Bitcoin’s price has dropped below its 2017 high of $20,000. The market is also trading amid ongoing challenges. Meanwhile, various metaverse, web3 and meme coin projects gained in value. Here are the top rising ones…
The value of 7 meme coins has increased
As we have reported as Kriptokoin.com , Bitcoin has been in trouble for a while. Today, for the first time since December 2020, the price of BTC traded below $20,000 on Binance. It is currently changing hands at $19,282, down 8.7 percent. This comes after a broader market pullback where all cryptocurrencies are trading in the red. The overall crypto market cap has dropped below $1 trillion. Currently, it stands at $880 billion. This also accelerated the liquidation of futures contracts. The mass liquidation value in the last 24 hours has exceeded $125 million.
Meanwhile, the value of 7 meme coins increased in the same period. The top rising meme coin was LiteDoge (LDOGE) with 84.3 percent. Next came CumRocket (CUMMIES) with 42.8 percent. ElonDoge.io (EDOGE) gained 30.4 percent, while Kitty Coin Solana (KITTY) gained 14.4 percent. Phantom Doge (RIP) was up 5 percent and JejuDoge (JEJUDOGE) was up 4.9 percent. Finally, Swole Doge (SWOLE) recorded a slight increase in value. We don’t know the reasons behind the rise of these meme coins. Many of them have not used their social media accounts for months. In other words, it is worth noting that such unreasonably rising coins may again fall for no reason. We recommend that investors invest in line with their own research.
These metaverse and web3 coin projects are on the rise
Looking at the Web3 coin space, it can be seen that Litentry (LIT) and NKN (NKN) are gaining in value. LIT is up 13.5 percent in the last 24 hours. The cryptocurrency offers identity service for Spirit NFT, a new collection of NFTs. NKN, on the other hand, experienced an increase of 6.15 percent. NKN is an open source protocol for public blockchain-based peer-to-peer networks to share network bandwidth and internet connection.
In the metaverses, the coin that rose the most was VIBE (VIBE). The VIBE rose 39 percent. After VIBE, GameX (GMX) gained 12.6 percent. GameX is an innovative project founded by avid gamers around the world with the mission to develop exciting 3D and VR games on the Blockchain, including the Play 2 Earn mechanism and in-game NFT rarity integration.
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