While the crypto community is still waiting for Bitcoin to break $100,000, the total cryptocurrency market cap has grown by 1.56% in the past 24 hours. Bitcoin is down 4.22% and is currently trading at $95,643, but some altcoins have not been affected by its movement. Let’s explore the top three altcoins that are outperforming Bitcoin today.
Ethereum Name Service
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The token of Ethereum’s distributed, open, and extensible naming system has gained nearly 40% in the past 24 hours. Its trading volume has surged by 371%. It is currently trading at $35.32. ENS has been fluctuating between $11.53 and $29.77 for about 11 months and is now trying to break out of this situation. In the past two days, it has surged 75.51% to touch a peak of $38.94. This has become one of the altcoins that has outperformed Bitcoin. This is still down nearly 60% from its all-time high of $85.69, but it is a huge move considering the market’s indifference over the past few years. The RSI at 85.15 shows that the coin is oversold and may take a break before continuing to rise. It faces major resistance at $37.75.
World Coins
Despite some legal issues that Worldcoin is facing in many countries, investors are still pouring in. The coin ranks 60th among the top 100 cryptocurrencies by market cap and is up 13.60% compared to the previous day. The altcoin is trading at a volume of $688.53 million, up 58.61%, according to coinmarketcap data. The coin has been fluctuating between $1.31 and $2.87 since the beginning of July this year. It is 77.67% lower than its all-time high of $11.82.
Ethereum Classic
ETC is the second Ethereum-based token on our list. The token is up 88.86% since the US election but is still down 81.83% from its all-time high of $176.16 four years ago. The token is up 6.42% in the past 24 hours. Surprisingly, the trading volume has increased by 103.84%. The RSI is 69.23%, indicating that there is still room to rise, but it faces resistance at $32.85.
Looking ahead
Even though altcoins follow Bitcoin in its ups and downs, these cryptocurrencies are rising independently. This shows how the crypto market has evolved over a period of time. There are a few altcoins in the market that are slowly but steadily outperforming Bitcoin.
