After a heat wave that raged in Europe, the crypto market was also able to warm up a bit in one place or another. Despite the bad news from the USA a few days ago, Bitcoin (BTC) continued to trade behind a green sign and was able to break through the 24,000 US dollar mark at times.
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In the meantime, however, the crypto market seems to be moving back into a sideways phase: At the time of writing, the number 1 cryptocurrency lost 1.4 percent on a daily basis and is currently trading at around 23,350 US dollars.
A similar picture emerges for DeFi top dog Ethereum (ETH). In the last 24 hours, the ether price has lost almost 0.3 percent and is currently trading at around 1,689 US dollars.
For some altcoins, however, a slightly different picture emerges. These are the top three altcoins of the day.
Filecoin (FIL): Gold for decentralized storage
At the time of writing, Filecoin (FIL) is trading at $9.98. The altcoin, which boasts of being a decentralized storage medium for data, was able to gain more than 20 percent in a daily comparison. The trading volume of the altcoin has also skyrocketed by almost 40 percent.
Despite the green mood, Filecoin is still a long way from its all-time high. In April last year, the price of the cryptocurrency reached around $237.
Polkadot (DOT): Silver for blockchain interoperability
Polkadot (DOT) takes second place among the top altcoins of the day. With a price increase of more than 5 percent within the last 24 hours, the token is trading at 8.66 US dollars. The cryptocurrency of the project, which aims to enable the seamless exchange of blockchains with each other through so-called parachains, was able to increase by more than 15 percent on a weekly basis – even more than 25 percent on a monthly basis.
In the March issue of BTC-ECHO Magazine, we explained in detail how Polkadot is building the internet of the future and what that means for the crypto space.
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Chain (XCN): Bronze for Web 3.0 infrastructure
Chain (XCN) was the last to make it onto the altcoin podium. The token of the project, which is committed to the infrastructure for Web 3.0 and Smart Contracts, was able to record a price increase of at least 2 percent within the past 24 hours.
With that, XCN is trading at around $0.09268 at the time of writing. The altcoin is almost 50 percent away from its all-time high, which XCN reached at the end of May this year at $0.1841.
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