ALEO and GMT Surge Nearly 30% Amid Ethereum’s Recovery Above $1,600

Cryptocurrencies ALEO and GMT experienced significant gains, climbing close to 30% as Ethereum (ETH) rebounded past the $1,600 mark. The broader market uptick reflects renewed investor confidence, with Ethereum’s recovery serving as a key catalyst. Analysts attribute the rally to improved market sentiment and technical buying pressure. Both ALEO and GMT, which had been consolidating in recent weeks, capitalized on the bullish momentum. Traders are now closely monitoring whether ETH can sustain its position above $1,600, as this could signal further upside for altcoins. The price action underscores the interconnected nature of crypto markets, where major assets like Ethereum often influence smaller-cap tokens.

One X user suggested: “ALEO is pumping hard right now, suspect it has something to do with the Coinbase learning rewards, but hey! 16% in 1 day, is sixteen percent in 1 day.”

Second on CoinGecko’s top gainers list is GMT, the native token of the move-to-earn platform STEPN GO. The token has climbed 25.7% in the past 24 hours, trading at $0.05762 from a low of $0.04548. The token has also shown a 30% growth over the past week.

Unlike ALEO, GMT’s price action appears connected to recent platform developments. STEPN GO has launched several new initiatives including leaderboard challenges, mystery boxes, and easter sneakers. This has created engagement opportunities for users and potentially driving increased token demand.

DAR Open Network has gained 16.9% in the last 24 hours, trading at $0.04408 from $0.03546. The project has been particularly active with development updates and announced several new features.

The first half of April has seen major progress toward the Dalarnia Legends Mainnet launch, alongside the debut of a new PvP game called Marble Rumble on the Telegram platform.

DAR Open Network keeps evolving — as a platform and a gaming ecosystem.
🔹 #DalarniaLegends heads for Mainnet
🔹 #MarbleRumble ignites PvP on Telegram
🔹 New campaigns fuel community growth

📰 Full update: https://t.co/mEaXehp1So

DAR’s development team has also started community events like Game Nights and a Marble Rumble x DAR Zealy Campaign to boost ecosystem engagement.

The overall crypto market shows signs of recovery, with Bitcoin (BTC) climbing above $85,000 and Ethereum (ETH) holding above the $1,600 mark.