Layer-1 Altcoins Surge as Bitcoin Dips: AVAX, DOT, FTM Lead

Bitcoin Dip Spurs Altcoin Gains: AVAX, DOT, FTM Show Strong Growth

As Bitcoin (BTC) dips below the $95,000 price level, altcoins are primed for growth. The recent dip has created a potential buying opportunity, especially for Layer 1 altcoins, which are showing bullish trends. These altcoins include Avalanche (AVAX), Polkadot (DOT), Fantom (FTM), and others that are gaining momentum despite Bitcoin’s pullback.

Bitcoin’s Dip and Altcoin Surge

Bitcoin recently dipped below the $95,000 mark, trading at $94,311.81—down 1.8% from its all-time high of $99,655.50. This has led to a decline in the altcoin market, but it also opens up opportunities for investors to take advantage of lower prices. Once Bitcoin breaks the $100,000 level again, experts expect altcoins to outperform.

Top Performing Layer-1 Altcoins

Several Layer 1 tokens are seeing impressive gains in the past month. Here are some of the top performers:

• Avalanche (AVAX): AVAX has surged 62.74% over the past month, currently priced at $41.48. Despite being down 71% from its all-time high, AVAX has gained 18.46% in the last week.
• Polkadot (DOT): DOT has climbed 105.55% in the past 30 days. It trades at $8.27, down 7.29% yesterday.
• Fantom (FTM): FTM saw a 46.91% rise in the past month, currently trading at $0.9517. It’s down slightly by 0.38% in the last 24 hours.
• Internet Computer (ICP): Ranked 25th on CoinMarketCap, ICP has gained 50.84% in the last month, trading at $11.63.
• Algorand (ALGO): Despite a 5.74% dip yesterday, ALGO has risen by 131.13% in the last 30 days, currently priced at $0.2652.

Promising Altcoins for Future Gains

Other altcoins are also making strong moves, with particular attention on QNT, XDC, APT, and SEI. These tokens are displaying significant growth and potential for further gains:

• Quant (QNT): QNT surged 62.18% in the past month, currently priced at $99.29, and has risen 2.36% in the last 24 hours.
• XDC Network (XDC): XDC has jumped 113.59% in the past month and is up 11.18% in the last 24 hours. It currently trades at $0.05836.
• Aptos (APT): APT is down 2% in the last 24 hours but has performed well in the past month, currently priced at $12.04.
• Sei (SEI): SEI is up 66.88% in the last 30 days and is priced at $0.6378, showing a 1.50% increase in the past day.

Conclusion

The current dip in Bitcoin’s price presents an opportunity for investors to explore promising Layer 1 altcoins. With several tokens like AVAX, DOT, FTM, and others showing bullish trends, these assets are well-positioned to outperform once Bitcoin regains its upward momentum. Investors should consider diversifying into these altcoins, as they have demonstrated significant growth potential in the past month.