Altcoins
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Altcoin AVAX on Monday overtook the leader of previous sessions DOGE, leading the daily increase in the top 30 ranking with a result of +6%. The service cryptocurrency Avalanche is in demand among investors due to the high activity of developers advertising the Banff 1 update.
The soft fork was released on October 29th to significantly improve the interoperability between subnets, on the set of which the sidechain ecosystem is built, whose smart contracts are compatible with the Ethereum Virtual Machine.
The launch of Banff 1 on Avalanche opened up new opportunities for Dapps owners. The appearance in the update of the function of confirming balances and transactions of wallets on other subnets, without spending gas and paying commissions, allows you to automatically reward token holders for certain actions.
Banff 1 has already opened up new types of loyalty and farming programs that developers are busy implementing right now, judging by the sharp increase in activity on GitHub.
The service cryptocurrency BNB Chain grew by 4.5% yesterday. An important role in the formation of positive demand for BNB was played by the connection of the blockchain with the Binance exchange.
The connections of the founder of Changpeng Zhao, the largest cryptocurrency exchange, with the authorities of Kazakhstan, will provide a liquidity flow in the future ecosystem in the form of digital tenge, which can be placed on BNB Chain.
On Monday, investor purchases of the altcoin were associated with another event. Binance co-sponsored the purchase of Twitter by Elon Musk and now expects to get a return on its $ 500 million. Zhao announced a joint plan to combat bots on the social network, which will use BNB Chain.
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