The pullback in Bitcoin created a huge discount opportunity in altcoins. While the pullback in many altcoins reached 20%, the losses decreased to 10% with the buys from the bottom.
While most of the market is still trading with 10% loss, we see that some altcoins are positively diverging from the market.
In this sense, the first project that came to the fore was 1INCH. The token of the decentralized exchange platform has risen simultaneously with the decline in Bitcoin, approaching its all-time high. The coin, which rose by 95% in a short time, made the investor smile. (Although it is seen that the price jumps to the levels of 14$ and 16$ on some no-volume exchanges, we do not take these movements into account as they are caused by low volume.)
Another altcoin that challenged Bitcoin was SHIB. SHIB, which has been on the rise for a while, continues to trade with a 10% premium on a daily basis despite the pullback in Bitcoin.
It is among the altcoins that are positively differentiated from Bitcoin in AAVE, the decentralized finance protocol that allows users to lend and receive cryptocurrencies. Rising 40% on a daily basis, AAVE continues to trade at a 22% premium at the moment.
The rise in 1INCH and AAVE came after the listing on the Korean stock exchange Upbit.
Despite the withdrawal in Bitcoin, the altcoins that are among the top 100 coins and diverge positively from the market are as follows:
*Not Investment Advice.