Altcoins SNT, SUSHI, and BLZ surge as Bitcoin remains below $35K

Altcoins including Status (SNT), SushiSwap (SUSHI), and Bluzelle (BLZ) have experienced significant gains in the cryptocurrency market, while Bitcoin (BTC) continues to hover below the $35,000 mark. According to insights provided by blockchain intelligence firm Santiment, these three altcoins have emerged as top performers, capitalizing on the profits generated by Bitcoin.

SushiSwap (SUSHI), one of the leading decentralized exchanges in the crypto space, witnessed a remarkable surge of over 82% in its price over the past week. Santiment’s data shows that SUSHI’s impressive price rally caught the attention of investors and traders alike. However, at the time of writing, SUSHI experienced a 24-hour price dip, possibly due to profit-taking activities, with the altcoin trading at $1.10.

Bluzelle (BLZ), a decentralized data storage network, managed to secure a weekly gain of more than 39%. The cryptocurrency market saw traders consistently boosting the price of BLZ, with an increase of more than 3.8% in recent trading. This surge pushed BLZ’s value to $0.2842, reaching a high of $0.2956 in the last 24 hours before retracing to its current level. Notably, BLZ remains closer to its peak than its daily low of $0.2684.

Bitcoin shows modest gains while Altcoins thrive

Status (SNT) outshone other altcoins with an astonishing surge of over 108% in the past 7 days. This remarkable performance garnered significant attention in the crypto community. In the last 24 hours, SNT continued to impress with a 26.37% gain, elevating its value to $0.06451. Alongside the price jump, SNT’s daily trading volume also experienced a substantial uptick, reaching a total volume of $338,582,023.

At the time of writing, Bitcoin (BTC), the dominant cryptocurrency, showed a modest gain of 1.12%, trading at $34,812.21. This contributed to BTC’s positive weekly performance, pushing it up by 2.18%. However, Bitcoin’s market dominance slipped by 0.18% during the past day, bringing its market dominance down to 52.40%.