The rise seen in the altcoin market with the Bitcoin dominance falling below 57% pleased investors. Bitcoin dominance, which was above 60% for a while, was putting altcoins under pressure. However, with the decline in dominance, altcoins began to record sharp increases. The increases in well-established coins in particular attracted the attention of investors. So which altcoins stood out in the last 24 hours?
1- Hedera (HBAR)
HBAR, which has been frequently mentioned in the bull season of 2021, has increased by 44% in the last 24 hours. HBAR, which has exploded after a long break, has pleased its investors. Weekly closes above $0.25 could accelerate the upward momentum for HBAR.
2- Ripple (XRP)
After breaking the $2 level, XRP's rise accelerated, surprising its investors. The popular altcoin, which has increased by 29% in the last 24 hours, is aiming for new highs. The resistance level that XRP investors should pay attention to in the short term is around $3.
3- Iota (IOTA)
IOTA, which has attracted attention with its performance in previous bull seasons, experienced a 27% increase in the last 24 hours. This rise reminded us of the 2021 bull season and increased the expectations of IOTA investors.
4- Kaia (KAIA)
KAIA, which has been on the rise with the decline of Bitcoin dominance, has gained 34% in the last 24 hours. Leaving a critical level behind, the $0.30 band can be followed as resistance in the short term for KAIA.
5- EOS
EOS, one of the major coins, has seen a 21% increase in the last 24 hours. Taking advantage of the rise of other major coins, EOS made its investors happy after weeks.
