Bitcoin price tends sideways, altcoins take off

While the Bitcoin price and thus the entire crypto market were still experiencing explosive growth a few weeks ago, the prices of the largest crypto currencies have now returned to a sideways phase. At the moment, the Bitcoin price is trading only slightly above its level from the previous day at $ 23,472 on a daily basis. With a market capitalization of a good 453 billion US dollars, BTC is still unbeaten at the top of the list of the largest cryptocurrencies, but Bitcoin is not one of the daily winners with a plus of 1.29 percent. Ethereum, BNB and Cardano can’t say much either – they have only made up 3, 0.7 and 0.1 percent within the last 24 hours. But even in sideways phases there are coins that stand out from the crowd. Below are the altcoins that are currently dominating the crypto market.

NEM (XEM) course: gold medal for business blockchain

NEM, or the associated token XEM, can look forward to the gold medal on the crypto market in a daily comparison. The chart above already suggests it: The XEM price has increased by almost half in the past 24 hours to 48.18 percent. XEM is currently trading at $0.06 per hour and has a market capitalization of $547.27 million. However, the blockchain project, which was launched in 2015, is still far from the previous all-time high. That put NEM at $2.09 on Jan. 4.

Stacks (STX): Almost a quarter gain

The price rally of the Bitcoin Layer 2 network Stacks (STX) has dominated the crypto space for days now. The main reason for the price gains: the hype surrounding the Bitcoin NFTs “Ordinals”. And that doesn’t seem to be stopping, because STX investors are happy about a price gain of 24.91 percent to 0.91 US dollars on today’s trading day. That puts the STX market cap at $1.24 billion at the time of writing. And Stacks also offers investors plenty of room for improvement, as STX set its all-time high on March 13, 2020 at $3.61.

Synthetix (SNX): Far from all-time high

The course of the crypto derivatives platform Synthetix (SNX) is happy about the bronze medal in the crypto market today. At the time of writing, the SNX price is trading at $2.67, up 7.24 percent from the previous day. There is still a long way to go to its all-time high, as the DeFi platform set it just over two years ago, on February 14, 2021, at $28.77. The market capitalization of STX is currently 676 million US dollars.