Bitcoin and co. shot up early on Wednesday before the majority retraced to their support zones
Fantom, Elrond and Waves are among the top gainers
The majority of crypto assets saw a sharp price upswing in the early hours of Wednesday.
Bitcoin climbed above $40,000, going as high as $41,465 before the gains were wiped away less than an hour later. The pioneer cryptocurrency has since backtracked to $39,720 where it is currently hovering.
FTM, EGLD, WAVES are the standout alts
Despite the uncertainty in the markets, a handful of altcoins have defied the general trend and maintained an uptrend.
Waves’ native coin WAVES is, as of this writing, one of the best performing crypto-assets. The crypto token embarked on an ascent late Tuesday and has sustained the upward momentum on Wednesday.
Interestingly, WAVES curved a similar path last Wednesday when it rose to $30 – levels it last visited in October 2021. The latest upside has seen it print an intraday (and multi-month) high of $30.98 a few hours ago. It has since eased off and is trading at $29.53 – up 16% in the last 24 hours.
Elrond’s EGLD token rose to a three-week high of $167.49 during Wednesday’s trading session, as per CoinMarketCap data. It briefly lost the momentum hours later, finding support just above $160. EGLD has, nonetheless, recorded steady gains in the last few hours, printing an 11.62% green candle on the day.
Fantom (FTM) rose to the weekend highs today as it attempted a breakout above $1.30. The token peaked at $1.25 but has descended to $1.18 at the time of writing. Despite the correction, it has still recorded 12.68% of gains in the last 24 hours.
Worth noting WAVES and EGLD both have positive 7-day changes of 34.79% and 16.45%, respectively, while FTM is down 18.32% in the same period.