Newly Rising Altcoins Of The Market; Analysed

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Newly Rising Altcoins Of The Market; Analysed

BTC has barely succeeded in recovering to the $61K mark, but altcoins like TON, SOL, and DOT are adding new gains despite the market conditions.

By

Pooja Khardia

Published: 02 Jul, 2024 | 03:51:53 PM GMT

July 1 has been quite favoring for the altcoins as their global market cap has witnessed quite a surge, but today did not follow the same trend to perfection. However, the current market situation was enough to surge a few altcoins that were following a downtrend with the shift in investor sentiments. According to the fear and greed index, the market sentiments are at 49, a neutral zone, but it is better than an earlier score of 44.

The stories of altcoins rally are out in the market, but before that, check out today’s rising cryptos after battling declines.

Toncoin (TON)

Toncoin is now just 3% away from its all-time high of $8.25, set in the middle of June. However, like other altcoins, Toncoin also faced a decline after its rallying days, but that has changed today. In the last 24 hours, the TON price has hiked by 4% and is currently at $8.00, beating Dogecoin on the best cryptos list with its high market capitalization.

Polkadot (DOT)

Polkadot price has been struggling since its March rally, where the price rose to $11.54. From the last few months, it followed a downtrend, with value declining as low as $5.6 by June end. But this week, it has made quite a comeback, trading at $6.39 after a 9% hike. Though it is still under a 10% loss over the month’s stats, the rise is worth counting.

Solana (SOL)