Altcoins Defy Market Downturn with Significant Gains
Despite a challenging week for the broader cryptocurrency market, several altcoins, including Mantle (MNT), Avalanche (AVAX), and Aster (ASTER), have posted impressive double-digit gains.
Mantle (MNT) surged 12.1% following a strategic partnership with Bybit aimed at enhancing financial products for institutional investors.
Avalanche (AVAX) saw a 10.7% daily increase, driven by ecosystem expansion and a significant acquisition of AVAX tokens for its treasury.
Aster (ASTER), a new decentralized exchange on Binance Smart Chain, rose 7% due to a substantial spike in Total Value Locked (TVL) and trading volume.
These gains contrast with Bitcoin and Ethereum, which remained relatively flat after a week marked by substantial liquidations.