Bitcoin (BTC), which lost the critical level of $ 60,000 yesterday, rose above this level again in the morning, but fell to $ 59,000 at the time of writing. Coins such as Ethereum, XRP, Cardano, Solana, Binance Coin are trading sideways with little change. Meanwhile, the altcoin projects that left their mark on the market were meme coins.
War of meme coins: SHIB and DOGE chasing each other
Dogecoin (DOGE) was the most profitable altcoin in the last 24 hours among the top 100 by market value. DOGE is up 34 percent at the time of writing. The Shiba Inu (SHIB) follows DOGE with 31.8%. cryptocoin.com As we have previously reported, SHIB had replaced DOGE with its market value. However, a few hours later, with the Dogecoin army on the move, DOGE regained its supremacy.
SHIB, on the other hand, came to the fore with its all-time high and is currently one of the hottest coins on the market. SHIB, which describes itself as the Dogecoin killer, has gained close to 1,000 percent in the past month. In addition to its rise, SHIB also came to the fore when the base price of the recently released Shiboshis NFTs exceeded 1.2 Ethereum. Also, recently eToro listed SHIB.
Other top altcoin projects: FTM, SCRT, CRV
Third, the FTM token of Fantom, which provides DeFi services, rose 21.19 percent. In a tweet he sent about 2 hours ago, Fantom announced that the number of unique FTM addresses has exceeded 1 million.
Fourth, SCRT rose 19.89 percent. SCRT is the native token of Secret Network, the protocol that offers built-in data privacy for smart contracts and decentralized applications. The rising price and momentum for SCRT is believed to have come after the launch of the first anonymous NFTs on the Secret Network, made possible by a recent partnership with the largest NFT marketplace OpenSea.
Finally, CRV experienced an increase of about 17 percent. The rising price of CRV comes as the protocol continues to forge partnerships and integrations across the cryptocurrency ecosystem in multiple tier one and second tier networks. CRV is the native token of the Curve ecosystem, a decentralized exchange for stablecoins.
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