- Despite Bitcoin’s (BTC) recent 7% loss in value, certain altcoins have shown resilience and promise.
- After reaching $65,500, Bitcoin began a downward trend, testing $60,900 in a short period.
- Despite the bearish trend of the crypto market leader, some altcoins have managed to maintain an upward momentum.
Explore the altcoins that have demonstrated strength and potential for growth despite Bitcoin’s recent downturn.
1- Kaspa (KAS)
After making a splash in the last quarter of 2023, KAS had a strong start to 2024. However, the popular altcoin underwent a correction and failed to meet the expectations of the ecosystem and investors. Now, KAS is gaining momentum again, securing the top spot with a 10% increase in the last 24 hours.
2- Akash Network (AKT)
AKT, the leading altcoin in the cloud service provider category, demonstrated a performance increase of 8.90% in the last 24 hours. Frequently featured on this list, AKT is signaling a new trend. If the upward momentum continues, AKT could ignite a new frenzy.
3- THORChain (RUNE)
RUNE, which has struggled to maintain a stable price structure, recorded an 8.30% increase in the last 24 hours. As a noteworthy name among ecosystem projects, RUNE has renewed confidence by rising despite Bitcoin. RUNE investors are keenly following the coin’s future price movements.
4- Pepe (PEPE)
PEPE, aiming for Dogecoin’s throne in the memecoin frenzy, drew attention with a 5.80% increase in the last 24 hours. Compared to other memecoins, the popular altcoin has a clearer price structure and has shown strength both in terms of parity and memecoin trend.
5- Render (RNDR)
RNDR, one of the best-performing projects in the artificial intelligence category, marked a 5.70% increase in the last 24 hours. The prominence of artificial intelligence not only in the crypto industry but globally has significantly increased demand for RNDR. As one of the highest-rising altcoins in recent days, RNDR is becoming a regular on this list.
Conclusion
Despite Bitcoin’s recent downturn, certain altcoins have shown resilience and potential for growth. These include Kaspa (KAS), Akash Network (AKT), THORChain (RUNE), Pepe (PEPE), and Render (RNDR). Investors are advised to conduct their own research before making investment decisions.
