Which altcoins did bulls turn to during the crypto downturn?

2024-08-28 23:10:46

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As the downward trend continues in the cryptocurrency market, which altcoins did the bulls turn to?

Bitcoin (BTC) retreated from $64,000 to $58,000 two days ago. Despite its efforts to regain $60,000, the leading cryptocurrency was not successful. While the market outlook remains negative, the rise of altcoins has caught attention.

Bullish appetite was seen in the standout altcoins of the day.

Which altcoins have distinguished themselves from the cryptocurrency market and risen to the top?

Dogs (DOGS)

Dogs (DOGS), which has reached millions of users in a short period of time with its platform built on Telegram, took the top spot of the day. The popular memecoin of the Ton ecosystem rose 22.7% in the last 24 hours.

According to CoinGecko data, the market value of DOGS has reached $780 million. The famous memecoin recorded a trading volume of $2.3 billion in the last 24 hours.

Immutable (IMX)

Immutable (IMX), an NFT creation platform built on the blockchain, rose 9% in the last 24 hours, making it the second most valuable altcoin of the day.

IMX, which recorded a trading volume of $80 million in the last 24 hours, reached a market value of $2.33 billion.

LayerZero (ZRO)

LayerZero (ZRO), the Web3 project that enables data transfer between blockchains and supports decentralization, was among the top gaining altcoins of the day. ZRO, a new player in the crypto market, rose by 8% in the last 24 hours.

ZRO, which has achieved a transaction volume of 100 million dollars in the last 24 hours, has reached a market value of 450 million dollars.

Sundog (SUNDOG)

Sundog (SUNDOG), one of the first memecoins created on the Sun Pump platform, launched on the Tron blockchain, remains popular. The memecoin, which quickly gained popularity, is among the top gainers of the day. SUNDOG has risen by 6.1 percent in the last 24 hours.

SUNDOG, which has a market value of over 250 million dollars, recorded a trading volume of 104 million dollars in the last 24 hours.

Chromia (CHR)

Chromia (CHR), a blockchain initiative created with a programming language called Rell, has risen by 7.7% in the last 24 hours. It has become one of the prominent altcoins of the day.

CHR, which has reached a market value of 172 million dollars, recorded a trading volume of 39 million dollars in the last 24 hours.

This article does not contain investment advice or recommendation. Every investment and trading move involves risk and readers should conduct their own research when making a decision.

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