Bitcoin has been trading at $61,183 without major change in the last 24 hours, while Ethereum has risen above $4,100. However, both are trading below the all-time high (ATH) they reached recently. While there was no big change in big coins such as BNB and ADA, the star of today was undoubtedly Shiba Inu (SHIB). Cryptocoin. com
As , we will be examining the most rising altcoin projects, which are in the top 100 with their market value, especially SHIB…
Popular altcoin SHIB takes flight
The highest rise in the last 24 hours was the popular meme coin Shiba Inu. The price of the Shiba Inu (SHIB) rose 38.96 percent to hit an all-time high. SHIB set a new record above $0.000039 on October 24 after rumors that the meme-coin might be listed on Robinhood. Additionally, the token has been added to another popular app called Public. Also, Novadax, one of Brazil’s largest exchanges, listed SHIB just a few days ago.
The team behind the project joined the NFT craze last week by announcing their plans to release a digital collection of 10,000 pieces. Google Trends data also showed that worldwide interest peaked in several months at the beginning of October. Demand for SHIB increased as wallet addresses rose nearly 10 percent in two weeks. As a result of the price increase, its market cap also exceeded $19 billion, placing the coin in the eleventh place.
Curve Finance’s CRV token, which provides DEX services for stablecoins using automated market makers, followed SHIB with a 17.15 percent increase in value. Following Curve, the ONE token of Harmony, a network focused on dApps, rose 11.8%. Looking at the developments on the network, recently ONE/USDC pair, Crypto. listed on com.
NEXO, ZEC and MINA continued their rise
NEXO, the local token of lending platform Nexo, which offers crypto loans to users, increased by 10.09 percent when locked on the platform, which provides users with advantages such as interest discounts on loans and the opportunity to receive interest payments on deposited funds. Nexo recently announced that it provides a 17 percent return if Polkadot is purchased on the platform.
Zcash (ZEC), a decentralized cryptocurrency focused on privacy and anonymity, gained 10.08 percent. Finally, the MINA token of Mina Protocol, a blockchain focused on the efficiency of dApps, gained 8.82 percent. Zcash and Mina Protocol; It uses a technology called zk-SNARK, which ensures that nodes on the network do not disclose sensitive information.