Top 3 Altcoins Outpacing Bitcoin During This Crypto Crash!
Cryptocurrencies are currently facing a downtrend, with Bitcoin failing to break the crucial resistance price of $30,000 and starting to go lower. As a result, most altcoins have also followed suit, with their prices falling in tandem. However, a few altcoins have managed to buck this trend and have shown positive gains over the past seven days. In this article, we mention the top 3 altcoins that are outperforming Bitcoin during this crypto crash.
PS. there are many new cryptocurrencies that earn over 1000% because their market cap is so small and easily manipulated. In this article, we focus on those with market capitalizations higher than $500 million.
How Did Bitcoin Work Recently?
Bitcoin started the week hovering around 29K, and despite several attempts, prices failed to breach the crucial 30K price mark for the fourth time in recent months. Although Bitcoin managed to produce a fakeout above 30K that lasted for three days, the price later retreated. As a result, Bitcoin is currently down 7%, and the entire crypto market has also taken a hit, down 5%. Nevertheless, Bitcoin’s dominance in the crypto market is still significant, currently standing at around 46%. These recent market swings highlight the volatility of cryptocurrencies and the importance of conducting thorough research before investing.
Top 3 Altcoins Outperforming Bitcoin
#3 Unus Sed Leo (LEO) +2.4%
Unus Sed Leo is a cryptocurrency, also known as LEO, which was launched in May 2019 by the Bitfinex exchange. The name “Unus Sed Leo” is Latin for “One but a Lion” and is meant to symbolize strength, power and unity. LEO is an ERC-20 token, meaning it is built on the Ethereum blockchain. Its primary purpose is to provide a utility token for traders and investors on Bitfinex, with benefits such as reduced trading fees, access to exclusive trading products, and enhanced withdrawal and deposit limits.
#2 Bitcoin SV (BSV) + 10.9%
Bitcoin SV (Satoshi Vision) is a cryptocurrency created in November 2018 as a result of a hard fork of the original Bitcoin Cash blockchain. Bitcoin SV aims to restore the original vision of Bitcoin, as described by its creator, Satoshi Nakamoto, by increasing the block size limit from 32MB to 128MB and returning to the original Bitcoin protocol. This results in faster transaction times and lower fees, making it more convenient for everyday use. Bitcoin SV also aims to enable businesses and developers to build decentralized applications (dApps) on top of the blockchain and provide a stable platform for business use. Despite controversy surrounding its founder, Craig Wright, Bitcoin SV has gained a following among some members of the crypto community.
#1 Kava (KAVA) + 36.9%
Kava is a decentralized finance (DeFi) platform built on the Cosmos blockchain. The platform aims to provide users with a wide range of financial services, including lending, borrowing and trading, all in a decentralized manner. Kava uses a dual-token system, where the KAVA token serves as the platform’s native token, and the USDX stablecoin is used for lending and borrowing activities. Kava’s lending and borrowing services enable users to earn interest on their cryptocurrency holdings, while the trading platform offers access to various cryptocurrencies and tokens. Kava is designed to be highly scalable and interoperable, enabling seamless integration with other blockchain networks. The project has gained significant attention in the crypto community and has partnerships with prominent industry players such as Binance, Huobi and Chainlink.
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