While major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) did not experience a big change in the last 24 hours, 5 altcoins gained momentum. Among those who have risen the most is the Shiba Inu (SHIB), which has bounced back after its massive drop in the past few days. Here are the details…
The most rising altcoin was Shiba Inu (SHIB)!
cryptocoin.com As we have also reported, the popular meme coin SHIB has experienced a huge sales wave in the past few days and recorded sharp declines. But it appears to have rebounded at the time of writing, up 22.4 percent in the last 24 hours. So what caused its rise? Coinbase, one of the largest cryptocurrency exchanges, announced that SHIB transactions are now open to users in New York. New Yorkers can now buy, sell and store SHIB.
The second most rising altcoin was Loopring (LRC). Loopring has been on users’ radar recently, with a more than 10 percent increase in the locked amount (TVL) on the platform. The price of LRC, the Ethereum-based token of the protocol designed for the creation of decentralized crypto exchanges, rose 18 percent. Third, OKEx’s OKB token, a popular exchange, rose 10.95 percent and hit an all-time high.
MANA and HNT continue to rise
Fourth, Decentraland (MANA), one of the coins that got its share of metaverse excitement, rose 9.83 percent. Decentraland, which allows users to create, experience and monetize content and applications; It is described as a virtual reality platform powered by the Ethereum Blockchain. Decentraland presented a virtual festival called Metaverse Festival yesterday. This festival was held through Kraken.
Another noteworthy coin was Helium (HNT). HNT rose 9.01 percent. Helium (HNT) is a decentralized, blockchain-powered network for Internet of Things (IoT) devices. The Helium mainnet allows low-power wireless devices to communicate with each other and send data over the node network. Helium held a $111 million token sale this year led by some of the biggest companies in the blockchain industry, fueled by increased interest in 5G devices.
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