Layer 1 Altcoins Cease Bitcoin Drop: AVAX, DOT, FTM Surge

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  • Altcoins are anticipated to rise as Bitcoin dips beneath the $95,000 worth stage.
  • AVAX and DOT have risen 62.74% and 105.55% prior to now month.
  • XDC has turned bullish over the previous day, surging 11% in 24 hours.

Bitcoin (BTC)’s current drop beneath $95,000 has triggered a decline within the altcoin market, creating a possible shopping for alternative. Some layer 1 altcoins particularly are exhibiting sturdy bullish alerts.

These layer 1 tokens embrace Avalanche (AVAX), Polkadot (DOT), Fantom (FTM), Web Laptop (ICP), Algorand (ALGO), Quant (QNT), XDC Community (XDC), Aptos (APT), and Sei. Bitcoin (BTC) is buying and selling at $94,311.81, down 1.8% from its all-time excessive of $99,655.50, and altcoins are anticipated to develop into mainstream as quickly as BTC crosses $100,000.

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AVAX is buying and selling at $41.48, down 71% from its all-time excessive of $41.56, based on CoinMarketCap information. However, the digital asset has gained 18.46% prior to now week, 62.74% prior to now month, and 97.59% since November 2023. In distinction, DOT and FTM are buying and selling at $8.27 and $0.9517, respectively, down 7.29% and 0.38% yesterday. Nonetheless, FTM is up 46.91% over the previous 30 days, whereas DOT is up 105.55% over the identical interval.

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ICP, which is ranked #25 on CoinMarketCap, is buying and selling at $11.63 and has risen 24.57% prior to now week and 50.84% ​​prior to now month. In the meantime, ALGO occupies the fifty fifth place within the cryptocurrency market, dropping 5.74% to $0.2652 yesterday. Nonetheless, the altcoin has gained 131.13% prior to now 30 days.

Good Purchase: QNT, XDC, APT, SEI

QNT and XDC turned bullish prior to now 24 hours, rising by 2.36% and 11.18%. QNT prices $99.29, whereas the latter prices $0.05836 on the time of writing. Over the previous month, QNT has gained 62.18%, whereas XDC has gained 113.59% in the identical interval.

Lastly, APT and SEI are additionally performing tokens, with the latter surging 66.88% over the previous 30 days. APT is $12.04, down 2% in 24 hours, whereas SEI is $0.6378, up 1.50% over the previous day.

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