Bitcoin, the largest cryptocurrency, which recently recorded an all-time high with $67,276, has dropped to $61,000 at the time of writing. While Ethereum (ETH) is falling to the $ 4,000 levels, coins such as BNB and ADA are also trading on the red board. Meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) are also experiencing slight drops. So, which altcoins rose the most in the last 24 hours?
BTC, Huobi Token (HT) gains the most as DOGE drops
The largest cryptocurrency Bitcoin (BTC) has returned to its price seen before the all-time high (ATH) with a 3.7 percent drop. At the time of writing, it is trading at $61,170. Ethereum (ETH) is also trading at $4,036 after its ATH of $4,361 and is down 3.4 percent in the last 24 hours. Cryptocoin. com, on the other hand, DOGE, which went above $0.26 earlier this week, returned to the $0.24 region.
While the price movements of the largest cryptocurrencies were like this, Huobi Token (HT), the local token of the cryptocurrency exchange Huobi, rose 10.63 percent. Huobi has launched its new “Learn&Earn” series. HT is a decentralized entity based on the Ethereum network and is ERC-20 compliant. The value of HT is partially dependent on the reputation of the Huobi crypto exchange.
Tokens tied to other decentralized platforms also rose
Another top coin is Curve’s Curve DAO Token, which offers a decentralized platform for stablecoins that uses an automated market maker (AMM) to manage liquidity. CRV has seen a 10.51 percent increase in value at the time of writing. The total value (TVL) in the Curve ecosystem has surpassed $17.6 billion in crypto assets.
Third, the FTM token of smart contract platform Fantom, which provides a series of DeFi services to developers using its own consensus algorithm, rose 10.27 percent. The Fantom team will hold the Fantom Developer Conference on October 25, and the official exchange partner of this conference will be Binance. On the other hand, the number of transactions on the network has exceeded 100 million.
Most recently, the ONE token of Harmony, a network created to facilitate the creation and use of dApps, rose 8.5 percent. Recently, the cryptocurrency exchange Crypto. com opened trading pair ONE/USDC.