3 Altcoins Outperforming Bitcoin Amidst Market Dip
While the crypto community is still waiting for Bitcoin to break $100,000, the cryptocurrency’s total market capitalization has increased by 1.56% in the past 24 hours. Bitcoin fell 4.22% and is currently trading at $95,643, but some altcoins were unaffected by its move. Today let’s explore the top 3 altcoins that outperformed Bitcoin.
Ethereum name service
Tokens based on a distributed, open, and extensible naming system
Ethereum has gained nearly 40% in the past 24 hours. Its trading volume surged an astonishing 371%. It is currently trading at $35.32. ENS has been trading between $11.53 and $29.77 for about 11 months and is now trying to break free. In the last two days, it surged 75.51% and hit a peak of $38.94. This has become one of the altcoins that has outperformed Bitcoin. That’s still nearly 60% below the all-time high of $85.69, but it’s a big change considering how cool the market has been over the past few years. An RSI of 85.15 indicates that the coin is oversold and may take a breather before continuing its journey. It faces major resistance at $37.75.
world currency
Even though Worldcoin is facing some legal issues in many countries, investors are still pouring in. The coin ranks 60th among the top 100 cryptocurrencies based on market capitalization, up 13.60% from the previous day. According to coinmarketcap data, the altcoin’s trading volume was $688.53 million, an increase of 58.61%. The coin has been trading between $1.31 and $2.87 since early July this year. It is 77.67% below its all-time high of $11.82.
Ethereum Classic
ETC is the second Ethereum-based token on our list. The stock has gained 88.86% since the U.S. election, but is still down 81.83% from its all-time high of $176.16 four years ago. The coin has gained 6.42% in the past 24 hours. What is surprising is that transaction volume increased by 103.84%. The RSI is 69.23%, showing that there is still room for upside, but it faces resistance at $32.85.
Looking to the future
While altcoins follow Bitcoin up and down, these cryptocurrencies are rising independently. This shows how the cryptocurrency market has evolved over time. Altcoins in the market are slowly but steadily outperforming Bitcoin.
