With Bitcoin (BTC) falling below the $60,000 level again, many cryptocurrencies such as Ethereum and XRP also fell. The total value of the cryptocurrency market was over $3 trillion in the past days, while at the time of writing it stands at $2.71 trillion. Despite this general feeling in the market, there are also altcoin projects that are on the rise. Cryptocoin. com
As , we are sharing the 6 altcoins that are in the top 100 with their market capitalization and the highest rising…
Popular altcoin SAND gains momentum with the announcement of the new event
The biggest winner of the day was The Sandbox (SAND), which was on the rise with the metaverse craze. SAND is up 27 percent in the last 24 hours. Animoca Brands’ virtual property and games firm The Sandbox has announced that it will open part of its Metaverse to gamers for the first time through a multi-week play-to-win (P2E) Alpha event. Sandbox’s virtual game world allows users to monetize their time in Metaverse through a win-win model. Players can purchase land and create NFTs in-game, and earn Sandbox tokens (SAND) by completing various missions. They can also stake the token. According to the company’s announcement dated November 17, the event will start on November 29 at 16:00 and will continue until December 20.
The second highest rising altcoin was WAX (WAXP). The WAX Blockchain has also been opened to the NFT domain, and on November 18, the NFT collection of the famous anonymous artist named “Chris (Simpsons artist)” will come to the WAX network. WAXP was up 9.22 percent.
The third most rising coin was the MANA token of Decentraland, which is also a metaverse project. MANA gained 8.39 percent. Decentraland came to the fore by partnering with the country for Barbados’ first metaverse embassy.
CRV, LEO and AVAX gained value
In fourth place is Curve’s Curve DAO Token (CRV), a decentralized exchange for stablecoins that uses an automated market maker to manage liquidity. CRV gained 8.25 percent. The fifth most rising coin was UNUS SED LEO (LEO), which belongs to the iFinex ecosystem. LEO rose 6.96 percent.
Finally, the AVAX token of Avalanche, the first layer Blockchain built for decentralized applications and private Blockchain networks, has risen. Ava Labs, behind Avalanche, recently partnered with Deloitte. Deloitte will enable a new disaster recovery platform that uses the Avalanche Blockchain to help state and local governments easily demonstrate their eligibility for federal emergency funding.