Bitcoin is collapsing, these altcoins are resisting: Which ones are at the top?

Despite #Bitcoin ($BTC ) falling below $56,000, which altcoins managed to stay strong?

The cryptocurrency market is performing below bullish expectations. The fact that the leading cryptocurrency BTC has lost nearly 6 percent of its value since September 1 has made investors nervous.

Which altcoins managed to stay strong in the cryptocurrency market, where a pessimistic atmosphere prevails?

#Tribe (TRIBE), the project behind the stablecoin called FEI, managed to stand out with its work in the field of decentralized finance (DeFi). TRIBE rose 14 percent in the last 24 hours.

According to CoinGecko data, TRIBE recorded a trading volume of $8.45 million in the last 24 hours. TRIBE's market value exceeded $200 million.

Rollup project #Avail (AVAIL), shown as a rival to Dymension (DYM), rose by 5.2 percent in the last 24 hours and took the top spot. One of the newest coins of 2024, AVAIL, became the third highest-rising altcoin of the day.

AVAIL, with a market value of $ 242 million, recorded a trading volume of $ 9.45 million in the last 24 hours.

#Toncoin ($TON ), a layer-1 blockchain supported by Telegram, took the top spot by increasing by 4.3 percent in the last 24 hours. It was noteworthy that TON, which went through difficult times, remained strong.

TON, which recorded a trading volume of $ 510 million in the last 24 hours, has a market value of $ 12.15 billion.

Simon’s #Cat (CAT), an important cat figure of BNBChain, managed to remain strong by increasing by 3.3 percent in the last 24 hours. CAT was the only memecoin among the five highest-rising altcoins of the day.

CAT recorded a trading volume of $74 million in the last 24 hours and reached a market value of $154 million.