Altcoins
5 Altcoins Reclaim High After Stock Market Crash
Following the recent stock market crash, the global crypto market is slowly moving towards recovery. Despite major obstacles, Bitcoin And Ethereum are still struggling, while some altcoins have surprisingly become leaders, demonstrating their resilience and strong rebound. Livepeer (LPT), Notcoin (NOT), Stacks (STX), Toncoin (TON), and Injective (INJ) stood out from the rest, showing impressive performance despite general market trends.
1. Livepeer (LPT)
Livepeer (LPT) has seen a comeback, posting a significant growth of 16.62% over the past 24 hours and a steady 4.99% increase over the past week. With a price of $24.44, Livepeer the market capitalization increased to $800.66 million, boosted by a trading volume of $140.3 million in the last 24 hours.
LPT’s strong presence in the market is highlighted by its circulating supply of 5,743,984 tokens. Investor interest in this video streaming network protocol has led to its remarkable turnaround, positioning it as the best performer among altcoins.
2. Notcoin (NOT)
Notcoin (NOT) also stands out for its substantial recovery. Although there has been a slight decline recently, the token still managed to rise by 10.64% over the past 24 hours, despite being down 17.96% from the previous week.
With a price of $0.01801, Notcoin has a market capitalization of $1.85 billion and an impressive trading volume of $1.26 billion in the last 24 hours. The significant rebound of the token, despite not having 70,000,681,661 in circulation, demonstrates its strength and the market’s confidence in its future prospects.
3. Batteries (STX)
Stacks (STX) had a somewhat mixed performance, with a small rise of 7.46% the day before and a growth of 2.43% last week. Stacks is trading at a price of $2.32, giving it a total market capitalization of $3.4 billion and a 24-hour trading volume of $0.78 million.
Even with a slight decrease, Battery still manages to maintain investor confidence, as shown by its circulating supply of 124,903,979 STX. The network’s focus on integrating smart contracts and decentralized applications into Bitcoin may have contributed to its partial comeback.
4. Toncoin (TON)
TON is added to this range due to its strong rebound. Toncoin price of $7.59, which saw an increase of 6.96% in the last day and 3.78% in the previous week, demonstrates its strong position in the market. The market capitalization reached $18.47 billion, driven by a trading volume of $512.2 million in the last 24 hours.
67,500,386 TON’s significant presence in the market is highlighted by its circulating supply, driven by its association with the open Telegram network, offering a special blend of security and scalability.
5. Injective (INJ)
Injective (INJ) today completes the list of the best performing altcoins. Over the past day, the token has seen a growth of 6.44%, along with a remarkable 15.69% rise over the past week.
Injective’s market capitalization is $2.83 billion, with a 24-hour trading volume of $337.16 billion while its price is set at $30.26. With 11,100,904 INJ in circulation, this decentralized derivatives trading platform is showing strong market progress, highlighting its potential for continued expansion.
Conclusion
Despite the gradual recovery of the overall cryptocurrency market, these altcoins have shown impressive resilience and rebound. Livepeer, Notcoin, Stacks, Toncoin and Injective (INJ) present the possibility of substantial recoveries in the cryptocurrency sector, providing a glimmer of optimism for investors navigating the volatile cryptocurrency market. As the market further stabilizes, these alternative cryptocurrencies could lead to a new period of growth and innovation in the cryptocurrency sector.