Over the past week, Bitcoin and some altcoins have seen some upward movement. The bulls have managed to increase the overall cryptocurrency value. However, the bears took control once again and pushed Bitcoin below $30,000. Although the market is generally on the red board, metaverse, web3, and meme coin projects have seen an increase in value. Here are the details…
Bitcoin and other altcoins are falling
Bitcoin is struggling to maintain the $30,000 level and is currently trading just below that level. Earlier in the week, as we reported on cryptokoin.com, BTC was able to climb as high as $32,000, but sellers stepped in and pushed the price back to where it is now over the past few days. The overall market is also quite volatile, with some altcoins falling while others are trying to get ahead. DOGE stands out as the only cryptocurrency traded on the green board, with a 0.5 percent rise among the top 20 coins by market capitalization.
Solana became the biggest loser, with a decrease of 12.5 percent in seven days. This drop is thought to be related to another network outage. Meanwhile, Ethereum (ETH) dropped 2.4 percent, BNB 2.1 percent, XRP 2.9 percent, SOL 6.5 percent, DOT 4.2 percent, TRX 6.5 percent, AVAX 2.5 percent and SHIB 1.7 percent.
5 meme coins gained value
While the general market landscape is as above, some altcoins have increased. For example, the value of 5 meme coins has increased by over 10 percent over the past 24 hours. There is even a coin that has gained 60% in value. Hot Doge (HOTDOGE) became the most rising meme coin, gaining 59.5 percent. The subsequent Kitty Coin Solana (KITTY) gained 24 percent. Kitty Coin announced that 10 million KITTYs were burned the other day. Currently, the total supply has dropped to 530 million KITTY.
Shiba Predator (QOM) rose 18.9 percent while YetiCoin (YETIC) rose 18.9 percent It gained 18.5. Finally, HODL (HODL) gained 10.4 percent momentum. HODL introduced a new feature the other day. The team has announced the Stacking feature that it will claim will yield big returns for small investors who accumulate their rewards.
4 metaverse and web3 coin up
Metaverse and when we look at the web3 coin area, 4 altcoins stand out. Ocean Protocol and The Graph’s OCEAN and GRT tokens, which are projects focused on the Web3 space, gained 26.19 percent and 12.69 percent, respectively. The Graph held its Graph Day 2022 event during the past day. At this event, many innovations were announced for The Graph ecosystem, which may have had a positive impact on the price of GRT.
Metaverse coins are VIBE (VIBE) 15.3 percent. Doge (METADOGE) gained 8.5 percent.
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