Altcoins secure double-digit gains after Bitcoin surges toward $33K

Altcoins secure double-digit gains after Bitcoin surges toward $33K


Charts turned green as Bitcoin (BTC) price rallied to $32,858, but a number of analysts also cautioned that the market may not be out of the woods yet. 

Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24-hours were Telcoin (TEL), Polygon (MATIC) and Axie Infinity (AXS), indicating that the recovery is widespread and not just confined to large-cap cryptocurrencies.

Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro

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As seen in the list above, the top-performing tokens represent a variety of cryptocurrency subsectors, including nonfungible tokens, artificial intelligence and decentralized finance projects.

Telcoin secures new trading pairs on QuickSwap

Telcoin (TEL), a blockchain protocol focused on sending and receiving mobile-based global remittances, was the top performer over the past 24-hours.

TEL/USDT 4-hour chart. Source: TradingView

TEL rallied 71% from a low of $0.0091 on July 20 to an intraday high at $0.0158 to as its 24-hour trading volume surged 136% to $43 million.

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