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The cryptocurrency market experienced a nearly flawless period until mid-March. Bitcoin price rose from the $38,500 level at the beginning of the year to $73,500, surpassing its 2021 ATH. Since then, the price of BTC has continued to fluctuate. Meanwhile, which altcoins have started to rise?
Current Bitcoin Situation
All eyes in the cryptocurrency market seem to be on Bitcoin. BTC recovered from its drop to $60,776 and later that night, it climbed to $68,131. However, the price increase was not sustained, and at the time of writing, BTC has fallen back below the $65,000 level.
While this situation is happening in the market, according to Coinmarketcap data, 3 altcoins were defying the market trend. One of them was ONDO, which is among the RWA tokens.
Current Altcoin Situation
Ondo (ONDO) was at the top of the list of the day’s biggest gainers according to CMC data. Despite the fall in Bitcoin’s price, Blackrock’s emphasis on RWAs seemed to benefit ONDO.
During these developments, ONDO’s price was seen to have increased by 31.64% in the last 24 hours. After the increase, the price rose to $0.742. ONDO’s market cap also increased by 30% and reached $1,029,591,875.
The 24-hour trading volume also increased by 25% during this period, amounting to $435,519,987. This volume increase could be attributed to the growing interest in RWA tokens.
On the other hand, Conflux (CFX) was also on the rise, ranking second. Conflux is ranked 62nd in market cap. CFX’s price saw a 27% increase over the last 24 hours and is currently trading at $0.4499. CFX’s market cap also rose to $1.73 billion following the increase.
Lastly, JasmyCoin (JASMY) was among the risers, taking the third spot. JASMY experienced a 20.42% price increase in the last 24 hours, reaching a market cap of $1,066,101,408. The price continued to trade at $0.02153. JASMY’s 24-hour trading volume also saw a 159% increase, exceeding $425 million. This suggests that investors were actively trading.
The fact that these three altcoins rose during the week when Bitcoin began to fall could be interpreted as a sign of strong investor support.
