The post 3 Altcoins Outperforming Bitcoin Amidst Market Dip appeared first on Coinpedia Fintech News
While the crypto community is still waiting for Bitcoin to cross $100k, the total market cap of Crypto increased by 1.56% in the last 24 hours. Bitcoin suffered a loss of 4.22% and is now trading at $95,643, however there are some alts unaffected by its movement. Let’s explore the top 3 altcoins outperforming Bitcoin today.
Ethereum Name Service
The token of distributed, open and extensible naming system based on
Ethereum has gained almost 40% in the last 24 hours. It has witnessed an amazing surge of 371% in its volume. Currently trading at $35.32 . ENS has been moving in a zone between $11.53 and $29.77 for around 11 months and now trying to break free. In the last two days, it has spiked 75.51% and touched a peak at $38.94. This has become one of the altcoins outperforming Bitcoin. This is still almost 60% down from its all time high at $85.69, but looking at the coldness of market for past some years, it is a great movement. RSI at 85.15 shows the token is oversold and might take a rest before continuing its journey. It faces a major resistance at $37.75.
World Coin
Even though Worldcoin is facing some legal issues in many countries, investors are pouring in. Taking a spot at 60 in top 100 cryptos according to market cap, the token is up by 13.60% as compared to the previous day. This altcoin has a trading volume of $688.53 million and is up by 58.61% according to coinmarketcap data. The token has been moving between $1.31 and $2.87 since the start of July of this year. The is 77.67% below its all time high of $11.82.
Ethereum Classic
ETC is the second ethereum based token in our list. It is up by 88.86% since the US elections but still down by 81.83% from its all time high at $176.16 four years ago. The token is up by 6.42% in the last 24 hours. The amazing thing is the 103.84% rise in trading volume. RSI is at 69.23% showing there is still scope for rise however it faces a resistance at $32.85.
Looking Ahead
Even though Altcoins follow Bitcoin for up and down movements, these cryptocurrencies are gaining independently. This shows how the crypto market is evolving over the period of time. Slowly but steadily there are altcoins outperforming Bitcoin in the market.
#PriceAnalysis #Altcoins [Source: Coinpedia]