New ATHs in Low Market: Here The Crypto Defying the Crypto Market Crash

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As a seasoned cryptocurrency analyst with years of experience in this volatile market, I have witnessed countless bull and bear runs that have shaped my perspective and informed my investment strategies. This month’s crypto market crash came as no surprise to me, but what intrigued me were the few resilient coins that defied the odds and created new all-time highs (ATH).

Despite facing significant challenges, the crypto market experienced a crash at the beginning of this month, resulting in erasing all previous gains and leaving a total loss. The ensuing two days saw a sluggish market performance, causing the global market capitalization to plummet as low as $1.97 Trillion. However, the past few days have shown some signs of recovery. While most cryptocurrencies are grappling with the market downturn, a select few have defied the trend and reached new highs.

The recent record-breaking prices in the market can be attributed to Bitcoin reaching an all-time high of $65K and the SEC granting approval for Ethereum ETF trading. However, the market remains unbiased as a whole. Notably, companies like Mantra, WHY, and a few others are also setting new peaks. Consequently, investors are holding onto their gains.

5 Crypto With New ATHs This Month

As a market analyst, I’ve observed that the crypto market is in the process of recovery. However, it hasn’t reached the bullish phase yet, which means most cryptocurrencies are not experiencing significant price surges. On the other hand, a select few, particularly the meme coins, have been making impressive gains according to CoinmarketCap.

1. Mantra (OM)

The cryptocurrency Om, which serves as the native token for the Mantra Blockchain’s layer-1, reached a new peak price of $1.38 in under 24 hours, marking an increase of approximately 6% from that high. At present, it is being traded at $1.30 and boasts a market capitalization of over $1.07 billion. Despite the overall market decline, Om managed to maintain its upward trajectory, recording a gain of around 35% throughout the past month.

2. Why (WHY)

Using a less common moniker and a humorous internet reference, why has emerged as a preferred cryptocurrency among investors. Yesterday, it reached an unprecedented peak of $0.0000001891. At present, its value stands at $0.0000001683, representing a significant 56% increase over the past month. What sets why apart is its consistent strong performance since inception, providing investors with an impressive total return of 962%.

3. Mog Coin (MOG)

MOG reached an unprecedented peak of $0.000002392 just a few hours prior, and since then, it has soared to even greater heights. In the last two days alone, this cryptocurrency has established not one, but two new all-time highs, following a robust uptrend. Currently, MOG is being traded at $0.000002209, marking a staggering 175% increase in value over the past month.

4. Kaspa (KAS)

At the start of the month, Kaspa reached a fresh peak, reaching a high of $0.1976 before experiencing a downturn that took its price down to a low of $0.1473 on July 5. However, this trend is shifting as the cost of Kaspa is currently just 9% below its all-time high (ATH), which stands at $0.1791. This upward movement has been gradual, with Kaspa registering a gain of only 5% over the last week. Consequently, it may take some time for Kaspa to surpass its ATH again unless there is a significant market upturn.

5. Ponke (PONKE)

Ponke, a popular meme coin on the Solana blockchain, has experienced a significant price increase recently, reaching an all-time high (ATH) of $0.6591 just a few hours ago. This marks the second bullish run for PONKE in recent times, as it also gained momentum during the sluggish market conditions last month. Following this peak, the coin’s price has started to stabilize and is currently trading at around $0.6383. Over the past 24 hours, there was a notable surge of 33%, while over the week, the price has risen by an impressive 50%.

Final Thought

Several cryptocurrencies, including Toncoin and Bitcoin, among others, have approached their all-time highs (ATHs) once more. A robust surge is required for additional growth this month; however, the significant selling pressure may hinder such rallies from reaching their full potential. The previous 24 hours have been remarkable as numerous cryptocurrencies reached new peaks.

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2024-07-17 13:36