The cryptocurrency market, in general, has been on a downtrend for months for some weeks. One of the most popular cryptocurrencies, Bitcoin crashed from an all-time high of about $65k to as low as $17k.
Owing to the dominance of bitcoin in the crypto market, the prices of all other cryptocurrencies are dependent on that of bitcoin's. Many of them, like bitcoin, fell from their highs as well, reaching lows that no one saw coming.
Among them, however, are a few that held their grounds and didn't crash as heavily as bitcoin did. Some of these altcoins even witnessed momentary pumps, making their holders quite a bit of profit as a result. Below are some of our top examples.
Yes, bitcoin itself. Bitcoin is an obvious first choice. Regardless of price, bitcoin will always be one of the top-performing cryptocurrencies. The cryptocurrency had its highs and lows, but there were momentary pumps that brought in profits for people who bought lower before the prices went up.
Cardano noted a 38% increase in price in June, bringing its value to about $0.6. This was not surprising, following the announcement of the Vasil hard fork, set to launch at the end of June.
Investors also experienced a similar pump on Cardano following the announcement of the Alonzo Hard-Fork last year.
Last month, the crash of LUNA 1.0 and Terra's UST was not a sight to behold. It is still regarded as one of the biggest crashes in cryptocurrency history, as LUNA crashed from a high of about $19.53 to $0.02. A 99% drop.
LUNA 2.0 was introduced shortly after and experienced a pump of 5,9x. A whopping 5.900% increase from its launch price.
Apecoin was introduced only two months ago as the native cryptocurrency of the Bored Ape Yacht Club NFT collection.
In June, despite the general backwardness of the market, APE experienced a few small pumps that would've proven profitable to investors who got in early.
This is an obvious addition to the list. The meme coin is used to the backing of billionaire and technopreneur Elon Musk. In June, dogecoin experienced a small pump following a Tweet by the "dogefather." Musk recently made DOGE a viable payment option in his companies, Tesla and SpaceX.
AXS is the most significant game-fi token in the crypto market. So far, the altcoin has held its ground around the $13 – $17 mark, remaining one of the most stable coins in June.
Uniswap is the native cryptocurrency of the world's biggest decentralized cryptocurrency exchange platform. As such, the DEX platform has maintained an average weekly volume of about $10 billion. Naturally, this affected the stability of its cryptocurrency. In June, Uniswap experienced an increase of 17.27%.
Interest in the metaverse has been widespread since 2021, after the explosion of NFTs as metaverse assets.
Decentraland is a metaverse-focused platform with MANA as its native cryptocurrency. Unsurprisingly, interest in the metaverse has kept the price of MANA relatively stable throughout June, leading to its holders experiencing a softer hit from the effects of the bearish market.
Like Decentraland, The Sandbox is a metaverse platform as well. The Sandbox has SAND as its native cryptocurrency. So far, SAND has held its position and has not crashed as heavily as others.
Not many people have heard of FLOW, so you aren't alone if you haven't.
In late May, following the announcement of a popular Instagram artist's involvement with the FLOW Blockchain, FLOW became one of the biggest NFT tokens by market cap. So far, it has achieved a market cap of about $3 billion, surpassing Apecoin.