These 8 Altcoins Are Soaring As Bitcoin, ETH, and DOGE Drop!

 

Bitcoin continues to falter below $47,000, while other major cryptocurrencies are also on the decline. Alongside Bitcoin, Ethereum (ETH) is also trading below $3,500 and is down 2.3 percent in the last 24 hours. ADA fell 2.7 percent, BNB 0.6 percent, and DOGE fell 2.0 percent. On the other hand, some altcoin projects continue to rise.

The highest rising altcoin of the day: Tezos (XTZ)

Tezos (XTZ) is a blockchain network based on smart contracts. XTZ has gained 27.82 percent in the last 24 hours and reached $5.92. The Tezos ecosystem remains alive. Recently, the famous pop star Doja Cat launched the NFT collection on the Tezos-supported OneOf NFT marketplace. On the other hand, more than 400,000 transactions were processed in the last 24 hours for the first time on the Tezos network.

Celo (CELO), the ecosystem focused on increasing cryptocurrency adoption among smartphone users, gained 26.82 percent. In late August, a consortium of DeFi organizations, including Celo, announced a joint education effort aimed at raising global awareness of decentralized finance, and pledged up to $100 million in grants and incentives. The ICON token of the decentralized network ICON focused on interoperability gained 23.69 percent. Besides its price, ICON has also seen a serious jump in volume. ICON will be releasing version 2.0 soon.

Other altcoin projects gaining value

Harmony (ONE), the platform designed to make dApps easy to build and use, saw a 21.96% increase in value. Announced a $300 million ecosystem fund to accelerate the Harmony protocol, 10,000 developers on the network. ONE also seems to have made a splash after this announcement.

Arweave (AR), a storage platform offering, rose 11.64 percent. Curve DAO Token (CRV), a decentralized exchange for stablecoins that uses an automated market maker to manage liquidity, gained 11.56 percent. Cosmos (ATOM) boomed when Terraform Labs announced Project Dawn, a $150 million funding initiative to support Cosmos Core technology. Finally, the review platform Revain (REC) experienced an increase of 11.29 percent.

ALTCOIN, ARWEAVE, CELO, COSMOS, CURVE, HARMONY, REVAIN, TEZOS