Amid Bitcoin's drop below $115,000, some altcoins are showing positive results. This article reviews key altcoins that may continue their rise.
Crypto Market Sentiment
The Crypto Fear & Greed Index remains at 'Greed,' indicating continued optimism among traders despite a 7% drop in total market capitalization. This optimism is attributed to a recent speech by SEC Chair Paul Atkins, who noted that changes in the approach to cryptocurrencies could usher in a new era for the industry.
DeFi and Altcoin Season Analysis
The altcoin season index shows a value of 37, indicating that top altcoins have yet to outperform Bitcoin over a 90-day period. The total value locked in DeFi exceeds $135 billion, nearing pre-FTX collapse levels.
Key Altcoin Overview
Major altcoins like Toncoin, Story, XDC Network, Cronos, and TRON are showing positive trends. - **Toncoin** is up 14% in the past week, trading around $3.57. - **Story** increased by 15%, priced at $5.97. - **XDC Network** rose 16%, nearing $0.10. - **Cronos** has added 6% to its value, continuing a six-month rally. - **TRON** is up nearly 4% over the week, with price remaining almost unchanged over the last 24 hours.
Despite the overall decline in Bitcoin's price, some altcoins are showing positive results and potential for growth. Further market changes are expected which could impact these assets.
