Ethereum Classic (ETC), Loopring (LRC) and Terra (LUNA) along with the popular prank currency Shiba Inu (SHIB) have all turned their heads north in the past 24 hours, making their investors happy.
As the cryptocurrency market continues to rise, Shiba Inu (SHIB), Ethereum Classic (ETC), Loopring (LRC) and Terra (LUNA) continue to outperform the leading cryptocurrencies.
Shiba Inu Keeps Rising
Popular prank currency Shiba Inu is up over 20% this week. While these gains are certainly not a big deal for meme coin enthusiasts, they do help the cryptocurrency stand out among other major altcoins amid anemic price action. However, despite these increases, the SHIB price is still trading 72.37% below the all-time high recorded on October 28. Despite these sharp declines in joke currencies, AMC Theaters, the world's number one movie chain, announced last week that it has added support for Shiba Inu and its largest joke currency, Dogecoin. As of the time of writing the content, Shiba Inu (SHIB) continues to trade at $0.000023 with a 4% increase in the last 24 hours, according to CoinMarketCap data.
Ethereum Classic Becomes the Star of the Day
Ethereum Classic (ETC), a controversial Ethereum hard fork created after the 2016 DAO hack, has attracted attention. So much so that the popular cryptocurrency surged more than 22% in 24 hours, and CoinMarketCap outpaced the top 100 cryptocurrencies.
Loopring and Terra
After Ethereum Classic, Loopring (LRC) was the most rising cryptocurrency of the day. The popular altcoin has increased by 15% in the last 24 hours, taking the second place in the list of cryptocurrencies with the highest increase. Terra (LUNA) experienced a 5.61% increase over the same period. However, Ethereum, XRP, Avalanche, Dogecoin and Solana failed to make large price movements during the day.
Bitcoin, the world's largest cryptocurrency in terms of market value, continues to trade at $ 41,700 with an increase of 0.28% in the last 24 hours.