- Bitcoin, the leading cryptocurrency, has experienced a nearly 4% drop in the last 24 hours. Which altcoins have managed to diverge from the bear market?
- The cryptocurrency market continues to be pessimistic. Bitcoin (BTC), the leading cryptocurrency, has experienced another sharp drop. BTC fell nearly 5% on May 10.
- With the fall of BTC, there was an outflow of money from altcoins. Many altcoins have experienced a drop of between 10% to 20%.
Despite the negative outlook in the cryptocurrency market, some altcoins have managed to maintain strength. Which altcoins have managed to diverge in the last 24 hours when BTC has fallen?
1- Metaplex (MPLX)
Metaplex (MPLX), a crypto project that allows NFTs to be created, managed, and bought and sold, was the altcoin that experienced the most increase on the day. MPLX experienced a 13.9% increase in the last 24 hours. MPLX, which managed to diverge from the bearish crypto market, had a trading volume of 2 million dollars in the last 24 hours. According to CoinGecko data, MPLX’s market value is at the level of 191.36 million dollars.
2- UMA (UMA)
UMA (UMA), an open-source protocol that allows developers to create their own financial contracts, is the second highest rising altcoin of the day. UMA has increased by 10.9% in the last 24 hours. According to CoinGecko data, UMA’s trading volume in the last 24 hours was 127 million dollars. UMA has a market value of 330 million dollars.
3- Aleph Zero (AZERO)
Aleph Zero (AZERO), closely followed by Turkish crypto investors, was one of the altcoins at the peak of the day. AZERO, which aims to increase speed, verification time, and scalability on the blockchain, increased by 4.6% in the last 24 hours. According to CoinGecko data, AZERO had a trading volume of 1.2 million dollars in the last 24 hours. AZERO’s market value is at the level of 282 million dollars.
4- SafePal (SFP)
SafePal (SFP), one of the most popular cryptocurrencies of a period and managed to get the support of Binance, was the fourth highest rising altcoin of the day. SFP, a crypto wallet and asset hosting platform, hosted a 4.3% increase in the last 24 hours. According to data obtained from CoinGecko, SFP’s trading volume in the last 24 hours was 10.9 million dollars. SFP has a market value of 374 million dollars.
5- Ampleforth (AMPL)
Ampleforth (AMPL), an Ethereum-based crypto project with an algorithmic circulation supply, was the fifth highest rising altcoin of the day. AMPL, which aims to be a crypto project unaffected by Bitcoin’s price movements, increased by 2.7% in the last 24 hours. According to data provided by CoinGecko, AMPL’s trading volume in the last 24 hours was 1.8 million dollars. AMPL has a market value of 220 million dollars.
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.
