Bitcoin dominance is falling: These 5 altcoins are rising

The altcoin market, which gained momentum with Bitcoin dominance falling below 57%, delighted investors.

The dominance of Bitcoin, which has been hovering above 60%, has been suppressing altcoins. The subsequent decline in dominance has paved the way for sharp rises. Especially the rises in established coins have caught the attention of investors. So, which altcoins have made their mark in the last 24 hours?

1- Hedera (HBAR)

HBAR, which has made a name for itself in the bull in 2021, has increased by 44 percent in the last 24 hours. HBAR, which exploded after a long time, delighted its investors. Weekly closes above $0.25 will accelerate the bullish momentum for HBAR.

2- Ripple (XRP)

After breaking the $2 mark, XRP's rise has accelerated, surprising its investors. The popular altcoin, which has risen 29% in the last 24 hours, is eyeing new highs. The resistance level that XRP investors should watch out for in the short term will be $3.

3- Iota (IOTA)

IOATA, which drew attention with its rise in previous bull seasons, showed a 27% performance in the last 24 hours. IOTA, reminiscent of the bull season in 2021 with this rise, raised expectations.

4- Kaia (KAIA)

With the decrease in Bitcoin dominance, KAIA, which has exploded, has risen by 34% in the last 24 hours. In the short term, the $0.30 range can be followed as a resistance level for KAIA, which has left a critical level behind.

5- Eos (EOS)

EOS, which we can call one of the major coins, has increased by 21 percent in the last 24 hours. EOS, which took advantage of the harsh exit of other major coins, made its investors smile weeks later.

This article does not contain investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.