Although Bitcoin (BTC) managed to touch $ 58,000 in the last 24 hours, it has returned to $ 57,500 at the time of writing. The leading altcoin Ethereum (ETH), on the other hand, fell below $3,500. Looking at the overall cryptocurrency market, which has not yet exhibited high fluctuations, Shiba Inu (SHIB), Waves (WAVES) and Revain (REV) all surged in one day.
Here are the 3 most rising altcoins in the last 24 hours: The first one is SHIBA
At the top of the list is the Shiba Inu (SHIB), with an increase of 15.49 percent. Dogecoin killer Shiba Inu has rocked the market with its recent bullish momentum. cryptocoin.com As we reported, meme coin also rose more than 350 percent in a week, making it one of the top 12 cryptocurrencies by market cap. It is currently the most traded currency on leading exchanges such as SHIBA, Coinbase, Binance, and Huobi.
Recently, SHIB’s market cap has risen to more than half of Dogecoin’s market cap. Currently, Dogecoin is ranked 10th worldwide with a market cap of $32 billion, while SHIB is ranked 12th. SHIB expanded after an anonymous whale decided to buy 6.3 trillion SHIB. Also, the deployment of Shiba Inu’s DEX ecosystem, ShibaSwap, and the introduction of the platform’s burn mechanism have resulted in a spike in altcoin prices. Some developments in SHIB were the main contributing factors to the large increase in price valuation.
In addition, the announcement of the release of 10,000 Shiboshis on ShibaSwap, the execution of the burning mechanism and the increase in the number of token holders are also the catalysts behind the growth in the ecosystem.
WAVES and RVN gain momentum
Second, Waves’ WAVES token, a multi-purpose blockchain platform that supports a variety of use cases, including decentralized applications (DApps) and smart contracts, rose 13.29 percent. Waves has recently managed to become a metaverse in the NFT space with the Waves Ducks series. In addition, the Waves Blockchain-based decentralized lending protocol Vires.Finance was launched. Also in October with the long-awaited launch of Ledger, it was possible to earn on Launchpad, a place where projects issuing a token on the Waves Blockchain can raise funds.
Finally, the REV token of Revain, an online platform for Ethereum Blockchain-based token reviews designed to enable developers to receive constructive feedback on their projects, gained 9.75 percent. Revain held a singing competition during the past few days. The winner of the competition will receive 20 RVN.
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