Markets
New ATHs in a Low Market: Here’s the Crypto Defying the Crypto Market Crash
Despite the challenges, this month began with a cryptocurrency market crash that saw weeks of gains end in total loss. The two-day market downturn saw the global market cap plummet to $1.97 trillion, but the last few days have been a time of healing. While many cryptocurrencies are struggling, a few have managed to create new highs that defy the cryptocurrency market crash.
These new highs are due to the market recovery because Bitcoin Price
increased to $65,000 and the SEC approved the Ethereum ETF Despite this, the market is still neutral, but with Mantra, WHY and a few others creating new highs, investors are holding on to their profits.
5 Cryptocurrencies With New ATHs This Month
Although the market is recovering, it is not yet bullish, which limits price gains for most cryptocurrencies. But few of them, especially meme coins, are emerging as profits with fresh gains by CoinmarketCap.
1. Mantra (OM)
OM is the native token of the Layer 1 Mantra blockchain and set a new all-time high of $1.38 less than 24 hours ago. It has now moved 6% from its all-time high, currently trading at $1.30 with a market cap of $1,076,506,249. When the market was down, this crypto continued its upward trend, increasing by 35% over the month.
2. Why (WHY)
With an unusual name and a meme reference, WHY has become an investor’s favorite crypto. It’s on a roll after hitting an all-time high of $0.0000001891 just yesterday. It’s currently trading at $0.0000001683, up 56% in a month. More importantly, WHY’s performance has been impressive since inception, delivering a total gain of 962%.
3. Mog Coin (MOG)
After hitting an all-time high of $0.000002392 a few hours ago, MOG is making new highs. MOG has created two new ATHs in the last two days after a steady bullish push. The cryptocurrency is now trading at $0.000002209 after surging 175% in 30 days.
4. Kaspa (KAS)
Kaspa created a new high earlier this month, where it hit $0.1976 before hitting a low of $0.1473 on July 5. However, that is changing as the price is surging, where Kaspa Price The cryptocurrency’s price is only 9% away from its ATH, currently valued at $0.1791. But the rise is slow, as the cryptocurrency has only increased by 5% this week. So a new ATH could take some time, unless the market turns bullish.
5. Ponke (PONKE)
Ponke, a Solana meme pieceis rising as it created a new ATH of $0.6591 just a few hours ago. This is the second bullish rally for PONKE as it was bullish last month when the market was slow. After the ATH, the price is consolidating, currently at $0.6383 after a 33% rise in the last 24 hours and 50% over the week.
Final Thought
A few other cryptocurrencies like Toncoin, Bitcoin, and many others are also closer to the ATH. A bullish push is needed for further gains this month, but with the strong selling pressure, such rallies are limited. The last 24 hours have been impressive as many cryptocurrencies have reached new highs.
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