Which Are The Best Performing Cryptocurrencies from Top 100 Today?

The recent market recovery has sparked optimism among cryptocurrency investors, with some altcoins registering significant gains.

Bitcoin Cash (BCH) recently broke out of the inverted “head and shoulders” pattern, a bullish technical formation that has caused its price to jump 15.3% in the last 24 hours.

As of July 29, BCH is trading at a price of approximately $454, which along with BSV makes it the best performing among the top 100 cryptocurrencies. This increase boosted its market capitalization to $8.973 billion,

Several key factors led to this recent price spike. One significant catalyst was Bitcoin and Bitcoin Cash’s recovery of the amounts of injured customers affected by the Mt. Gox hack in 2014.

This resolution of a long-standing issue has renewed interest in BCH. In addition, there was significant activity on the whales, with several large purchases reported.

Trading volume is also considered to be an important factor, with around $503.3 million recorded over the last day.

High trading volumes often correlate with strong price movements, supporting the bullish trend and confirming the strength of the price increase.

The other best performing asset today (July 29) is Bitcoin Cash’s hard fork, Bitcoin SV (BSV). Over the past 24 hours, BSV has surged just over 15.4% and recorded a trading volume of $68.53 million.

Attention is also focused on 2 cryptocurrencies with a smaller market capitalization, but with a larger intraday jump.

AIOZ Network (AIOZ), for example, gained 27% over the same time period, followed by meme cryptocurrency Book of Memes (BOME) with a 20% increase.