Today’s cryptocurrency market continues to reel under bearish pressure, with Bitcoin dipping below the $67,000 mark and Ethereum sliding under $3,500. As major tokens mirror this downward trajectory, the global cryptocurrency market capitalization has shrunk by 0.97% to $2.43 trillion. The trading volume also saw a sharp decline of 17.20%, totaling $73.07 billion. However, some altcoins such as Uniswap (UNI), Toncoin (TON), and Conflux have defied the trend and recorded impressive gains.
Uniswap (UNI) Surges by 9%
Uniswap, a DeFi platform, has been on the rise, and its price increased by 9.78% today, with the coin price touching $10.77. This upward movement is in contrast to the general market trend, which shows that it is a strong market player and investors have confidence in it.
The trading volume for UNI increased to $252 million, which shows that there was active trading taking place. The rise in the price of UNI can be attributed to the recent protocol upgrades and the Total Value Locked (TVL) in the liquidity pools, which is now over $5 billion, supporting the market and utility expansion.
Toncoin (TON)
Toncoin has had a remarkable performance in the last 24 hrs with a 3.36% price increase and closed at $7.83. Similar to UNI, TON has also demonstrated its ability to hold up well against the broader market decline. The market capitalization of Toncoin has reached $19.05 billion, which places it among the ten largest cryptocurrencies in terms of market capitalization.
This growth is due to the expansion of its ecosystem and the growing popularity of the token, which has a trading volume of $527 million today. The price trend of TON is expected to rise steadily with some form of resistance around $8.00 mark, which indicates that it may continue to rise if it sustains the current pace.
Conflux (CFX) remains relatively stable amidst the fluctuations
Market activities of Conflux Network also experienced a positive shift with a 2.44% increase in its price to $0.1922. Although the increase was marginal, CFX’s trading volume increased by 44.45%, which shows that there is higher interest and trading activities in the shares.
Although the overall crypto market is under pressure, mainly because of the recent central banks’ shift to a more hawkish stance and economic indicators’ uncertainty, UNI and TON’s performance today tells a different story of growth.
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