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Several altcoins reach a new ATH as the general crypto market starts to recover

several-altcoins-reach-a-new-ath-as-the-general-crypto-market-starts-to-recover
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Several altcoins reach a new ATH as the general crypto market starts to recover

Bitcoin (BTC) is trading in the green despite the Thursday dip, rising 14% over the week. Ethereum (ETH), on the other hand, has gained 12% over the past week. Most of the market traded similarly, with the global crypto market cap rising by 2.7% to $1.12t. Some of the altcoins even hit their all-time highs at this time.

OKB 

OKB has been on a steady rise over the past week. However, it hit a new ATH after crypto exchange OKB announced the launch of OKBChain, a new blockchain, in Q1. The news led to a 15% surge in the price a few hours later, reaching an ATH of $52.8 on Thursday.

As the bulls are trying to pump the altcoin, the bears are putting their efforts into dropping it back below the $50 level. At the moment, the $50 is the immediate hurdle. As for the next target, the Fibonacci retracement shows it is at the $65 level. Meanwhile, a further rise in BTC could see the altcoin move up even further in the coming weeks. 

Several altcoins reach a new ATH as the general crypto market starts to recover - 1
OKBUSDT. Source: Trading view

OKB is trading at $54.8, a rise of 110.45% year to date and 207.63% in the last six months. 

VELA 

VELA token is trading at $6.90, up 2.3% in the past 24 hours, with a trading volume of $6.06M. On Feb. 17, the coin hit its ATH at $7.65. 

The token was recently airdropped and immediately started performing well. From Beta, the token has a $27m daily trading volume and an $11M total volume in 8 days. The token was also listed on MEXC, and there is a roaming airdrop for Beta participants. It also got into a partnership with Avalanche.

https://twitter.com/TheEwansEffect/status/1626613762651291652?cxt=HHwWiIC82aqm8pItAAAA

The Vela exchange also slashed its gas fees by 50% and mentioned it had a 2-3x improvement in UI load speeds for orders and positions on Feb. 15. Furthermore, they are working on constant upgrades to make trading more streamlined.

https://twitter.com/vela_exchange/status/1625801856592273409?cxt=HHwWgoDTlZeLgZAtAAAA

OAS

Several altcoins reach a new ATH as the general crypto market starts to recover - 2

OASUSDT. Source: Trading view

Oasys(OAS) price is at $0.12077, up 9.47% in the past 24 hours. On Feb. 18, the token reached its ATH of $0.13011.

The rise came after the company behind it, Oasys, announced it was exploring more collaborations in the gaming blockchain world and blockchain-based services earlier this week. Yesterday, it also partnered with Softbank as the bank explores Web3. At the end of last month, the company announced its plans to list on Jan. 31 and a plan to shift into a DAO hence avoiding the “centralization risk.” 

GMX 

GMX is trading at $84.86 and is up 10.80% in the last 24 hours. It hit its all-time high of $84.93 on Feb. 16.

Several altcoins reach a new ATH as the general crypto market starts to recover - 3
GMXUSDT. Source: Trading view

GMX is the largest protocol on Arbitrum and the main reason the platform had massive growth. It has the lion’s share of the total value locked(TVL) on Arbitrum and thrives despite the crypto winter.

SSV 

The SSV Network is trading at $35.15, up 2.23% in the last 24 hours. It hit its ATH on Feb. 16 at $37.21.

Several altcoins reach a new ATH as the general crypto market starts to recover - 4
SSVUSD. Source: Trading view

Notably, SSV Network received a $50m ecosystem fund on Jan. 20 to assist the platform in creating more staking applications.

FT 

Fraction Protocol is trading at $5.3, up 0.61% over the last 24 hours. The token reached its all-time high on Feb. 13 at $5.77.

Several altcoins reach a new ATH as the general crypto market starts to recover - 5
FTUSDT. Source: Trading view

The FT token holders have a key role in Fracton Protocol’s future permissionless by voting and proposals. The protocol aims to create a liquid market and emerge as a solid financial infrastructure of the NFT ecosystem.

GNS 

Gains Network(GNS) is trading at $11.13, a 40.92% rise over the past 24 hours. The token hit its ATH on Feb. 17 at $12.48.

Several altcoins reach a new ATH as the general crypto market starts to recover - 6
GNSUSDT. Source: Trading view

GNS rose by 111% after being listed on Binance in the Innovation Zone. Notably, the Innovation Zone allows users to purchase newer tokens safely. On the day it reached its ATH, Binance announced the GNS/BTC and GNS/USDT were on for spot trading on Feb. 17.

TSUKA 

Dejitaru Tsuka (TSUKA) is trading at $0.140426, up 12% in the last 24 hours. The token reached its ATH on Feb. 16 at $0.15717.

Several altcoins reach a new ATH as the general crypto market starts to recover - 7
TSUKAUSDC. Source: Trading view

Dejitaru Tsuka prides itself on being a decentralized community focusing on research, reflection, and meditation. The token began gaining traction after rumors of its connection to the Shiba Inu creator. On Feb. 14, its Twitter page displayed that it had reached a new milestone with over 10k holders and 9k telegram members.

BGB 

Bidget token(BGB) is trading at $0.438, up 2.69% in the past 24 hours. The token hit its all-time high at $0.515471 on Feb. 16. 

Several altcoins reach a new ATH as the general crypto market starts to recover - 8
BGBUSDT. Source: Trading view

The token stayed green for the best of the last year despite the crypto winter and FTX collapse that shook the entire crypto market. When FTX fell, the Bidget exchange trading volume rose more than 300%. Its ATH has been rising, attributed to strategic partnerships, pioneering products, and market expansion.

CNC

Conic price is $11.56, up 11.22% in the past 24 hours. The token reached its ATH on Feb. 16 at $12.05.

Several altcoins reach a new ATH as the general crypto market starts to recover - 9
Conic Finance chart. Source: Coinmarketcap

The token has a circulating supply of 3.89M CNC with a 24-hour trading volume of $521,887.00.