During the beef markets, altcoins tend to accumulate profits when the Bitcoin (BTC) price consolidates and keeps pace with the BTC price during the breakout. This dynamic appears to be in jeopardy on the 3rd of November as several altcoins were parabolic while BTC was at $64,000 and Ether (ETH) hit a new all-time high above $4,500.
According to data from Messari, 31 coins set new records in the past 24 hours and the total market capitalization of the cryptocurrency increased overnight from $2.619 trillion to $2.732 trillion.
The top 13 coins recently hit a new all-time high. Source: messari
Let’s take a closer look at the race-stimulating agents in LCX (LCX), Illuvium (ILV), and Tokemak (TOKE).
LCX benefits from new IPOs
LCX is the original token of the Liechtenstein Crypto Asset Exchange, which was established in 2018. The exchange currently has at least eight crypto-related registrations with the Liechtenstein Financial Market Authority, allowing the platform to legally offer exchange services and security tokens (STOs). .
CoinGecko data shows that after hitting a low of $0.125 on October 17, LCX price surged 250% to a daily high of $0.44 on November 2, when 24-hour trading volume increased by 257% to $183. Millions.
LXC/USD 2-hour chart. Source: CoinGecko
The sudden increase in price and volume occurred the day after the listing of the LCX token on Coinbase Pro and the Bitrue exchange in Singapore.
Illuvium Game Preview Boosts ILV Bonus
Illuvium is an open-world fantasy fighting game built on the Ethereum newtork platform and aims to be the first AAA rated blockchain to feature decentralized finance (DeFi) and non-fungible tokens (NFT).
TradingView data shows that after hitting a low of $452.9 on September 29, ILV price rose 171% and hit a new all-time high of $1,231 on November 2, when trading volume jumped 122% to $105 million in 24 hours. .
ILV/USD on the 4-hour chart. Source: Trading View
The impetus to create ILV came after the release of the initial footage depicting the gameplay of the platform. This gave interested players the opportunity to experience the Illuvium ecosystem for the first time.
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Tokemak includes “token reactors”.
Tokemak is a decentralized liquidity and market creation protocol that supports “efficient and sustainable liquidity” in the DeFi ecosystem.
CoinGecko data shows that since trading as low as $29.98 on September 21, TOKE price has surged 145.65% to hit a new all-time high of $73.27 on November 2, as 24-hour trading activity continues to rise. Relatively stable at around $8 million. .
TOKE/USD 2-hour chart. Source: CoinGecko
According to Defi Llama, the price of TOKE has seen a steady rise with the total value installed on the Tokemak platform hitting a new all-time high of $767.9 million. The recent launch of Token Reactors on the Tokemak dashboard allows users to enter tokens from other protocols such as Alchemix (ALCX) and Olympus (OHM) to earn TOKE rewards.
The total market capitalization of the cryptocurrency is now $2.732 trillion and the Bitcoin dominance rate is 43.8%.