With the continued growth of Bitcoin (BTC), the cryptocurrency landscape is experiencing a renaissance. A wave of euphoria about possible developments in the Bitcoin ETF space sent prices of the cryptocurrency skyrocketing on Monday, briefly surpassing the $35,000 mark.
For the first time since May 2022, Bitcoin broke beyond this major barrier, demonstrating a huge rise over the last day.
Data from TradingView indicates that the price of Bitcoin began to rise on October 23, rising more than 10% from $31,000 to cross the $34,000 barrier. Within a few hours, the price of Bitcoin kept rising, peaking at $35,300. The current price of Bitcoin is $34,448 as of this writing.
Altcoins on the Rise as Bitcoin Hits $35K – Top Performers,Altcoins on the Rise as Bitcoin Hits $35K – Top Performers
It is noteworthy, though, that a few well-known altcoins have risen in tandem with Bitcoin’s meteoric rise, drawing interest from both fans and investors in cryptocurrencies. Here, we highlight a few noteworthy cryptocurrencies.
Mina is a proof-of-stake blockchain that achieves a very tiny size by using zero-knowledge (ZK) cryptography. With the use of sophisticated mathematics, this novel data compression method validates transactions with the least amount of metadata possible.
As of this writing, Mina is trading at $0.841, having increased by an incredible 102% in the previous day.
The Unifi Protocol, a framework for developing cross-chain decentralised financial (DeFi) apps, is powered by the Ethereum token UNFI. In order to get incentives, holders of UNFI tokens have the ability to suggest and cast votes on protocol updates.
Using a decentralised autonomous organisation (DAO) as its foundation, this decentralised finance strategy aims to bring cutting-edge technology to the financial industry. UNFI’s price has risen by an astounding 37% in the last day, to $8.72 in trade.
A decentralised ecosystem built on a blockchain, Bluezelle (BLZ) is intended to provide scalable data services. Its main goal is to offer the technological know-how and instruments required for effective data management and storage.
Bluezelle, which focuses on blockchain-based databases, has increased 30% in the last day and is now trading at $0.2474.
One well-known meme coin that uses the Ethereum blockchain is called PEPE Coin ($PEPEPE). Its April 2023 public launch saw it rise to prominence as one of the most traded cryptocurrencies, hitting notable benchmarks in a short period of time.
PEPE is now trading at $0.00000098, up 34.25% in value in the last day.
A blockchain designed specifically for the financial sector is called Injective. It facilitates next-generation decentralised financial (DeFi) applications, such as decentralised exchanges, lending protocols, and prediction markets, by acting as an open, interoperable layer-one blockchain.
For DeFi applications, Injective provides financial infrastructure primitives including a completely decentralised on-chain orderbook that is resistant to miner extractable value (MEV).
Altcoins on the Rise as Bitcoin Hits $35K – Top Performers,Altcoins on the Rise as Bitcoin Hits $35K – Top Performers,Altcoins on the Rise as Bitcoin Hits $35K – Top Performers, Altcoins Crypto news, Altcoins News