Avalanche, Solana rise to fresh highs and IoTeX soars 75% on travel partnership
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Avalanche has made another move after a quiet October, joining red-hot smart contract platform Solana in the all-time high club this afternoon.
AVAX tokens had traded for as much as US$79.59, and at midafternoon Sydney time were just under that at US$78.27, up 11.4 per cent from yesterday and up 25 per cent for the past seven days.
— Adam (@adamsengseng) November 4, 2021
Avalanche is currently the No. 13 crypto, behind Terra (LUNA), which was also surging, with a 9.8 per cent gain to $US48.74.
Solana meanwhile had flipped Tether to become the No. 4 crypto, hitting an all-time high of US$247 earlier around lunchtime.
Another day, another Solana all time high.
— IBCIG (@ibcig) November 3, 2021
At 3pm SOL tokens were changing hands for $238.65, up 4.3 per cent for the day and 26.8 per cent for the week.
Overall the entire crypto market was up 0.18 per cent to $US2.74 trillion, even as Bitcoin edged lower and Ethereum was basically flat.
BTC was changing hands for US$62,685, down 0.8 per cent, while Ethereum was up 0.2 per cent at US$4,576.
IoTex had been the biggest gainer, soaring 75 per cent to hit an all-time high of US15.5c. The No. 87 crypto, IoTeX is an Ethereum Virtual Machine-compatbile blockchain aimed at Internet of Things devices.
The catalyst for that pump appeared to be a partnership with Travala that will customers pay for flights, hotels and other travel accommodations using IoTeX.
@iotex_io having a ground breaking week. With the latest news about @Trusted_IoT, @travalacom and @NOWPayments_io integrations. There is just no way to avoid the reality. #IOT and Smart Devices #revolution is here and #IoTeX is leading the way.pic.twitter.com/j5uQdUeJNP
— Art Malkov (@art_malkov) November 3, 2021
Telcoin was up 50 per cent to 2.7c, and Kadena, Holo, Elrond and Amp had racked up gains of between 15 and 12 per cent.
On the flip side, THORChain had dipped 10 per cent, and Shiba Inu token had cooled a bit, dropping 9.3 per cent.