It’s turn-around Tuesday for financial markets today, with major cryptos surging back after taking a beating on Monday and investors scouring the market for top crypto performers today that might make them quick gains.
Bitcoin (BTC) was last trading in the mid-$56,000s, up an impressive 13% from Monday’s sub-$50,000 lows.
Everyone: “ OMG Bitcoin just crashed -15%, it’s over “
People who’ve been in crypto for 6 years :
— naiive (@naiivememe) August 4, 2024
Ethereum (ETH) was up over 17% from its Monday lows but struggled to retake $2,500.
Solana (SOL), meanwhile, has powered over 30% higher from Monday’s $110 lows to the mid-$145s.
The sudden rebound comes as traders seemingly rush to buy the dip.
But they need to be careful. US recession risks and geopolitical risks remain elevated, and the yen could strengthen further.
These were the main catalysts behind Monday’s crash. So crypto markets aren’t out of the woods yet.
That said, long-term crypto investors willing to HODL through some short-term volatility will still be hunting for bargains.
Here are some top crypto performers today that they will be looking at.
Top Crypto Performers Today
Notcoin (NOT)
Viral Telegram tap-to-earn game Notcoin (NOT) is powering higher, up 24% in 24 hours per CoinMarketCap.
That makes it one of the top crypto performers today.
Last at $0.012, NOT is looking to break below a downtrend in play since mid-July.
NOT could soon power 45% higher from current levels to July’s highs in the $0.018 area.
AIOZ Network (AIOZ)
DePIN network AIOZ Network (AIOZ) is another top crypto performer today, up nearly 20% in the past 24 hours per CoinMarketCap.
Last trading just above $0.50, AIOZ’s gains could continue.
The crypto has been in a downtrend since May and it could soon test the upper bounds of this downtrend in the $0.60 area.
Akash Network (AKT)
Decentralized cloud computing network Akash Network (AKT) is up 17.5% in 24 hours, another crypto in the top performers today.
AKT is trying to break to the north of resistance in the $2.50 area.
But that wouldn’t mean the bulls have claimed victory.
To open the door to yearly highs near $7.0, AKT would still need to push above its 50DMA, which has been offering stiff resistance in recent weeks.
Alternatives to Consider – Crypto Presales
The strong rebound enjoyed by the above-noted altcoins suggests they could hold up well during this difficult period for the market.
However, traders looking for a better probability of securing near-term gains might want to consider often overlooked strategy that can deliver big results – presale investing.
New Web3 projects often sell their tokens at an early bird discount via ICOs to fund development and build hype.
But with so many ICOs vying for investor funds, it can be tough to know where to start.
That’s why analysts at Cryptonews compiled this list of their top picks.
15 Best Crypto Presales to Invest In Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
