The leading cryptocurrency, Bitcoin, rose to $38,000 last week, its peak in the last 18 months, but failed to hold on there and fell to $34,800 last night.
Most of the decline in BTC altcoin While some altcoins diverged positively from the market, the rises they experienced upset those who expected a decline.
BTC and among altcoins with positive divergence from most altcoins Solana (SOL), Avalanche (AVAX), Celestia (TIA), PancakeSwap (CAKE), dYdX (DYDX) and Lido DAO (LDO) took place.
DYDX 24.7%; TIA 18.5% CAKE 15.7%; AVAX 11.5%; SOL 10% and LDO 11.3% With the increase, it became one of the altcoins that gained the most and differentiated positively from the market.
CAKEThis increase in led to an increase in transaction volume. Accordingly, the transaction volume increased by 110% in the last 24 hours, reaching 284 million dollars.
Analysts evaluating the rise of CAKE at this point said that this jump in CAKE was unusual and showed that it could be the beginning of something impressive for CAKE.
CAKE, which rose to $2.65, continues to be traded at $2.63 at the time of writing.
*This is not investment advice.
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