Although major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) have been on the rise in the last 24 hours, they have not passed critical levels. Bitcoin is trading below $50,000 while Ethereum is below $4,000. Meanwhile, 6 altcoins in the top 100 by market cap managed to rise. cryptocoin.com We examine them as…
The most bullish altcoin was Elrond (EGLD)
The altcoin, which started the day with the biggest increase in value, was Elrond (EGLD) with 18.27 percent. Elrond is a Blockchain protocol that aims to offer fast transactions using sharding. Recently, the decentralized exchange (DEX) Maiar, which has successfully come to the fore, Elrond recently announced the development of a new partnership that provides staking power to the network. Blockchain infrastructure provider P2P Validator has joined the Elrond network, according to their latest announcement.
In second place is Waves (WAVES) with 16.19 percent. Waves is a multi-purpose Blockchain platform that supports a variety of use cases, including decentralized applications (DApps) and smart contracts. The network announced that it is on the verge of an important announcement. “We will make history on December 22,” the team wrote on Twitter. He stated that the best guess will be rewarded with 100 USDN.
The third coin that rose the most was Avalanche (AVAX) with 15.87 percent. Looking at the latest developments, it seems that an important stablecoin has arrived on the Avalanche network. Named as Ethereum’s competitor, Avalanche is adding a native version of USDC, the stablecoin backed by cash and liquid cash equivalents managed by Boston-based Circle. Avalanche founder Emin Gün Sirer says that this development strengthens Avalanche’s position as the fastest system for sending USD.
Dogecoin continues to rise under the influence of Elon Musk
The fourth most-raised coin was the CAKE token of the popular DEX PancakeSwap. The token rose 14.74 percent. PancakeSwap started the Binance Fan Token “trade war” and announced that the winners will be rewarded. Additionally, IFO (Initial Farm Offerings) announced the launch of the CAKE pool. Dogecoin (DOGE) price and detailed market data from here you can see.
In fifth place is the meme coin Dogecoin (DOGE), which started to gain momentum with yesterday’s Elon Musk announcement. DOGE’s spike came after Tesla CEO Elon Musk announced that DOGE would be accepted for some of Tesla’s products. Finally, Polygon (MATIC), the structured network for Ethereum scaling and infrastructure development, rose 11.57 percent. The network tweeted that the EIP-1559 update has arrived on the Mumbai Testnet.
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