The cryptocurrency market has bled over the course of the week. Bitcoin and subsequent altcoin projects, which fell with the publication of the Fed’s minutes, did not perform well in the first trading week of 2022. However, the 4 altcoins in the top 100 by market cap experienced the most intraday rises. cryptocoin.com We examine them as…
4 altcoins started the day with a rise
The top-earning altcoin on Saturday morning was Internet Computer (ICP) with 17.68 percent. There are many factors in the rise of ICP. These include the decision by the largest cryptocurrency exchange Binance to list on January 4 a financial intermediary that will allow investors to directly exchange ICP for Ethereum’s native token Ether (ETH), and the launch of Terabethia, a cross-blockchain bridge. This bridge allows ERC20 tokens on the Ethereum network to exist locally on the Internet Computer Blockchain.
In second place is the oracle platform Chainlink (LINK), with an increase of 15.71 percent. Chainlink entered 2022 by announcing multiple partnerships with DeFi and NFT projects. The project also gained momentum with its focus on developing the Cross-Chain Interoperability Protocol (CCIP), which helps facilitate the continued growth of the multi-chain ecosystem.
On the other hand, Dash (DASH) gained 15.73 percent with the integration of THORChain. Finally, the Blockchain protocol Secret Network (SCRT), with built-in data privacy for data transfer, decentralized finance (DeFi), and smart contracts that provide programmable privacy for NFTs, gained 13.62 percent. The SCRT price hike comes after film director Quentin Tarantino’s announcement that the popular Pulp Fiction movie will air NFTs on the Secret Network.
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