News Formal

Altcoins NEAR, IMMUTABLE, AVAX rallies amid market downturn

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Avalanche News

Nearprotocol,Immutablex

Avalanche (AVAX), ImmutableX (IMX) and Near Protocol (NEAR) tokens rallied on Thursday as all three networks appeared to have experienced positive investor sentiments.

NEAR saw slight gains following the launch of Nightshade 2.0 on its mainnet. IMX has risen 10% in the past 24 hours, stretching its weekly gains to 17%.

and IMX are currently up 4.2% and 10%, while NEAR slightly declined after rallying 4%. Key updates in altcoins lead to rallies despite overarching pressure Near Protocol saw slight gains today, rising over 4% before experiencing a correction. The rise may be attributed to the protocol's recent announcement of Nightshade, an upgrade to its sharding design. The upgrade aims to provide better scalability to the network through the introduction of stateless validation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Asset Manager Grayscale Offers AVAX Token Investment in New Avalanche TrustIan Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »