By Omkar Godbole (All times ET unless indicated otherwise)
The crypto market is looking to regain some poise after yesterday’s tumble with on-chain indicators showing signs of capitulation in bitcoin. Some tokens, like MakerDAO’s MKR, stand out with a 20% gain in 24 hours, thanks to the DAO’s buyback and burn process.
IP, the native token of decentralized intellectual property-focused blockchain Story Protocol, is also in the green, having risen nearly 40%. The token’s price has doubled in two weeks after being listed on South Korean exchanges.
Other notable outperformers include Celestia’s TIA along with XDC, QNT and HYPE. Data tracked by blockchain sleuth Lookonchain shows whales have been buying the dip in the HYPE token. XRP, meanwhile, is hanging on to a key Fibonacci level, keeping bulls’ hope for bigger gains alive.
According to Matthew Hougan, chief investment officer of Bitwise Asset Management, the crypto market is digesting…
