Altcoin
5 Altcoins That Are Recovering From The Highest Post-Market Crash
After the recent market crash, the global cryptocurrency market is slowly moving towards recovery. Despite major obstacles, Bitcoin AND Ethereum are still struggling, while some altcoins have surprisingly become leaders, demonstrating resilience and strong recovery. Livepeer (LPT), Notcoin (NOT), Stacks (STX), Toncoin (TON), and Injective (INJ) stood out from the rest, showing impressive performance despite the overall market trends.
1. Livepeer (LPT)
Livepeer (LPT) has experienced a comeback, showing a significant growth of 16.62% in the last 24 hours and a steady increase of 4.99% in the last week. Priced at $24.44, Livepeer the market capitalization increased to $800.66 million, supported by trading volume of $140.3 million in the last 24 hours.
LPT’s strong market presence is underlined by its circulating supply of 5,743,984 tokens. Investor interest in this video streaming network protocol has led to its remarkable recovery, positioning it as the best among altcoins.
2. Notcoin (NOT)
Notcoin (NOT) is also notable for its substantial recovery. Although there was a slight decline recently, the token still managed to grow by 10.64% in the last 24 hours alone, despite a decline of 17.96% compared to the previous week.
Priced at $0.01801, Notcoin has a market capitalization of $1.85 billion and an impressive trading volume of $1.26 billion in the last 24 hours. The significant rebound of the token, despite having 70,000,681,661 NOTs in circulation, demonstrates its strength and the market’s confidence in its future prospects.
3. Stack (STX)
Stacks (STX) has shown quite a mixed performance, with a small increase of 7.46% in the previous day and a growth of 2.43% in the last week. Stacks is trading at a price of $2.32, giving it a total market capitalization of $3.4 billion and a 24-hour trading volume of $0.78 million.
Even with a small decrease, Stacks still manages to maintain investor confidence, as evidenced by its circulating supply of 124,903,979 STX. The network’s emphasis on integrating smart contracts and decentralized applications into Bitcoin may have contributed to its partial comeback
4. Toncoin (TON)
TON adds to this lineup due to its strong bounce. Toncoin’s price of $7.59, which recorded an increase of 6.96% in the last day and 3.78% in the previous week, demonstrates its solid position in the market. The market capitalization reached $18.47 billion, aided by trading volume of $512.2 million in the past 24 hours.
The significant presence of 67,500,386 TON in the market is emphasized by its circulating offering, driven by its association with the open Telegram network, providing a special mix of security and scalability.
5. Injective (INJ)
Injective (INJ) completes the list of high-performing altcoins today. Over the past day, the token has seen growth of 6.44%, along with a notable increase of 15.69% over the past week.
Injective’s market capitalization is $2.83 billion, with a 24-hour trading volume of $337.16 billion, while its price is set at $30.26. With 11,100,904 INJ in circulation, this decentralized derivatives trading platform is showing strong progress in the market, highlighting its potential for continued expansion.
Conclusion
Despite the gradual recovery of the overall cryptocurrency market, these altcoins have shown impressive resilience and rebound. Livepeer, Notcoin, Stacks, Toncoin and Injective (INJ) show the possibility of substantial recoveries in the cryptocurrency sector, offering a glimmer of optimism to investors navigating the volatile cryptocurrency market. As the market further stabilizes, these alternative cryptocurrencies could lead to a new period of growth and innovation in the cryptocurrency industry.