The other day, Bitcoin price dropped below $40,000 for the first time in six weeks. The decline coincided with the close of the 21st of September. The BTC price was trading at $47,300 at the start of the day, down 16 percent to approach the local low of $39,650. However, BTC has rallied and is changing hands at $42,655 at the time of writing. Following BTC, Ethereum also fell and fell to the level of $ 2,900. XRP has dropped below $1. Meanwhile, 3 altcoins in the top 100 by market capitalization experienced significant increases.
While Bitcoin and others were falling, these 3 altcoins came to the fore: The first is XDC
The highest rising altcoin in the last 24 hours was XinFin Network’s XDC token. With many developments on the network, XDC has increased by 13.28 percent and is trading at $0.11. XinFin Network is a protocol gaining traction on the enterprise adoption front; It is an enterprise-ready hybrid Blockchain solution specifically designed to optimize international trade and finance. XinFin, in the past weeks; added to the global Trade Finance Distribution (TFD) Initiative. It also launched its decentralized email solution, LedgerMail. LedgerMail is the world’s first decentralized email solution.
As well as Shopping, an e-commerce project that allows users to pay with cryptocurrencies for items on Amazon, eBay, Walmart and Etsy. Integration with io. XDC has also partnered with Hapi, an on-chain cybersecurity protocol for decentralized finance (DeFi) products that helps improve security and prevent hacking attempts. It also integrated with Unmarshal, becoming the first company to use DASL’s crypto bridge.
Elrond (EGLD) price also gained momentum
Second, Elrond’s EGLD token was up 9.53 percent, using an adaptive sharg mechanism that shreds blocks to increase speed. It seems that the developers using Elrond’s technology have increased. For example, Tatum recently integrated into Elrond’s network. Tatum is a scalable platform that allows any developer to build decentralized technologies without any knowledge specific to Blockchain.
Elrond has also partnered with MyContainer, Alchemy Pay, Copper and Blockbank. In particular, Elrond’s EGLD has been made available on KuCoin, one of the world’s largest cryptocurrency exchanges. Additionally, the launch of DeFi capabilities following the launch of the Maiar exchange also contributed to the rally.
Avalanche (AVAX), the last coin to gain the most value
Finally, Avalanche (AVAX) rallied as the crypto market recovered from a major downside move in the previous session. Additionally, the token seems to have received support from Avalanche’s upcoming major update. Dubbed Apricot, the update marks Avalanche entering its fourth phase (AP4) and proposes to reduce MEV (miner’s extractable value) and contention. AP4 also claims to bring more C-Chain fee reductions and block-based fees to the platform.