While the cryptocurrency industry’s total market cap growth deserves 1.99% applause, it is a far cry from the $ 2.5 trillion that was once recorded in May.
Attributed to the Fear, Uncertainty, and Doubt (FUD) spread by Tesla CEO Elon Musk and China’s subsequent crypto ban. The entire crypto ecosystem has collapsed under the weight of bearish sell-offs. This has brought many coins to their lowest levels in weeks.
Currently, the cryptocurrency ecosystem is seeing a weekend when sales activity has been overshadowed by the bulls, which is reflected in robust trading volumes. The resulting impact has resulted in a massive jump in prices for some altcoins, and three of the standout coins are listed below.
OKB remains one of the top performers today, rising 13.03% to $ 10.90 in the past 24 hours. OKB had its fair share of the sure market slump, falling from its all-time high (ATH) of $ 44.17, which it hit over two months ago. Although the coin is 75% below the price level, it has outperformed itself when compared to its all-time low (ATL) value of $ 1.25, which has been hit since 2019.
Telcoin is one of the most affordable altcoins currently trading $ 0.01949, growing 25.85% in the last 24 hours. While telcoin is intended to serve as a bridge between cryptos, blockchain, and the telecommunications industry, it has gained notable prominence in the remittance industry. Telcoin’s remarkable growth propelled it up more than 29,000% from its ATL set about a year ago.
Meanwhile, this DeFi token is one of the top performers among its competitors, rising 20.33% to $ 13.18. SNX is one of the most versatile altcoins, previously named one of the top winners in a previous Blockchain.News report. While SNX as a derivatives market has a total value locked of $ 1.21 billion, the token has mined most of its profits in the past five months.
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