4 tokens showed significant growth amid a decline in the market. Two of these coins renewed all-time highs against the main digital asset
On the night of January 22, there was the largest daily drop in bitcoin over the past 10 months. The price of the first cryptocurrency at the moment dropped by 13%, below $ 29 thousand. This has not happened since March 2020, when the BTC rate fell by 39% in 24 hours.
Along with Bitcoin, the leading altcoins in terms of capitalization, such as Ethereum, XRP, BNB and others, also fell in price. But some investors, during the market fall, transferred capital to other coins, which showed an increase in relation to BTC. The editorial staff of RBC-Crypto analyzed the change in token quotes using the Coinmarketcap.com service and on the Binance exchange.
Among the tokens that went up in price was Polkadot (DOT). He set a new all-time high for the first cryptocurrency - 0.00055 BTC. Over the past 24 hours, the DOT against bitcoin has grown by 4%, against the dollar - by 8%.
The DOT blockchain project was launched in May this year. The token entered the phase of active growth in December. Over the past month, it has risen in price by 3.5 times, at the moment reaching $ 19.4. At 18:00 Moscow time, the cryptocurrency is worth $ 17.2, according to coinmarketcap.com.
Against the background of the fall in bitcoin, the Basic Attention Token (BAT) token also grew in price. Over the past day, relative to the main digital coin, it has strengthened by 28%, to 0.00001018 BTC. In terms of US currency, the asset is worth $ 0.33. Over the past month, it has risen in price by about one and a half times.
The BAT project was launched in 2017 by Brendan Eich, co-founder of the Mozilla browser and creator of the JavaScript programming language. The startup has developed its own browser, Brave, which is a decentralized platform. One of the drivers of the coin's price growth could be the recent update. On January 19, Brave added support for the IPFS protocol.
Celo token also showed significant growth amid bitcoin correction. At the moment, its rate to the first cryptocurrency rose by almost 50%, to 0.00013 BTC, but then dropped to 0.00009 BTC. In terms of dollar, altcoin is now worth $ 2.95, having almost doubled in price over the past month.
Celo is a blockchain platform that supports the launch of decentralized applications on top of it. A distinctive feature of the project is that it allows transactions in which an email or phone number can be used as a digital key.
The Injective Protocol (INJ) token has strengthened against bitcoin by 15% over the past day. Just like DOT, this altcoin set a new all-time high, reaching 0.0003 BTC. Then the price corrected, but only slightly.
The INJ price has been in a strong uptrend since the end of October, when it was first listed on exchanges. The listing took place on the Binance platform. Since then, the altcoin price has increased by about 1700%, the dynamics over the last month was 102%. The asset is now worth $ 9.1.
The Injective Protocol Project is a decentralized platform for trading financial derivatives. It supports various derivatives such as cryptocurrency perpetual futures, spot trading is also possible.