Major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and the largest meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) fell; Some altcoin projects, which are in the top 100 with their market value, have experienced an increase in the last day. cryptocoin.com We review them as…
Phoenix Global rose 6,329 percent
Phoenix Global (PHB), which has experienced the most rise in the last 24 hours, is a cryptocurrency running on the Neo platform. Phoenix Global (PHB) announced in late September that it will undergo a transition from the NEO Blockchain as well as go through a revaluation process for its token. This process took place on November 1, and the price of the token was reduced by 100:1. This plan was also supported by the famous exchange Binance. The increase in price may also be due to this deliberate change in value.
The second highest rising altcoin was the CRO coin of Crypto.com, one of the famous exchanges. Crypto.com came to the fore with the launch of the UFC NFT. The exchange announced that the NFTs it launched yesterday were sold out within an hour. Third, OMG Network (OMG) experienced the highest rise. OMG is a layer 2 scaling solution built for the Ethereum Blockchain.
Fourth, the KDA token of the Kadena network, which has the only scalable first-layer proof-of-work blockchain along with the smart contract language Pact, rose 18.66 percent. Items such as the renewal of the project’s website and the partnership with Immutable Records, which signaled that it would enter the NFT domain, are thought to have contributed to the increase in the price of KDA.
Other top altcoin projects: AR, XEC, GRT
Alongside the above, Arweave (AR) also gained 16.84 percent. With a focus on Web 3.0, Arweave is a decentralized storage network that aims to provide a platform for storing data indefinitely. On the other hand, eCash (ZEC), formerly Bitcoin Cash ABC (BCHA), also gained 14.81 percent. The team behind the network reported that the number of Twitter followers has exceeded 50,000. In addition, eCash will perform a network update on November 11.
Finally, The Graph’s GRT token, an indexing protocol for querying data for networks such as Ethereum and IPFS, that powers many applications in both DeFi and the broader Web3 ecosystem, gained 12.9 percent. Recently, with the acceleration of Web 3.0, this coin has also gained in value.
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