As Bitcoin regains the $43,000 region, the top 10 nominations of meme coin projects are under discussion. On Tuesday, the cryptocurrency market was on the rise after Fed Chairman Jerome Powell’s statements. With BTC adding more than $900 in value, DOGE responded with a drop of 4.20% and SHIB up 5%. In this post, let’s take a look at what’s going on with the Shiba Hunter (SHUNT), which has skyrocketed more than 4,600% in the same period.
Meme coin boom of the day: Shiba Hunter (SHUNT)
Shiba Hunter (SHUNT) is up 4,600% in the last 24 hours and is trading at $0.00000001711 at the time of writing, according to data from CoinMarketCap. The meme token has gained more than 1.380% against Bitcoin and more than 1,340% against Ethereum. For comparison, Dogecoin has lost more than 4% in the last 24 hours and is trading at $0.1558 at the time of writing. The self-described “Dogecoin killer” Shiba Inu rose almost 5% to $0.1558 in the 24-hour period.
Why did the Shiba Hunter (SHUNT) rise?
Shiba Hunter describes itself as a character-based animation game that allows players to earn an income while enjoying playing video games. The game is scheduled to be released in February. The meme token, which can be purchased through PancakesSap, announced on Twitter that it was newly listed on CoinMarketCap and CoinGecko. According to CMC data, SHUNT reaches 4,600% gains in the last 24 hours after listing.
cryptocoin.com As we reported, the crypto market has been on the rise after Fed Chairman Jerome Powell announced that asset purchases will be terminated in March this year and that the law on cryptocurrencies is in preparation. This momentum is currently consolidating in the areas of $43,000 in BTC to $3,200 in ETH, with Cardano (ADA) and Terra (LUNA) rising 8%, with the top 10 altcoins averaging 5%.
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