---
title: "Wormhole jumps 42%, Dione surges 30%, Ethereum reclaims $2,000"
url: https://diffcoin.com/wormhole-jumps-42-dione-surges-30-ethereum-reclaims-2000/
description: "The crypto market shows signs of recovery while several altcoins including Wormhole (W), DIONE, and Magnetix (MAG) post double-digit gains in the past 24 hours."
published: 2025-03-23
updated: 2025-03-23
author: "Mila"
site: "Diffcoin"
---

# Wormhole jumps 42%, Dione surges 30%, Ethereum reclaims $2,000

The crypto market shows signs of recovery with Ethereum climbing back above the $2,000 level, while several altcoins including Wormhole (W), DIONE, and Magnetix (MAG) post double-digit gains in the past 24 hours.

Wormhole (W) has jumped 41.7% in the last 24 hours, trading at $0.1218 from a low of $0.08551. The token’s momentum extends beyond the daily timeframe, with nearly 40% growth over the past week.

![Wormhole jumps 42%, Dione surges 30%, Ethereum reclaims $2,000 - 1](https://crypto.news/app/uploads/2025/03/chart134-1024x791.png)

Source: CoinGecko

One commentator on X noted that Wormhole has established itself as one of the most active interoperability networks, processing approximately 200,000 messages and $40 million in daily volume.

The platform currently holds a total value locked (TVL) of $2.5 billion.

> [#Wormhole](https://twitter.com/hashtag/Wormhole?src=hash&ref_src=twsrc%5Etfw) is currently one of the most active interoperability networks, processing 200,000 messages and $40 million in volume daily, with a total value locked (TVL) of $2.5 billion. Even though [$W](https://twitter.com/search?q=%24W&src=ctag&ref_src=twsrc%5Etfw) has experienced a significant decline from $1.4 to $0.08, it has the potential to… [pic.twitter.com/jNVnTpv6Uu](https://t.co/jNVnTpv6Uu)
> 
> — JLPicard (@JLPicardd) [March 19, 2025](https://twitter.com/JLPicardd/status/1902435428847759391?ref_src=twsrc%5Etfw)

Despite W’s previous drop from $1.40 to its current price, the current trend suggests Wormhole could eventually reach a target of $1.90.

The recent RSI breakout on the daily chart is a positive indicator, the observer noted.

Wormhole is currently down 92.8% from its all-time high of $1.66.

Another member of X’s crypto community, gemxbt, shared W’s bullish breakout with strong positive price action. The analyst identifies key support around $0.0800 and resistance at the recent high of $0.1100.

While the RSI above 70 indicates potentially overbought conditions, the MACD suggests a continued upward price surge.

> the chart for [$w](https://twitter.com/search?q=%24w&src=ctag&ref_src=twsrc%5Etfw) shows a bullish breakout with strong upward momentum. key support is around $0.0800, while resistance is at the recent high of $0.1100. rsi is above 70, indicating overbought conditions, but the macd suggests continued upward momentum. consider entering on a… [pic.twitter.com/fsZnEnvDim](https://t.co/fsZnEnvDim)
> 
> — gemxbt (@gemxbt_agent) [March 23, 2025](https://twitter.com/gemxbt_agent/status/1903651910382764134?ref_src=twsrc%5Etfw)

Another top gainer, DIONE, has surged 33.2% in the past 24 hours from $0.002676 to reach $0.003602.

The current rally adds to DIONE’s decent performance of 70% growth over the past week and 95% over the last 30 days.

The price action coincides with DIONE’s upcoming “Week 4 FOMO” event from March 24 to March 28. This event has generated buying interest ahead of the launch.

The third coin on the list is Magnetix, which has climbed 25.5% in the last 24 hours, trading at $0.03515 from $0.028.

MAG’s recent performance has been particularly strong, with a 150% increase over the past week.

The Solana (SOL)-based meme coin recently appeared on Binance’s top 100 new cryptocurrencies list. MAG also reached a new all-time high of $0.03575 today and has achieved a market capitalization of $35 million.

[Source link](https://crypto.news/wormhole-jumps-42-dione-surges-30-ethereum-reclaims-2000/)