- As Bitcoin dips below the $95,000 price level, altcoins are expected to print gains.
- AVAX and DOT are up 62.74% and 105.55% in the past month.
- XDC turned bullish in the past day, skyrocketing 11% in 24 hours.
Bitcoin’s (BTC) recent dip below $95,000 has triggered a decline in the altcoin market, creating a potential buying opportunity. Several Layer 1 altcoins, in particular, are showing strong bullish signals.
These Layer 1 tokens include Avalanche (AVAX), Polkadot (DOT), Fantom (FTM), Internet Computer (ICP), Algorand (ALGO), Quant (QNT), XDC Network (XDC), Aptos (APT), and Sei (SEI). With Bitcoin (BTC) trading at $94,311.81, down 1.8% from its all-time high of $99,655.50, altcoins are expected to dominate soon once BTC breaks $100,000.
Read also: XRP Eyes Top 5 as Stellar Records a 463% Price Surge
As per CoinMarketCap data, AVAX trades at $41.48, down 71% from its all-time high of $41.56. Despite this, the digital asset gained 18.46% in the past week, 62.74% in the past month, and 97.59% since November 2023. In contrast, DOT and FTM trade respectively at $8.27 and $0.9517, down 7.29% and 0.38% yesterday. But FTM jumped 46.91% in the past 30 days, while DOT climbed 105.55% in the same period.
ICP, ranked 25th on CoinMarketCap, trades at $11.63, up 24.57% last week and 50.84% last month. Meanwhile, ALGO holds 55th position in the crypto market, down 5.74% yesterday to $0.2652. Yet, the altcoin has risen 131.13% in the last 30 days.
Good Buys: QNT, XDC, APT, and SEI
QNT and XDC turned bullish in the past 24 hours, surging 2.36% and 11.18%. While QNT trades at $99.29, the latter is priced at $0.05836 at the time of writing. In the past month, QNT has printed 62.18% in gains while XDC is up 113.59% in the same period.
Finally, APT and SEI are also well-performing tokens with the latter surging 66.88% in the last 30 days. While APT trades at $12.04, down 2% in 24 hours, SEI is priced at $0.6378, up 1.50% in the past day.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
