- Cryptocurrency market shows signs of recovery, despite fear index remaining high.
- Bitcoin struggles to break $30,000 resistance, while altcoins experience price fluctuations.
- Pepe, RUNE, and RNDR coins see a rise, while Solana experiences a dip.
Delving into the recent performance of cryptocurrencies, this article discusses the market’s recovery, the struggle of Bitcoin, and the fluctuating prices of altcoins.
Overview of Cryptocurrency Performance
The cryptocurrency market has been showing signs of recovery, with most coins, including Bitcoin, experiencing a price increase within the last 24 hours. However, the Fear and Greed Index remains stagnant, indicating a continued state of fear in the market.
Performance of Altcoins
Bitcoin’s price remains below the $30,000 resistance, with a marginal increase of about 0.08% in the last day. Other well-known altcoins, such as Cardano and Solana, have experienced losses. Ethereum has seen a slight increase of 0.32% in the last 24 hours, while XRP coin price has observed a loss of 0.35%. Solana faced a bearish trend with a price decrease of 1.93%. On the other hand, Polygon, which was trading above the red zone a few days ago, has again experienced a decrease of 0.19% since the last day. Polkadot coin price recorded an increase of nearly 0.49% within a day.
Price Increase in Three Altcoins
Pepe coin showed an increase of 0.89%. The price of Pepe coin has been hosting minor upward movements for two consecutive days, with a nearly 1% increase since yesterday. The global market value stands at $315.02 million. Pepe cryptocurrency bulls are trying to hold on, but the channel’s model should be closely watched by cryptocurrency holders for any potential reversal.
RUNE token increased by 7.31%. THORChain’s RUNE token has shown an increase of nearly 8% in the last 24 hours. The global market value is $541,646,201. RUNE managed to avoid being affected by the selling pressure experienced in the last seven days and showed an increase of more than 4% during the same period.
RNDR crypto token showed an increase of 5.82%. Render’s RNDR token price has shown an increase of more than 5% in the last 24 hours. The global market value is $538,351,174. RNDR managed to resist the bears in the last 7 days and managed to stay on the green line.
Solana’s Performance
SOL token decreased by 1.63%. Solana’s SOL token price has shown a decrease of more than 1% in the last 24 hours. The global market value is $8,069,444,965. The bears came after SOL token experienced significant price increases in the last few days. However, data from DefiLlama shows that Solana’s Total Locked Value (TVL) and stablecoin market value have not changed significantly.
Conclusion
The cryptocurrency market is showing signs of recovery, with most coins experiencing a price increase. However, the Fear and Greed Index remains in the fear zone, indicating a cautious market sentiment. While Bitcoin struggles to break the $30,000 resistance, altcoins are experiencing price fluctuations. Pepe, RUNE, and RNDR coins have seen a rise, while Solana has experienced a dip.
