Top Crypto Performers Today August 23 – Bittensor, Avalanche, Core
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
Cryptocurrency markets are in a buoyant mood on Friday in wake of Fed Chair Jerome Powell opening the door for imminent rate cuts, with traders parsing altcoin markets for top crypto performers today that might be able to deliver them the fastest gains.
Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. https://t.co/xe3ScXNRXG pic.twitter.com/wFvAaAdD6u
Bitcoin (BTC) just broke above $62,000, which could open the door to a move higher towards $70,000.
The world’s largest crypto was last up 3% in 24 hours, per CoinMarketCap. Other crypto majors like Ethereum (ETH), BNB (BNB) ad Solana (SOL) were up 1-3% over the same time period.
That’s not bad, but certainly doesn’t rank them amongst the top crypto performers today.
Rather, smaller, lesser-known altcoins are stealing the limelight on Friday.
Let’s take a look at some top crypto performers today that traders will be watching.
Up-and-coming layer-1 protocol Sui (SUI) tops the list of top crypto performers today.
Per CoinMarketCap, SUI was last up 20% in 24 hours, rising above $1 again for the first time in 10 days.
The token is eyeing a retest of its August highs at $1.11 and its 200DMA at $1.19.
A break above here would open the door to a swift rally back to yearly highs above $2.18.
The prospect of a quick 2x+ rally means SUI potentially ranks as one of the best cryptos to buy now.
Viral new Solana meme coin Popcat (POPCAT) is staging a strong comeback.
POPCAT was last up
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