Crypto market tumbles: Which altcoins are still in the green?
Conflux (CFX) continues to lead while Pudgy Penguins (PENGU) has another meme coin moment.
After an impressive month-long rally, the altcoin market appears to be losing steam, with many top performers turning red over the last 24 hours.
But a few are still clinging to gains, and some are even managing to push higher.
If you’re watching from the sidelines wondering if the altcoin rally is over, here’s what’s still holding up, and what’s behind their recent price action.
(Reminder: This isn’t financial advice. Altcoins are notoriously volatile, and just because a coin has pumped this week doesn’t mean it’s a good time to buy.)
1. Conflux (CFX)
7-day gain: +74.37%
Use case: A layer-1 blockchain with regulatory ties in China, designed for high-speed, scalable apps.
What’s driving it: A partnership announced in Shanghai with AnchorX and Eastcompeace to launch a yuan-backed stablecoin (AxCNH) gave it a major boost, fuelling renewed interest in China-based infrastructure plays.
Read: Where to buy Conflux
2. Tezos (XTZ)
7-day gain: +37.04%
Use case: A proof-of-stake blockchain used for smart contracts, NFTs, and DAO infrastructure.
What’s driving it: Fresh attention from institutional investors thanks to its integration into tokenisation projects and new NFT marketplace deals. Its energy efficiency and upgrade model are also drawing interest.
Read: Where to buy Tezos
3. Pudgy Penguins (PENGU)
7-day gain: +33.42%
Use case: A memecoin inspired by the popular NFT collection, expanding into gaming and licensing.
What’s driving it: Buzz around upcoming cross-platform games and merchandising deals has kept momentum going, helped by strong community backing.
Read: Where to buy PENGU
4. Ethena (ENA)
7-day gain: +28.26%
Use case: A synthetic stablecoin protocol that powers USDe, a yield-bearing stable asset.
What’s driving it: Institutional buzz after StablecoinX (a vehicle for investing in Ethena) announced plans to go public. A US$260 million ENA buyback program has also helped lift prices.
Read: Where to buy Ethena
5. Flare (FLR)
7-day gain: +27.13%
Use case: A smart contract platform bringing DeFi to tokens like XRP and Litecoin.
What’s driving it: A new US$2.2 billion FLR incentive program launched this month has boosted demand. With its XRPFi DeFi hub gaining TVL and more exchange listings, Flare is gaining traction.
Read: Where to buy Flare
Want to get in?
These coins are all available on select Australian exchanges, though just be aware that not every platform lists them.
Click the coin names above to see our full guides, including which platforms support each token.
And remember: green today doesn’t guarantee green tomorrow.
Sources
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