The world’s biggest crypto by market cap, Bitcoin was changing hands between $60,000 to $63,000 on Friday before the release of the U.S jobs report. The value is also little changed over the week, while alternative coins (altcoins) and gaming token have seen great rise in their values.
>Bitcoin Dominance Chart Shows Bias Towards Altcoins
The bitcoin (BTC) dominance chart, that allows the extent of the crypto’s dominance over the rest of the space, is indicating a bias toward altcoins exposure, as per the COO of Stack Funds, Matthew Dibb.
Solana’s SOL token has driven 21% this week, surpassing its all-time high on Thursday, while the second largest crypto, Ethereum also hit another all-time high at $4,628 on November 3. It is up by 2.4% on the week.
Polkadot’s DOT also made significant profits this week, and is up 20%, while Avalanche’s AVAX token hit an all-time high at $80.29 on Friday, and is also up 20%. Coins related to virtual world were also in the spotlight after Facebook stated that it will audit its name to Meta.
Enjin coin (ENJ), the token of Enjin, a gaming community stage and virtual goods markets with a market value of $2.6B is up 28%. Enjin declared on Thursday that it has developed a $100M fund to support projects in ecosystem focused towards creating a decentralized space. The fnd, however, will focus on digital collectible apps, on-chain NFT assets, developing multichain infrastructure and gaming.
The currency of Decentraland, a virtual world on ETH blockchain, MANA, that enables users to monetize apps and content, is up 88% on the week. Axie Infinity’s AXS token is up 5% over the week. SAND, token of Sandbox, also a virtual world where gamers can own, build, and monetize their gaming experiences using NFTs is up 132%.
Give a look at: Bitcoin Cash saw Great Rise in its Value on Friday
