Bitcoin (BTC) is on the verge of closing another week that saw the price dip closer to $30,000 merely the same surly observation cannot be made for all altcoins. On Friday, several smaller-cap altcoins managed to milk shake off the bearish attack and post-double-digit gains before traditional markets airtight for the weekend.

Information from Cointelegraph Markets Pro and TradingView shows that the tiptop movers over the past 24 hours were NEM (XEM),  Augur (REP) and district0x (DNT).

Pinnacle seven coins with the highest 24-hr price change. Source: Cointelegraph Markets Pro

It'south worth noting that 4 of the top seven gainers are layer-one protocols, an interesting development that comes at a time when Ether's (ETH) cost is struggling below the $2,000 level and the customs anxiously waits to see if the upcoming London hard fork improves Ether price and the procedure of transacting on the network.

NEM/USDT

Data from Cointelegraph Markets Pro and TradingView shows that after a month where the average 24-hour trading book for NEM was $50 million, demand for the token surged on July sixteen as the volume increased to $532 million and the cost rallied 35% to $0.151.

XEM/USDT 4-hour chart. Source: TradingView

The uptick in toll follows the July 13 proclamation that Symbol (XYM), an enterprise blockchain protocol developed by the NEM group, had agreed to a collaborative projection with the government of Republic of colombia.

REP/USDT

According to data from TradingView, REP price began to surge on July 13 after the 24-60 minutes trading volume spiked from a daily average of $17 1000000 to more than $521 meg on July 14.

REP/USDT four-hour nautical chart. Source: TradingView

Every bit a result of the sudden increase in trading volume, the price of REP rallied 57% from a low of $14.60 on July 13 to an intraday high at $22.97 on July 16.

While in that location is no readily identifiable crusade for the sudden increase in interest, a scroll through the Augur's Twitter feed shows that forecasting on the network remains active with the most recent polls asking "Who would win the 2022 Major League Baseball Home-run derby?" and "Who will win the Ultimate Fighting Title fight between Connor McGregor and Dustin Poirier?"

Related : Cardano grows closer to launching smart contracts with new testnet

DNT/USDT

The tertiary-largest gainer on July sixteen was Distric0x, a protocol that bills itself as a "network of decentralized markets and communities" and specializes in helping users launch their own decentralized autonomous organizations (DAO).

DNT/USDT 4-hr chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView shows that DNT'southward trading volume spiked from $3 1000000 to more than $threescore million on Friday, which led to a 73% rally from $0.112 to an intraday high at $0.193.

At the fourth dimension of writing the price of DNT had since retraced to $0.133 which represents a 17.35% gain on the day.

The views and opinions expressed hither are solely those of the author and practise not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should bear your own research when making a determination.