Cryptocurrency markets seem to have rallied as of Monday morning, and rebounded quickly after the Chinese news. As we reported as Kriptokoin.com, after China announced on Friday that it banned crypto currency trading and mining, the news came yesterday that the crypto money exchange Huobi Global will stop the account registration of new users in China and close existing accounts. In addition to major cryptocurrencies such as Bitcoin, Ethereum, XRP, which rose in the range of 7-10 percent daily, other altcoin projects also increased. Here are the 6 altcoins that gained the most value in the last 24 hours…
These 6 altcoins jumped as the market recovered
cryptocoin.com As we have also reported, after China announced on Friday that it banned cryptocurrency trading and mining, the news came yesterday that the cryptocurrency exchange Huobi Global will stop the account registration of new users in China and close existing accounts. Despite these news, the cryptocurrency market recovered and Bitcoin climbed above $ 44,000. Ethereum, on the other hand, exceeded $ 3,000 again.
Meanwhile, mostly decentralized finance (DeFi) altcoins were on the rise. Firstly, Perpetual Protocol (PERP), which has seen a slight increase every Monday when the weekly staking rewards are distributed, has increased by over 50 percent this time. Perpetual Protocol is a protocol built on an automated market maker design and its native token is PERP.
Mostly DeFi altcoins gain momentum
While mostly decentralized platforms’ tokens have gained in value, the OKB token of centralized cryptocurrency exchange OKEx has also been on the rise. OCD rose 34.29% in 24 hours. Third, UNI, the governance token of DeFi platform Uniswap, gained 34.69 percent.
Uniswap fork Sushiswap’s SUSHI posted an increase of 23.39%. Last week, one of the developers behind SushiSwap denied a vulnerability reported by a white-hat hacker spying on its smart contracts, and assured that there were no funds at risk.
XDC rises with announcement of partnerships
Fifth, the price of XinFin Network’s XDC token, a protocol gaining momentum in terms of institutional adoption, rose 22.84 percent. XinFin Network is an enterprise-ready hybrid Blockchain solution specifically designed to optimize international trade and finance.
XinFin has recently integrated with the global Trade Finance Initiative. In addition, the world’s first decentralized email solution, LedgerMail, was launched on this network. Finally, the Curve DAO Token (CRV) gained 19.08 percent.
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