The broader crypto market is booming over the weekend, with Bitcoin currently trading above $ 43,000, while Ether could soon exceed $ 3,400.
What is altcoin?
Altcoins is an abbreviation for alternative coins. This is a term used to describe all cryptocurrencies except Bitcoin. The term derives from the fact that coin is an alternative to Bitcoin, the world’s leading cryptocurrency.
Altcoins is an important component of the cryptocurrency market. There are several types of altcoins, including meme coins and stablecoins.
Trending unpopular altcoin
Twitter is probably the number one social media platform for crypto projects and their followers. The crypto community regularly discusses crypto projects on Twitter more than any other major social media platform.
There are many altcoins that are currently trending on Twitter. However, these are the top altcoins of the trend you have never heard of.
Marlin (POND)
Marlin (POND) is an open protocol designed to provide a high-performance programmable network infrastructure for Web3 and decentralized finance (DeFi) spaces. This project aims to ensure that the performance of applications protected via blockchain is the same as that of apps on Web 2.0.
The Marlin Network’s native token, POND, is used to manipulate validator nodes through staking, voting for governance proposals, and several other features.
A record of the “2021 MEV: A Year of Review” event is now available: https: //t.co/hQSXntutFB
thanks to @lvanseters Supragya Raj @wardbradt @hasufl For a great story ✨, and @wilburforce_ ((((@parsec_finance), EigenPhi, @MarlinProtocol & Data team for providing Flashbots data ☄️ https: //t.co/QUKKV3aDhC
— Alex (@ObadiaAlex) January 13, 2022
Merlin is currently trending after the end of last week’s Flashbots event. Marlin’s Supragya Raj made a good speech on Maximal Extractable Value (MEV) during the event.
POND has performed well over the last few hours. At the time of the press, POND was trading at $ 0.07296, up more than 10% in the last 24 hours. The 61 RSI indicates that if the rally persists, POND is currently heading for oversold areas. POND is also trading above the 50-day moving average of 0.05646.
SpookySwap (BOO)
SpookySwap is an Automated Market Making (AMM) Decentralized Exchange (DEX) hosted on the Fantom network. The team said it is focused on building a strong foundation through BOOK tokens as governance tokens. We are also committed to providing built-in bridges, built-in limit orders, and user-centered services.
SpookySwap is one of the most popular altcoins at the moment, thanks to the latest milestones. Earlier today, the SpookySwap ecosystem’s Locked Total Value (TVL) exceeded $ 1.8 billion for the first time.
$ 1.8 billion TVL!$ BOO Is on track to receive a large voting right by ve (3,3) @AndreCronjeTech !! pic.twitter.com/qqgiJ0lZ8O
— SpookySwap (@SpookySwap) January 16, 2022
As a result of this latest milestone, BOO has recovered over the past few hours. BOO is currently trading at $ 36.50 per token and has risen by more than 17% in the last 24 hours, making it one of the top performers on the market.
BOO’s technical indicators show that the coin is currently recovering from the recent slump. BOO is trading below the 50-day moving average of $ 37. The RSI of 45 shows that the BOO could get out of the oversold area and rise quickly.
METIS
Metis builds Metis Rollup, an easy-to-use, extensible, low-cost, fully functional Layer 2 framework. The L2 framework is designed to support the migration of applications and businesses from Web2 to Web3.
It’s a scalable protocol that currently supports many use cases, including the DeFi platform, non-fungible token (NFT) marketplace, open source developer community, freelancer community, crowdfunding, and yield farming.
Thanks to the latest milestones achieved by the team, METIS has been a trend over the past few hours. The Metis Token team announced that TVL reached $ 500 million about eight weeks after launching the Andromeda Layer 2 network.
gm CT!$ METIS In just eight weeks after the Andromeda Layer 2 network was launched, TVL reached $ 500 million.
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Introducing native and other stablecoinsFasten your seat belt. It’s just getting started. pic.twitter.com/LvwhHS8Sen
-Metis (@MetisDAO) January 16, 2022
METIS has risen 7% in the last 24 hours and is trading at $ 300. The METIS / USD daily chart shows that cryptocurrencies are currently bullish. The RSI of METIS is 61, indicating that it is possible to reach an overbought area soon. METIS is trading above the 50-day moving average of $ 215, showing a bullish trend.
