Interesting altcoins to keep an eye on, some of which have recently undergone developments and others that are soon to do so.
If you've been holding any Altcoin since the beginning of the year, you've most likely reaped some benefits from taking profits on your 10x or even 100x gains (assuming you're not hodling!). Altcoins are other coins that are not bitcoin. The word is a combination of two words, 'alternative' and 'coin.'
Major Signals
- Terra (LUNA) gained by over 40% to reach a new high at $20.60.
- Basic Attention Token (BAT) increased by more than 30% to attain a new high at $1.18.
- Cardano was trading at $1.07 before soaring by nearly 20% to a daily high of $1.26.
- Polkadot announced plans to build decentralized and trustless bridges to improve network interoperability.
On Tuesday, many altcoins had incredible price rallies to collaboration announcements and exchange listings, which have proven to be influential price movers.
Terra
Terra (LUNA) was one of the major gainers. It jumped by more than 40% overnight, rising from $14.60 on March 15 to a new all-time high of $20.60, and reached $1.4 billion in trading volume.
Basic Attention Token
Basic Attention Token (BAT), the native token of the Brave Browser, has also risen, owing to several developments, including the purchase of a search engine provider and plans to add NFT features and a DEX aggregator.
Brave announced the introduction of its search engine earlier this month. Both smartphone and desktop users will be able to access the search engine. The BAT token controls Brave's entire ecosystem, including the Brave browser. BAT's utility has improved dramatically as a result of all these developments. This recent increase saw the token rally over 30% to reach a new all-time peak of $1.18.
Cardano
Another exciting development is from Cardano (ADA). Coinbase Pro, a US-based exchange, will list the asset on its website provided that liquidity requirements are met. This implies that for ADA to be listed on the trading platform, a substantial supply would be required.
Following that, Coinbase Pro will provide several trading pairs, including ADA/USD, ADA/BTC, ADA/EUR, and ADA/GBP. The news had shot up the price of the asset almost immediately. It was trading at $1.07 before soaring by nearly 20% to a daily high of $1.26.
Polka dot
Polkadot has announced plans to build decentralized and trustless bridges to improve network interoperability. Its developers at Parity Technologies are working on creating the first generic bridge, which will allow all Substrate-based chains to connect and communicate with one another. This would enable Polkadot and Kusama networks to transact with each other.
What do you think of these developments? Let us know in the comments.
