Bitcoin price climbed higher to $57,700 on Mar. 11th while the Altcoin market continued its profit-taking.
Surprisingly, some Altcoins are performing incredibly well despite the market retreat. For instance, THETA is up 27% over the last 24 hours while Theta Fuel, the ‘gas’ token of the protocol is up a whopping 93.43%. Hedera Hashgraph went ballistic while Chiliz is also up by 28.89%.
Chromia (CHR), the relational blockchain platform and 8th largest NFTs related token up at 50.29% in the last 24 hours and 493.94% weekly.
IOTA (MIOTA)
In a March 11th official blogpost, IOTA announced the release of a new version of its Pollen Testnet v0.5.0. Earlier this year, IOTA launched its oracles to bring off-chain data to smart contracts on its network. To ensure data trustworthiness, IOTA and Dell Technologies partnered on a demo project called Alvarium.
In a bid to also expand its offering, IOTA partnered with the South Korean observer foundation and Tanglehub to apply for smart city projects in Asia and Europe in 2021. IOTA presently trades at $1.48, up by 10.44% in the last 24 hours and 15.07% on a 7-day basis.
Chiliz (CHZ)
NFTs related token, Chiliz (CHZ) has been on a tear since the beginning of March. It all started in late 2020 when blockchain sports venture Chiliz (CHZ) announced a partnership with Binance and since then Chiliz has listed ACM fan tokens for popular soccer club AC Milan. The listing generated $6 million in revenue quickly and Chiliz recently announced that it had partnered with 23 sporting and esports organizations to launch more fan tokens.
CHZ/USD Daily ChartChiliz has also announced plans to expand its operations in the United States. On Mar. 11, CHZ surged from an intraday low at $0.257 to highs of $0.4096, gaining 28.89% over 24 hours and 168.24% on a 7-day basis.
Hedera Hashgraph (HBAR)
Billed as the “trust layer of the internet,” Hedera Hashgraph is a public network that allows individuals and businesses to create powerful decentralized applications (DApps). Hedera Hashgraph (HBAR) has been in an uptrend since the beginning of March. The token has rallied to $0.2966 today, a gain of almost 30% in the last 24 hours.
Recently, SUKU, the blockchain-powered supply-chain service ecosystem migrated from Ethereum to Hedera Hashgraph due to soaring gas fees on the ETH network. Enterprise-level adoptions are pushing HBAR higher. Several large companies such as eftpos, an Australian payments company, Standard Bank Group, and Électricité de France S.A. (EDF) have joined the Hedera Governing Council.
Hedera also opened its doors to the lucrative world of NFTs through its Hedera Token Service.
THETA (THETA) and Theta Fuel (TFUEL)
THETA’s network hard fork on March 10 alluded to the recent rise of THETA and TFUEL. Asides from this, the lucrative world of NFTs and DeFi is set to bring in new participants which have the potential to lead to further upside for THETA and TFUEL.
After the launch of Theta 3.0 on April 21, token holders will be to stake TFUEL as another way to earn passive income and help secure the network. The upgrade will also introduce a new burning mechanism that is essentially a “network fee” for using the Theta edge. This could eventually lead to a decreased supply of TFUEL and an increase in its price.
Now ranking 14th largest, THETA presently trades at $7.54, up by 77.22% weekly. Theta Fuel (TFUEL) is trading at $0.3961, up by 189.51% weekly.
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