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According to a report by Coinmarketcap, major altcoins have seen double-digit gains in daily crypto trading. Altcoins are alternative cryptocurrencies to Bitcoin, and they have been gaining popularity in recent years. Some of the major altcoins that have seen double-digit gains in daily trading include:
IoTeX: IoTeX has seen a 16.5% increase in value over the past 24 hours.
NEAR Protocol: NEAR Protocol has registered a 15.5% increase in value over the past 24 hours.
Solana (SOL): Solana has registered a 14.5% increase in value over the past 24 hours.
XRP: XRP has seen significant daily gains, up by over 2% at press time.
Neo (NEO): Neo has seen a 10.5% increase in value over the past 24 hours.
In a thrilling 24-hour period, the cryptocurrency market has witnessed an impressive surge in the values of five major altcoins, signaling renewed interest and excitement among investors. IoTeX, NEAR Protocol, Solana (SOL), XRP, and Neo (NEO) have each demonstrated remarkable double-digit gains, showcasing the dynamic nature of the crypto space.
IoTeX, a blockchain platform designed for the Internet of Things (IoT), has experienced a substantial 16.5% increase in its value over the past 24 hours. This surge reflects growing confidence in IoTeX's unique approach to combining blockchain technology with the vast potential of the IoT. The platform's commitment to privacy and scalability has resonated well with investors, contributing to its notable gain.
NEAR Protocol, with its focus on scalability and user-friendly blockchain applications, has registered an impressive 15.5% increase in value in the last 24 hours. The project's commitment to providing developers with tools for easy decentralized application (DApp) development has positioned NEAR Protocol as a strong contender in the blockchain space. This surge underscores the market's appreciation for platforms prioritizing scalability without compromising user experience.
Solana, known for its high-performance blockchain and low transaction fees, has witnessed a noteworthy 14.5% increase in value over the past day. The platform's ability to deliver fast and cost-effective transactions has made it a preferred choice for decentralized applications and DeFi projects. Solana's recent surge reflects the market's acknowledgment of its robust infrastructure and growing crypto market.
XRP, the native cryptocurrency of Ripple, has experienced significant daily gains, boasting an increase of over 10.2% at press time. Ripple's focus on facilitating swift and cost-effective cross-border payments has positioned XRP as a key player in the digital payments sector. The recent surge in XRP's value suggests renewed investor optimism as regulatory uncertainties surrounding Ripple's legal battles begin to clear.
Neo, often referred to as the "Ethereum of China," has seen a commendable 10.5% increase in its value over the past 24 hours. Neo's vision of a smart economy, coupled with its emphasis on digital assets, smart contracts, and decentralized finance, has resonated with investors seeking innovative blockchain solutions. The recent surge in Neo's value reflects a growing interest in projects that redefine digital asset management.
It is important to note that investing in major cryptocurrencies can be risky, but it can also be very rewarding. If you are interested in investing in cryptocurrencies, it is important to do your research and understand the risks involved. You should also consider working with a financial advisor who can help you make informed decisions about your investments.
