Top 5 cryptocurrencies in the last 24 hours

Most cryptocurrencies are still bleeding after the recent market crash. However, some tokens such as Akash Network (AKT), Optimism (OP), Compound (COMP), THORChain (RUNE) and Zcash (ZEC) have increased their prices in the last 24 hours.

THORChain (RUNE)

In the cryptocurrency market, the RUNE price was worth around $1.73 after increasing 4.43 percent in the last 24 hours. Things were also looking good for the altcoin, whose price has risen more than 9 percent in the past seven days. RUNE’s recent success may be due to the fact that THORChain has introduced a lending function. This allows users to use native Layer-1 (L1) assets such as Bitcoin (BTC) and Ethereum (ETH) as collateral to obtain a USD equivalent stablecoin loan.

Akash Network (AKT)

According to CoinMarketCap, the AKT price was worth about $1.52 at the time of writing, after rising more than 11 percent over the past day. This price increase was accompanied by a 23 percent increase in the altcoin’s intraday volume. As a result, the price of AKT hovered around $5,322,041. The expansion of AKT appears to be due to several key aspects that the protocol exhibits. These include the decision to make all of Cloudmos code publicly available. Investors seem fascinated by the idea that AKT has what it takes to establish itself as a major player in the decentralized cloud computing space.

Compound (COMP)

CoinMarketCap ranked COMP as the 2nd highest earning token after its price increased by 5.23 percent the other day, and the token was traded at $44.06. However, COMP needs to completely recover from market turbulence as its weekly performance has dropped by more than 20 percent.

Optimism (OP)

He is the third OP on CoinMarketCap’s winners list. The price of the altcoin has increased by more than 5% since yesterday. As a result, the OP was trading at $1.56, a new 24-hour high set by the cryptocurrency. Santiment highlighted the OP’s resilience after he shared a post on Twitter yesterday revealing that the project’s active addresses had reached 22.9k. This was the 5th highest level reached in 2023. In addition, whale and shark addresses holding 100,000-1 million coins stored almost three times as many tokens compared to a year ago.

Zcash (ZEC)

Finally, the ZEC cryptocurrency managed to achieve a price increase of 2.70 percent, achieving the position of the fifth highest performing token. As a result, ZEC’s transaction value reached $25.46 at the time of writing, just below its 24-hour peak of $25.49.