According to the data, crypto money prices have fallen in the last 24 hours. Bitcoin and Ethereum each saw a 7% loss. Bitcoin, the largest cryptocurrency by market cap, is trading as much as 11 percent below its all-time high of $69,045, which it reached just six days ago. According to analysts, although BTC is still in the bullish phase, the overall market sentiment has cooled somewhat. While this is the case in the market where meme coins such as SHIB and DOGE have fallen, there have not been many altcoin projects that have experienced the highest rise in the last 24 hours.
The most rising altcoin project of the day was UMA
Universal Market Access (UMA) was the crypto that saw the biggest rise on Tuesday morning, when many cryptos fell. UMA is an Ethereum Blockchain-based project focused on the creation of synthetic assets, which are self-executing, self-executing financial contracts that allow counterparties to digitize and automate any real-world financial derivative. Uma is up 27.38 percent in the last 24 hours.
The increase in UMA price is thought to come after the mainnet launch of the Sherlock DeFi protocol. The Sherlock DeFi protocol is an insurance protocol that uses UMA’s Optimistic Oracle solution that aims to fairly evaluate claims and protect against vulnerabilities of other protocols. In addition, the addition of UMA to Aave as collateral has also been discussed recently.
HT, REV, LEO and USDC also traded on the green board
Huobi Token (HT), Revain (REV), UNUS SED LEO (LEO) and USD Coin (USDC) were also traded from the green board today, dominated by the decline, although they did not rise as high as UMA or did not have as sharp developments as UMA. cryptocoin.com As we reported, Huobi Token is the native token of the cryptocurrency exchange Huobi Global, a decentralized digital asset based on the Ethereum Blockchain.
Another altcoin trading on the green board today, Revain (REV) is an online platform for token reviews based on the Ethereum Blockchain, designed to allow developers to receive constructive feedback on their projects. UNUS SED LEO (LEO), on the other hand, is a utility token used in the iFinex ecosystem. Finally, USD Coin (USDC) is a stablecoin pegged to the US dollar on a 1:1 basis. Each unit of this cryptocurrency in circulation is backed by $1 held in reserve in a mix of cash and short-term US Treasury bills.
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