Top Crypto Performers Today August 15 – Fantom, Flare, Aave
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
As major crypto prices advance from earlier session lows following stronger-than-anticipated US Retail Sales data that has reduced investor fears about an imminent US recession, traders are eyeing up various top crypto performers today in the altcoin markets that might deliver fast gains.
Lots of focus this morning on US retail sales and jobless claims as the economic/policy focus shifts from the battle against inflation to minimizing the risk of recession.
At 1.0% month-on-month, the growth in retail sales came in well above the consensus forecast of 0.4%.…
Bitcoin (BTC) was last trading in the mid-$59,000s, up around 3% from earlier session lows per TradingView.
Major altcoins, meanwhile, were mixed. Ethereum (ETH) was flat in the past 24 hours, while Solana (SOL) and Toncoin (TON) were 1-3% lower, per CoinMarketCap.
Smaller altcoins might be a better bet versus major coins for investors looking to secure quick gains.
Bitcoin is stuck below resistance in the $62,000 area in the form of its 50 and 200DMAs.
Ethereum, meanwhile, saw a strong rejection of resistance around $2,800 on Wednesday.
Let’s take a look at some top crypto performers today that might do better in the near term.
Layer-1 protocol Fantom is leading the chart of top crypto performers today, up 9% in 24 hours per CoinMarketCap.
Per TradingView, its price was last around $0.40, up an impressive 50% from last week’s lows.
It remains stuck in a medium-term downtrend.
But a breakout above the $0.44 area could see FTM quickly pump towards yearly highs above $1.20.
3x gains
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