There is joy when looking at the daily crypto charts: a large part of the market is reporting profits. These altcoins are the biggest winners.
It remains to be seen whether it was the interest rate hike announced by the US Federal Reserve or whether there is an entirely different reason for the positive mood on the crypto market. But one thing is for sure: Many investors should take a (small) load off their hearts when they look at their portfolio on May 5.
Bitcoin (BTC) is up almost 2 percent, while Ethereum (ETH) can report a gain of 3.2 percent daily. BNB can show 2.7 percent, while Cardano (ADA) is even benefiting in double digits with over 10 percent at the current hour.
However, the most significant outliers are other altcoins: Axie Infinity (AXS), Ethereum Classic (ETC), and Cosmos (ATOM) lead the ranking of daily winners among the top 100 cryptocurrencies.
Axie Infinity (AXS) price: blockchain game altcoin is catching up
Just yesterday, the token of the blockchain game The Sandbox (SAND) defies the market’s gloomy mood. Today, however, the price laurels belong to the competitor Axie Infinity, which is currently the daily crown with 14.19 percent. In comparison: SAND can show growth of more than 6 percent.
This allows the Metaverse game to recover a bit from the shock caused by the hack by the North Korean hacker group Lazarus, which stole over $600 million from the Axie network Ronin in late March.
Ethereum Classic (ETC) price: is the ETH hard fork making a comeback?
The Ethereum hard fork is currently reporting a price growth of 12.53 percent, increasing its market capitalization to $4.243 billion. ETC is currently trading at $31.44. This means that the altcoin is still a long way from the all-time high that Ethereum Classic set almost a year ago, on May 6, 2021, at $167.09.
Ethereum Classic, meanwhile, is a hard fork of Ethereum that was originally developed in response to a hack that obtained $50 million in ether from The DAO, an autonomous crowdfunding organization to launch open-source, decentralized business models Build base Ethereum.
Cosmos Hub (ATOM) course: Altcoin grows double digits.
The Cosmos network wants to ensure interoperability between blockchains with the platform’s own token ATOM. This is obviously going down well, as the altcoin is up 10.86 percent over the past 24 hours and is currently trading at $20.14.
In January of this year, Cosmos only hit its all-time high at $44.45. So there is still room for improvement.