In the cryptocurrency market, the impact of the recent rise seems to have diminished, albeit slightly. The leading cryptocurrency Bitcoin has dropped from its all-time high of over $67,000 to nearly $62,000 and has lost 3 percent in the last 24 hours. Coins such as ETH, BNB, and ADA also lost 1-2 percent. On the other hand, meme coins such as DOGE and SHIB also suffered a decline. The former fell 1.8 percent and the latter 4.3 percent. So, what are today’s emerging altcoin projects? cryptocoin.com We review as…
RUNE exploded with the impact of new developments
With coins such as Bitcoin, Ethereum, ADA and BNB gaining momentum in the past few days, the total value of the cryptocurrency market approached $2.8 trillion. However, with the effect of slight decreases seen today, this value has decreased to 2.65 trillion dollars. On the other hand, some altcoins gained in value.
When we look at the coins that are in the top 100 according to their market value, and the coins that have risen the most, THORChain (RUNE) is in the first place with 26.19 percent. THORChain is a decentralized liquidity protocol that allows users to easily exchange crypto assets between various networks without losing full custody of their assets.
RUNE may have been buoyed by the impact of THORSwap, the first multi-chain DEX (decentralized exchange) built on THORChain. THORSwap’s THOR token is in the IDO (initial DEX offering) process and has recently been listed on major coin analysis sites like CoinGecko and CoinMarketCap. On the other hand, according to LunarCrush, which analyzed Thorchain’s social and market activity, the network ranked first among 3,164 coins according to these metrics.
Popular altcoin projects SOL and NEXO also jumped
Second, Solana’s SOL token, which provides Solana decentralized finance (DeFi) solutions, gained as much as 10 percent. The DeFi ecosystem on the Solana (SOL) Blockchain has seen the total value approaching $13 billion, hitting an all-time high as more users switch to the network due to transaction speeds and lower fees. According to DeFi data aggregator DefiLlama, the total value locked in Solana Blockchain is currently $12.95 billion; Over $1 billion in cryptocurrencies are locked in a total of six projects.
Finally, the NEXO token of Blockchain-based lending platform Nexo, which offers users cryptocurrency-backed loans, rose 8 percent. Users of the platform; It deposits a coin such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC) or XRP (XRP) as collateral to obtain a loan in the form of fiat currency or stablecoin.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.