Altcoins have seen a record rally lately in light of the momentum in the cryptocurrency market.
Altcoins reach all-time highs with Bitcoin (BTC) back at $63,000; This prompted traders to look for a resumption of the bullish uptrend.
Data from Coin Telegraph Markets Pro and Trading View show that the biggest gainers over the past 24 hours are Parsec (PRQ), Handshake (HNS) and Near Protocol (NEAR).
Parsec is a blockchain-based analytics platform that specializes in connecting Blockchain activity with real-world applications.
The price increase for Parsec comes as the team behind the protocol has focused on enhancing the interoperability capabilities of Parsec, which currently offers support for multiple blockchain networks including Ethereum (ETH). ), Solana (SOL), Binance Smart Chain (BSC), Polkadot (DOT) and Algorand (ALGO).
HNS is a decentralized, permissionless naming protocol intended to be an alternative to current CAs and naming systems.
The data showed that after reaching a low of $0.213 on October 24, Handshake's price rose by 74% to an intraday high of 0, $371 as 24-hour trading volume increased 491% to $3.9 million.
Handcheck's price hike comes as the protocol's Domain Naming Service (DNS) starts gaining traction and users start buying HandCheck domains as it is one of the few DNS providers that supports the web (3.0).
NEAR is a low-cost single-layer protocol designed to make decentralized applications usable on the Internet. The project aims to provide interoperability between separate networks. .
According to the data, Nair's market conditions have been favorable for some time.
Nair's price hike comes as the protocol hosts its own Nercon event and has also announced an $800 million ecosystem development grant aimed at spurring growth in the Nyer ecosystem.
