​Which coins reacted to Binance’s announcement. Top 6 altcoins that rose in price

What’s new? According to the cryptocurrency exchange Binance, a number of altcoins in the past 24 hours has shown significant growth in the range from 13% to 66%. In question are such projects as Xeno Token (XNO), Voyager Token (VGX), Acala Token (ACA), SuperRare (RARE), BENQI (QI), and Ren (REN). Meanwhile, bitcoin has lost 0,06% in the last 24 hours and is trading at $16 551 as of November 24, 12:30 UTC, Ethereum is up by 1,97%, reaching $1196.

What is known about tokens? XNO is the native token of XENO NFT marketplace. It is used for trading, staking, and voting on the development of the platform. In 24 hours, the rate of the token has risen by 66,45% to $1,033.

VGX is the native token of the bankrupt crypto broker Voyager Digital. The token’s rate gained 28,38% amid news of Binance’s US arm’s participation in the auction to sell the company’s assets. VGX is priced at $0,48.

ACA is the token of the Ethereum-compatible DeFi smart contract platform, which operates as a Polkadot parachain. The asset has risen by 26,06% per day to $0,1311.

RARE is the token of SuperRare NFT platform. The asset is used within the marketplace ecosystem, implementing the idea of decentralization and transferring certain rights to govern network parameters to users. During the day, RARE grew by 25,75%, the value of one token is $0,1426.

QI is the token of decentralized liquidity market protocol and liquid staking based on Avalanche. QI acts as the utility and governance token, allowing one to manage the network and vote on BENQI’s, a decentralized autonomous organization (DAO), proposals that determine the future of the protocol. In the past 24 hours, the token has risen by 17,51% reaching $0,00934.

REN is the token of an open protocol for interoperability and liquidity between different blockchain platforms. The project is currently cash-strapped because it received regular funding from trading firm Alameda Research, part of the bankrupt FTX group of companies. On November 11, Ren representatives said they did not have access to the project’s treasury, which is stored on the FTX exchange. The asset’s rate was at $0,088617 (+13%).

For what altcoins benefited from the collapse of the FTX crypto exchange, read GetBlock Magazine’s previous selection.