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Joel Frank
Author
Joel Frank
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Why Trust Cryptonews
Major cryptocurrencies like Bitcoin and Ethereum are facing notable sell pressure on Thursday due to mixed economic data from the US.
Despite this challenging environment, several altcoins have risen as top crypto performers today, offering traders potential opportunities for quick gains in the altcoin markets.
Bitcoin (BTC) was last trading near $57,000, and Ethereum (ETH) was near $2,400, both hovering close to recent multi-week lows.
The mixed economic data, including the ISM Services PMI for August, which was slightly better than expected, has been overshadowed by a disappointing ADP National Employment report.
The ADP data has triggered concerns that Friday’s official jobs report might also be weak. A rise in the unemployment rate in July to 4.3% already set off a recession warning, known as the Sahm rule.
Another increase could heighten fears of an impending US recession, potentially affecting risk assets further.
In this context, it’s understandable why traders are turning their attention to the top crypto performers today in the altcoin space.
Here are some strong performers that they will be keeping and eye on.
Key Altcoin Movements Among Top Crypto Performers Today
Helium (HNT)
Among the notable top crypto performers today, Helium (HNT) stands out due to its recent price movements.
The wireless network DePIN token is moving closer to its 2024 highs around the $11 mark.
HNT was last reported at $8.20, up about 8% in the past 24 hours and a remarkable 185% since its July lows around $2.90, according to CoinMarketCap.
This impressive performance makes it one of the leading altcoins today, with a market cap of approximately $1.3 billion.
The token has also been receiving positive commentary on social media, driven by its expanding network and increasing adoption.
As such, HNT ranks as one of the best DePIN coins to invest in right now.
1000SATS (SATS)
The BRC-20 meme coin SATS (1000SATS) is another standout among the top crypto performers today, having rallied 4% in the past 24 hours, as per CoinMarketCap.
1000SATS was last trading around $0.0003, just above its 50-day moving average.
While the meme coin remains in a medium-term uptrend, a downturn in broader market sentiment could impact this trend.
Bitcoin SV (BSV)
Bitcoin SV (BSV) also makes the list of top crypto performers today, rising 3.0% over the past 24 hours, according to CoinMarketCap.
BSV was recently trading around $46 and has moved back above its 50-day moving average.
Enthusiasts of BSV are hoping the cryptocurrency can soon retest its recent highs in the $56.50 area.
Alternative to Top Crypto Performers Today
While the top crypto performers today have shown strong potential in the current market, some investors might be looking for alternative strategies to maximize returns.
One such strategy is presale investing, where new web3 projects offer their native tokens at a discount to early investors to fund development.
Although presale investing carries risks like all crypto investments, those who can identify high-potential projects early could see substantial returns.
Analysts at Cryptonews.com are closely monitoring the presale market and have identified several promising projects for potential investors.
19 Best Crypto Presales to Invest In Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
