Toncoin (TON), Cardano (ADA), and Conflux (CFX) are defying the market slump and demonstrating resilience with their gains.
TON stands out with a monthly gain of 20%, surpassing Dogecoin to become the 8th largest cryptocurrency. Despite the recent downtrend in the global cryptocurrency market, Bitcoin briefly reached above $63,700 before following the overall market trend and experiencing a decline. In the past 24 hours, the global crypto market has seen a bearish reversal, dropping to $2.26 trillion, a decrease of 2.32%.
However, amidst this downturn, TON, CFX, and ADA have managed to post gains. TON has emerged as the top third performer, with a 2.66% increase in the last 24 hours and a week-long ascent of 7%. It has also recorded a 20% increase in its monthly performance, allowing it to surpass Dogecoin in market cap and become the 8th largest cryptocurrency.
Currently, TON is trading at $7.96 with a market cap of $19.59 billion, slightly below its all-time high of $8.24. The recent traction for TON can be attributed to its listing on Kazakhstani exchanges and increased investments from Pantera Capital.
Cardano has also shown notable growth, climbing 3.87% to reach a peak of $0.4219. This surge has boosted its market cap to $14.85 billion, with a 22% rise in daily trading volume. The anticipated network upgrades and increased on-chain activity have likely contributed to this upward movement, indicating bullish sentiment despite market volatility.
Conflux has been another standout, rising 6.63% in the last 24 hours to reach a high of $0.1752. Over the past week, Conflux has surged over 10%, with a current market cap of $730 million. However, there has been a 28% decrease in daily trading volume for Conflux, suggesting some caution among traders.
In conclusion, while the broader crypto market faces fluctuations and regulatory challenges, certain altcoins such as TON, ADA, and CFX are exhibiting bullish momentum.
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