From the LBank blog.
The world’s first decentralised cryptocurrency Bitcoin records a 2.94% jump in the past 24-hours and now trades at $41,314.30. Presently, both BTC and Ethereum (ETH) are witnessing a price correction in the last hours even as the Russia-Ukraine situation worsens.
While BTC and ETH ascend in price in the rising inflation of the world powers — U.S and U.K, Kunci (KUNCI), Zebec Protocol (ZBC), veDAO (WEVE), Meta Ruffy (MR), and Wojak Finance (WOJ) are also basking in the euphoria of the green trends as seen on LBank top gainers’ list.
These cryptocurrencies have already started to rally as KUNCI’s price changes to $0.330609, representing a 47.41% rise. Kunci is building the next generation blockchain for mass adoption, born to support NFT Marketplace, Metaverse, Decentralise Finance (DeFi), and retail penetration.
ZBC, a revolutionary DeFi technology that empowers real-time, frictionless and continuous streams of payments is also doing well in the past 24-hours with an increase of 28.81% at the time of writing. In the last hours, its price keeps moving between $0.050249 to $0.062898, an indication of strong resistance to push towards cancelling yet another zero in no time.
Another altcoin rising significantly is WEVE, steadily rolling to $0.01637. The Fantom-backed token is up 26.80% as it continues to show promising gains. Knowns as veDAO, the team behind the project say that WEVE is an experiment with a single purpose to capture enough TVL to qualify as a top 20 project on Fantom, meeting the snapshot requirements to receive one of Andre Cronje’s ve3 NFTs.
It’s good to see some of the established cryptocurrencies like BTC and ETH recover. New entrants such as Meta Ruffy (MR), and Wojak Finance (WOJ) are also surging. We expect a long upward trend in the weeks to come.
The cryptocurrencies markets are seeing a general uptrend. While the averages are still consolidating, some altcoins are doing well. Kunci (KUNCI) has seen the strongest gains in the past 24-hours. In price action, this suggests that bulls are fighting back against the bear as they try to pull back and climb higher.
This is generally a good sign that there is serious buying taking place on the top crypto exchange LBank. Who says that the crypto winter has to last for a long time? Not everyone has to suffer from the downtrend and LBank crypto exchange currently provides a glimpse of hope for a crypto market where altcoins lead the charge.
This article came directly from the LBank blog, found on https://medium.com/lbank/btc-eth-rallies-while-kunci-zbc-weve-and-mr-prices-surge-156981c20fc6?source=rss—-69b5b1a654b1—4