The market has not recovered in the last seven days. On the contrary – he saw more losses. In its current form, the Bitcoin price is expected to drop for the 9th week in a row. Meanwhile, there were increases in the metaverse, meme and web3 coin area. Here are the ones that gained the most value in the last 24 hours…
5 metaverse and web3 coins rose
First of all, looking at the price movements of metaverse coin projects, there are three altcoins that gained more than 9 percent. First of all, GameX (GMX) gained 9.6 percent. The subsequent StarSharks SEA (SEA) rose 9.4 percent. Finally, Benzene (BZN) experienced an increase of 9.2 percent.
Among the Web3 coins, only CUDOS (CUDOS) and DODO (DODO) gained value. CUDOS, which powers a decentralized computing network, rose 11.59 percent. DODO, a unique proactive market maker (PMM) algorithm, a DeFi protocol and on-chain liquidity provider that aims to offer better liquidity and price stability than automated market makers (AMM), is 10.51 percent.
Meme coins have increased
Among meme coins, one altcoin in particular attracted attention with its increase of over 250 percent. Shiba Phantom (SHIBA) gained 281.8 percent. Following Shibavax (SHIBX) rose 15.2 percent and YetiCoin (YETIC) rose 14.1 percent. Most recently, Kuma Inu (KUMA) gained 11.5 percent.
What is the latest situation in the market?
As we have reported as Kriptokoin.com, there is an event that will mark a first for Bitcoin. The price of BTC continues to decline for what seems likely to be the 9th week in a row. There are still a few more hours when things could turn the other way, but looking at the past few days, the uptrend seems like a less likely scenario. At the time of this writing, the price of BTC, the largest cryptocurrency by market cap, is up 0.6 percent on a daily basis, but is trading around $29,000, down 1.3 percent on a weekly basis. It’s been seven days, full of sideways movements and slow declines, that smashed the market.
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