Sunday, December 4, 2022
HomeNewsWhy IOTA, Chiliz, Theta Fuel, Hedera Hashgraph Tokens Are Rallying Despite the...

Why IOTA, Chiliz, Theta Fuel, Hedera Hashgraph Tokens Are Rallying Despite the Altcoin Market Retreat

Surprisingly, some Altcoins are performing incredibly well despite the market retreat. For instance, THETA is up 27% over the last 24 hours while Theta Fuel, the ‘gas’ token of the protocol is up a whopping 93.43%. Hedera Hashgraph went ballistic while Chiliz is also up by 28.89%.

Chromia (CHR), the relational blockchain platform and 8th largest NFTs related token up at 50.29% in the last 24 hours and 493.94% weekly.

In a March 11th official blogpost, IOTA announced the release of a new version of its Pollen Testnet v0.5.0. Earlier this year, IOTA launched its oracles to bring off-chain data to smart contracts on its network. To ensure data trustworthiness, IOTA and Dell Technologies partnered on a demo project called Alvarium.

In a bid to also expand its offering, IOTA partnered with the South Korean observer foundation and Tanglehub to apply for smart city projects in Asia and Europe in 2021. IOTA presently trades at $1.48, up by 10.44% in the last 24 hours and 15.07% on a 7-day basis.

Chiliz (CHZ)
NFTs related token, Chiliz (CHZ) has been on a tear since the beginning of March. It all started in late 2020 when blockchain sports venture Chiliz (CHZ) announced a partnership with Binance and since then Chiliz has listed ACM fan tokens for popular soccer club AC Milan. The listing generated $6 million in revenue quickly and Chiliz recently announced that it had partnered with 23 sporting and esports organizations to launch more fan tokens.

CHZ/USD Daily Chart

Image Credit: Shutterstock


Most Popular