Investors are eagerly eyeing the top crypto performers today as major cryptocurrencies calm down after a recent rally. Among the standout performers are Helium (HNT) and Akash Network (AKT), which are both trading in the green while the broader market sees losses. According to CoinMarketCap, HNT has surged by 11.4% and AKT by 5% in the last 24 hours.
Despite bitcoin (BTC) facing over 2% losses on Monday, these two cryptocurrencies are defying the trend and attracting investor attention. The question on everyone's mind is whether these top crypto performers can sustain this momentum and deliver significant gains in the upcoming weeks.
Could Nvidia Power AKT Back Above $4.0?
One potential catalyst for the recent surge in AKT could be attributed to Nvidia's upcoming earnings announcement. Akash Network, with its focus on AI and blockchain technology, is well-positioned to benefit from Nvidia's success. AKT, currently trading just under $2.90, is facing resistance at its 50-day moving average (DMA).
If AKT manages to break above this resistance level, it could potentially rally to challenge the highs seen in early July, offering an exciting growth opportunity for investors. The integration of AKT with Nvidia products further adds to the positive sentiment surrounding the cryptocurrency.
Will HNT Also Benefit?
As the crypto market watches AKT's performance closely, another top performer today, HNT, is also attracting attention. HNT has surged back above $7.10, with traders looking for a retest of recent highs around $8.0. A further breakout could pave the way for a potential return to 2024 highs near $11.0.
Helium, known for its decentralized Internet of Things wireless network protocol, is currently one of the leading DePIN protocols in the market. The positive momentum in both HNT and AKT indicates a bullish sentiment in the market.
Alternative to Top crypto Performers Today
While HNT and AKT offer significant growth potential in this bull market, some investors may be seeking even higher returns. For those looking for alternative investment opportunities with greater upside potential, exploring crypto presale investing could be a viable option.
Presales present investors with the opportunity to invest in promising projects at discounted prices before they launch publicly. While presales carry inherent risks, diligent research and careful selection of high-quality projects can lead to substantial returns for investors.
Cryptonews.com provides insights into some of the best crypto presales to consider for investors looking to diversify their portfolios and capitalize on early-stage opportunities in the market.
