In the cryptocurrency market, the effect of the recent rise seems to have diminished, albeit slightly. The leading cryptocurrency Bitcoin has dropped from its all-time high of over $67,000 to about $62,000 and has lost 3 percent in the last 24 hours. Coins such as ETH, BNB, and ADA also lost 1-2 percent. On the other hand, meme coins like DOGE and SHIB also fell. The former fell 1.8 percent and the latter 4.3 percent. So, what are today’s emerging altcoin projects? Cryptocoin. com we are reviewing…
RUNE has experienced a padollama with the effect of new developments
With coins such as Bitcoin, Ethereum, ADA and BNB gaining momentum in the past few days, the total value of the cryptocurrency market approached $2.8 trillion. However, with the effect of slight decreases seen today, this value has decreased to 2.65 trillion dollars. On the other hand, some altcoins gained in value.
When we look at the coins that are in the top 100 according to their market value and rise the most, THORChain (RUNE) is in the first place with 26.19%. THORChain is a decentralized liquidity protocol that allows users to easily exchange crypto assets across a variety of networks without losing full custody of their assets.
RUNE may have been bullish on the impact of THORSwap, the first multi-chain DEX (decentralized exchange) built on THORChain. THORSwap’s THOR token is in the process of IDO (initial DEX offering) and has been listed on major coin analysis sites like CoinGecko and CoinMarketCap over the past few years. On the other hand, according to LunarCrush, which analyzed Thorchain’s social and market activity, the network ranked first among 3,164 coins according to these metrics.
Popular altcoin projects SOL and NEXO also jumped
Second, Solana’s SOL token, which provides Solana decentralized finance (DeFi) solutions, has gained as much as 10 percent. The DeFi ecosystem on the Solana (SOL) Blockchain has seen the total value unlocked approach $13 billion, reaching an all-time high as more users switch to the network due to transaction speeds and lower fees. According to DeFi data aggregator DefiLlama, the total value locked in Solana Blockchain is currently $12.95 billion; Over $1 billion in cryptocurrencies are locked in a total of six projects.
Most recently, the NEXO token of Blockchain-based lending platform Nexo, which offers users cryptocurrency-backed loans, rose 8 percent. Users of the platform; It deposits a coin such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC) or XRP (XRP) as collateral to obtain a loan in the form of fiat currency or stablecoin.