Top 4 Altcoins to Watch After $1.7 Billion Crypto Market Liquidation
The cryptocurrency market again rejuvenates its interest among investors after the recent $1.7 billion liquidation event, which greatly hit traders and the market cap. Though it pulled down the rug, the trend of recovery is gradually building up, and altcoins have become resilient enough to promise further growth. Among all the altcoins, the four mentioned below have garnered investor attention and posed themselves as potential candidates to lead the rebounding race of the overall cryptocurrency market.
With the crypto market seemingly on the path to recovery, these four altcoins are some of the best to watch for growth and investor confidence. Well-positioned to lead the resurgence in the market, they demonstrate how the industry is able to bounce back after major setbacks.
4 Altcoins with Potential to Lead Market Again After $1.7 BLN Liquidation Blow
Today, the crypto market witnessed a steep decline in prices, with Bitcoin trading well below $95,000 to touch extreme lows. Major altcoins followed suit to hit their weakest weekly levels. Investors are closely watching the situation as some altcoins have come into the spotlight for how they are performing during the broader sell-off. Find out about these four resilient altcoins.
Bitget Token (BGB)
Bitget Token is changing hands at $2.76, up 6% in the last 24 hours, to place it as one of the top altcoins leading the bounce of the market. Up more than 77% in one week, BGB ranks among the gainers.
The BGB is the utility token of the Bitget crypto exchange, which was launched in July 2021, and is supported for payment within. Given the present momentum, the possibility of BGB passing the $2.75 level anytime soon could be very close to the all-time high of $2.95. It may further seal its position as a frontrunner in this recovery cycle.
DexBoss (DEBO)
DEBO is gaining high attention, with a pre-sale price of $0.01 and a listing price of $0.0505. The token itself powers the DexBoss ecosystem with utility due to a buyback-and-burn mechanism in place to reduce supply, thus increasing scarcity.
The Deflationary Model, with a fixed supply but ever-growing demand, DexBoss is the value creation model for its long-term investors and thus offers a strategic entry point to those exploring DeFi opportunities.
Sui (SUI)
Sui is a new-generation, innovative Layer 1 blockchain platform known for its low latency, safe, and economically viable digital assets. That fact proves the impact that Sui has entered within the sphere of financial decentralization and is swiftly joining the ranks of one of the most promising investments. Due to how effectively this blockchain works according to TVL, it keeps growing; the present cost of SUI has been $3.58.
The impressive price increase is testament to the confidence of investors in Sui’s potential to rise as the best altcoin and solidify its lead in the highly competitive cryptocurrency market.
Price of XRP
XRP has surged 236% in the last month, trading at $2.2 as the cryptocurrency market sees an extremely strong rally. The growth comes when the case Ripple-SEC is more likely to be settled in favor of the company. Investors were still optimistic on its outlook with a verdict set to firm Ripple’s position in the market significantly. If the uptrend can be maintained, XRP might break above $3, closer to its all-time high of $3.84. Analysts see XRP as one of the leading altcoins in driving recovery after a $1.7 billion market liquidation.
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