Five Altcoins Poised for Bull Market: Strong Performance Noted in Crypto World (Including Coin Name and Symbol)

  • Despite Bitcoin’s (BTC) dip to $61,500, some altcoins have maintained a strong stance.
  • The crash of Coinbase, America’s largest crypto exchange, shook Bitcoin, causing a drop from $62,700 to $61,400, which subsequently affected altcoins.
  • However, some altcoins managed to stay strong and rise. So, which altcoins were these? Which projects are crypto investors leaning towards?

Despite Bitcoin’s recent dip, certain altcoins have demonstrated resilience, attracting the attention of crypto investors. This article explores the top five altcoins that have managed to stay strong and rise.

1- Lido DAO (LDO)

One of the first cryptocurrencies that come to mind when Ethereum is mentioned, LDO, recorded a 3.30% increase in the last 24 hours. Despite the pullback in BTC, LDO showed an upward trend, providing confidence in both the pair and ETH basis. Higher levels could be targeted for LDO if ETH recovers.

2- Tron (TRX)

TRX, which has attracted attention with its solid stance in recent days, signed a 2% increase in a short time. The popular coin, which made itself known with Justin Sun’s prominence, seems to occupy the agenda for a while longer.

3- THORChain (RUNE)

RUNE, which was not much affected by the downward movements in Bitcoin, caught the upward momentum again. The altcoin, which gained 1.80% in the last 24 hours, pleased its ecosystem and investors. Especially in the altcoin bull, RUNE could stand out as a project that can make a difference.

4- Unus Sed Leo (LEO)

LEO, known for its reverse pricing to BTC, did not surprise this time either. LEO, which managed to rise while Bitcoin was losing value, exhibited a 1.60% increase, ranking fourth on the list. LEO investors are eagerly awaiting the next price moves.

5- Ethena (ENA)

ENA, one of Binance’s latest launchpools, managed to increase a bit by defying Bitcoin. The popular altcoin, which recorded a 0.50% increase in the last 24 hours, continues to work as resistance at the one dollar band. Volatile movements can be observed in the pair if ENA exceeds one dollar.

Conclusion

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making decisions.

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Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
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