The majority of the crypto money industry experienced sharp drops, especially after the bad news from China, and Bitcoin saw $ 40,000 gold, albeit for a short time. This drop of the leading cryptocurrency brought a drop below $ 3,000 for Ethereum.
4 Altcoins Defyed the Drop
Although this decline affected the industry in general, it was not overlooked that the four altcoins were on the rise even when everything was painted red. Cryptocurrency of the Decentralized Social platform DESO was one of them.
DESO has gained 100% in the last 7 days and hit $150. Before BitClout The crypto money project, known as DESO, later changed its name to DESO and continues to rise as of now.
Among the supporters of the project are important names such as Coinbase Ventures, Sequoia and A16Z.
The second altcoin to rise is COTI it happened. Payments solution COTI has gained 86% over the past week, and Coinbase’s listing of COTI is definitely the biggest reason for that.
The fact that payment solutions and DeFi projects started to attract more attention after China’s ban can be shown as an effective reason.
Celer Network’s cryptocurrency CELR may have achieved a significant rise precisely for this reason. CELR price is up 76% last week and the cBridge bridge definitely worked.
In fourth place is the DeFi platform. DYDX is located. The cryptocurrency of the decentralized margin platform has also increased by 86% in the past 7 days.
However, it should not be forgotten that a new downward wave that may occur in BTC will cause all cryptocurrencies to move downwards. For this reason, while investing in altcoins, it is necessary to look closely at BTC movements and to stop under important levels.
*Not Investment Advice.