Most cryptocurrencies are still bleeding after the latest market crash. However, some tokens like Akash Network (AKT), Optimism (OP), Compound (COMP), THORChain (RUNE), and Zcash (ZEC) have proven their resilience as they were some of the very few cryptocurrencies that saw their price rise over the past 24 hours of trading.
Akash Network (AKT)
According to CoinMarketCap, AKT was worth about $1.52 at press time after its price soared by more than 11% throughout the past day. This price rise was accompanied by a 23+% increase in the altcoin’s intraday volume. As a result, AKT’s price stood at around $5,322,041.
AKT’s expansion seems to be driven by several fundamental aspects that the protocol is showcasing. This includes the decision to make its entire Cloudmos code openly accessible to the public. Investors seem to be captivated by the notion that AKT has the necessary qualities to establish itself as a big player in the realm of decentralized cloud computing.
Compound (COMP)
CoinMarketCap ranked COMP as the 2nd largest gainer after its price climbed 5.23% over the past day, which left the token trading at $44.06. However, COMP still has some work to do to fully recover from the market turbulence as its weekly performance was down by more than 20%.
Read Also : Compound (COMP) Price Prediction 2023-2030
Optimism (OP)
Third on CoinMarketCap’s gainers list was OP. The altcoin’s price rose by more than 5% since yesterday. Consequently, OP was trading at $1.56, which was a new 24 hour high set by the cryptocurrency.
Santiment highlighted OP’s resilience after sharing a post on Twitter yesterday that revealed that the project’s active addresses reached 22.9K. This was the 5th highest it has been in 2023. Additionally, whale and shark addresses holding 100K -1M coins held nearly triple the amount of tokens compared to a year ago.
Read Also : Optimism (OP) Price Prediction 2023-2030
🐳📈 #Optimism is seeing some positive signs today, as its +5% pump is accompanied by 22.9K active addresses, among its best days of 2023. Additionally, key whale & shark addresses with 100K-10M $OP continue holding a high level, currently worth $781.9M. https://t.co/VOE7uqOQpN pic.twitter.com/Ie0oX2pJT0
— Santiment (@santimentfeed) August 21, 2023
THORChain (RUNE)
RUNE was worth approximately $1.73 after its price rose by 4.43% over the past 24 hours. Things were also looking good for the altcoin as its price rose by more than 9% over the past seven days.
RUNE’s success over the past day could be fueled by the fact that THORChain has introduced a lending functionality. This allows users to utilize their native Layer-1 (L1) assets, such as Bitcoin (BTC) and Ethereum (ETH), as collateral to obtain loans denominated in a stablecoin equivalent to USD.
Read Also : THORChain (RUNE) Price Prediction 2023-2030
Zcash (ZEC)
Finally, ZEC achieved the position of the fifth highest-performing token, having managed to attain a price surge of 2.70%. This resulted in ZEC’s trading value reaching $25.46 at press time, positioning it just slightly below its 24-hour peak of $25.49.
Read Also : Zcash (ZEC) Price Prediction 2023-2030
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
