Illuvium, LCX and Tokemak hit new highs as Bitcoin dominance lingers

Lets look better at the motivations behind rallies in LCX, Illuvium and Tokemak.

Messari data shows that 31 tokens set brand-new records in the last 24 hours which the total cryptocurrency market capital increased overnight from $2.619 trillion to $2.732 trillion.

The top 13 tokens have actually reached a brand-new record. Source: Messari

Altcoins can acquire gains during booming market when Bitcoin prices consolidate and they also run in tandem with BTC costs during breakouts. Multiple altcoins experienced a parabolic relocation at the exact same moment that BTC struck $64,000 and Ether (ETH), reached a new record high of $4,500.

New exchange listings use LCX many benefits

This sudden increase in trading volume and price comes simply days after LCX token was noted at Coinbase Pro and the Singapore-based Bitrue Exchange.

According to CoinGecko data, the price of LCX increased 250% considering that Oct. 17 when it struck a low at $0.125. It reached a high of $0.44 on Nov. 2. The 24-hour trading volume jumped 257% to $18.3 million on Nov. 2.

LXC/USD 2-hour chart. Source: CoinGecko

LCX is Liechtenstein Cryptoassets Exchanges native token. It was founded in 2018. Presently, the exchange is in possession of at least 8 cryptocurrency-related registrations by the Financial Market Authority Liechtenstein and this permits the platform to lawfully use exchange services and security token offerings (STO).

Sneak peek of Illuvium gameplay sends out ILV rate greater

TradingView data shows that ILV rates have actually increased 171% since reaching a low point of $452.9 in Sept. 29. The ILV price has now reached $1,231 on November 2. This record was established by its 24-hour trading volume which jumped 122% from $105 million to $11,231 on Nov. 2.

Illuvium, an open-world fantasy video game, is built on Ethereum newtork. It intends to be the very first AAA-rated blockchain video game that incorporates components of decentralized financing and nonfungible tokens.

Chart for ILV/USD 4 hours Source: TradingView

ILVs momentum is growing after the release of raw video revealing the platforms gameplay. This enabled interested players to get a taste of Illuviums ecosystem.

Related: Decentraland, Axie Infinity and Metaverse rally in cryptos after Facebook rebrands as Meta

Tokemak integrates Token Reactors

Tokemak, a procedure for market-making and liquidity decentralization that supports “effective and sustainable liquidity” in the DeFi ecosystem, is called.

According to CoinGecko information, the rate of LCX rose 250% given that Oct. 17 when it hit a low at $0.125. TradingView information shows that ILV costs have risen 171% given that reaching a low point of $452.9 in Sept. 29. The ILV cost has actually now reached $1,231 on November 2. This is a steady increase in TOKEs cost. Tokemaks recent rollout of token reactors permits users to stake tokens from other procedures like Alchemix (ALCXX) or Olympus( OHM) in order to make TOKE benefits.

According to data from Defi Lama, the Tokemak platforms overall worth reached $767.9 Million. This is a stable rise in TOKEs rate. Tokemaks recent rollout of token reactors allows users to stake tokens from other procedures like Alchemix (ALCXX) or Olympus( OHM) in order to earn TOKE rewards.

com. You need to do your research study before making any investment or trading choice.
Read More

According to CoinGecko data, the TOKE rate has increased by 145.65% considering that Sept. 21st when it was trading at $29.98. It reached a record high of $73.27 on Nov. 2, as its 24-hour trading activity remained stable at $8 million.

Chart for TOKE/USD 2 hours. Source: CoinGecko

The total cryptocurrency market is now worth $2.732 trillion, and Bitcoins supremacy rate at 43.8%.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami