Daily Degen
January 12, 2026

Crypto Markets Cool Off as Altcoins Stir the Pot

While Bitcoin trades sideways, under-the-radar tokens like RIVER and IP are stealing the spotlight with eye-popping gains. Meanwhile, Monero's rally hints at a growing interest in privacy coins, and crypto Twitter is abuzz with talk of a potential Layer 1 surprise in Q1. Here's what just happened and why it matters.

Mid-cap altcoins outpaced major tokens this week, with RIVER (31.32%) and IP (24.89%) leading gains. Monero’s (XMR) 18.82% jump signals rising concern about privacy and regulation. Market chatter is picking up, especially around Layer 1 innovation and zero-knowledge tech. Retail is cautiously returning, setting the stage for potential altseason sparks. Meanwhile, high unlock pressure took down LIT (-14.7%) and POL (-9.63%).

Movers and Shakers

Today's Top Gainers:
Top 7-Day Gainers:
RIVER (31.32%), IP (24.89%), B (20.54%), XMR (18.82%), MYX (11.54%)
Today's Top Losers:
Top 7-Day Losers:
LIT (-14.7%), POL (-9.63%), RENDER (-8.23%), XPL (-7.12%), XCN (-6.34%)

Another Week, Another Altcoin Uprising?

While Bitcoin continues to loiter in a tight price corridor, the real drama this weekend unfolded beneath its shadow. Like an underground gig going viral, lesser-known tokens broke out of the mid-cap purgatory to grab double-digit returns. The biggest clout-chaser? RIVER, sailing upstream with a monster 31.32% gain. If you’re still ignoring these “degen” plays, the market might be moving without you.

The Top Movers: Winners and Sinners

Let’s break down the chaos:

  • RIVER: +31.32% – No confirmed catalyst yet, but rumblings on Telegram and X suggest something stealthy is in development. Speculators are tagging it as “the new OP” (a bold claim).
  • IP: +24.89% – This infrastructure-focused token spiked on chatter of a partnership with a major L2 scaling project. Details remain scarce, but volumes tripled over the weekend.
  • B: +20.54% – The only mainstream asset in the top three, B surged after whale wallet activity hit a 3-month high. On-chain data shows accumulation patterns.
  • XMR: +18.82% – Privacy is trending again. With renewed debates over surveillance in crypto, OG tokens like Monero are seeing fresh love from libertarians and devs alike.
  • MYX: +11.54% – Rumors about an ecosystem fund have sparked a quiet rally. It’s one of those “move first, ask questions later” rallies.

And then... the other side:

  • LIT: -14.7% – Lit just went dark. Large unlocks collided with lackluster developer updates. The perfect storm for exits.
  • POL: -9.63% – Despite solid fundamentals, traders rotated out in favor of more liquid meme bets. The chart looks like a ski slope.
  • RENDER: -8.23% – GPU narrative fatigue? Or just post-pump hangover after Nvidia-like hype faded. Either way, sellers dominated.
  • XPL: -7.12% – Thin liquidity and some tokenomics confusion led to a sell-off triggered by one large market order. Yikes.
  • XCN: -6.34% – Still struggling with its brand split from old affiliations. Traders aren’t convinced of a turnaround yet.

Altseason...Or Just Alt-Sprinting?

Look closely and you'll notice a pattern forming. Bitcoin may be pacing itself—think tortoise, not hare—but alts are testing the limits of gravity again. This feels like the preliminary heat before an altseason marathon. If you squint at the data, mid caps with infrastructure narratives—think IP and B—are dramatically outperforming meme and metaverse plays.

Monero’s rise also underlines something crucial: the tide may be shifting back toward utility and ideology, especially with censorship and privacy becoming increasingly contentious topics online. Expect privacy coins to trend in 2026’s early quarters, especially with incoming geopolitics.

On-Chain Gossip and Dev Riffs

The crypto Twitter underground is unusually loud for January. Several trusted devs have hinted—without fully disclosing—that a mysterious Layer 1 drop is imminent in Q1, tentatively dubbed “ZK-Paladin.” Sound like a game? Possibly. But it’s sparked minor bidding wars over any asset remotely tied to zero-knowledge tech this week.

Elsewhere, ETH dev chat unearthed a brewing debate over rollup centralization, prompting mini-pumps across Ethereum-aligned tooling tokens. Gas fees remain low, but attention is rotating quickly—devs are shipping, and investors are sniffing trails.

Are the Retail Masses Coming Back?

Not entirely—but signs are promising. On Binance and Coinbase, altcoin search traffic jumped 13% week-over-week. Meme coin threads (#SHIBAarmy remains society’s most persistent DAO) are picking up traction again, despite lacking serious capital movement. Retail interest tends to trail on-chain activity by 4–10 days historically; expect more liquidity if prices hold through next weekend.

Signals for Alpha-Seekers

Three things to watch this week:

  • Token unlock schedules—especially for mid-cap DeFi projects. Defensive positioning now can mean bargains later.
  • Dev commits and Github push data for Layer 2 networks. Builders are flashing signs of “ship mode.”
  • Liquidity across perpetual DEXs like dYdX and GMX. Sharp changes there often foreshadow directional shifts in price and leverage demand.

Final Thoughts: Keep Your Radar On

If last week was the whisper, this week is the hum—and soon we’ll be in full market chorus. The crypto market is playing with familiar themes but remixing them through a more cautious, developer-first lens. RIVER and IP might not have household recognition yet, but their rallies, combined with rising dev activity, could be the opening salvo of something bigger.

In a market crawling out of dormancy, staying nimble—and curious—isn’t just smart, it’s survival. Alts are whispering again. Are you listening?

Another Week, Another Altcoin Uprising?

While Bitcoin continues to loiter in a tight price corridor, the real drama this weekend unfolded beneath its shadow. Like an underground gig going viral, lesser-known tokens broke out of the mid-cap purgatory to grab double-digit returns. The biggest clout-chaser? RIVER, sailing upstream with a monster 31.32% gain. If you’re still ignoring these “degen” plays, the market might be moving without you.

The Top Movers: Winners and Sinners

Let’s break down the chaos:

  • RIVER: +31.32% – No confirmed catalyst yet, but rumblings on Telegram and X suggest something stealthy is in development. Speculators are tagging it as “the new OP” (a bold claim).
  • IP: +24.89% – This infrastructure-focused token spiked on chatter of a partnership with a major L2 scaling project. Details remain scarce, but volumes tripled over the weekend.
  • B: +20.54% – The only mainstream asset in the top three, B surged after whale wallet activity hit a 3-month high. On-chain data shows accumulation patterns.
  • XMR: +18.82% – Privacy is trending again. With renewed debates over surveillance in crypto, OG tokens like Monero are seeing fresh love from libertarians and devs alike.
  • MYX: +11.54% – Rumors about an ecosystem fund have sparked a quiet rally. It’s one of those “move first, ask questions later” rallies.

And then... the other side:

  • LIT: -14.7% – Lit just went dark. Large unlocks collided with lackluster developer updates. The perfect storm for exits.
  • POL: -9.63% – Despite solid fundamentals, traders rotated out in favor of more liquid meme bets. The chart looks like a ski slope.
  • RENDER: -8.23% – GPU narrative fatigue? Or just post-pump hangover after Nvidia-like hype faded. Either way, sellers dominated.
  • XPL: -7.12% – Thin liquidity and some tokenomics confusion led to a sell-off triggered by one large market order. Yikes.
  • XCN: -6.34% – Still struggling with its brand split from old affiliations. Traders aren’t convinced of a turnaround yet.

Altseason...Or Just Alt-Sprinting?

Look closely and you'll notice a pattern forming. Bitcoin may be pacing itself—think tortoise, not hare—but alts are testing the limits of gravity again. This feels like the preliminary heat before an altseason marathon. If you squint at the data, mid caps with infrastructure narratives—think IP and B—are dramatically outperforming meme and metaverse plays.

Monero’s rise also underlines something crucial: the tide may be shifting back toward utility and ideology, especially with censorship and privacy becoming increasingly contentious topics online. Expect privacy coins to trend in 2026’s early quarters, especially with incoming geopolitics.

On-Chain Gossip and Dev Riffs

The crypto Twitter underground is unusually loud for January. Several trusted devs have hinted—without fully disclosing—that a mysterious Layer 1 drop is imminent in Q1, tentatively dubbed “ZK-Paladin.” Sound like a game? Possibly. But it’s sparked minor bidding wars over any asset remotely tied to zero-knowledge tech this week.

Elsewhere, ETH dev chat unearthed a brewing debate over rollup centralization, prompting mini-pumps across Ethereum-aligned tooling tokens. Gas fees remain low, but attention is rotating quickly—devs are shipping, and investors are sniffing trails.

Are the Retail Masses Coming Back?

Not entirely—but signs are promising. On Binance and Coinbase, altcoin search traffic jumped 13% week-over-week. Meme coin threads (#SHIBAarmy remains society’s most persistent DAO) are picking up traction again, despite lacking serious capital movement. Retail interest tends to trail on-chain activity by 4–10 days historically; expect more liquidity if prices hold through next weekend.

Signals for Alpha-Seekers

Three things to watch this week:

  • Token unlock schedules—especially for mid-cap DeFi projects. Defensive positioning now can mean bargains later.
  • Dev commits and Github push data for Layer 2 networks. Builders are flashing signs of “ship mode.”
  • Liquidity across perpetual DEXs like dYdX and GMX. Sharp changes there often foreshadow directional shifts in price and leverage demand.

Final Thoughts: Keep Your Radar On

If last week was the whisper, this week is the hum—and soon we’ll be in full market chorus. The crypto market is playing with familiar themes but remixing them through a more cautious, developer-first lens. RIVER and IP might not have household recognition yet, but their rallies, combined with rising dev activity, could be the opening salvo of something bigger.

In a market crawling out of dormancy, staying nimble—and curious—isn’t just smart, it’s survival. Alts are whispering again. Are you listening?

Newsworthy

Crypto Twitter is buzzing over rumors of a Q1 Layer 1 launch dubbed 'ZK-Paladin,' potentially poised to shake up the rollup and zero-knowledge space.

Pro-Tip:

Watch on-chain activity like dev commits and token transfers for early signals of movement. Price is often a lagging indicator for these stealth breakouts.

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Disclaimer: The content of this article is for general market education and commentary and is not intended to serve as financial, investment, or any other type of advice.

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