Stock exchange offers and NFT boom lift IoTeX, Rally and Axie Infinity price

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Tuesday started with a bang after Poly Network was hacked for $ 610 million in funds in what appears to be the worst hack in decentralized finance history and the price of Bitcoin (BTC) rose 2% to nearly $ 45,000. Dollar has fallen.

Despite the severity of the hack, most altcoins are sticking to their recent gains and those that have seen small losses agree with the retreat in Bitcoin price.

Data from Cointelegraph Markets Pro and TradingView shows that the biggest winners over the past 24 hours have been IoTeX (IOTX), Rally (RLY) and Axie Infinity (AXS).

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

Coinbase Listing boosts IOTX for a second day

The decentralized Internet of Things platform IoTeX (IOTX) was the top performer on the 24-hour chart for the second day in a row, thanks to a rally triggered by Coinbase’s announcement that the token would start on March 11th. .

Data from Cointelegraph Markets Pro and TradingView show that the price of IOTX is now 150% up from a low of $ 0.0213 in the early hours of trading on August 9 to an intraday high of $ 0.0529 on Tuesday.

IOTX / USDT 4 hour chart. Source: TradingView

The listing announcement follows a blockbuster month in which IoTeX’s wallet and network activity has increased 600%, and a new cross-chain bridge with the Polygon, an Ethereum-based layer two solution, is one The two protocols enable bidirectional token swap between the two.

RLY / USD

Rally (RLY), a decentralized network for creators, was the second best altcoin in the past 24 hours as the ecosystem continues to expand and welcome new creators to the platform.

VORTECS ™ data from Cointelegraph Markets Pro began to see a bullish outlook for the RLY on August 8 ahead of the recent price hike.

The VORTECS ™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS ™ Score (green) vs. RLY price. Source: Cointelegraph Markets Pro

As can be seen in the graphic above, the VORTECS ™ Score for RLY climbed into the green on August 8, peaking at 70 in the next two days about five hours before its price increase of 81%.

The momentum for RLY has increased after the protocol turned its attention to developing its non-fungible token capabilities so that developers can coin their own NFTs that can be used to interact with their respective communities.

AXS / USD

Axie Infinity has been one of the hottest protocols in the last few months as the blockchain gaming movement to make money gains momentum.

Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for AXS on August 7th ahead of the recent price hike.

VORTECS ™ Score (green) vs. AXS price. Source: Cointelegraph Markets Pro

As can be seen in the graph above, the VORTECS ™ Score for AXS was green for most of the first half of last week, hitting a high of 81 on August 6, about 73 hours before trading rose 53% from the next Day.

Related: AXS price gains over 16% as Axie Infinity reaches 1 million daily active users

The excitement for AXS has been growing for some time and has risen again recently after the Axie ecosystem was the first non-fungible token game that surpassed total sales of $ 1 billion on Aug. 9.

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.