LTC, XMR, AAVE, and MKR turn Bullish as Bitcoin Stalls under $31k

Introduction

Bitcoin, the leading cryptocurrency, has been trading below $31k for a while now, leading to a bearish trend in the market. However, some altcoins have seen a bullish turn in the same period. Here are the altcoins that have turned bullish amid Bitcoin’s bearish trend.

LTC

Litecoin (LTC) has seen a bullish turn, with its price jumping by almost 10% in the last 24 hours. The coin’s market capitalization has also risen by almost $800 million, which is a significant development for the altcoin. LTC’s current price is around $128.

XMR

Monero (XMR) has also seen a bullish turn, with its price rising by almost 6% in the last 24 hours. The coin’s market capitalization has risen by almost $200 million, which is a significant development for XMR. XMR’s current price is around $210.

AAVE

AAVE, the decentralized finance protocol, has seen a bullish turn, with its price rising by almost 12% in the last 24 hours. The protocol’s market capitalization has risen by almost $300 million, which is a significant development for AAVE. AAVE’s current price is around $231.

MKR

Maker (MKR), the governance token for the MakerDAO protocol, has seen a bullish turn, with its price rising by almost 10% in the last 24 hours. The token’s market capitalization has risen by almost $300 million, which is a significant development for MKR. MKR’s current price is around $2,400.

Related:Over $204M Lost to DeFi Hacks and Scams in Q2: Finance Redefined

Conclusion

In conclusion, while Bitcoin’s bearish trend continues, some altcoins have seen a bullish turn. LTC, XMR, AAVE, and MKR have seen significant developments in their market capitalization and price, indicating a bullish turn for these altcoins. As the market remains volatile, traders and investors need to exercise caution and do their due diligence before investing in any asset.

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