The prices of Bitcoin and some altcoins have seen a sharp sell-off this week. Bitcoin, Ethereum, Cardano, Binance Coin, XRP, and meme-based coin Dogecoin have all dropped by 10 percent over the past week. These coins have also lost about 5 percent on the last 24-hour scale. So, which altcoin projects gained value in this process? cryptocoin.com We examine those who are in the top 100 according to market value and have the highest increase in one day…
Quant (QNT) became the most rising altcoin: ATH did
Launched in June 2018 with the aim of interconnecting networks on a global scale, Quant’s QNT token, the first project to solve the interoperability problem via Blockchain, experienced a 26.46% increase. Quant recently released Overledger version 2.0.5, thus bridging the ecosystem with stablecoins, DeFi, NFTs, and assets with the popular ERC20-ERC721 token standard. The network’s token, QNT, has reached its all-time high (ATH) at $425.
Terra (LUNA) ranks second among the most valued winners. Terra, a network aimed at powering global payment systems, and Terraform Labs (TFL), the team behind Terra, recently announced the launch of Blockchain’s new funding initiative called Project Dawn. The $150 million fund is expected to support “critical infrastructure improvements” and further advance cross-blockchain communications. The network’s token, LUNA, rose to $44.34 overnight, making ATH. At the time of writing, it is trading at $40.05 and has gained 26.12 percent.
Elrond (EGLD) gains on this week’s developments
Another coin that rose the most was Elrond (EGLD). There have been many developments in the Elrond ecosystem this week. With their new partnership, Elrond Network and Cudos are set to empower their customers with a two-layer interoperability mechanism. On the other hand, it became directly accessible to customers in the USA by integrating with MoonPay. EGLD gained 18.20 percent.
On the other hand, Avalanche (AVAX) gained 16 percent. Ecosystem announced its integration with ParaSwap. It has been announced that Binance has integrated Avalanche’s C-Chain. Users will have direct access to Avalanche’s DeFi applications, which have a locked total value of over $2.5 billion, via Binance.
Other valuable coins: Raydium (RAY) and Hedera Hashraph (HBAR)
Fifth, it was Raydium (RAY) that experienced the most gains. Raydium is an automated market maker and liquidity provider built on the Solana Blockchain for the decentralized exchange Serum. The ecosystem’s RAY token surged 8.83 percent. Finally, Hedera Hashgraph (HBAR), which enables individuals and businesses to build powerful dApps, rose 8.46 percent.
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