Despite the depreciation of Bitcoin (BTC), it is necessary to draw attention to some cryptocurrencies that are rising in the altcoin market.
During the night, Bitcoin rose to $99,600, moving altcoins upwards. However, the decline in Bitcoin, which was followed by increased selling pressure, worried investors. During this process, the increase in Bitcoin's dominance negatively affected altcoins and led to a decline. So, which altcoins gained value despite these developments?
1- Bitget Token (BGB)
Crypto exchange Bitget’s native token BGB has gained 18% in the last 24 hours. Standing out among exchange tokens, BGB may show the $6.50 level as a resistance point in the short term.
2- Movement (MOVE)
MOVE, which was simultaneously listed on popular exchanges, has surged by 15% in the last 24 hours. Considered by many crypto investors as a shining star in the upcoming bull market, MOVE is currently trading at $1.15.
3- Pudgy Penguins (PENGU)
PENGU, the token of the Pudgy Penguins NFT collection, has gained 13% in the last 24 hours. Gaining momentum with the revival of the NFT trend, PENGU may start a new rally if it breaks the $ 0.050 level.
4- UN (UN)
OKB, the native token of crypto exchange OKX, has increased by 10% in the last 24 hours. Taking advantage of the rise of other exchange tokens, OKB found itself on this list after a long break.
5- FTX Token (FTT)
FTX's native token, FTT, has gained 9% in value in the last 24 hours. FTT, which has been on the rise with rumors that FTX will be relaunched, seems likely to continue to be priced according to the news flow. It should not be forgotten that volatility should be taken into consideration during this process.