Dogecoin

Cardano

Toncoin

PEPE

Conflux

<ul> 
 <li>Toncoin (TON), Cardano (ADA), and Conflux (CFX) defy the market slump, showcasing resilience with gains.</li> 
 <li>TON bucks the trend with a 20% monthly gain overtaking Dogecoin as the 8th largest crypto.</li> 
</ul> 
The global cryptocurrency market has displayed a notable downtrend recently. Following a substantial price surge, Bitcoin (BTC) briefly <a href="https://thenewscrypto.com/bitcoin-btc-shoots-5-rally-a-sign-of-rebound/" target="_blank" rel="noreferrer noopener">climbed</a> above $63,700 before experiencing a decline that mirrored the overall market trend. In the past 24 hours, the global crypto market saw a bearish reversal, dropping over 2.32% to $2.26 trillion. 
Despite the widespread downturn, a few altcoins, including Toncoin (TON), Conflux (CFX), and Cardano (ADA), have managed to post gains.&nbsp; 
<h3 class="wp-block-heading" id="h-top-crypto-gainers-of-the-day">Top Crypto Gainers of the Day</h3> 
Toncoin emerged as the top third <a href="https://coinmarketcap.com/gainers-losers/" target="_blank" rel="noreferrer noopener nofollow">performer</a>, with a 2.66% increase in the last 24 hours, adding to its week-long ascent of 7% and erasing previous losses. While most assets saw declines in their monthly performance, TON continued its rally and recorded a 20% increase. This upward movement has let Toncoin surpass Dogecoin, becoming the 8th largest cryptocurrency by market cap. 
At the time of writing, <a href="https://thenewscrypto.com/toncoin-ton-price-prediction/" target="_blank" rel="noreferrer noopener">TON is trading</a> at $7.96 with a market cap of $19.59 billion, now 3% below its all-time high of $8.24. The recent traction for Toncoin can result from its listing on Kazakhstani exchanges and increased investments from Pantera Capital. 
Cardano has also showcased <a href="https://thenewscrypto.com/cardano-ada-price-poised-for-recovery-as-investor-optimism-remains-strong/" target="_blank" rel="noreferrer noopener">notable growth</a>, climbing 3.87% to a peak of $0.4219. This surge has boosted its market cap to $14.85 billion, with a 22% rise in daily trading volume. The recent uptick is likely driven by anticipated network upgrades and increased on-chain activity, suggesting bullish sentiment despite market volatility. 
Conflux has been another standout, rising 6.63% in the last 24 hours to a high of $0.1752, topping the gainers list. Over the past week, Conflux has <a href="https://thenewscrypto.com/conflux-cfx-price-prediction/" target="_blank" rel="noreferrer noopener">surged</a> over 10%, with a current market cap of $730 million. However, the daily trading volume for Conflux decreased by 28%, indicating some caution among traders. 
Overall, while the broader crypto market faces fluctuations and regulatory challenges, select altcoins are showing bullish momentum. 
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Toncoin and Cardano Lead Gains Amid Crypto Market Slump

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TheNewsCrypto

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