Bitcoin
Ethereum
Filecoin
LayerZero
Midnight
Smaller altcoins shine as bitcoin stills trades around $85,000
In this news:
Key takeaways
- Smaller altcoins are outperforming major cryptocurrencies in a choppy market.
- Bitway token BTW jumped 25% in 24 hours following a Binance Wallet campaign.
- Filecoin and LayerZero also registered double-digit gains over a 24-hour period.
Smaller coins are stealing the spotlight again as bitcoin, ether and other major cryptocurrencies are still trading in a choppy range.
Altcoin market leaders
Leading the gains is BTW, the native token of Bitway, a bitcoin-compatible layer-1 blockchain with proof-of-stake consensus and decentralized finance infrastructure. The token has jumped 25% in the past 24 hours and is up 170% over the past 30 days.
BTW has also been drawing attention on social media, following the end of Binance Wallet's Booster Season 5 campaign on Oct. 2. The campaign offered rewards for deposits and may have boosted retail engagement.
Broader altcoin momentum
The rally also appears to be part of a broader shift toward smaller altcoins. Filecoin's FIL and LayerZero's ZRO have gained 12% and 10%, respectively, in 24 hours, and both are up 50% or more over four weeks. Midnight's NIGHT token has added 8% over the same 24 hours.
At the other end, SKY, VVV and DASH are the three worst performers among the 100 largest tokens by market value.
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