Exchange listings and NFT boom boost the prices of IoTeX, Rally and Axie Infinity


After Poly Network, Tuesday started with a loud noise $610 million in funds stolen by hackers Seems to be the most serious hacking in the history of decentralized finance and bitcoin prices (Bitcoin) Fell 2% and the transaction price was close to 45,000 USD.

Despite the serious hacking attacks, most altcoins have maintained their recent gains, and those altcoins with small losses are consistent with the decline in the price of Bitcoin.

Data from Cointelegraph Markets Pro and Transaction view The biggest gains in the past 24 hours are IoTeX (IOTX), Rally (RLY) and Axie Infinity (AXS).

The top 7 tokens with the largest price changes in 24 hours. source: Cointelegraph Markets Pro

Coinbase boosted IOTX on the second day of listing

The decentralized IoT platform IoTeX (IOTX) performed best on the 24-hour chart for the second day in a row, thanks to announcement News from Coinbase stated that it will start listing tokens on Coinbase Pro from August 11.

Data from Cointelegraph Markets Pro and Transaction view Shows that the price of IOTX has now risen by 150% from the low of $0.0213 during the morning trading session on August 9 to $0.0529 during Tuesday’s session.

IOTX/USDT 4-hour chart. source: Transaction view

The listing announcement was made after a sensational month, which witnessed an increase in IoTeX’s wallet and network activities 600% And the new cross-chain bridge with Polygon, which is a second-layer solution based on Ethereum, which can realize two-way token exchange between the two protocols.

Rayleigh/USD

Rally (RLY) is a decentralized creator network. As the ecosystem continues to expand and new creators are welcome to join the platform, it is the second best performing altcoin in the past 24 hours.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for RLY on August 8, before the recent price increase.

Cointelegraph’s unique VORTECS™ score is an algorithmic comparison of historical and current market conditions. These data points include a combination of market sentiment, trading volume, recent price changes, and Twitter activity.

VORTECS™ score (green) and RLY price. source: Cointelegraph Markets Pro

As shown in the graph above, RLY’s VORTECS™ score soared to green on August 8 and reached a high score of 70 approximately five hours before its price rose by 81% in the next two days.

After the agreement focused attention on developing its irreplaceable token function to allow creators to mint NFTs that can be used to interact with their respective communities, RLY’s momentum has been on the rise.

AXS/USD

Axie Infinity has been one of the most popular protocols in the past few months, as the movement of playing profitable blockchain games has become more and more popular.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for AXS on August 7, before the recent price increase.

VORTECS™ score (green) and AXS price. source: Cointelegraph Markets Pro

As shown in the figure above, AXS’s VORTECS™ score has been in the green state for most of the past week, and reached a high of 81 on August 6, and its price has risen by 53% after about 73 hours. tomorrow.

related: With the number of daily active users of Axie Infinity approaching 1 million, the price of AXS has risen by more than 16%

The excitement of AXS has been going on for some time, and it has recently gone up another level after the Axie ecosystem became the first irreplaceable token game with a total sales of more than $1 billion on August 9.

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