Conflux, Stacks, Fetch.ai, ImmutableX, and Tezos have been listed as the top 5 NFTs and Collectibles platforms by Alt Rank. The LunarCrush-powered rating platform, Alt Rank combines the actual altcoin price performance of the platforms, relative to BTC and social activity indicators to rank cryptocurrencies.
Top 5 #NFTs & Collectibles by Alt Rank: March 15th
Alt Rank is a measurement by @LunarCrush that combines actual altcoin price performance relative to #BTC and social activity [email protected]_Network $CFX @Stacks $STX @Fetch_ai $FET @IMXnftdrops $IMX @tezos $XTZ pic.twitter.com/PfKlCTLkx2
— Ben GCrypto (@GCryptoBen) March 15, 2023
The ranking details on Alt Rank provided information about the 24-hour price change of the native cryptocurrencies of the listed projects. It also published their market capitalization and daily trading volume while providing information about the prime exchanges where they are listed.
The Conflux native cryptocurrency, CFX gained 39.3% in the 24 hours preceding the report. As of then, its market capitalization was $710 million, while $1.2 billion of the token was traded within the same period. That makes CFX the highest daily gainer among the five listed tokens. CFX is listed on Binance exchange, the acclaimed largest crypto exchange by trading volume.
STX, the native cryptocurrency for the Stacks NFT platform, closely follows CFX. STX gained 35.4% in the 24 hours under observation. During this time, the token’s market capitalization was $1.4 billion, almost twice the value of CFX, while its daily trading volume was $736 million. STX is listed on the U.S.-based crypto exchange Coinbase Pro.
Behind STX is IMX, the native crypto of ImmutableX gained 29.3% in 24 hours. IMX is capitalized at $1 billion, with a daily trading volume of $129 million. Like CFX, IMX is listed on the global crypto exchange, Binance.
With 20.5% daily profit, FET, the native crypto of Fetch.ai becomes the fourth highest gainer, as ranked by Alt Rank. The token’s market capitalization at the time of ranking was $479 million, while its daily trading volume was $379 million.
The final token on Alt Rank’s top 5 list is XTZ, the native crypto of the Tezos project. XTZ gained 12.6% in 24 hours while registering a market capitalization of $1.1 billion. The trading volume of XTZ over the observed 24-hour period was $113 million. Like STX and FET, XTZ is listed on Coinbase, making it three out of the top 5 ranked Alt Rank NFT platform tokens to be listed on the exchange.
All the listed cryptos have posted significant gains following increased volatility in the cryptocurrency market, influenced by the recent struggles by mainstream banks. More dynamism is anticipated by investors 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.
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