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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.
While the decline in $BTC was accompanied by most altcoins, some altcoins diverged positively from the market and upset those who expected a decline with their rise.
Altcoins with positive divergence from $BTC and most altcoins included Solana ($SOL), Avalanche ($AVAX), Celestia ($TIA), PancakeSwap ($CAKE), dYdX ($DYDX), and Lido DAO ($LDO).
$DYDX 24.7%; $TIA 18.5% $CAKE 15.7%; $AVAX 11.5%; $SOL and $LDO increased by 10% and 11.3% respectively, and were among the altcoins that gained the most and differentiated positively from the market.
This increase in $CAKE also increased the 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.
coindesk.com
u.today
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newsbtc.com
