Altcoins
New Altcoins Rising on the Market; Analyzed
July 1st was quite favorable for the altcoins as their global market cap has seen a significant surge, but today it has not followed the same trend perfectly. However, the current market situation has been enough to push up some altcoins that were trending down with the change in investor sentiments. According to the index of fear and greedMarket sentiment is at 49, a neutral zone, but it is better than a previous score of 44. Altcoin rally stories have come out in the market, but before that, take a look at today’s rising cryptocurrencies after fighting off declines.
Toncoine (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 faced a decline after its rally days, but today things have changed. In the last 24 hours, the Price TON has increased by 4% and is currently sitting at $8.00, beating Dogecoin in the top cryptocurrency rankings due to its high market cap.
Dots (DOT)
Polkadot Price has been struggling since its March rally, when the price rose to $11.54. It has been on a downward trend in recent months, falling to as low as $5.6 by the end of June. But it has made a nice comeback this week, trading at $6.39 after a 9% gain. While it is still down 10% from its monthly stats, the gain is worth counting.
Solana (SOL)
Solana has only been decent this year, with no major gains aside from the March rally. After the altcoin’s downfall, SOL struggled previously, with the price dropping to $123.96. However, things started to change when the Solana ETFs
discussion is highlighting its demand in the market. Two companies, namely VanEck and 21Shares, have already applied for the Spot Solana ETF due to its low cost and high transaction capabilities. At the time of writing, the Price Solana
rose to $148.67 after an 8% increase.
Shot (shot)
BONK and many other popular ones Solana meme coins They have shown bullish behavior after having a slight decline in the last few days. They gained huge popularity at the beginning of the year, but they were missed when the market turned slightly bearish. BONK Price has gained 5% in the last 24 hours and 10% during the week, bringing the value to $0.00002526. It is still significantly down from its best performing days, as the ATH is 46% away.
Many other altcoins are attempting similar recoveries, making new gains after days or weeks. It was a decent start to the month after facing a heavy fall by the end of June. It remains to be seen whether the month can turn bullish or whether the market will continue like this.
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