The cryptocurrency market is trending downwards and many altcoins are experiencing 15-20% corrections on a weekly or monthly basis. Meanwhile, cryptocurrencies have also been on the rise. Here are the coins that are in the top 100 according to market value and the most rising in a day, and the developments in the network behind the coins…
The most rising altcoin is MINA
Mina Protocol is a Blockchain created to reduce computational requirements in order to run decentralized applications efficiently. MINA, the token of this network, has gained 25.94 percent in the last 24 hours. MINA even hit an all-time high (ATH) at $6.28 in the morning. Mina Protocol has recently integrated with Polygon and cryptocoin.com As we have also reported, it has been listed by the Turkish cryptocurrency exchange Paribu.
Another top token is the SNX token of the decentralized finance protocol Synthetix, which offers blockchain access to a variety of crypto and non-crypto assets. SNX gained 22.35 percent. Synthetic-backed perpetual futures will soon be listed on Kwenta.
PERP rises with distribution of weekly stake reward
The PERP token of Perpetual Protocol, which was founded in 2019 on the automated market maker design, gained 16.71 percent. The network distributes staking rewards to users every week. 150,000 PERP are evenly distributed to PERP stakers. 22.2 percent of these rewards are in a claimable state.
Created by Bitcoin Cash developers, eCash became the fourth highest-grossing altcoin. eCash gained 19.8 percent. The ICX token of the decentralized blockchain network ICON, which focuses on interoperability after XEC, has gained 18.92 percent. Hedera Hashgraph (HBAR) was up 15.72 percent.
Focusing on increasing cryptocurrency adoption among smartphone users, Celo’s CELO token rose 18.35 percent. Celo continues to add many new protocols to its ecosystem and comes to the fore with its partnerships. The total value locked in the protocol has reached $595 million.
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