Bitcoin and Ethereum have been the main focus of the crowd when it comes to cryptocurrencies. However, as the market saw a rebound in prices, more speculative assets like Celestia (TIA) and Helium (HNT) surged, catching the attention of investors. This shift in sentiment was highlighted by crypto market intelligence platform Santiment.
Despite the recent market volatility, liquidations in the crypto space remained high, with over $1 billion in bullish bets getting wiped out. This trend was reflected in the trading volume, which surged by 230% to over $244 billion in the past 24 hours. This increase in volume was also seen in the stock market, indicating a broader trend across financial markets.
Celestia and Helium emerged as the top gainers among the top 100 cryptocurrencies, with both tokens experiencing double-digit gains. Celestia (TIA) saw an 11.9% increase, trading above $5.16, while Helium (HNT) rebounded by 10% to over $4.7 before retracing slightly. The high trading volumes for both tokens suggested that there could be more opportunities to “buy the dip” in the coming hours.
In addition to Celestia and Helium, other altcoins like Ondo Finance and Mantra also showed upward momentum. However, some tokens like Lido DAO, Arbitrum, and Near Protocol suffered losses of more than 12% in the 24-hour period, reflecting the overall volatility in the market.
Overall, the recent price rebound in cryptocurrencies has brought renewed interest from investors, with more speculative assets outperforming traditional favorites like Bitcoin and Ethereum. As the market continues to evolve, it will be crucial for investors to stay informed and adapt their strategies to navigate the ever-changing landscape of the crypto market.