The Best Performing Cryptocurrencies of the Week
Altcoins have bounced back from a recent dip and are showing positive performance, although some are approaching overbought levels. Let’s take a closer look at some of the top-performing cryptocurrencies.
Akash Network
Akash Network (AKT) has successfully recovered from its previous slump and is now on an upward trajectory. The coin’s price has steadily risen, surpassing the initial barrier at $0.70 and reaching $3.15 at the time of writing. The uptrend has continued, surpassing the historical price level of $2.50 set on January 31, 2022.
Akash Network offers the following advantages:
Current price: $3.07
Market capitalization: $1,193,093,494
Trading volume: $13,463,516
7-day gain: 37.50%
Celestia
Celestia (TIA) is currently in an uptrend and has reached its price target of $12.76. However, it faced resistance at the $15.00 level, preventing further upward movement. The cryptocurrency is now retracing towards the moving average lines and will resume its rise if it surpasses the 21-day SMA.
Celestia’s characteristics include:
Current price: $14.08
Market capitalization: $14,281,337,508
Trading volume: $321,817,352
7-day gain: 26.39%
Arbitrum
Arbitrum (ARB) has fully recovered from its previous dip and is currently in an uptrend. The coin’s price stands at $1.77, and buyers have managed to reclaim the previous high of $1.74. However, it faces resistance at the $2.12 level, and a breakthrough is needed for the uptrend to continue.
Arbitrum’s characteristics include:
Current price: $1.77
Market capitalization: $17,681,670,478
Trading volume: $841,361,004
7-day gain: 22.45%
Sei
Sei (SEI) is experiencing a price rise as buyers attempt to reclaim the previous high of $1.00. After reaching a high of $0.90 on January 3, the altcoin faced a temporary halt but is now in an upward trend. If it breaks through the current barrier, SEI will continue its upward movement.
Sei’s characteristics include:
Current price: $0.6773
Market capitalization: $6,773,004,111
Trading volume: $686,273,460
7-day gain: 18.98%
Osmosis
Osmosis (OSMO) has broken above its previous high of $1.64 and resumed its positive trend. The cryptocurrency has already risen to $1.95 following the breakout but is currently facing resistance at that level.
Osmosis is defined by the following conditions:
Current price: $1.76
Market capitalization: $1,757,132,035
Trading volume: $53,340,997
7-day gain: 39.80%
Hot Take: The Top Performers in the Crypto Market
The cryptocurrency market has seen a recovery in various altcoins, with Akash Network leading the way. Celestia, Arbitrum, Sei, and Osmosis have also shown strong performance. These coins have experienced significant gains and offer potential opportunities for investors. However, it’s important to closely monitor their price movements and conduct thorough research before making any investment decisions.
Cabel Dioli emerges as a luminary seamlessly blending the roles of crypto analyst, dedicated researcher, and editorial artisan. Within the dynamic expanse of digital currencies, Cabel’s insights resound like finely tuned notes, reaching minds with diverse inquisitiveness. His mastery in unraveling intricate threads of crypto intricacies harmonizes effortlessly with his editorial finesse, transforming complexity into a captivating symphony of comprehension. A guiding light for both seasoned trailblazers and curious newcomers venturing into the cryptoverse, Cabel’s insights forge a compass for insightful decision-making amidst the ever-evolving currents of cryptocurrencies. With the artistry of a wordsmith, they craft narratives that enrich the evolving narrative of the crypto cosmos.
