The post Toncoin (TON), Uniswap (UNI), and Cronos (CRO) Defying Bearish Order appeared on BitcoinEthereumNews.com.

The market outlook is bearish after Bitcoin (BTC) slipped below its psychologically significant level at $60,000. Despite the bearish outlook in BTC Price and the impact on top coins like Ethereum (ETH), the trio of Toncoin (TON), Uniswap (UNI), and Cronos (CRO) have decoupled from the former’s grip. BTC price fell as low as $58,752.78 in the past 24 hours, derailing most altcoins’ prior momentum. At the time of writing, the price of Bitcoin has recovered to $59,114.28, down by 2.88% in 24 hours. Based on the Toncoin, Uniswap, and Cronos Decoupling It is not uncommon to find outliers in the market whenever the price of Bitcoin is facing a downtrend. At times like this, ecosystem fundamentals and technical indicators overshadow the bearish turns. This is the case for TON, UNI, and CRO. At the time of writing, Toncoin was trading for $6.969, up 7.26% in 24 hours compared to Bitcoin. While the price of Bitcoin is maintaining a 6.82% surge in the trailing 7-day period, Toncoin is up by more than 28%. Toncoin Price Chart Impressive as TON is, it is not the only coin with impressive performance against Bitcoin. UNI, the native token of the Uniswap Decentralized Exchange, has jumped by 3.46% to $6.381. In the past seven days, UNI has added a 13.49% surge to its market valuation, making it one of the most profitable in the altcoin world today. Uniswap Price Chart CRO is also an exchange token with a 2.29% 24-hour growth to $0.09029. Cronos has even recorded a more ambitious 14% growth over the past seven days.  Cronos Price Chart While the market is still recording volatility following the US CPI inflation data release, the pace set by these altcoins might trigger a more impressive breakout. The Encroaching Altcoin Season It is worth noting…

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Filed under: News - @ August 16, 2024 4:21 pm