On September 3, the positive trend in the cryptocurrency market remained strong, with a market-wide rally lifting the prices of major altcoins and pushing Bitcoin and Ether beyond their respective resistance levels of $51,000 and $4,000.
The recent price increases in the altcoin market show no evidence of abating, with many cryptocurrencies gaining more than 30% on Friday.
According to CoinMarketCap data, the top performers in the last 24 hours were Polymath (POLY), Bitcoin Cash ABC (BCHA), and XYO Network.
Polymath is an Ethereum-based project specializing in digital asset management. According to CoinMarketCap data, after reaching a low of $0.345 on September 1, the price of POLY rebounded 56 percent to an intraday high of $0.54 on September 3 as its 24-hour trading volume increased by 2,040 percent.
Bitcoin Cash ABC, formerly known as Bitcoin Cash (BCH), was recently renamed eCash (XEC).
The project’s popularity has grown after its formal rebranding as eCash, which included a token revaluation that raised the circulating quantity from 21 million to 21 trillion.
The XYO Network is a decentralized network of devices that anonymously gather and evaluate geographical data before storing it on the XYO blockchain.
The price increase comes after the XYO community received a boost in awareness on September 1 when CoinApp started a promotion that allowed users to earn XYO tokens for participating in a case study on the app.