Bitcoin (BTC) has failed to record a particular rise in the last 24 hours, while it is as low as $2,000 below its all-time high of $64,000. Still, it gained 7.6 percent in 7 days. On the other hand, Ethereum is changing hands at $3,786, down 1.2 percent. Popular meme coins DOGE and SHIB are also seeing sideways movement. So which altcoin projects have risen the most in the last day? Here are the details…
The altcoin project that gained the most value was OKB
OCD took a leap in the morning hours, climbing as high as 14 percent. OKB is a cryptocurrency launched by the OK Blockchain Foundation and Malta crypto exchange OKEx. OKB is the OKEx utility token that gives users access to the special features of the crypto exchange. The coin is used to calculate and pay transaction fees, give users access to voting and management on the platform, and reward users for holding OKB. OKEx ranks twenty-eighth in the overall cryptocurrency exchanges ranking by trading volume.
Phantom surpasses BTC and ETH on its overall rise
Fantom, the second highest rising altcoin of the day, also experienced a serious rise on a monthly basis. Phantom surpassed the rally recorded by BTC and ETH this month. cryptocoin.com As we reported, throughout, to date, top cryptocurrencies, Bitcoin and Ethereum, have increased by only 38 percent and 30 percent respectively. In fact, the top 35 cryptocurrencies didn’t rise that high, except for the Shiba Inu. Phantom has seen an increase of 85.71 percent since October 1, and over 12 percent in the last 24 hours alone. Moreover, the excitement increases as the Phantom Developer conference approaches.
In addition to the rise seen in terms of price, the network has already witnessed a significant increase in investor participation. Investments increased as well as participation. Average active addresses increased by 353 percent from 203 addresses to 1.2 thousand. It also saw a 202 percent increase in average trading volume, currently averaging $150 million. Also, the addition of multiple projects to the Blockchain has resulted in the network growth rate increasing by almost 462 percent. Recently, stablecoin TrueUSD (TUSD) was added to the network via the AnySwap protocol. The expansion of Yearn.Finance to Fantom has improved yield farming opportunities for FTM investors.
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