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Many altcoins are reaching a new ATH as the general crypto market begins to recover

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Bitcoin (BTC) is trading in the green despite Thursday’s decline, gaining 14% for the week. On the other hand, Ethereum (ETH) has gained 12% over the past week. Most of the market traded similarly, with the global cryptocurrency market cap up 2.7% to $1.12 trillion. Some altcoins even hit its highest ever at this time.

OKB

OKB has been on the rise for the past week. However, it reached a new ATH after cryptocurrency exchange OKB announced the launch of OKBChain, a new blockchain, in the first quarter. The news led to a 15% increase in the price a few hours later, reaching ATH at $52.8 on Thursday.

As the bulls are trying to pump up the altcoin, the bears are making efforts to bring it back below the $50 level. Right now, $50 is the immediate hurdle. As for the next target, the Fibonacci retracement shows that it is at the $65 level. Meanwhile, a further rally in BTC could drive the altcoin higher in the coming weeks.

OKB is trading at $54.8, an increase of 110.45% to date and 207.63% in the past six months.

villa

VELA token is trading at $6.90, up 2.3% over the past 24 hours, with a trading volume of $6.06 million. On February 17, the coin reached an ATH of $7.65.

The token was recently dropped and immediately started to perform well. From Beta, the token has a trading volume of $27 million and a total trading volume of $11 million in 8 days. The token is also listed on MEXC, and there is a roving airdrop for beta participants. It is also partnered with Avalanche.

The Vela exchange also reduced gas fees by 50% and reported seeing a 2-3x improvement in UI loading speeds for orders and positions on February 15th. Moreover, the company is working on constant upgrades to make trading simpler.

OAS

OASUSDT. sourceTrading view

Oasys (OAS) price reached $0.12077, up 9.47% over the past 24 hours. On February 18, the token reached an ATH of $0.13011.

The rise came after the company behind it, Oasys, announced that it is exploring further collaborations in the world of blockchain games and blockchain-based services earlier this week. Yesterday, I also partnered with Softbank while the bank is exploring Web3. At the end of last month, the company announced its plans to list on January 31 and a plan to convert to a DAO, thus avoiding the “centralization risk.”

GMX

GMX is trading at $84.86 and is up 10.80% in the last 24 hours. It reached an all-time high of $84.93 on February 16.

GMX is Arbitrum’s largest protocol and the main reason why the platform has grown exponentially. It has the lion’s share of the total value locked (TVL) on Arbitrum and is thriving despite the crypto winter.

SSV

SSV Network is trading at $35.15, up 2.23% in the last 24 hours. It reached ATH on February 16th at $37.21.

Notably, SSV Network received a $50 million ecosystem fund on January 20 to help the platform build more staking apps.

FT

Fraction Protocol is trading at $5.3, up 0.61% over the past 24 hours. The token reached an all-time high on February 13 at $5.77.

FT token holders play a major role in the future of the permissionless Fracton Protocol through voting and suggestions. The protocol aims to create a liquid market and emerge as a solid financial infrastructure for the NFT ecosystem.

GNS

Gains Network (GNS) is trading at $11.13, up 40.92% over the past 24 hours. The token reached ATH on February 17 at $12.48.

GNS is up 111% after being listed on Binance in the Innovation District. Notably, the Innovation Zone allows users to securely purchase new tokens. On the day it reached ATH, Binance announced that GNS/BTC and GNS/USDT were in spot trading mode on February 17.

Tsuka

Dejitaru Tsuka (TSUKA) is trading at $0.140426, up 12% over the past 24 hours. The token reached ATH on February 16 at $0.15717.

Dejitaru Tsuka prides itself on being a decentralized community focused on research, reflection, and meditation. The token started to gain momentum after rumors of its relationship with the creator of the Shiba Inu. On February 14, its Twitter page showed that it had reached a new stage with more than 10,000 Telegram owners and 9,000 Telegram members.

BGB

The Bidget (BGB) token is trading at $0.438, up 2.69% over the past 24 hours. The token reached an all-time high of $0.515471 on February 16.

The token has been green for the best of the past year despite the crypto winter and FTX crash that shook the entire crypto market. When FTX went down, the trading volume of the Bidget exchange increased by more than 300%. Its ATH is on the rise, which is attributed to strategic partnerships, leading products and market expansion.

CNC

The cone price is $11.56, up 11.22% in the last 24 hours. The token reached ATH on February 16 at $12.05.

The token has a circulating supply of 3.89 million CNC with a 24-hour trading volume of $521,887.00.

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