During balderdash markets, altcoins tend to accumulate gains when Bitcoin (BTC) cost consolidates and run in tandem with BTC price during breakouts. This dynamic appears to be at play on Nov. iii considering multiple altcoins went parabolic at the same time that BTC made a run at $64,000 and Ether (ETH) hit a new all-time loftier above $iv,500.

According to data from Messari, 31 tokens have established new record-highs in the past 24 hours and the total cryptocurrency market cap increased from $2.619 trillion to $2.732 trillion overnight.

Top xiii tokens to recently establish a new all-time high. Source: Messari

Let'southward take a closer look at the motivating factors behind the rallies in LCX (LCX), Illuvium (ILV) and Tokemak (TOKE).

LCX benefits from new commutation listings

LCX is the native token of the Liechtenstein Cryptoassets Commutation, which was established in 2022. Currently, the exchange is in possession of at to the lowest degree viii cryptocurrency-related registrations by the Financial Market Authorisation Liechtenstein and this allows the platform to legally offer commutation services and security token offerings (STO).

Data from CoinGecko shows that since hit a low of $0.125 on October. 17, the cost of LCX has rallied 250% to a daily loftier at $0.44 on November. 2 equally its 24-hr trading volume spiked 257% to $eighteen.3 million.

LXC/USD 2-60 minutes chart. Source: CoinGecko

The sudden fasten in cost and trading volume comes a solar day later on LCX token was listed on Coinbase Pro and the Singapore-based Bitrue commutation.

Illuvium gameplay preview send ILV price college

Illuvium is an open up-globe fantasy battle game that is built on the Ethereum newtork and has the goal of becoming the first AAA-rated blockchain-based game that incorporates aspects of decentralized finance (DeFi) and nonfungible tokens (NFTs).

Information from TradingView shows that later reaching a low of $452.9 on Sept. 29, the price of ILV has surged 171% to plant a new record high at $1,231 on Nov. 2 as its 24-hr trading volume jumped 122% to $105 meg.

ILV/USD 4-hour chart. Source: TradingView

The building momentum for ILV comes following the release of raw footage depicting the gameplay of the platform. This gave interested gamers their first gustatory modality of the Illuvium ecosystem.

Related: Axie Infinity, Decentraland and 'metaverse' cryptos rally after Facebook rebrands to Meta

Tokemak incorporates 'Token Reactors'

Tokemak is a decentralized liquidity and marketplace-making protocol that supports an "efficient and sustainable liquidity" across the DeFi ecosystem.

Data from CoinGecko shows that since trading at a low of $29.98 on Sept. 21, the toll of TOKE has increased 145.65% to accomplish a new record loftier at $73.27 on Nov. ii every bit its 24-hr trading activity remained relatively stable near $8 million.

TOKE/USD 2-hour chart. Source: CoinGecko

The steady climb in the price of TOKE comes as the full value locked on the Tokemak platform reached a new all-time loftier of $767.nine one thousand thousand, according to data from Defi Llama. The recent rollout of its token reactors on the Tokemak dashboard allows users to stake tokens from other protocols such every bit Alchemix (ALCX) and Olympus (OHM) to earn TOKE rewards.

The overall cryptocurrency market cap now stands at $ii.732 trillion and Bitcoin'south authority rate is 43.8%.

The views and opinions expressed hither are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading motion involves gamble, you should conduct your own research when making a decision.