Bitcoin (BTC) managed to rise above $ 62,000 after falling back to $ 59,000 in the morning. However, it has experienced a 1.6% increase in the last 24 hours. Major cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), and Cardano (ADA) have also risen slightly in the last 24 hours. However, the top 5 altcoins by market cap have gained a surprising amount. cryptocoin.com We review them as…
The most rising altcoin project of the day: Qtum (QTUM)
The highest rising altcoin of the day was Qtum (QTUM) with 30 percent. Qtum is a proof-of-stake based smart contract platform, open source Blockchain platform and value transfer protocol. Qtum is built on Bitcoin’s UTXO transaction model with smart contract execution and additional functionality of DApps. Qtum may have caught the attention of investors by announcing that it will be rebranding soon.
Second, the HOT token of Holo, the platform created to host applications aimed at developing dApps that do not require blockchain technology, rose 19.47 percent. The Holo ecosystem recently shared their timeline for the fourth quarter of 2021, and in line with that schedule, they recently made Elemental Chat public.
The early stage of our process towards the public release of Elemental Chat began this week with an interoperability test with the chat app running as a hosted application on Holo and also running as an independent node using the Holochain Launcher.
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— Holo (@H_O_L_O_) October 29, 2021
Third, THORChain (RUNE), a decentralized liquidity protocol and decentralized exchange, rose 16.31 percent. The team announced that they intend to launch the THOR Yield App on the AppStore by Christmas time. In addition, the network, which has been hacked multiple times over the past summer, recently announced that it received passing grades in a new security audit.
SCRT continues to rise
In fourth place is Secret Network (SCRT), which has been on the agenda recently. Secret Network is a Blockchain protocol with built-in data privacy for smart contracts and decentralized applications, powered by native SCRT token. SCRT has been booming in a recent partnership with OpenSea, the largest NFT marketplace. As a result of this partnership, the first anonymous NFTs are launched on the Secret Network. Finally, XDC Network (XDC) gained 10.40 percent. XDC is a flexible Blockchain protocol that can bypass some of the major issues faced by centralized platforms.
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