- The global crypto market has recently exhibited a significant downward trend.
- Toncoin, Conflux, and Cardano have succeeded in registering gains amidst the slump.
- Toncoin has overtaken Dogecoin, becoming the 8th largest cryptocurrency by market cap.
The global crypto market has recently exhibited a significant downward trend. After a considerable price hike, Bitcoin
Despite the broad-based slump, several altcoins, such as Toncoin
Top Crypto Performers of the Day
Toncoin has emerged as the third-best performer, with a 2.66% rise in the past 24 hours, contributing to its week-long increase of 7% and offsetting previous losses. While most assets witnessed monthly performance dips, TON maintained its rally and reported a 20% surge. This positive trend has allowed Toncoin to overtake Dogecoin, becoming the 8th largest cryptocurrency by market cap.
Currently, TON is trading at $7.96 with a market cap of $19.59 billion, now 3% beneath its all-time high of $8.24. The recent momentum for Toncoin could be attributed to its listing on Kazakhstani exchanges and increased investments from Pantera Capital.
Cardano has also demonstrated significant growth, rising 3.87% to a peak of $0.4219. This increase has elevated its market cap to $14.85 billion, with a 22% surge in daily trading volume. The recent rise is likely fueled by expected network enhancements and increased on-chain activity, indicating bullish sentiment despite market instability.
Conflux has been another notable performer, climbing 6.63% in the last 24 hours to a high of $0.1752, topping the gainers list. Over the past week, Conflux has surged over 10%, with a current market cap of $730 million. However, the daily trading volume for Conflux dropped by 28%, suggesting some caution among traders.
In summary, while the wider crypto market grapples with fluctuations and regulatory hurdles, certain altcoins demonstrate bullish trends.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
