After yesterday’s sharp market-wide selloff, cryptocurrencies are attempting to recover from the damage. Many tokens are seeing impressive gains, with some climbing over 15% as investors regain confidence.
In the altcoin market, $LUNC is making steady progress, currently trading above $0.000115 and showing potential for further growth. Meanwhile, memecoins are outperforming, showcasing strong upward momentum. $PENGU has surged nearly 20%, while $BONK has climbed over 20%. Other popular memecoins, such as $PEPE and $FLOKI, have also gained up to 15%, signaling renewed interest in this sector.
Dün gerçekleşen sert ve derin düşüşler sonrasında kripto paralar yaralarını sarmaya çalışıyor.
%15'in üzerinde yükselişler var. $LUNC 0.000115 $'ın üzerinde ve ilerlemek istiyor.
Memecoin tarafında yükselişler iyi seviyede; altcoinlere göre daha iyi performans gösteriyorlar.… pic.twitter.com/vTO3812tU3
— Terra Haber Portalı (@TerraHaberTr) December 21, 2024
Whales have been particularly active during this recovery phase, accumulating over 250 million Dogecoin ($DOGE) during the market dip. Such significant purchases highlight growing optimism about the long-term prospects of the market’s most popular meme-based cryptocurrency.
Whales bought over 250 million #Dogecoin $DOGE during the recent market dip! pic.twitter.com/qH7JSkkdhK
— Ali (@ali_charts) December 21, 2024
Altcoins are also seeing reactionary bullish moves. Binance Coin ($BNB) has rebounded to $690 and is now eyeing a return to levels above $700. These price movements suggest that yesterday’s dramatic declines may have triggered a major liquidity reset, paving the way for potential upside.
Bitcoin ($BTC), the cornerstone of the crypto market, continues to prove its resilience. Its value remains a focal point, with market analysts confident that it’s only a matter of time before the flagship cryptocurrency surpasses the $100,000 milestone.
As the market stabilizes, strong projects will need to stand out to sustain the recovery. With the current rebound underway, the question remains: Will this rally have the strength to continue, or will further consolidation be needed before the next major move? Regardless, the current trends hint at a promising recovery phase for the broader cryptocurrency market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: peshkov/123RF // Image Effects by Colorcinch
The post Cryptos Rebound After Market Turmoil: Are Better Days Ahead? appeared first on The Merkle News.
