its price troubles since the beginning of the year. This trend indicates that many coin holders remain optimistic about a near-term rally and are willing to leverage their positions to amplify potential gains.

ETH at a Turning Point: Will Bulls Drive It to $2,224 or Bears Pull It to $1,924?

ETH currently trades at $2,089, registering 4% gains over the past day. The green histogram bar posted by its Elder-Ray Index reflects the growing bullish bias toward the altcoin. It is at 52.80 at press time, its highest in the past 30 days.

The indicator measures buying and selling pressure in the market. When its value is positive, it indicates that buyers are dominant, suggesting stronger bullish momentum and a potential price uptrend.

If ETH bulls strengthen their control, they could push the coin’s price to $2,148. 

However, if the bears regain dominance, the altcoin’s value could fall to $1,759.