As cryptocurrency prices recovered on May 10th, three coins in the top 100 boasted impressive price increases of 15% or more. According to data from CoinMarketCap, the total crypto market cap increased by around 2.4%, with over $55.9 billion flowing into native blockchain assets in the past 24 hours. At a current valuation of $2.33 trillion, the market demonstrated signs of stability.

Toncoin (TON), the crypto issued by the Telegram-endorsed chain, The Open Network, emerged as one of the top gainers. TON's uptrend resulted in a 17% price increase, taking the token beyond $7 at the time of writing. Additionally, Toncoin surpassed the popular memecoin Dogecoin (DOGE) by market cap and reclaimed the eighth position among the biggest cryptocurrencies. The Telegram-affiliated token was also gaining on Ripple's XRP, with TON rising 27% in the past week while XRP lost over 2% during the same period.

Decentralized storage token Arweave (AR) also benefited from the market recovery, growing over 16% daily to trade for more than $44 per coin. This price surge helped AR close the gap between competitors like Filecoin (FIL) and Internet Computer (ICP).

However, the day's largest gainer was Akash Network (AKT), a decentralized cloud platform that enables users to rent and sell computing resources. AKT experienced a remarkable 27% price jump, outperforming other top gainers.

While these altcoins stole the spotlight, major cryptocurrencies also saw notable gains. Bitcoin (BTC) gained nearly 3%, one of the largest increases in the top 10 virtual currencies, after Solana's (SOL) impressive 7% ascent.

The market recovery and the strong performance of select altcoins suggest a renewed investor interest in the cryptocurrency space. As the market steadies, traders and investors appear to be seeking out opportunities in lesser-known projects with promising use cases, such as decentralized storage and cloud computing.

However, it remains to be seen whether these gains will be sustained or if the market will experience further volatility in the coming days. Investors are advised to exercise caution and conduct thorough research before making investment decisions.