Popular cryptocurrencies such as Bitcoin or Ethereum are still in the spotlight, even though the market is red. Some tokens that are considered underdogs have seen a huge gain of 450 percent in the past 24 hours.
Bitcoin, Ethereum, and Dogecoin have all experienced high price volatility. Bitcoin fell more than 17 percent to $43,000, before regaining some of its losses and trading down to $46,000. Bitcoin had previously reached a session high at $52,948.
Bitcoin traded at close to $4,000. Ethereum traded for around $4,000. Dogecoin traded at $0.31 per token. Analysts believe that market volatility could be attributed to El Salvador’s legalization of Bitcoin, which affected users’ decision to purchase in anticipation and then sell it off.
At the time of writing, the underdog token Aqua Pig was listed on CoinmarketCap at $0.00000000001 and has risen more than 452 percent over the past 24 hours.
Aqua Pig, according to its website, was created out of a spirit “of community and coming together, in order to help each other navigate through the murky waters that the crypto world and have fun at all times!” It claims to be a community-led project that is transparent, open to criticism and open to suggestions.
According to its website, the project intends to create an AquaPIG exchange where only approved Binance Smart Chain(BSC) projects can directly be purchased from your phone using a credit/debitcard.
These are just a few of the lesser-known tokens that Coinmarketcap says have seen three-digit gains over the past 24 hours.
Gravitoken – Trading at $0.02263 has risen by 259 percent
Contracoin – Trading at $0.2663 has risen by 275 percent
Sishi Finance – Sishi Finance is trading at $1.74 up by 220 percent
Infinity Cake – Trading at $0.000000728787 is up by 16 percent
Strudel Finance – Trading at $0.2811 has risen by 155 percent
Simple Chain – Trade at $ 0.01777 up by 131 Percent