Bitcoin (BTC) deepens the pullback by almost falling below $56,000, while cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), Solana (SOL), Cardano (ADA) are also trading from the red board. Meanwhile, 7 altcoins surged on a 24-hour scale. Cryptocoin. com we will be reviewing them…
The most rising altcoin project of the day: The Sandbox (SAND)
Today, The Sandbox (SAND) seems to have risen the most among the top 100 cryptos by market cap. SAND gained more than 30 percent in value. The Sandbox is a blockchain-based virtual world that allows users to create, build, buy and sell digital assets in the form of a game. Yesterday, The Sandbox tweeted that hinting at a partnership with Adidas.
Second, the most appreciated coin was Amp (AMP). AMP rose 27.17 percent with the listing news of Binance, the world’s largest cryptocurrency exchange by trading volume. On the other hand, Elrond’s EGLD token rose 20 percent, which recently announced a $1.29 billion incentive program to help attract users and liquidity to the decentralized finance ecosystem.
ENJ, CRO, QNT were also among the highest risers
Enjin Coin (ENJ), which comes after Elrond, gained 10.06 percent. Enjin is a protocol that runs on the Ethereum (ETH) network and focuses on the creation of blockchain-based gaming and NFTs. In November, ENJ’s rising power comes as the Enjin ecosystem aims to provide a place for cross-chain metaverse project Efinity as a Polkadot parachain.
Crypto, the fifth most increased coin. com Coin (CRO) was up 10.03 percent. The marketing department behind the Singapore-based cryptocurrency exchange announced that it has decided to allocate $700 million from the NBA to buy the naming rights to the stadium where the Los Angeles Lakers play. After this development, Crypto. com and CRO are under the spotlight.
The sixth coin to rise the most was Quant (QNT). Quant is a project that connects blockchains and networks on a global scale without reducing the efficiency and interoperability of the network. The altcoin of the project was recently listed on one of the popular exchanges, Gemini. Finally, Decentraland (MANA), which has gained 8.72 percent, continues its momentum as a result of the price increase seen in most of the game and metaverse tokens.