Layer-1 Altcoins Defy Bitcoin Dip: AVAX, DOT, FTM Surge

• As Bitcoin dips below the $95,000 price level, altcoins are expected to print gains.
• AVAX and DOT are up 62.74% and 105.55% in the past month.
• XDC turned bullish in the past day, skyrocketing 11% in 24 hours.

Bitcoin’s (BTC) recent dip below $95,000 has triggered a decline in the altcoin market, creating a potential buying opportunity. Several Layer 1 altcoins, in particular, are showing strong bullish signals.

These Layer 1 tokens include Avalanche (AVAX), Polkadot (DOT), Fantom (FTM), Internet Computer (ICP), Algorand (ALGO), Quant (QNT), XDC Network (XDC), Aptos (APT), and Sei (SEI). With Bitcoin (BTC) trading at $94,311.81, down 1.8% from its all-time high of $99,655.50, altcoins are expected to dominate soon once BTC breaks $100,000.

Read also: XRP Eyes Top 5 as Stellar Records a 463% Price Surge

As per CoinMarketCap data, AVAX trades at $41.48, down 71% from its all-time high of $41.56. Despite this, the digital asset gained 18.46% in the past week, 62.74% in the past month, and 97.59% since November 2023. In contrast, DOT and FTM trade respectively at $8.27 and $0.9517, down 7.29% and 0.38% yesterday. But FTM jumped 46.91% in the past 30 days, wh…

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