BTC, which fell below $40,000 yesterday, its lowest level since August, seems to have started to recover today, especially after the Fed meeting. The largest cryptocurrency by market cap is close to $45,000 at the time of writing. This has also affected many altcoin prices, with many of the top 100 by market cap gaining momentum at the time of writing. Cryptocoin. com

As , we examine the 7 altcoins that gained the most value in a day…

The highest rise was Arweave (AR)

Arweave is powered by Coinbase Ventures, part of Coinbase Global. Arweave is a Blockchain that ensures files are protected on a decentralized network where they are freely accessible and virtually uncensored. The AR token is up 28.9 percent at the time of writing. Second, the LUNA token of Terra, the stablecoin-focused blockchain, rose 24.8%.

Cosmos, on the other hand, has continued to rise since the weekend. The ATOM token gained 23.07 percent. In late August, trading between the Cosmos and Ethereum networks was enabled through integration with SifChain, the decentralized exchange built on the Cosmos Blockchain, and the inter-blockchain communication protocol (IBC).

Avalanche’s AVAX token, on the other hand, gained 24.8 percent. While the Avalanche market has been down recently, AVAX/USD hit a record high, days after raising $230 million in an AVAX sales round led by Polychain and Three Arrows Capital. At the time of writing, it is changing hands at $78.53. Avalanche’s funding is believed to have come as a result of their development to counter the ongoing network issues of its top rival, Ethereum, including bandwidth congestion and a series of higher transaction fees.

The other 3 most valuable altcoins: AXS, IOST and XTZ

The AXS token of Axie Infinity, a blockchain-based, play-to-win trading and war game where users collect, breed, upgrade and battle in-game token-based creatures known as Axies, is also among the strong rises in the last 24 hours. AXS rose 17.4 percent. The price increase for AXS came after its listing on Bitfinex.

In addition to the coins we mentioned above, the decentralized blockchain network and ecosystem IOST (IOST) rose 16.16 percent. On the other hand, the XTZ token of Tezos, a blockchain network based on smart contracts, gained 15.13 percent.

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Michael Lewis


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