Bitcoin, DOGE and ETH Drops: These 3 Altcoins Are Jumping! - News-Credit-Mortgage-Coin


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Sunday, September 19, 2021

Bitcoin, DOGE and ETH Drops: These 3 Altcoins Are Jumping!


Despite almost no trading volume this weekend, Bitcoin price has managed to stay above $48,000 as of now. Bitcoin approached $49,000 for the first time in a week, but failed to surpass it and returned to $48,000. Dogecoin (DOGE) is also below the $0.25 level and is trading at $0.24. Ethereum (ETH) is also below $3,500. Except for a few, most altcoins are in red. But in this article, we take a look at what's on the rise…

DOGE, BTC, ETH fell the most while ATOM became the highest

In the last 24 hours, the highest-ranking coins by market cap, such as BTC, ETH, and DOGE, have dropped by almost 2%. Meanwhile, Cosmos' ATOM token, which released its inter-blockchain communication protocol (IBC), which allows different cryptocurrency platforms to exchange and transfer tokens with each other, in March, gained 8.88 percent.

Analysts draw attention to the importance of IBC in altcoin, which enables widespread interoperability with this IBC. In fact, Coin Bureau, a cryptocurrency analyst, says, “With the completion of the IBC, Cosmos has solidified itself as a leader in a niche where virtually no cryptocurrency competes.”

ALGO and OMG also rose

As we reported on, SkyBridge Capital, owned by Anthony Scaramucci, recently announced its plan to launch an Algorand fund limited to $250 million at the annual SALT Conference. Having experienced a sharp rise after this, ALGO maintains its momentum with an increase of 5.17 percent at the time of writing. Algorand is a self-sustaining, decentralized, Blockchain-based network that supports a wide variety of applications. As of writing, it is trading at $2.10 as the 18th largest cryptocurrency by market cap.

The third highest rising altcoin was OMG Network (OMG). OMG Network, formerly known as OmiseGo, is an unattended, layer 2 scaling solution for the Ethereum Blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens much faster and cheaper than transacting directly on the Ethereum network. OMG was up 5.15 percent at the time of writing.

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