The crypto market has experienced a slowdown since the rejection of bitcoin at $ 24,000 and dropped below $ 23,000. However, there are some cryptocurrencies that still find a way to register upward momentum even at a time when the broader digital asset market appears to be bullish.
Top 5 Cryptocurrencies Performing In The Last Days
Over the past two weeks, the narrative of artificial intelligence has entered the crypto market, causing a significant increase in the price of these tokens that implement AI. But while this token has done well in the past week, they have also seen a slowdown along with the rest of the market.
However, this report will focus on the top 100 coins by market capitalization that have seen gains in the last day between the red sea.
Rocket Pool (RPL)
Rocket Pool (RPL) has risen more than 14% in the last 24 hours. The cryptocurrency is the original token of one of today’s top liquid staking protocols, and has benefited from the increased attention given to the LSD token.
As the Ethereum “Shanghai” upgrade is getting closer, the LSD token has seen more momentum. This has helped keep the coin alive even as others suffer. Currently it is one of the few tokens in the top 100 record gains in 24-hour, 7-day, and 30-day timeframes.
RPL jumps 13% in 24 hours | Source: Coinmarketcap
Frax Share (FXS)
Next on the list is FXS, which is the native token of the Frax Share ecosystem. Frax Share claims to be the first protocol that allows partial support of cryptocurrency through collateral and algorithmic stability. The protocol has gained support from the crypto community since its launch and even more so in the last 24 hours.
At the time of writing, the price of FXS is sitting at $13.66, up over 9.8% in the last day. The market capitalization has now exceeded $1 billion with a trading volume of $225 million in the same period.
Lido DAO (LDO)
Lido DAO (LDO) is another token that has greatly benefited from the popularity of liquid staking. The protocol is probably the most successful of all the LSD protocols as it accounts for about 30% of all ETH purchased.
The cryptocurrency saw an impressive rise on a 24-hour basis after rising over 9.7% to cross the $2.80 level. Furthermore, the coin also rose over 21% in the last 24 hours, becoming one of the top 100 performers in the one week period.
Chainlink (LINK)
LINK token is one of the cryptocurrencies that has done well in the market. Despite being one of the altcoins that followed the price of bitcoin as it became the top 25 cryptocurrency, LINK has been able to confirm its gains in the last 24 hours.
Data from Coinmarketcap shows that the price of LINK rose by more than 7.4% in this 24-hour period. Furthermore, the protocol also saw a rise of 2.74% in the one-to-one chart. LINK has now cleared the $7.70 level with higher to come.
Polygon (MATIC)
Now, compared to the rest of the cryptocurrencies on this list, Polygon (MATIC) has not done well, but the fact that the digital asset remains in the green has landed on the list. Even with a 2.93% gain at the end of 24 hours, MATIC is still one of the top performing coins in the top 100 at the end of 24 hours.
The blockchain has been adopted by major players such as Reddit which has helped raise its value. The change in this exchange rate is 7.68%.
MATIC’s total market capitalization is currently trending at $11.5 billion making it the 10th largest cryptocurrency in the space. However, it is only $200 million below Dogecoin, which is in ninth place. So if MATIC’s upward momentum continues and DOGE refuses to move, then MATIC could be flipping Dogecoin for ninth place.
BONUS – PancakeSwap (CAKE)
PancakeSwap (CAKE) has also done well in the market over the past 24 hours. The original token of the decentralized exchange saw a rise of 2.28% during this period, as well as 9.44% in the seven-day chart.
Total market cap sitting above 1$ trillion | Source: Crypto Total Market Cap on TradingView.com