Bitcoin (BTC) has fallen by 1 percent in the last 24 hours, pulling below $ 45,000. Ethereum is down 1.5 percent to 3.261, while Dogecoin (DOGE) is trading at $0.23 with a loss of 0.8 percent. So, which altcoin projects have been on the rise during this time? Cryptocoin. com we are reviewing…
While DOGE, ETH and BTC fell, the tokens of layer-2 protocols rose the most
Layer-2 blockchain protocols in general have grown tremendously over the past few months. Tokens associated with related networks also showed serious performances in 2021. These include leading networks Tezos (XTZ), Polkadot (DOT) and Cosmos (ATOM); 3 altcoins that have risen the most in the last 24 hours. XTZ recorded a growth of 15.79 percent. With Doja Cat launching NFT on the network, Tezos processed 600,000 transactions in 24 hours and the network gained momentum.
Polkadot (DOT) gained 12.42 percent, while Cosmos (ATOM) rose 10.11 percent. Polkadot recently presented a Hackathon event and Polkadot 1.0 is expected to be released soon. For Cosmos, a $150 million fund was offered by Terraform Labs, Desmos Network launched its mainnet through Cosmos.
TRX, EGLD, ALGO: Other coins that gain value
The TRX of the TRON network, which aims to make the blockchain suitable for daily use, showed an increase of 9.31 percent. Tron stands out with the number of transactions it performs per second. TRX will be listed on the Japanese arm of cryptocurrency exchange Huobi. Also popular exchange Gate. io has joined the Tron ecosystem.
The EGLD token of Elrond, another network focused on fast transactions using Sharg technology, gained 7.98 percent. With EGLD’s price breaking a record $294.92, its market cap also surpassed $5 billion for the first time. At the time of writing, it appears to have been pulled back to $272.72.
Finally, Algorand’s ALGO token, the self-sustaining, decentralized network that supports a wide variety of applications, rose 6.66 percent. Algorand is another ecosystem that has recently launched an incentive initiative. Algorand has launched a $300 million Viridis DeFi fund, aimed at maximizing the growth of the DeFi ecosystem.