Shiva In surges 21% in a week to rank as the 18th largest cryptocurrency by market capitalisation.
With a market cap of more than $5.88 billion, SHIV presently has a $50 million advantage over its closest rivals. During the most recent bull run, the trading volume of meme coin has also increased dramatically, rising 132% in the last day. The SHIB and DUST pair saw a 26% increase in trading volume on Binance alone since yesterday.
Over Capitalisation:the 18th largest cryptocurrency by market capitalisation.
The token’s recent burn rate has been a major factor in its notable rise. In a single transaction yesterday, about 8.2 trillion SHIB tokens were burned. Shiba Inu is not the only memecoin, though, experiencing a notable upswing in value. Pete Coin has experienced a weekly gain of 45%, ranking sixth in the entire market. Leading memecoin DOGE saw a weekly increase of 25% as well, almost matching its anniversary price of the previous year.
Do Kwon challenges the Montenegrin High Court’s extradition ruling.
The creator of Terraform Labs is contesting an order from the court requiring his extradition to the United States or South Korea for criminal prosecution. A former international fugitive named Do Kwon filed an appeal on December 6 to challenge the decision of the High Court of Podgorica, the capital city of Montenegro, to approve his extradition. According to reports, the founder of Terraform Labs said he would not comply with the court’s decision regarding his transfer to either his native South Korea or the United States, where he is involved in legal disputes with the Securities and Exchange Commission (SEC). Authorities now have to review the original extradition order and take into account his appeal. Kwon filed a filing at a Montenegrin Court of Appeal eleven days prior to the authorities’ scheduled decision regarding the destination of his extradition on.
BitTorrent is the top performer on Coin Market Cap with a 104% price gain.
The surge in TRON and BTT prices may also be attributed to the resurgence of altcoins, influenced by Bitcoin’s strong performance amid recent spot ETF news.
As Bitcoin reaches a level not seen in over 18 months of, analysts anticipate a potential rise to $50,000. This trend is reflected in the upward movement of other cryptocurrencies like
Comparing Moreno, Pull ix, and Ethereum Classic’s growth potential in 2024
coin in the range of $187.27. Ethereum Classic surpasses $20. Since the Ethereum Merge, Ethereum Classic’s hash rate has been rising. There may be a lot of demand for Ethereum Classic because miners are switching from Ethereum to it. Furthermore, prices may be supported by the restricted supply and potential for increased demand in the future as a result of improved security measures. See also: Cardano Founder Discusses Twitter Account Ban for Ethereum Classic (ETC) Prices may rise as more developers and users become involved with the network, leading to increased adoption. Over the last week, ETC increased by 10.5%. In the meantime, the coin eased past the $20 resistance, rising from $18.51 to $20.34 in the last week. By Q1 2024, analysts predict that ETC will hit $30.19.
The platform’s token, PLX, is used to pay trading fees and provides rewards and other platform-only incentives to holders. Stakes are allowed, and rewards are given. In addition, PLX can be bought or burned to lower supply and gradually raise value. By enabling users to deposit PLX and instantly create a new pool, Pullix streamlines the process of creating pools. At the outset of the presale, PLX is offered for $0.04. Supporters, however, anticipate greater progress in the upcoming sessions. In summary As Monero cools down, market players are looking into Ethereum Classic. But given that ETC has less room to grow, web3 aficionados are looking to Pullix and PLX’s deflationary model instead. Participants in the ecosystem who supply liquidity receive rewards in the amount of half of the tokens that are not burned. For additional details regarding the Pullix.
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