The crypto market has slowed since Bitcoin rejected at $24,000 and then fell below $23,000. However, even at a time when the broader digital asset market appears to be bullish, there are still some cryptocurrencies finding ways to register upward momentum.
Top 5 Cryptocurrency Runs Over the Last 5 Days
Over the past two weeks, the artificial intelligence narrative has permeated the cryptocurrency market and significantly increased the prices of these tokens that implement AI. However, while these tokens performed well last week, they have also seen a slowdown like the rest of the market.
Instead, this report will focus on the top 100 coins by market cap that rose on the last day within the Red Sea.
Rocket Pool (RPL)
Rocket Pool (RPL) is already up over 14% in the last 24 hours alone. The cryptocurrency is currently the native token of his one of the top liquid staking protocols and has benefited from the growing interest in LSD tokens.
LSD tokens are already gaining momentum as the Ethereum “Shanghai” upgrade approaches. This helped keep the coin afloat even when others were struggling. One.
RPL jumps 13% in 24 hours | Source: Coinmarketcap
Flux Share (FXS)
Next on our list is FXS, the native token of the Frax Share ecosystem. Frax Share claims to be the first protocol to allow partial backing of cryptocurrencies through collateral and algorithmic stability. The protocol has enjoyed support from the crypto community since its inception, with further support in the last 24 hours.
At the time of writing, FXS is priced at $13.66, up over 9.8% on the last day. Its market capitalization is now over $1 billion, and he has $225 million in trading volume over the same period.
Lido DAO (LDO)
Lido DAO (LDO) is another token that has benefited greatly from the popularity of liquid staking. This protocol is perhaps the most successful of all LSD protocols, given that it accounts for about 30% of staked ETH.
The cryptocurrency is showing an impressive 24-hour gain after surpassing the $2.80 level with a gain of more than 9.7%. What’s more, the coin has seen him rise more than 21% in the last 24 hours, making him one of the top 100 best performers in a single week.
Chain link (LINK)
LINK token is one of the cryptocurrencies that are doing very well in the market. Despite being one of the top 25 cryptocurrencies and one of the altcoins that closely follows Bitcoin’s price, LINK has been able to see gains in the last 24 hours.
data from coin market capitalization It shows that the price of LINK has increased by more than 7.4% in the last 24 hours. Additionally, the protocol has also seen a 2.74% rise in the one-you chart. LINK has now cleared the $7.70 level and is expected to move higher.
Currently, compared to other cryptocurrencies on this list, Polygon (MATIC) has not fared so well, but the fact that the digital asset remains green puts it on the list.2.93 in the last 24 hours % increase, MATIC is still one of the top 100 best performing coins in the last 24 hours.
Blockchain has already been adopted by major players such as Reddit to help increase its value. It is also up 7.68% last week.
MATIC’s market cap currently stands at $11.5 billion, making it the 10th largest cryptocurrency in the space. However, he is only $200 million short of No. 9 Dogecoin. So, if MATIC’s upward momentum continues and DOGE refuses to move, MATIC could push his Dogecoin to his ninth spot.
Bonus – Pancake Swap (Cake)
PancakeSwap (CAKE) has also performed well in the market over the last 24 hours. The decentralized exchange’s native token is up 2.28% over the period, and he’s up 9.44% on the 7-day chart.
Total market cap sitting above 1$ trillion | Source: Crypto Total Market Cap on TradingView.com