Altcoins
Altcoins Booming in the Market; Analyzed
July 1st was rather favorable for the altcoins as their global market capitalization has seen a sharp increase, but today it has not followed the same trend perfectly. However, the current market situation has been enough to make a few altcoins that were following a downward trend jump with the change in investor sentiment. According to the fear and greed indexMarket sentiments are at 49, a neutral zone, but that’s better than a previous score of 44. Altcoin rally stories are in the market, but before that, check out today’s rising cryptos after battling declines.
Toncoin (TON)
Toncoin is now just 3% away from its all-time high of $8.25, set in mid-June. However, like other altcoins, Toncoin has also seen a decline after its rally days, but that has changed today. Over the past 24 hours, the TON Price rose 4% and currently sits at $8.00, beating Dogecoin to the list of top cryptos with its high market cap.
Dots (DOT)
Polkadot Price The stock has been struggling since its March rally, when it hit $11.54. It has been on a downward trend in recent months, with its value dropping as low as $5.60 by the end of June. But this week, it has made a comeback, trading at $6.39 after a 9% gain. While it is still down less than 10% from the month’s figures, the gain is worth considering.
Solana (SOL)
Solana has been pretty decent this year, with no major breakouts other than the March rally. After the altcoin crash, SOL struggled earlier, with the price dropping to $123.96. However, things started to change when the Solana Exchange Traded Fund (ETF)
The discussion is driving demand in the market. Two companies, namely VanEck and 21Shares, have already applied for the Solana Spot ETF due to its low cost and high trading capabilities. At the time of writing, Solana Price
jumped to $148.67 after rising 8%.
Bonk (BONK)
BONK and many other popular Solana Meme Pieces Stocks have been showing bullish behavior after experiencing a slight pullback in recent days. They gained popularity at the beginning of the year, but lost popularity once the market turned slightly bearish. BONK Prize has gained 5% in the last 24 hours and 10% over the week, bringing the value to $0.00002526. It is still in high loss compared to its best performing days, as the ATH is at 46%.
Many other altcoins are attempting similar recoveries, generating new gains after a few days or weeks. The start of this month has been decent after facing a sharp drop in late June. It remains to be seen whether the month can turn bullish or if the market will continue in the same way.
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