Bitcoin surged 1% in the last 24 hours, while altcoins rose rapidly on Tuesday. Three altcoins in particular attracted the attention of social media as well as their rise. Well, what were the reasons behind this interest in social media? Here are the details and the latest developments…
Three altcoins attracted attention: The first is Enzyme
The first altcoin in the center of attention was Enzyme (MLN). MLN is a token of a project focused on allowing people to create and scale their preferred investment strategies. Previously the project was known as Melon. On Monday, Enzyme announced that Yearn Vaults is available on the Enzyme platform – which, according to the project, will open yield farming strategies for portfolio managers in the Enzyme app.
Cryptocurrency was featured on CoinMarketCap and CoinGecko’s trending coins list. In addition, Cryptocoin. com, MLN has recently started to process on Coinbase’s Pro platform. Enzyme is trading at $104.3 at the time of writing and is up 52.8 percent in the last 7 days.
Two other cryptocurrencies in the focus of social media: SHIB and KCS
Shiba Inu (SHIB) is a chest token with the goal of emerging as a “Dogecoin killer”. The project, on Monday, is shopping for SHIB holders’ money. io platform announced that they can spend at Amazon, eBay and Walmart stores. SHIB was ahead of both DOGE and Bitcoin in terms of retweets and favorites on Twitter, according to Cointrendz. It became the most mentioned cryptocurrency on Twitter Monday. It’s on the list today. SHIB is up 5.1% in the last 24 hours.
Finally, KuCoin Token (KCS) is coming. It is the token of KuCoin, a cryptocurrency trading platform that calls itself the “people’s exchange”. KCS is running a token burning process that will reduce the total supply of KCS from the initial supply of 200 million to 100 million. Over the weekend, the project announced that it was offering 500 USDT to those watching the EURO2020 football championships. KuCoin briefly trended on Stocktwits on Monday night. KCS has experienced a 32.6% increase at the time of writing.
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