AI companion, AGLD, Acala prices rise as Bitcoin falls below $93,000
Adventure Gold (AGLD) also rose for two consecutive days in a high volume trading environment, reaching a high of $3.03. The token has been one of the best performing cryptocurrencies this year, rising nearly 400% since its low in August. This rally has boosted AGLD's market capitalization to over $227 million and trading volume in 24 hours to $1.3 billion.
Acala (ACA) continued its uptrend, reaching a high of 0.12 US dollars - an increase of 155% from this year's low. The rally comes as the Polkadot network continues to perform strongly, with its total value rising to over 111.4 million US dollars.
These tokens recorded double-digit gains while sentiment in the crypto industry remained muted and trading volume declined. Bitcoin plunged below $94,000, meaning it has dropped 15% from its highest level this year.
The Crypto Fear and Greed Index, a popular sentiment gauge in the industry, has moved from the extreme greed zone of 90 to the neutral point of 50. The Altcoin Season Index has also decreased from the yearly high of 87 to 44.
In the meantime, most altcoins were in the red. The movement crashed by 10% on December 30, while Helium, Pudgy Penguins, Curve DAO, Ondo, and Mantra were among the worst performers, falling by over 7%.
The next potential catalyst for Bitcoin and other altcoins will be the potential January effect, a situation in which assets rise in the first few days of the year. This recovery typically occurs when many investors are creating their portfolios for the year.
In addition, the inauguration of Donald Trump in January and the FTX distribution could push them higher in January. However, the most important thing is that seasonal data shows that the first quarter is usually the best time to invest in cryptocurrencies.