Bitcoin price declined to lows of $60,090 on Nov. 3 as traders reacted to the U.S. Federal Reserve’s plans to taper its $120-billion-a-month bond purchases. Ethereum price also marked fresh all-time highs at $4,670 before declining to where it trades presently. While bitcoin price presently dabbles support around the $61,400 mark, selected altcoin tokens have notched double to triple-digit gains.
At the time of writing, Amp (AMP, +18.36%), Holo (HOT, +15.88%), Ravencoin (RVN, +16.40%),
IoTeX (IOTX, +92.20%), Telcoin (TEL, +20.05%), Velas (VLX, +72.71%), Badger Dao (BADGER, +25.27%), Ultra (UOS, +32.84%), Alchemy Pay (ACH, +34.97%), MobileCoin (MOB, +31.68%), BinaryX (BNX, +45.94%), Smooth love Potion (SLP, +28.20%), Atari token (ATRI, +44.32%), Sologenic (SOLO, +73.10%), SUKU (SUKU, +51.94%) were significantly up in the last 24 hours.
In merging traditional finance with blockchain, the Sologenic ecosystem aims to make it effortless for crypto investors to exchange assets and invest in different conventional financial instruments. The upcoming SOLO Airdrop for XRP and SOLO communities by unlocking 200M SOLO is an event on the radar for both holders.
Alchemy Pay (ACH) has ticked higher since Oct. 28 as the network celebrates its growth within the payment sector. Presently, the Alchemy Pay ecosystem boasts of more than 150 core nodes, including banks, merchant networks, DeFi protocols, exchanges, remittance partners, and others. Alchemy Pay’s business scope also covers more than 200 payment channels in over 60 countries and regions around the world.
IoTeX (IOTX), a platform focused on the decentralized internet of things, remains one of the top gainers in the last 24-hours. Data from TradingView shows that the price of IOTX rallied nearly 175% from a low of $0.067 on Nov. 2 to reach all-time highs of $0.186 on Nov. 4. IoTeX subsequently made it into the top 100 crypto assets by market capitalization, ranking 90th at the time of writing.
The recent rise coincides with the news of its latest partnership with Travala that will allow customers to pay for flights, hotels, and other travel accommodations using IoTeX.
Velas, an AI-powered Delegated Proof-of-Stake blockchain and wide-scale ecosystem of decentralized products rose to all-time highs of $0.544 today. Velas has surged nearly 240% since the start of November, marking each day in the green. Velas’ first DEX was recently launched, with 40 more projects incoming.
BNX is Cyber Dragon’s governance token, Cyber Dragon is a Play to Earn Game based on Binance Smart Chain powered by the BinaryX team. BinaryX (BNX) surged to fresh all-time highs of $243 on Nov. 4 following the news of its Binance Listing: ”Binance will list BinaryX (BNX) in the Innovation Zone and will open trading for BNX/BNB, BNX/BTC, BNX/BUSD, and BNX/USDT trading pairs at 2021-11-04 11:00 (UTC). Users can now start depositing BNX in preparation for trading. Withdrawals for BNX will open at 2021-11-05 11:00 (UTC)”.
The average fee on Ethereum has risen a great deal since late June. This seems to be driving investors to coins associated with layer 2 products that facilitate faster and cheaper transactions. This allowed Solana’s SOL token to mark all-time highs at $247, to pass Cardano’s ADA while presently ranking the fourth-largest cryptocurrency, according to Coinmarket cap.
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