In brief
- Altcoins Mantle and Avalanche are the only tokens in the top 100 cryptocurrencies that have posted double-digit gains on the day.
- Perpetual futures decentralized exchange Aster has also defied the market downturn with substantial gains.
- Bitcoin and Ethereum have traded flat on the day, and a large portion of the market has seen double-digit losses over the past seven days.
The crypto market has experienced a notable downturn over the past week, and is trading flat on the day. However, a handful of altcoins are defying this move, with some even posting double-digit gains on the day.
The biggest winner of the day is Ethereum layer-2 network Mantle, which climbed 12.1% on the day to a $5.9 billion market cap as the 37th largest cryptocurrency. The double-digit jump follows Mantle’s partnership with centralized exchange Bybit, which offers higher leverage rates and better loan terms for institutional investors.
Another notable altcoin winner is
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Author: Ryan Gladwin
