News

Cryptos Rebound After Market Turmoil: Are Better Days Ahead?

After yesterday’s sharp market-wide selloff, cryptocurrencies are attempting to recover from the damage. Many tokens are seeing impressive gains, with some climbing over 15% as investors regain confidence.  

In the altcoin market, $LUNC is making steady progress, currently trading above $0.000115 and showing potential for further growth. Meanwhile, memecoins are outperforming, showcasing strong upward momentum. $PENGU has surged nearly 20%, while $BONK has climbed over 20%. Other popular memecoins, such as $PEPE and $FLOKI, have also gained up to 15%, signaling renewed interest in this sector.

Whales have been particularly active during this recovery phase, accumulating over 250 million Dogecoin ($DOGE) during the market dip. Such significant purchases highlight growing optimism about the long-term prospects of the market’s most popular meme-based cryptocurrency.

Altcoins are also seeing reactionary bullish moves. Binance Coin ($BNB) has rebounded to $690 and is now eyeing a return to levels above $700. These price movements suggest that yesterday’s dramatic declines may have triggered a major liquidity reset, paving the way for potential upside.

Related Post

Bitcoin ($BTC), the cornerstone of the crypto market, continues to prove its resilience. Its value remains a focal point, with market analysts confident that it’s only a matter of time before the flagship cryptocurrency surpasses the $100,000 milestone.

As the market stabilizes, strong projects will need to stand out to sustain the recovery. With the current rebound underway, the question remains: Will this rally have the strength to continue, or will further consolidation be needed before the next major move? Regardless, the current trends hint at a promising recovery phase for the broader cryptocurrency market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: peshkov/123RF // Image Effects by Colorcinch

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

Grab the 4 Best New Meme Coins to Invest in Today: Big Discounts, Bigger Gains with BTFD’s Festive Deal!

Imagine this: a market dip so juicy, it’s practically begging to be seized. For savvy…

5 hours ago

Top Crypto Presales to Buy Now for Substantial ROI in 2025

Top 5 Presale Cryptos That Could Make You the Next Millionaire in 2025! With 2025…

6 hours ago

Missed Bitcoin? Don’t Miss DexBoss [DEBO]—The Best Crypto Presale that Could Make Millionaires by 2025. 

Did you miss the Bitcoin boom? Then, don't miss DexBoss; it has the best crypto…

7 hours ago

3 Altcoins You Need In This Market Dip To Prepare For The Next Bullish Pump

Investors are concentrating on top altcoins with great surge potential as the bullish momentum picks…

7 hours ago

Qubetics and SWFT Blockchain Join Forces – The Best Crypto Presale Just Levelled Up Amid Bitcoin’s Institutional Surge and Litecoin’s 22% Rebound

What drives the relentless pursuit of innovation in blockchain? From groundbreaking technology to record-breaking investments,…

9 hours ago

BDAG’s Keynote 3 Hyped, XRP Climbs & XLM Outlook Bright

XRP Seeks Record High & XLM Eyes $2 – BlockDAG’s Forthcoming Keynote 3 Sports a…

9 hours ago