- AVAX is rising in value as the DeFi ecosystem on Avalanche reaches new highs.
- Enjin (ENJ) is a blockchain-based gaming technology.
The cryptocurrency market has had a wild ride this week, with Bitcoin (BTC) hitting lows not seen since mid-October. The Altseason suggests that current market circumstances are comparable to those witnessed in the past when altcoins outperformed Bitcoin. Let us take a look at a few altcoins that have constantly been making gains.
Avalanche (AVAX) is a layer-one blockchain technology that gained traction in 2021 owing to its non-fungible token (NFT) and decentralized finance (DeFi) ecosystems. AVAX is rising in value as the DeFi ecosystem on Avalanche reaches new highs, and Binance US revealed intentions to list the token this week.
According to CoinMarketCap, the Avalanche price today is $118.04 USD with a 24-hour trading volume of $1,712,371,246 USD. Avalanche is up 8.01% in the last 24 hours.
Enjin (ENJ) is a blockchain-based gaming technology that employs non-fungible tokens. ENJ price has risen 213.5 percent from a low of $1.19 on Sept. 29 to a daily high of $3.74 on Nov. 19. Through a public financing auction for its cross-chain metaverse project Efinity, the Enjin ecosystem strives to become a Polkadot parachain.
Elrond is a blockchain protocol that employs sharding to execute 15,000 transactions per second (TPS) at an average cost of $0.001. To encourage users and liquidity to its DeFi ecosystem, the protocol’s Major decentralized exchange (DEX) formally debuted with a $1.29 billion liquidity incentive campaign.
According to CoinMarketCap, the Elrond (EGLD) price today is $347.98 USD with a 24-hour trading volume of $499,315,091 USD. Elrond is down 2.06% in the last 24 hours. The total cryptocurrency market worth is currently $2.59 trillion, with Bitcoin dominating at 42.2%.
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