These 3 Altcoins Have Made a Leap!

These 3 altcoins have made a leap! Waves (WAVES), Ethereum Classic (ETC), and Universal Market Access (UMA) entered the Top 100.

While the value of the global cryptocurrency market has reached up to $ 1.47 trillion, among the top 100 cryptocurrencies by market capitalization in the last 24 hours, the altcoin projects named Waves (WAVES), Ethereum Classic (ETC) and Universal Market Access (UMA) have been the winners.

3 Altcoins Shined

Waves, which gained 17 percent in the last 24 hours, became the highest gaining altcoin of the day. UMA and ETC also gained 15 percent, respectively, in the same period. ETC, a cryptocurrency that emerged after the hard fork of the ETH blockchain, was one of the biggest winners, gaining 37.93 percent in value just last week, reaching $61.25. Ethereum Classic seems to owe this rise to the announcement of the Magneto update. This release will cover Ethereum's Berlin update capabilities, according to Stevan Lohja, developer relations manager for Mantis, a client and wallet for Ethereum Classic.

Waves and UMA

UMA, which is around $10, is a blockchain-based platform that enables the production of synthetic assets. Recently, decentralized finance (DeFi) network UMA has partnered with crypto derivatives protocol Opium to provide insurance and financial derivatives to hedge risks associated with SpaceX flights. Waves, which is the most earning among the top 100 cryptocurrencies, is trading around $ 17. Waves is a blockchain platform that users can use for a variety of purposes, including decentralized applications (dApps) and smart contracts. It was established in June 2016 as one of the cryptocurrency industry's first ICOs to develop original blockchain platforms, improving speed, usability, and user-friendliness. It is also worth noting that the Waves coin has gained 1,000 percent over the past year.