Alt Rank, a rating platform powered by LunarCrush, has ranked in the top 5 NFT and collectibles platforms. The ranking methodology takes into account actual altcoin price performance relative to Bitcoin and social activity indicators to rank cryptocurrencies. The top 5 NFT platforms are Conflux, Stacks, Fetch.ai, ImmutableX, and Tezos.
Conflux (CFX) is the highest daily gainer among the five listed tokens, with a gain of 39.3% in the 24 hours preceding the report. CFX has a market capitalization of $710 million and $1.2 billion in daily trading volume. It is listed on Binance, the largest cryptocurrency exchange by trading volume.
Stacks (STX) closely follow CFX, with a gain of 35.4% in the 24 hours under observation. Its market capitalization is $1.4 billion, almost twice the value of CFX, and its daily trading volume is $736 million. STX is listed on Coinbase Pro, a U.S.-based crypto exchange.
ImmutableX (IMX), the native cryptocurrency of ImmutableX, gained 29.3% in 24 hours. Its market capitalization is $1 billion, with a daily trading volume of $129 million. IMX is listed on Binance.
Fetch.ai (FET) is the fourth highest gainer, with a daily profit of 20.5%. Its market capitalization is $479 million, while its daily trading volume is $379 million.
Tezos (XTZ), the native cryptocurrency of the Tezos project, gained 12.6% in 24 hours, with a market capitalization of $1.1 billion and a trading volume of $113 million. It is listed on Coinbase along with STX and FET.
All the listed cryptocurrencies have posted significant gains following increased volatility in the cryptocurrency market, influenced by the recent struggles of mainstream banks. Investors anticipate more dynamism in the crypto market, considering the long-term influence the bank issues could have on the global market. Some users suspect that it could be the catalyst that will trigger a much-expected crypto bull run that could push crypto prices to new all-time highs.
Alt Rank’s ranking details provide information about the 24-hour price change of the native cryptocurrencies of the listed projects, as well as their market capitalization and daily trading volume. The platform also provides information about the prime exchanges where they are listed.
NFTs and collectibles have gained a lot of attention in recent years, with digital art and other unique digital items selling for millions of dollars. The market for these items is still relatively new, but it is growing rapidly, with new projects and platforms launching all the time.
Overall, the crypto market continues to be a volatile and unpredictable space, but it also offers significant opportunities for investors and traders. As more people become interested in cryptocurrencies and NFTs, we can expect to see more innovation and growth in this space in the coming years.
