Bitcoin fell, but these altcoins did not collapse: They are at the top!
The news flow that the Fed will cut interest rates by 0.5 percent in September was a lifesaver for the cryptocurrency market. The US stock market made a positive start the day before. Although all these developments increased altcoins by almost 5 percent, a new decline occurred.
#Blur (BLUR), a crypto initiative that provides staking transactions and crypto lending services through NFTs, rose by 11.6 percent in the last 24 hours. BLUR, which is on the Ethereum blockchain, was the highest-rising altcoin of the day.
According to CoinGecko data, BLUR recorded a trading volume of $ 61 million in the last 24 hours and reached a market value of $ 302 million.
Curve (CRV), one of the popular decentralized finance (
#DeFi ) projects of the Ethereum blockchain, rose by 9.7 percent in the last 24 hours. CRV, which focuses on increasing stablecoin liquidity and attracts great attention with its staking system, made its mark on the day.
#CRV , which recorded a transaction volume of $213 million in the last 24 hours, reached a market value of $347 million.
Starknet (STRK), one of the Ethereum scaling projects, came to the forefront of the day by increasing by 9.7 percent in the last 24 hours. The Layer-2 initiative achieved significant growth in the last 24 hours.
#STRK , which has a market value of $715 million, realized a transaction volume of $195 million in the last 24 hours.
The decentralized exchange 1inch (1INCH) on the Ethereum blockchain showed a 9.3 percent increase in the last 24 hours. 1inch, which was overshadowed by Uniswap, was one of the five altcoins that made its mark on the day
1inch recorded a transaction volume of $195 million in the last 24 hours and reached a market value of $333 million.
Injective (INJ), built on the Cosmos Software Development Kit (Cosmos SDK), rose by 8.6 percent in the last 24 hours. Decentralized trading platform
#INJ was at the top of the day.
Reaching a market value of $1.68 billion, INJ recorded a trading volume of $130 million in the last 24 hours