The broader cryptocurrency market is facing another day of volatility, with Bitcoin (bitcoin), the bears managed to break the bullish support at $42,000. The price of Bitcoin was pushed to a daily low of $40,620 before running out of resources.

data from Cointelegraph Market Pro Four of the day’s top seven were shown to be part of the growing Cosmos Hub. The ecosystem currently uses the Inter-Blockchain Communication Protocol (IBC) to facilitate interoperability and communication between interconnected networks.

Here are the reasons behind the strength of IRISnet (IRIS), Secret (SCRT), Akash Network (AKT) and Cosmos (ATOM).

IRISnet expands its NFT capabilities

The biggest winner over the past 24 hours has been IRISnet, an inter-chain service hub for decentralized applications that enables cross-chain interoperability and provides businesses with modules to support running distributed systems.

data from Cointelegraph Market Pro and Transaction view After hitting a low of $0.079 in early trading on Jan. 7, the price of IRIS surged 84% to a daily high of $0.144, with its 24-hour trading volume soaring 2,320% to $112.6 million.

Thanks to the upcoming launch of Uptick Network’s non-fungible token (NFT) ecosystem, the protocol’s non-fungible token community continues to expand, with a sudden surge in the price and volume of IRIS. These efforts help attract new users to the IRISnet ecosystem.

Pulp Fiction NFTs are about to enter the secret web

Secret Network is a blockchain protocol with built-in smart contract data privacy that provides programmable privacy for data transfers, decentralized finance (DeFi), and NFTs.

VOLTECS™ data from Cointelegraph Market Pro A bullish outlook for SCRT began to be detected on January 3, ahead of the recent price increase.

Cointelegraph’s unique VORTECS™ score is an algorithmic comparison of historical and current market conditions, derived from a combination of data points including market sentiment, trading volume, recent price movements and activity on Twitter.

As shown in the chart above, the SCRT’s VORTECS™ score started to recover on January 3, and about 55 hours later, the price rose by 25% the next day.

SCRT prices rise after film director Quentin Tarantino will release NFTs from popular move pulp Fiction on a secret network.

Akash Networking Partners with CloudStack

The Akash Network claims to be the world’s first DeFi decentralized cloud computing marketplace. Dubbed DeCloud, the service lets any application start quickly without having to set up, configure or manage a server.

data from Cointelegraph Market Pro and Transaction view It shows that after a quick pullback to a low of $2.33 on Jan. 5, the price of AKT rebounded 25% to a daily high of $2.93 on Jan. 7, with an 88% increase in its 24-hour trading volume.

AKT’s momentum comes from the announced partnership between the Akash Network and CloudStack, a decentralized cloud aggregator that provides a portal to any decentralized storage network, including Filecoin, Arweave, and Storj.

related: 3 Reasons Cosmos (ATOM) Price Is Near All-Time Highs

Bulls like the idea of ??interoperability between Cosmos and Ethereum

Cosmos is the underlying blockchain protocol for the entire Cosmos Hub, calling itself the “Internet of Blockchains”. ATOM holders stake the platform’s native ATOM tokens to protect the entire ecosystem.

VOLTECS™ data from Cointelegraph Market Pro A bullish outlook for SCRT began to be detected on December 29, ahead of the recent price increase.

As the chart above shows, ATOM’s VORTECS™ score climbed into the green zone on December 29 and reached a high of 80 when its price began to rise 79% over the next 9 days.

The overall cryptocurrency market cap is currently $1.987 trillion, with Bitcoin dominance at 39.9%.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk and you should do your own research when making a decision.