Top Crypto Assets Flouting Bearish Outlook
The general market outlook stands in the redzone as crypto assets plunge to weekly lows. Onchain data shows a drop in asset prices as investors’ sentiments plunge. However, some crypto assets are moving against the downward trend posting huge gains in the last few weeks.
While the bearish trend remains, memecoins are trading against the market because of m their nature. Historically, memecoins spike when there is a renewed inflow in the market. Some memecoins have surged over 50% while others continue to post losses. Here are the top crypto assets trading against the present momentum.
Dub duck
Dub duck has remained a crypto favorite in the last seven days. The asset is up 60% in the last 24 hours against a drop in the wider market. Recently, dub duck has recorded huge gains taking the entire market into account.
The asset surged over 446% this week and over 600% in the last 14 days. According to data from CoinGecko, dub duck’s daily trading volume stands at $53,437. These low trading volumes can be seen as a bullish indicator with more inflows.
Crow with knife
Crow with knife has surged over 57.5% today maintaining a positive run in the last 30 days. Its bullish drive continues as the community rallies around the asset.
Crow with knife is up 594% this week despite other assets posting reduced inflows. The crypto asset’s gains has attracted bulls to speculate on a potential price direction post Bitcoin halving inflows.
MichiCoin
MichiCoin is up 44.6% today amid a decline in the wider cryptocurrency market. This shows the growth of memecoin in the last two weeks. MichiCoin continues to attract the growth of crypto bulls in the short term.
As crypto assets continue to trade sideways after the Bitcoin halving, investors look to make inflows to surging assets. This explains the reason for high-flying memecoins although some have plunged like wider crypto assets.
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