As Bitcoin Drops, These 5 Altcoins Are In Bull Runs!

While Bitcoin failed to rise above $46,000, Avalanche (AVAX) skyrocketed by almost 30 percent, recording an all-time high. After falling to $44,000 and rising to $46,000, Bitcoin once again calmed down around $45,000. Most altcoins are green on the daily scale, but some have made impressive gains. With AVAX making ATH, Avalanche is among them. We examine those who are in the top 100 according to market value and gain the most value.

Record came from Avalanche (AVAX)

Avalanche’s AVAX, a platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services, is trading at $63.38, up 28 percent. The coin hit an all-time high at $64.87 around 10:00 am. Avalanche has been on the agenda lately, with its DeFi incentive program Avalanche Rush. Many platforms participated in this program.

Historical Metric Signaled!  “This Altcoin Could Multiply Its Price”

OMG Network (OMG) ranks second among those that have gained the most value. The network is a Layer 2 scaling solution designed to allow users to transfer ETH and ERC20 standard-based tokens much faster and cheaper than transacting directly on the Ethereum network. OMG is up 14.61 percent in the last 24 hours and hit $9.55.

Other top altcoin projects: HBAR, KSM, EGLD

Hedera Hashgraph (HBAR), which builds powerful decentralized applications (DApps) for businesses and individuals, was also on the rise. Hedera announced integration with the artificial intelligence-powered Phobia. “The Hedera integration of Phobia means that credentials can now be verified against the public ledger for added security,” the announcement said. Phobia enables data collection and connectivity across businesses in real time. HBAR may have gained 11.60 percent in light of partnerships.

Kusama (KSM), an experimental blockchain platform designed to provide a massively interoperable and scalable framework for developers, gained 10.34 percent. Recently, Kilt Protocol won Kusama’s sixth parachain auction, with nearly 8,000 network stakeholders locked in KSM.

Finally, the EGLD of Blockchain protocol Elrond, which offers fast transactions using sharding, rose by 10.05 percent. EGLD has recently integrated with MoonPay and now users in the US can purchase EGLD directly. Beniamin Mincu, CEO of Elrond, described it as a “great step towards global adoption”.

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