Altcoins Surge as Bitcoin Dominance Dips: DeFi and AI Tokens Lead

  • AI tokens NEAR and ICP along with DeFi assets AVAX and LINK skyrocketed in 24 hours.
  • The altcoin market cap crossed the $900 billion mark as BTC dropped to $94K.
  • USUAL surged 34% and MORPHO jumped 22.69%, outperforming the market.

Bitcoin (BTC), the market leading digital asset, has crashed to the $94,000 price level after an 11.45% price plunge in the last seven days while the dominance of the digital asset has also crashed to 56.2%, resulting in decentralized finance (DeFi) tokens and artificial intelligence (AI) cryptocurrencies soaring.

According to the weekly chart provided by TradingView below, the altcoin trading volume rose significantly as the total market cap of cryptocurrencies other than Bitcoin and Ether rose to $959.64 billion. At the same time, the Fear and Greed Index has dropped to 55 and reads “Neutral.”

The weekly Relative Strength Index (RSI) reads a value of 63 which means that the bulls are still in control of the altcoin sector while the MACD indicator is also bullish with the MACD line (blue) still above the signal line (line). The MACD histogram is also significantly bullish.

Read also: Altcoin Season Anticipation Grows Despite Crypto Market Crash

Market Movers: Who’s Up and Who’s Down?

In the past 24 hours, Usual (USUAL) rose by 34% and trades at $1.37; Aave (AAVE) has skyrocketed 17.76% to $379.40; Convex Finance (CVX) jumped 18.19% to $4.69, Curve DAO Token (CRV) surged 13% to $0.9199; Morpho (MORPHO) shot up 22.69% to $2.73; FTT price increased 1.36% to $3.17; Virtuals Protocol (VIRTUAL) rose 29.43% to $3.15; while Goatseus Maximus (GOAT) jumped 10.41% to $0.5371.

However, Frax Share (FXS) plunged 4.41% in the past 24 hours and currently trades at $3.17, down 92.51% from its all-time high of $42.67 witnessed over three years ago.

AI and DeFi Tokens Make Moves

Top AI tokens including NEAR Protocol (NEAR), Internet Computer (ICP), and Render (RENDER) have fallen significantly in the past week, dropping 19.38%, 15.44%, 13.86%, respectively. But in the past day, NEAR rose 6.75%, ICP surged 6.84%, and RENDER jumped 9.19%.

Meanwhile, Avalanche (AVAX), Chainlink (LINK), and Hedera (HBAR) rose 5.89%, 5.80%, and 10.65% in the past 24 hours, respectively. While AVAX and LINK dipped 21.80% and 15.93%, in the past week respectively, HBAR surged 5.52% in the same period.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Related Posts

Cardano Price Stuck Below $1: Bearish Trends Persist for ADA

ADA trades within $0.87–$1 amid fading investors interest. Cardano network sees declining active addresses and whale transactions. A drop below $0.87 could target $0.77, while $1.00 remains critical for recovery.…

Crypto Price Trends: How XRP and SUI Could Shape 2025

XRP shows steady growth with strong support at $2.00 and resistance at $2.50. SUI faces higher volatility, with key support at $4.40 and resistance at $4.65. Both XRP and SUI…

Leave a Reply

Your email address will not be published. Required fields are marked *