cryptocoin.com As you can follow from the news, the crypto money market turned red for a significant part of the last week. However, there was a movement over the weekend, and while some of the cryptocurrencies recovered, some altcoin projects broke new records. Six altcoins among the top 100 cryptocurrencies in terms of market capitalization have climbed to new heights under the leadership of Avalanche (AVAX), equaling the previous all-time high (ATH). We took a look at these projects for our readers.
We can say that this week has been quite productive for AVAX, which is in the 11th place in the crypto league. Rising almost continuously throughout the week, AVAX peaked at $147 today and reached a market cap of $30 billion. The AVAX price has been fluctuating since Emin Gün Sirer, CEO of Ava Labs, announced on November 16 that it has partnered with “Big Four” accounting firm Deloitte. Earlier this November, Avalanche backers also launched a new fund called Blizzard, raising an impressive $220 million in seed investment from contributors like Three Arrows Capital, Dragonfly Capital and CMS Holdings.
While the metaverse coin has been gaining popularity in the crypto world lately, the game-focused altcoin project GALA has also maintained its upward movement throughout the week. Coinbase added Gala (GALA) to its professional trading platform earlier last week, followed by support for the altcoin on its retail trading platform on Wednesday. GALA, which was traded at $0.09 on November 14, reached a record high of $0.49.
Another record-breaking altcoin project was Elrond (EGLD). The $1.3 billion incentive program announced by Elrond, a highly scalable, fast and secure Blockchain platform for distributed applications, enterprise use cases and the new internet economy, has had a significant impact on the price of EGLD. In this way, Elrond left behind its previous peak and reached its new high of $418.
Crypto.com Coin (CRO)
Crypto.com is a cryptocurrency exchange that supports trading, investing, staking, wallets, NFTs and more. This exchange offers over 150 different currencies, reasonable fees and discounts for those who own a substantial stake in Crypto.com Coin. CRO, the token of Crypto.com, one of the important crypto money exchanges, also managed to attract attention with the performance of the week. CRO is on the rise as Crypto.com buys the naming rights of the world-famous Staples Center for $700 million, reaching a new ATH of $0.73 today.
Oasis Network (ROSE)
The Oasis Foundation’s announcement of the $160 million “Oasis Ecosystem Fund” on November 17 played an important role in the rise of the Oasis Network (ROSE), a decentralized finance (DeFi) project launched in 2020. The altcoin price climbed from $0.21 earlier this week to a high of $0.427.
Immutable X (IMX)
Immutable X, developed in partnership with StarkWare, is Ethereum’s first zero-knowledge rollup (zk-rollup) scaling protocol for gas-free NFT printing and trading. Immutable X (IMX), a project focused on NFT and games, equaled its previous record and climbed to its new peak with the big move that came over the weekend. Altcoin’s acceleration was effective when some popular games switched to Immutable.
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