- ENS surged 42.6%, briefly hitting $20.90 with trading volume soaring 470.95% to $121 million.
- Pyth Network jumped 25.8%, reaching $0.4956, fueled by the launch of the innovative USD/USD price feed.
- METIS soared 28.3% to $76.73, driven by the introduction of Phase 2 of the Metis Decentralized Sequencer.
On May 21, 2024, the crypto market was dominated by green as almost all assets experienced a price increase. Today, Bitcoin was recorded to have risen 5.76% while Ethereum jumped quite high, specifically by 18.15% in the last 24 hours. Amid unexpected market fluctuations, these 4 cryptocurrencies showed significant price increases. From ENS to the BONK memecoin, there is a reason behind this increase.
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Ethereum Name Service (ENS)
ENS rose 42.6% in 24 hours and briefly touched $20.90. Ethereum Name Service’s market cap stands at around $576 million, with a trading volume of $121 million, registering a 470.95% surge within 24 hours.
Pyth Network (PYTH)
PYTH price recorded a jump of 25.8% in the last 24 hours and touched the price of $0.4956. At the time of writing, Pyth Network’s market capitalization stands at around $1.7 billion with trading volume touching $681 million registering an increase of 169.49% in the last 24 hours.
Apart from the overall price increase, the increase in PYTH value occurred after the launch of the new USD/USD price feed. This innovative price feed was designed specifically for lisUSD, a decentralized and unbiased stablecoin, and can now be accessed on more than 55 blockchains.
Metis (METIS)
The price of METIS was recorded to have risen 28.3% within 24 hours and reached a price of $76.73. Metis’ market capitalization stands at around $424 million with trading volume touching $61 million, registering a significant rise of 885.63% in the last 24 hours.
In April 2024, Metis launched Phase 2 of the Metis Decentralized Sequencer, which introduced several improvements aimed at increasing network incentives and participation. Among other positive changes, Phase 2 of the Sequencer Decentralization upgrade introduces the most anticipated feature to date for Layer 2 networks: Sequencer Mining.
Bonk (BONK)
Being one of the crypto assets that rose today, the BONK meme coin was recorded to have risen 18.8% within 24 hours and touched a price of $0.00003105. Bonk’s (BONK) trading volume was US$790 million in the last 24 hours, which represents a 67.90% increase from one day ago and marks an uptick in market activity. As of now, Bonk boasts a market cap of approximately $2 billion. BONK is a dog-themed meme coin propelled on the Solana (SOL) blockchain.
All in all, the future of ENS, PYTH, METIS, and BONK looks promising. ENS enhances community engagement with new collaborations. PYTH’s USD/USD price feed expands its multi-blockchain influence.
Metis revolutionizes Layer 2 solutions with its Decentralized Sequencer. BONK, a vibrant Solana meme coin, grows in appeal and market cap. These cryptocurrencies are carving out distinct niches in the evolving crypto landscape.
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