Cryptocoin. com, the crypto money market turned red for a significant part of the last week. However, there was a movement over the weekend, and while some of the cryptocurrencies recovered, some altcoin projects broke new records. Six altcoins among the top 100 cryptocurrencies in terms of market capitalization have climbed to new heights under the leadership of Avalanche (AVAX), equaling the previous all-time high (ATH). We took a look at these projects for our readers.
Avalanche (AVAX)
We can say that this week has been quite productive for AVAX, which is in the 11th place in the crypto league. Rising almost continuously throughout the week, AVAX peaked at $146.22 today and reached a market cap of $30 billion. The AVAX price has been fluctuating since Ava Labs CEO Emin Gün Sirer announced on November 16 that he has partnered with the “Big Four” accounting firm Deloitte. Earlier this November, Avalanche backers also launched a new fund called Blizzard, raising an impressive $220 million in seed investment from contributors like Three Arrows Capital, Dragonfly Capital and CMS Holdings.
Gala (GALA)
While the metaverse coin has been gaining popularity in the crypto world lately, the game-focused altcoin project GALA has also maintained its upward movement throughout the week. Coinbase added Gala (GALA) to its professional trading platform earlier last week, followed by support for the altcoin on its retail trading platform on Wednesday. GALA, which was traded at $0.09 on November 14, reached a record high of $0.4852.
Elrond (EGLD)
Another record-breaking altcoin project was Elrond (EGLD). The $1.3 billion incentive program announced by Elrond, a highly scalable, fast and secure blockchain platform for distributed applications, enterprise use cases and the new internet economy, has had a significant impact on the price of EGLD. In this way, Elrond left behind its previous peak and reached its new peak of $444.42.
Crypto. com Coin (CRO)
Crypto. com is a cryptocurrency exchange that supports trading, investing, staking, wallets, NFTs and more. This exchange, Crypto. It offers more than 150 different currencies, reasonable fees and discounts for those with a significant stake in com Coin. Crypto from major cryptocurrency exchanges. com’s token CRO also managed to attract attention with its performance of the week. CRO, Crypto. com bought the naming rights of the world-famous Staples Center for $700 million, reaching its new ATH of $0.7689 today.
Oasis Network (ROSE)
The Oasis Foundation’s announcement of the $160 million “Oasis Ecosystem Fund” on November 17 played an important role in the rise of the Oasis Network (ROSE), a decentralized finance (DeFi) project launched in 2020. The altcoin price climbed from $0.21 earlier this week to a high of $0.4638.
Immutable X (IMX)
Immutable X, developed in partnership with StarkWare, is Ethereum’s first zero-knowledge rollup (zk-rollup) scaling protocol for gas-free NFT printing and trading. Immutable X (IMX), a project focused on NFT and games, equaled its previous record and climbed to its new peak with the big move that came over the weekend. The shift of some popular games to Immutable was effective in the acceleration of the altcoin.