Over the past 24 hours, the price loss of Bitcoin and altcoins has deepened even more. Meanwhile, some web3 and meme coin projects gained value. In this article, we will share the top ones. Here are the details…
The value of 5 meme coins has increased
Bitcoin dropped to $18,000, making it clear that it had lost the important $20,000. Meanwhile, various altcoins gained in value. First of all, if we look at meme coins, YetiCoin (YETIC) stands out with 37.5 percent. In particular, YetiCoin, which aims to combine crypto and fitness, has been attracting attention lately with its “Yet Gym Bruh” NFTs. With this NFT, users can monitor workouts and record their progress. You can also access the community message board and join the leaderboards.
After YETIC, Cake Monster (MONSTA) emerges with a 17.9 percent increase. MONSTA is celebrating its first year today, as we have previously reported as Kriptokoin.com. That’s why it carries out burning events. Burning a coin reduces its supply. Thus, cryptocurrency becomes rarer. This situation is generally expected to increase the price. MONSTA also shared their new NFT collection.
Kitty Coin Solana (KITTY) is among the coins that gained the most value after YETIC and MONSTA. KITTY gained 16.3 percent. HotDoge (HOTDOGE) rose 11.7 percent, while Phantom Doge (RIP) gained 5.6 percent.
One of the Web3 coin projects stood out
If we look at the web3 space after meme coins, we see that only one coin has seen a significant increase. This coin becomes Litentry (LIT). LIT has gained over 30 percent over the past day. This increase is unfortunately a rate that we have not seen in the last week in the crypto space. LIT has recently partnered with Phala World’s Spirit NFT collection to provide identity service for them.
Litentry already provides a decentralized authentication and user activity data management infrastructure. Litentry includes an identity-based network and related tools. It includes an identity matching and identification mechanism. It consists of the decentralized identity and user activity data management infrastructure as a whole.
Latest situation in the market: BTC and ETH are melting
Crypto investors have been going through tough times since the beginning of the Russia-Ukraine war. However, the situation has become dire especially in the last few weeks. On June 19, 2022, Bitcoin, the largest cryptocurrency, dropped to $18,000. It fell over 70 percent lower than its peak price in November 2021. It has dropped over 7 percent in the last 24 hours alone. Other cryptocurrencies such as Ethereum, Cardano, Avalanche, and Dogecoin also suffered significant losses.
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