The crypto market has been seeing a slowdown since bitcoin’s rejection at $24,000 and its subsequent decline under $23,000. Nonetheless, there are some cryptocurrencies which have nonetheless discovered a technique to register upward momentum even at a time when the broader digital asset market appears to be turning bullish.

Prime 5 Performing Cryptocurrencies In The Final Day

Over the past two weeks, the unreal intelligence narrative has seeped into the crypto market, inflicting a big run-up within the costs of those tokens that implement AI. However whereas these tokens have executed properly within the final week, they, too, have additionally seen a slowdown together with the remainder of the market.

As an alternative, this report will give attention to cash within the prime 100 by market capitalization that has seen features within the final day among the many sea of pink. 

Rocket Pool (RPL)

Rocket Pool (RPL) is already up over 14% within the final 24 hours alone. The cryptocurrency is the native token of one of many prime liquid staking protocols at present, and it has benefitted from the elevated consideration being given to LSD tokens.

Because the Ethereum “Shanghai” improve has drawn nearer, LSD tokens are already seeing extra momentum. This has helped to maintain the cash afloat even at a time when others are struggling. It’s at present one of many few tokens within the prime 100 recording features on the 24-hour, 7-day, and 30-day timeframes.

Rocket Pool (RPL) Top 5 cryptocurrencies

RPL jumps 13% in 24 hours | Supply: Coinmarketcap

Frax Share (FXS)

Subsequent on the checklist is FXS, which is the native token of the Frax Share ecosystem. Frax Share claims to be the primary protocol to permit the partial backing of a cryptocurrency by means of collateral and algorithmic stability. The protocol has loved assist from the crypto neighborhood since its launch and much more so within the final 24 hours.

As of the time of writing, the worth of FXS is sitting at $13.66, up over 9.8% within the final day. Its market cap has now crossed $1 billion with a buying and selling quantity of $225 million in the identical time interval.

Lido DAO (LDO)

Lido DAO (LDO) is one other token that has benefitted enormously from the recognition of liquid staking. The protocol is arguably probably the most profitable out of all the LSD protocols provided that it accounts for round 30% of all the staked ETH.

The cryptocurrency is seeing a formidable upside on a 24-hour foundation after rising over 9.7% to cross the $2.80 stage. Moreover, the coin can be up over 21% within the final 24 hours, making it probably the greatest performers of the highest 100 within the one-week interval.

Chainlink (LINK)

The LINK token is among the cryptocurrencies that has executed extremely properly available in the market. Regardless of being one of many altcoins that intently follows the worth of bitcoin as a result of it being a prime 25 cryptocurrency, LINK has been capable of verify features within the final 24 hours.

Information from Coinmarketcap exhibits that LINK value is up greater than 7.4% on this 24-hour interval. Moreover, the protocol can be seeing an upside of two.74% on the one-you chart. LINK has now cleared the $7.70 stage with extra upside anticipated to come back.

Polygon (MATIC)

Now, in comparison with the remainder of the cryptocurrencies on this checklist, Polygon (MATIC) has not executed as properly, however the truth that the digital asset has remained within the inexperienced has landed it on the checklist. Even with 2.93% features within the final 24 hours, MATIC continues to be one of many best-performing cash within the prime 100 within the final 24 hours.

The blockchain has already been adopted by main gamers equivalent to Reddit which has helped to drive its worth up. It is usually seeing an upside of seven.68% within the final week. 

MATIC’s whole market cap is now trending at $11.5 billion which makes it the tenth largest cryptocurrency within the house. Nonetheless, it is just $200 million under Dogecoin, which sits in ninth place. So if MATIC’s upward momentum have been to proceed and DOGE refuses to maneuver, then MATIC might be flipping Dogecoin for the ninth place.

BONUS – PancakeSwap (CAKE)

PancakeSwap (CAKE) has additionally executed properly available in the market up to now 24 hours. The native token of the decentralized change is seeing an upside of two.28% on this time interval, in addition to a 9.44% on the seven-day chart.

Market cap chart of all cryptocurrencies from TradingView.com

Complete market cap sitting above 1$ trillion | Supply: Crypto Complete Market Cap on TradingView.com
Comply with Finest Owie on Twitter for market insights, updates, and the occasional humorous tweet… Featured picture from Coingape, chart from TradingView.com



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