Axie Infinity, Ethereum Classic and Cosmos: the best altcoins of the day

Whether this is the interest rate hike announced by the US Federal Reserve or whether there is some other reason for the positive mood in the crypto market remains to be seen. But one thing is certain: many investors should relieve their hearts of a (small) load when they examine their portfolio on May 5th.

Bitcoin (BTC) is up almost 2%, while Ethereum (ETH) may register a gain of 3.2% on a daily basis. BNB, meanwhile, may show 2.7%, while Cardano (ADA) is even profiting in double digits with more than 10% at present.

However, the biggest outliers are the other altcoins: Axie Infinity (AXS), Ethereum Classic (ETC), and Cosmos (ATOM) topped the charts of daily gainers among the top 100 cryptocurrencies.

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Axie Infinity Price (AXS): Altcoin blockchain game catches up

Axie Infinity (AXS) price on a 24-hour chart.

Just yesterday, BTC-ECHO reported that blockchain game token The Sandbox (SAND) is weathering the market gloom. Today, however, the price laurels belong to competitor Axie Infinity, which is currently the daily crown with 14.19%. In comparison: SAND can show growth of more than 6%.

This allows the Metaverse game to recover a little from the shock caused by the hack of the North Korean hacker group Lazarus, which at the end of March stole more than 600 million dollars from the Axie Ronin network.

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Ethereum Classic (ETC) price: Is the ETH hard fork making a comeback?

Ethereum Classic (ETC) price on a 24-hour chart.

The Ethereum hard fork is currently seeing price growth of 12.53%, increasing its market capitalization to $4.243 billion. ETC is currently trading at $31.44. This means that the altcoin is still far from the all-time high that Ethereum Classic set almost exactly a year ago, on May 6, 2021, at $167.09.

Ethereum Classic, on the other hand, is a hard fork of Ethereum that was originally developed in response to a hack that stole $50 million in ether from The DAO received, an autonomous organization that operates crowdfunding to build decentralized open-source business models based on Ethereum. You can read everything else about ETC here.

Cosmos Hub (ATOM) price: Altcoin grows by double digits

Cosmos Hub (ATOM) price on a 24-hour chart.

The Cosmos network wants to ensure interoperability between blockchains with the platform’s own ATOM token. This is obviously going well, as the altcoin has risen 10.86% in the last 24 hours and is currently trading at $20.14.

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Cosmos only hit its all-time high in January this year at $44.45. So there is still room for improvement. If you want to learn more about Cosmos, we have noted down everything important about the project in the BTC Academy.

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