thenewscrypto.com
- Cryptocurrencies are recovering post-June 2022 bear market.
- Top gainers are Conflux (CFX), Algorand (ALG), and Kaspa (KAS).
Global crypto market is balancing between gains and losses at present. The extreme falls witnessed in the post-June 2022 bear market are slowly in the recovery phase. Let’s observe some of those recovering altcoins in this article. The top gainers for the day, according to CoinMarketCap data, are Conflux (CFX), Algorand (ALG), and Kaspa (KAS).
Conflux (CFX)
- Market Cap: $1,141,384,962
- 24H Trading Vol: $700,453,262
In the past 24 hours, the token has surged over 16.25%. The crypto was launched in the Q4 of the year, 2020. Initial launch phase was golden, as the token gained an All Time High (ATH) of $1.7038.
June 2022 didn’t start well, as with many other cryptos in the market. But from February 2023, the coin is in a positive inclining motion. The present price of the CFX token is $0.4296, with a 2 billion CFX circulating supply.
Kaspa (KAS)
- Market Cap: $529,144,492
- 24H Trading Vol: $67,242,142
In the past 24 hours, the token has surged over 13.06%. The pertinent instance is KAS has attained the new ATH of $0.03731 in the last 12 hours. Token launch was exactly at the time of the bear market, and it was a tough ride to KAS.
Kaspa’s market cap is lower than that of CFX but traders see potential in this cryptocurrency. This can be witnessed in the circulating supply numbers. The present price of the KAS token is $0.02935, with a 17 billion CFX circulating supply.
Algorand (ALG)
- Market Cap: $1,641,433,614
- 24H Trading Vol: $327,449,992
In the past 24 hours, the token has surged over 10.95%. Alogarnd Foundation, the backing firm of ALG is establishing itself in various parts of the globe. The motto for the activity is to separate blockchain adoption. And the recent launch is the AlgoKit, tool to ease the transition from web2 to web3.
Last seven days’ the ALG price graph looks very unstable. But the initiatives taken by the foundation are keeping it to be the talk of the town. The present price of the ALG token is $0.2303, with a 7 billion ALG circulating supply.