Bitcoin (BTC), which rose to an all-time high of $ 69,044 yesterday, experienced a pullback to $ 64,458 during the day. The stagnation of BTC after its ATH was also reflected in some major coins: Coins such as Ethereum (ETH), Shiba Inu (SHIB) did not experience a serious rise. However, in the last 24 hours, 5 altcoins stood out among the top 100 with their market capitalization.
These altcoins rose as Bitcoin, ETH fell
Among the highest risers of the day, IoTeX (IOTX) took the lead with 57.29 percent. IoTeX set out to build a platform that started as an open-source project in 2017, the purpose of which is to power the open economy for machines. Recently Chainlink; Offered a Chainlink Community Grant to Protofire to natively integrate Chainlink oracles into IoTeX, an open-source Blockchain.
Loopring (LRC) is in second place. The LRC rose 24.64 percent. Loopring is a secondary layer scaling solution for the Ethereum network that uses zk-Rollups to help lower fees and increase throughput for decentralized exchanges (DEX) and payment protocols. The sustained momentum for the Loopring price comes as the Ethereum network continues to offer lower transaction fees compared to other L2 solutions, including the second layer protocol Arbitrum and Optimism, while fees remain high.
MINA, HNT and KDA rise
In third place is Mina Protocol (MINA). MINA experienced an increase of 17.70 percent. Mina Protocol is a minimal “concise Blockchain“ created to reduce computational requirements to run DApps more efficiently. How Mina Protocol has partnered with ZK Hack to set up an interactive Snapps workshop.
Learn how to write and deploy a #Mina Snapp!
Mina has partnered up with @_zkhack_ to bring you an interactive Snapps workshop to learn how to code in SnarkyJS and be among the first to deploy a Snapp on #Mina! Save your spot here👇https://t.co/xnNkviFQnO
— Mina Protocol (@MinaProtocol) November 10, 2021
Helium (HNT) is in fourth place. HNT rose 11 percent. Helium is a decentralized blockchain-powered network for IoT devices. The number of Hotspots provided by Helium has exceeded 300,000 worldwide, meaning its use is spreading.
The last coin to rise the most was Kadena (KDA). The reasons for the rise in the price of KDA include the launch of Wrapped KDA (wKDA) on the Ethereum network, the rollout of non-fungible token (NFT) projects, the addition of KDA staking support and its listing on various exchanges.
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