- Bitcoin and co. shot up early on Wednesday before the majority retraced to their support zones
- Fantom, Elrond and Waves are among the top gainers
The majority of crypto assets saw a sharp price upswing in the early hours of Wednesday.
Bitcoin climbed above $40,000, going as high as $41,465 before the gains were wiped away less than an hour later. The pioneer cryptocurrency has since backtracked to $39,720 where it is currently hovering.
FTM, EGLD, WAVES are the standout alts
Despite the uncertainty in the markets, a handful of altcoins have defied the general trend and maintained an uptrend.
Waves' native coin WAVES is, as of this writing, one of the best performing crypto-assets. The crypto token embarked on an ascent late Tuesday and has sustained the upward momentum on Wednesday.
Interestingly, WAVES curved a similar path last Wednesday when it rose to $30 – levels it last visited in October 2021. The latest upside has seen it print an intraday (and multi-month) high of $30.98 a few hours ago. It has since eased off and is trading at $29.53 – up 16% in the last 24 hours.
Elrond's EGLD token rose to a three-week high of $167.49 during Wednesday's trading session, as per CoinMarketCap data. It briefly lost the momentum hours later, finding support just above $160. EGLD has, nonetheless, recorded steady gains in the last few hours, printing an 11.62% green candle on the day.
Fantom (FTM) rose to the weekend highs today as it attempted a breakout above $1.30. The token peaked at $1.25 but has descended to $1.18 at the time of writing. Despite the correction, it has still recorded 12.68% of gains in the last 24 hours.
Worth noting WAVES and EGLD both have positive 7-day changes of 34.79% and 16.45%, respectively, while FTM is down 18.32% in the same period.