In the ever-evolving landscape of cryptocurrency, three different crypto assets (TRUMP, MYRO, and UMA coin) have recently made headlines with notable price increases and significant developments. Let’s examine the details of each and examine the factors that have contributed to their recent success.
TRUMP, increased by 50 percent
The meme cryptocurrency, named after Donald Trump and aptly named TRUMP, has witnessed an impressive 50% increase in value on decentralized exchanges. This increase follows a statement from the former President and current Republican leadership candidate expressing his stance against central bank digital currencies (CBDCs). TRUMP’s market cap reached $39.81 million, with a liquidity pool of $1.57 million and a circulating supply of 46.50 million tokens across 3,540 accounts. The latest Dextool data reveals that the 24-hour trading volume of TRUMP tokens is $1.41 million.
Trump’s apparent rejection of CBDCs was announced during a campaign event in New Hampshire, where he vowed to never allow the creation of a central bank digital currency. Launched on August 11, 2023 under the banner “Make Crypto Great Again,” the TRUMP meme coin has surpassed the $30 million market cap milestone.
MYRO: Increased by 60 percent
Inspired by Solana founder Raj Gokal’s dog, MYRO has embarked on an extraordinary journey, recording a phenomenal growth of 460% since January 1, 2024. Despite an immediate 10% drop, the token quickly recovered and is up 60% more in the last 24 hours. With over 14,700 holders, MYRO has a market cap of $144 million, with the top ten holders owning more than 26% of the token’s total supply. The top 50 holders control almost half of all MYRO tokens, creating an interesting scenario in terms of token distribution. MYRO’s rise is closely tied to the success of the Solana ecosystem, which saw a 340% price increase last year, paving the way for growth across projects in its ecosystem.
There are critical expectations for UMA Coin
UMA, the native cryptocurrency of the Universal Market Access protocol, has experienced an impressive rally, gaining over 80% in the last 12 hours. Currently trading at $3.79 with a market cap of $283.5 million, UMA’s rise has led to $3 million in short liquidations in the last 24 hours. UMA’s strong network growth is evident as Total Value Secured (TVS) rises to over $774 million. The upcoming Oval launch is creating bullish momentum as developers express confidence in its ability to solve challenges in the decentralized finance (DeFi) industry.
Despite the volatility in the cryptocurrency market, UMA is poised for stability, as evidenced by its record total futures open interest of $47 million. Analysts predict that the minimum transaction price will be around $7.54 and the average transaction price will be around $9.43.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.