Popular altcoin projects such as the leading cryptocurrency Bitcoin (BTC) and Shiba Inu (SHIB), Dogecoin (DOGE) have been overshadowed by the metaverse craze. When we look at the coins that are in the top 100 by market capitalization and have increased the most in the last 24 hours, it is seen that most of them are metaverse-oriented coins. Here are the details…
Metaverse-focused altcoin projects have been the top winners in the last 24 hours
Looking at the list, Decentraland (MANA) and The Sandbox (SAND) rose by 148 percent and 76 percent, respectively. cryptocoin.com As we have also reported, the rise in such coins was a result of the giant company Facebook changing its name to Meta, as it shifted its long-term focus to 3D virtual environments, namely the metaverse. Although not the most rising, Enjin Coin (ENJ), one of such altcoins, also gained 23.53 percent.
Alongside these, Horizen (ZEN), Chiliz (CHZ), Basic Attention Token (BAT), Audius (AUDIO) and Zcash (ZEC) all rose. ZEN and ZEC, which have increased by 59.66 percent and 13.07 percent in the last 24 hours; It was added to Grayscale’s trust funds in recent weeks. Horizen is an interoperable Blockchain system powered by a decentralized node infrastructure, while Zcash is a decentralized cryptocurrency focused on privacy and anonymity.
Other rising altcoins
Chiliz (CHZ), famous for its fan tokens, seems to have gained momentum with its entry into the non-fungible token (NFT) space. ACM (AC Milan) fan token holders will be rewarded with a limited number of NFTs dedicated to the key moment of Sunday’s match with Chiliz partner AS Roma. The Basic Attention Token (BAT), a token designed to fairly reward users for their attention and give advertisers a better return on their ad spend, rose 45 percent.
On the other hand, Audius’ AUDIO token, a decentralized music sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving anyone the freedom to distribute, monetize and publish any audio content, gained 26 percent.
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