In Brief:
- In the last 24 Hours, three Altcoins created their all-time high values
- Axie Infinity(AXS), Terra (LUNA), and Tezos (XTZ) have created ATH, respectively at $144.81, $45.29, and $8.34.
- The surge has been seen after the sharp hike in Bitcoin (BTC) value
The last few hours have been proven Golden hours for Altcoins, where three Famous Altcoins hit their all time high values(ATH). Axie Infinity(AXS), Terra (LUNA), and Tezos (XTZ) have marked the top price respectively at $144.81, $45.29, and $8.34.
This surge in the Altcoins market has been seen the day after the Bitcoin price surge to $49,000. In the last month, the Bitcoin market value was suffering a rollercoaster momentum due to regulatory scrutinies such as China’s Crackdown and value was revolving between $42,000 to $43,000. But with the beginning of this month, BTC has been taking an upturn and reached $48,000 bar.
The surge in the BTC value has been a proven boon for the Altcoins as many have reached up to new heights. With the hike in AXS, LUNA, and Tezos, other Altcoins have also climbed up, including Shiba Inu (SHIB) and Curve (CRV) with 13%.
Recently, Axie Infinity has announced their staking program for NFTs on their Ethereum based Play-to-Earn gaming platform, where the community planned Airdrop of the 2 million AXS tokens.
Tezos is a self-amending layer-2 proof-of-stake blockchain that can upgrade itself through an in-protocol amendment process that requires a hard fork. In October, Tezos received 5.8 million smart contract calls in comparison to September’s 3.2 smart contract calls. Which could be one of the factors for the 3.1% hike.
Last month, Terra blockchain made an announcement for the new upgrade “Columbus-5” on the mainnet to enhance the performance of the blockchain. It seems like an upgrade in Terra blockchain will lead to new heights for LUNA.
Recently, Not just Altcoins but non-fungible tokens are also seeing a huge rise in their value.
