What is the Latest Situation in Altcoins? Will It Benefit Altcoins If Bitcoin (BTC) Doesn’t Rise?

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We’ve been hearing about why altcoins are falling when Bitcoin (BTC) has been rising for several weeks. Finally, while the price was consolidating, a significant part of the altcoins began their upward movement. Solana (LEFT), Ethereum (ETH), Polkadot and many altcoins have refreshed ATH. So what is the latest situation, will the rises continue?

The Most Rising Crypto Coins of the Day

XYO Network (XYO), Crypto.com The Coin (CRO) and Wrapped NXM Altcoins such as (WNXM) became the star of the day. Bitcoin (BTC) and Ethereum (ETH) despite testing important support zones, we are witnessing serious rises in altcoins.

The XYO network provides oracle services to decentralized applications by anonymously collecting and verifying data on the blockchain. XYO he has started to receive more attention in recent days and has also attracted attention with his social media activity. It was estimated that the price was preparing for such an increase. The price has increased by more than 100% in a matter of days.

The rise in the price of XYO, tokenin Crypto.com it came with the listing on its application and the launch of a liquidity mining pool at Gate, where depositors can get a 543.22% return on their investments.

Crypto.com Coin (CRO) and Wrapped NXM (WNXM)

CRO, Crypto.com it is the local token of its ecosystem. Users can CRO stake through the application to win prizes and Crypto.com Pay mobile can use it to make daily purchases through the payment application. Sending bullish signals since the beginning of November Crypto.com Coin (CRO) has made close to 76% pricing in two days.

Coinbase his listing and his deal with Twitch Rivals have strengthened this movement.

WNXM, Is the wrapped version of the NXM governance token for the Nexus Mutual protocol. Nexus Mutual, on the Ethereum network, on the local NXM it is a decentralized insurance protocol that offers users the ability to protect smart contracts using a token. Premia Finance (PREMIA) for the project Nexus V2the announcement to launch supported the price rise.

Cryptocurrency markets have reached a value of $ 2.7 trillion and Bitcoin (BTC) its dominance is at 42.6%. The fact that BTC dominance has fallen by around 4% in the last week triggers the transition to altcoins. In other words, the price consolidation above $60,000 has had a positive effect on the altcoin sunday. Binance Coin (BNB) he recorded as much as 0.4% of this loss in his own household. If BTC if it can maintain the 60.000 dollar zone without experiencing sudden declines for a while longer, we can expect the hot money to travel through different altcoins and trigger rises of close to 100%.

Disclaimer Of Liability: The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.
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