Bitcoin (BTC) fell to worse levels, falling below the $20,000 level. Most altcoins are also in the red today. However, 6 meme coins, 2 metaverse coins and a web3 coin gained value. Here are the details…
6 memes coin bounce
Among the meme coins, DogeGF (DOGEGF) was the coin that had the highest rise in the last 24 hours. DOGEGF gained 43.6% in value. Subsequently, Shibaken Finance (SHIBAKEN) rose 20 percent. Meme Inu (MEME) gained 18.5 percent, while SpookyShiba (SPOKYSHIBA) gained 15 percent. Floki Inu (FLOKI) rose 12.3 percent and Baby Doge Coin (BABYDOGE) rose 10.5 percent.
Price increase in 3 metaverse coin projects
In the metaverse area, the two coins increased at close rates. The most increasing metaverse coin in the past 24 hours was Decentraland Games ICE (ICE). ICE was up 13.2 percent. Then came The Sandbox (SAND), one of the most well-known metaverse projects. SAND gained 13 percent. cryptocoin.comAs we have also reported, The Sandbox gained value over the past week due to some rumors.
The Sandbox has become one of the top Metaverse cryptocurrencies to consider this year. Its latest rally came just days after Microsoft and Meta, among other tech giants, announced the founding of the “Metaverse Standards Forum”. On Sunday, Sandbox co-founder and COO Sebastien Borget responded to the prospect of Meta acquiring a virtual metaverse like The Sandbox, saying, “Something like this will never happen.”
A web3 coin rose in value
In the Web3 space, the top coin was Arweave (AR). AR has seen a surge of over 20 percent. Arweave is a decentralized storage network that aims to provide a platform for storing data indefinitely. It describes itself as “a collectively owned hard drive that never forgets”. The Arweave network uses a native cryptocurrency, AR, to store network information indefinitely and pay “miners”. The project was first announced as Archain in August 2017. later renamed Arweave in February 2018. It was officially released in June 2018.
Arweave has recently started to gain attention in China. He used Blockchain to record indelible moments of the COVID-19 pandemic for many Chinese citizens. In March 2020, Arweave raised $8 million in funding from Andreessen Horowitz, Coinbase Ventures and Union Square to help fight the government’s pandemic censorship.
