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Despite the initial crypto market crash this month, a few cryptocurrencies have surged to new all-time highs (ATHs), showcasing their resilience and investor confidence. As the market begins to recover, certain tokens have defied the odds and reached new heights. Here are the notable performers:
1. Mantra (OM)
OM, the native token of the layer-1 Blockchain Mantra, reached a new all-time high of $1.38 less than 24 hours ago. Currently trading at $1.30, OM has a market cap of $1,076,506,249. It continued its uptrend even during the market downturn, rising 35% over the past month.
2. Why (WHY)
WHY, known for its meme reference and unique name, has garnered investor attention by reaching an all-time high of $0.0000001891 just yesterday. It is now trading at $0.0000001683, marking a 56% surge in a month and an impressive 962% gain since its inception.
3. Mog Coin (MOG)
MOG created an all-time high of $0.000002392 a few hours ago and has seen a consistent bullish surge. Currently trading at $0.000002209, MOG has surged 175% over the past 30 days, marking two new ATHs in the last two days.
4. Kaspa (KAS)
Kaspa reached a high of $0.1976 at the beginning of the month before dropping to $0.1473 on July 5. It is now trading at $0.1791, just 9% below its ATH. The price has increased by 5% this week, indicating a slow but steady recovery.
5. Ponke (PONKE)
Ponke, a meme coin on the Solana network, hit a new ATH of $0.6591 a few hours ago. Following the ATH, it is now trading at $0.6383, after a 33% surge in the last 24 hours and a 50% increase over the week. This is Ponke’s second bullish rally, continuing its rise even when the market was slow last month.
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Market Sentiment and Outlook
The broader crypto market sentiment remains neutral despite Bitcoin’s recovery to $65K and the SEC’s approval of Ethereum ETF trading. However, these events have helped maintain investor profits and supported the rise of certain tokens.
Factors Driving ATHs
– Bitcoin Recovery: Bitcoin’s price hike has positively impacted the overall market sentiment.
– Ethereum ETF Approval: The SEC’s approval of the Ethereum ETF has boosted confidence in the market.
– Resilient Tokens: Tokens like WHY, PONKE, OM, and KAS have shown strong performance despite market volatility.
While the market is recovering, it has not yet turned bullish, limiting the price surges for most cryptocurrencies. However, a few, especially meme coins, have managed to achieve new gains. Investors are keeping an eye on the market, awaiting a bullish push that could lead to further gains this month. The last 24 hours have been particularly noteworthy, with several cryptocurrencies peaking to new highs.
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