The price of NEM, Augur and District0x is rising while Bitcoin is trading below $ 32,000

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Bitcoin (BTC) is about to close another week in which the price dropped closer to $ 30,000, but the same bearish observation cannot be made for all altcoins. On Friday, several smaller cap altcoins managed to shake off the bearish attack and double-digit gains before traditional markets closed for the weekend.

Data from Cointelegraph Markets Pro and TradingView show that the top movers in the past 24 hours have been NEM (XEM), Augur (REP) and district0x (DNT).

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Top 7 coins with the highest 24 hour price change. Source: Cointelegraph Markets Pro

It’s worth noting that four of the top 7 winners are Layer-One protocols, an interesting development happening at a time when the price of Ether (ETH) is dropping below the $ 2,000 mark and the community is excited waits to see if the upcoming London hard fork improves. Ether price and the transaction process in the network.

NEM / USDT

Data from Cointelegraph Markets Pro and TradingView show that after a month in which the average 24-hour trading volume for NEM was $ 50 million, demand for the token spiked on July 16 when the volume rose to $ 532 million -Dollars rose and the price rose 35% to $ 0.151.

XEM / USDT 4-hour chart. Source: TradingView

The price hike follows the July 13 announcement that Symbol (XYM), an enterprise blockchain protocol developed by the NEM Group, has agreed to a collaborative project with the Colombian government.

REP / USDT

According to data from TradingView, REP price started rising on July 13 after 24-hour trading volume rose from a daily average of $ 17 million to more than $ 521 million on July 14.

REP / USDT 4 hour chart. Source: TradingView

As a result of the sudden surge in trading volume, REP’s price rose 57% from a low of $ 14.60 on July 13 to an intraday high of $ 22.97 on July 16.

While there’s no easily identifiable reason for the sudden surge in interest, scrolling through the Augur’s Twitter feed reveals that the network’s predictions are still active, with the latest polls asking, “Who would do the Major League Baseball homerun -Win Derby 2021? “And” Who will win the Ultimate Fighting Championship fight between Connor McGregor and Dustin Poirier? “

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DNT / USDT

The third largest winner on July 16 was Distric0x, a protocol that calls itself the “Network of Decentralized Markets and Communities” that specializes in helping users build their own Decentralized Autonomous Organizations (DAO).

DNT / USDT 4 hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView show that DNT’s trading volume rose from $ 3 million to over $ 60 million on Friday, resulting in a 73% rally from $ 0.112 to an intraday high of $ 0.193 led.

At the time of writing, DNT’s price had since fallen to $ 0.133, up 17.35% for the day.

The views and opinions expressed are those of the author only and do not necessarily reflect the views of Cointelegraph.com. Every step of investing and trading involves risk, so you should do your own research when making a decision.