- The top 5 NFTs and Collectibles platforms on Alt Rank are CFX, STX, FET, IMX, and XTZ.
- The 24-hour price change, market cap, and trading volume are taken into account in Alt Rank's rating.
- Top of the list was Conflux CFX, which increased by 39.3% in the day before the report.
The top 5 NFTs and Collectibles platforms are Conflux, Stacks, Fetch.ai, ImmutableX, and Tezos. To rate cryptocurrencies, the LunarCrush-powered rating platform Alt rate combines social activity metrics with the actual altcoin price performance of the platforms, compared to BTC.
The ranking information on Alt Rank included data on the 24-hour price change of the listed projects' native coins. It also provided details on the top exchanges where they are listed and disclosed their market capitalization and daily trading activity.
Conflux (CFX)
The native cryptocurrency of Conflux, CFX, increased 39.3% in the day before the announcement. Its market capitalization was $710 million at the time, and during that time, $1.2 billion worth of the token was exchanged. Among the five tokens shown, CFX has the largest daily gain. The acclaimed largest cryptocurrency exchange by trading volume, Binance, has CFX listed on its platform.
Stacks (STX)
CFX is closely followed by STX, the native cryptocurrency for the Stacks NFT platform. In the 24 hours under observation, STX increased by 35.4%. The token had a market capitalization of $1.4 billion at the time, which was about twice the value of CFX, and a daily trading volume of $736 million.
ImmutableX (IMX)
ImmutableX's native cryptocurrency, IMX, which gained 29.3% in a day, is second to STX. IMX has a $1 billion market cap and a $129 million daily trading volume. Similar to CFX, IMX is listed on Binance, a major cryptocurrency exchange.
Fetch.ai (FET)
Based on the Alt Rank, FET, the native cryptocurrency of Fetch.ai, moves up to fourth place with a daily gain of 20.5%. The token has a $479 million market cap at the time of ranking and a $379 million daily trading volume.
Tezos (XTZ)
The native cryptocurrency of the Tezos project, XTZ, is the fifth and final token on Alt Rank's top 5 list. XTZ increased 12.6% in 24 hours and now has a market cap of $1.1 billion. $113 million worth of XTZ traded hands over the 24-hour period under observation. Three of the top five ranked Alt Rank NFT platform tokens are listed on Coinbase, including STX, FET, and XTZ, which are all on the exchange.
All of the listed cryptocurrencies have seen large gains as a result of the recent troubles of traditional banks, which have boosted market volatility for cryptocurrencies. Investors in the cryptocurrency market anticipate greater dynamism given the potential long-term impact that bank difficulties may have on the global economy. Some users believe it may be the impetus for the long-anticipated crypto bull run, which might drive prices to new all-time highs.
