LUDOS Protocol (LUD) among Top Gainers in Past 24-hours 0 89

As the cryptocurrency industry is so trendy since the end of 2020, investors are looking for the most promising cryptocurrencies to invest their money in. This is where CoinMarketCap has been playing a very important role in sharing details of the highest gaining cryptocurrencies.

The investors can refer to these cryptocurrencies and decide which asset they would like to or prefer to go with. However, there is also a possibility that these cryptocurrencies have already grown as much as they could. This would mean that these cryptocurrencies would no longer be profitable or offer any gains to investors.

In today’s market for top-gainers, the highest0 performing cryptocurrency in the past 24-hours is Ludos Protocol (LUD). LUD has been launched as a gaming protocol through the decentralized finance sector and aims to create more demand and adoption rates for decentralized gaming.

The platform is offering several DApps for the developer and it is also aiming to come up with a toolbox that will be very essential for game developers. It is also going to offer an incentivized gaming ecosystem.

The data from TradingView shows that when LUD was launched back on August 11, 2020, its initial price was $0.000198800. From August 11, 2020, to April 6, 2021, LUD experienced 502.67% growth in its unit price, coming all the way up to $0.000999300.

The figure of $0.000999300 is the all-time high LUD has achieved ever since its launch. After April 6, 2021, LUD’s price went down and revolved around an average figure of $0.000213766 per LUD.

However, the month of November has again brought LUD back into the market. The CoinMarketCap growth graph for LUD shows exactly how the gaming token has arisen from ashes once again.

The graph shows that on July 25, 2021, LUD experienced its all-time low of $0.000039640 per LUD, plummeting by 2520.94% since its April 6 all-time high. However, on November 7, 2021, LUD made its comeback gaining 2442.48% in value, coming all the way up to $0.000968200.

Since then, LUD’s price has plummeted from November 7 until November 28 because of the overall cryptocurrency market’s demise. However, in the past 24-hours, LUD’s price has surged by 534.63%, bringing its price all the way up to $0.001339.

This means that since November 7, LUD’s price has surged by 138.30%. This is a great demonstration by LUD in terms of its price and growth. When it comes to LUD’s trading volume in the past 24-hours, it is at $231,633, which has grown by 2224.10% in the same period.

Being a gaming token will prove to be highly favorable for LUD as the gaming tokens are gaining a lot of public interest and adoption. According to data from TradingView, LUD will continue experiencing a rally and it will hit a price of $0.002015 by the end of December 2021.

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Paytm Founder Believes Crypto is Here to Stay 0 83

One of the most prominent digital payment companies based in India is Paytm and its founder recently shared his views about the cryptocurrency space. He appears to be quite positive about crypto and notes that it is here to stay. As a matter of fact, he thinks that crypto will become a mainstream technology in a couple of years. The Indian Chamber of Commerce (ICC) organized a virtual conference on Thursday that provided Vijay Shekhar Sharma the opportunity to speak. Paytm’s founder said that cryptocurrency will stay and is the answer Silicon Valley has to Wall Street. 

A multinational technology company, Paytm is based in India and specializes in digital payments. Last week, the company completed its Initial Public Offering (IPO). Paytm disclosed in its IPO filing that its total number of registered users has reached an impressive 337 million and is dealing with 22 million merchants. Sharma opined that he was very positive about cryptocurrencies because they are based on cryptography and in a couple of years, they would also become a mainstream technology very much like the internet that has now become a part of our daily lives. The Paytm founder did admit that currently, people were only using crypto as a means of speculation.

He elaborated that right now, every government appears to be confused about cryptocurrency, but in a time span of five years, crypto would become mainstream technology. Sharma thinks that people will come to see what the world will be like without crypt. But, he was quick to add that this doesn’t imply that digital currency would actually replace sovereign currencies, such as the Indian rupee. The Paytm founder also added that once his company’s revenue goes past the $1 billion thresholds, he will launch the service in some developed countries as well. 

Currently, he said that Paytm was running the largest payments system in Japan in a JV, but they would go without a partner later on. The Chief Financial Officer (CFO) of Paytm, Madhur Deora had said early this month that his company was considering offering bitcoin services to people, if cryptocurrencies are to be legalized in India. However, this does not seem to be likely any time soon because the Indian government has certainly not taken a positive stance towards these crypto assets. As a matter of fact, the government recently made headlines as it is pushing for crypto legislation in the country and not the good kind.

It is expected that a crypto bill will be introduced and passed in the parliament’s winter session that will begin next week. The purpose of the bill is to impose a ban on private cryptocurrencies, but there are expected to be some exceptions. But, since the bill has not been published, it is not clear as to what kind of exceptions will be applicable. There have been conflicting reports and debates, as some people believe that it just might legalize a few cryptocurrencies, while others believe it will ban them completely in favor of the digital rupee to be introduced by the Reserve Bank of India (RBI). 

MELT, GTC, PAL, and more Cryptocurrencies among Highest Gainers in Past 24-hours 0 87

In the list of highest gaining cryptocurrencies, the cryptocurrency on the top is Defrost Finance (MELT). In the past 24-hours, MELT has observed a 192.83% surge in its price, surging it all the way up to $11.97 per MELT. Similar to the price surge in the past 24-hours, MELT’s trading volume in the past 24-hours has increased to $1,177,520. MELT is currently the 3220th largest cryptocurrency in the crypto-verse in terms of its $1,401,512 market valuation.

The next cryptocurrency coming after Defrost Finance is Gitcoin (GTC). In the past 24-hours, GTC has observed a 171.08% surge in its price, surging it all the way up to $25.56 per GTC. Similar to the price surge in the past 24-hours, GTC’s trading volume in the past 24-hours has increased to $1,199,791,917. GTC is currently the 264th largest cryptocurrency in the crypto-verse in terms of its $363,625,405 market valuation.

The next cryptocurrency coming after Gitcoin is PlayAndLike (PAL). In the past 24-hours, PAL has observed a 168.43% surge in its price, surging it all the way up to $0.0000016 per PAL. Similar to the price surge in the past 24-hours, PAL’s trading volume in the past 24-hours has increased to $52,540. PAL is currently the 4780th largest cryptocurrency in the crypto-verse in terms of its $144,015,382,197 market valuation.

The next cryptocurrency coming after PlayAndLike is Elonomics ($ELONOM). In the past 24-hours, $ELONOM has observed a 131.06% surge in its price, surging it all the way up to $0.02629 per $ELONOM. Similar to the price surge in the past 24-hours, $ELONOM’s trading volume in the past 24-hours has increased to $212,424. $ELONOM is currently the 3934th largest cryptocurrency in the crypto-verse in terms of its $26,633 market valuation.

The next cryptocurrency coming after Elonomics is ICE ROCK MINING (ROCK2). In the past 24-hours, ROCK2 has observed an 85.68% surge in its price, surging it all the way up to $0.01744 per ROCK2. Similar to the price surge in the past 24-hours, ROCK2’s trading volume in the past 24-hours has increased to $67,982. ROCK2 is currently the 2229th largest cryptocurrency in the crypto-verse in terms of its $274,300 market valuation.

The next cryptocurrency coming after ICE ROCK MINING is India Coin (INDIA). In the past 24-hours, INDIA has observed a 128.93% surge in its price, surging it all the way up to $0.0000006419 per INDIA. Similar to the price surge in the past 24-hours, INDIA’s trading volume in the past 24-hours has increased to $452,332. INDIA is currently the 3571st largest cryptocurrency in the crypto-verse in terms of its $3,975,380 market valuation.

Even more cryptocurrencies are joining the ranks of top gainers and among these cryptocurrencies are KING, ALLBI, HIKO, and many more.

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