Bitcoin (BTC), which has been on the rise on the first day of the week, rose 3. 2 percent and recently exceeded the $ 63,000 level for a short time. It moves pretty close to that level at the time of writing, too. The overall cryptocurrency market seems to be trading on the green board due to Bitcoin’s bullish momentum and variety. Its total market capitalization has exceeded $2.7 trillion. However, 5 altcoins came to the fore with the most rise in one day.
The most rising altcoin was THORChain (RUNE)
As we reported , in the middle of the year, THORChain suffered a hack attack that resulted in the withdrawal of $ 8 million from its reserves, and these consecutive attacks dealt a heavy blow to the RUNE price. This week, the protocol announced that it will reopen the Ethereum pool along with other altcoin and BTC-based pools, and the announcement appears to have had a positive impact on the RUNE price. RUNE has experienced a 17.88 percent increase at the time of writing. It is also worth noting that a large number of new projects will be launched soon in the THORChain network.
Second, the GRT token of The Graph, an indexing protocol for querying data for networks such as Ethereum and IPFS, which powers many applications in both DeFi and the broader Web3 ecosystem, gained 12.43 percent. Protocol recently partnered with Moonriver. In addition, according to the data, the number of investors increased.
KCS, FTM and NEAR also rose
In third place is KuCoin Token of KuCoin, one of the popular cryptocurrency exchanges. KCS was up 10.89 percent. The rise or fall of the tokens of exchanges can vary depending on the activity on the exchange in question. In fourth place is the token of the smart contract platform Fantom. FTM posted an increase of 10.82 percent. Phantom is a network that comes to the fore with many partnerships. Among them are platforms such as Kyber Network, TUSD, PaintSwap, Dextools. Fantom’s Developer Conference, with which Binance is the official exchange partner, starts today and will last until October 29.
Finally, the NEAR token of Near Protocol, a decentralized application platform designed to make applications available on the web, has gained 10.22 percent in value. The protocol will hold a conference called NearCon on October 26-27, and it is stated that many new, big announcements will take place during this time.