Ethereum Alternatives and Gaming Tokens Outperform BTC and ETH

Ethereum Alternatives and Gaming Tokens Outperform BTC and ETH

Bitcoin (BTC) and ether (ETH) were little changed over the past 24 hours, though currencies associated with Solana and Polkadot – both alternatives to the Ethereum blockchain – were outperforming along with gaming tokens like Axie Infinity’s AXS.

Bitcoin was down 2% in the last 24 hours. The price briefly dipped Wednesday after the U.S. Federal Reserve’s announcement of a plan to taper, or cut back, its $120 billion monthly in bond purchases starting this month.

The world’s largest cryptocurrency by market value dropped as low as $60,530 at around 6:00 p.m. UTC on Wednesday, but recovered shortly and traded back above $63,000.