Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL) are struggling to recover from last week’s crash. However, 7 altcoins in the top 100 by market cap are challenging them, making surprising gains. cryptocoin.com We are dealing with the most rising coins on a daily basis…
These altcoin projects became the highest risers of the day
Looking at the altcoins in the top 100 with their market value, the coin that gained the most value today was Oasis Network (ROSE). Behind ROSE’s rise is an investment in the ecosystem. Binance Labs, the venture capital (VC) arm of Binance cryptocurrency exchange, announced on Tuesday that it will contribute $200 million in ecosystem development funding from the Oasis Foundation, sending a strong signal that major investors are willing to support emerging projects in alternative blockchain networks.
Second, Fantom (FTM), a smart contract platform that provides decentralized finance (DeFi) services using its own consensus algorithm, gained in value. Trading on Phantom has been bullish this week. More than 1 million transactions took place on the phantom network. In addition, the increase in the number of platforms created in the Fantom network draws attention. The third coin that rose the most was Harmony (ONE). Harmony recently announced that it has partnered with Celer Network.
OMG, NEAR, LPT and KSM also gained in value
On the other hand, OMG Network’s OMG token, formerly known as OmiseGo, gained in value. Layer 1 Blockchain Near Protocol’s NEAR token gained momentum in anticipation of an announcement. NEAR announced in a recent tweet that they will start 2022 with a major announcement by the CEO of the NEAR Foundation explaining how NEAR will further accelerate its growth in 2022, using the words “Get ready for the first Near Protocol headquarters building”. .
Sixth, the LPT token of the decentralized video streaming protocol Livepeer rose. Livepeer has recently received a $20 million investment. Finally, Kusama’s KSM, which is described as an experimental blockchain designed to provide a massively interoperable and scalable framework for developers, has appreciated. Kusama continues to add new projects to its network with slot auctions.
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