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.
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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%.