Some altcoin projects were bullish as Bitcoin (BTC) continues to face stiff resistance near the $42,000 price level. The rise of some was in double digits. The latest data shows that the top earners over the past day are Elsastos (ELA), API3 (API3), Prometheus (PROM), Haven Protocol (XHV), Stacks (STX), Beefy Finance (BIFI) and cETH. cryptocoin.com We are giving the details as…
Despite the decline, 7 altcoins rose
Over the past day, 7 altcoins have risen. In particular, there are various developments behind the rise of 3 of them. The Elastos protocol, a web3-focused project that initially aims to be the “Blockchain-powered version of the internet,” has experienced a notable 22 percent rally. The increase in price and trading volume for ELA comes after the Elastos Foundation announced its plans for a buyback program for the ELA token. Glide Finance, the platform’s first decentralized exchange, also saw an increase in the overall value locked in.
On the other hand, API3, a protocol focused on improving communication capabilities between smart contracts and application programming interfaces (APIs), has risen as a way to facilitate the secure and reliable transfer of the most up-to-date data. The surge in interest in API3 comes as first-party oracles of the protocol gain momentum within the crypto community.
Finally, there are several developments behind the rise of Prometheus, which offers users a decentralized framework for data monetization designed to facilitate secure and private data exchange. The price hike for Prometheus came as the project prepared for its full mainnet launch. Network; Binance Coin (BNB) will provide support for seven assets, including wrapped BTC, PROM, Tether (USDT), USD Coin (USDC), and Wrapped Ethereum (WETH).
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