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The crypto market showed signs of an uptrend over the weekend, but momentum collapsed in the last 24 hours as the market lost $395 billion. Bitcoin fell below $85,000, triggering sharp declines across altcoins, with several hitting new lows.
Newly launched altcoins often receive a lot of hype, resulting in their initial price jumps. However, historical data reveals that most of these face a sell-off right after that, continuing for weeks or even months.
After the post-launch dip, Animecoin's native token, ANIME, has experienced a significant surge in value following its listing announcement by Bithumb, one of South Korea's prominent cryptocurrency exchanges. This development has not only spotlighted Animecoin but also underscored the growing influence of meme coins backed by vibrant communities like that of anime enthusiasts.
ANIME, the native token of the Animecoin Foundation, surged 12% after the major South Korean exchange Bithumb announced its listing of the meme coin. Animecoin (ANIME) rose to an intraday high of $0.0502 on Jan.
The crypto market's recovery has not benefited all altcoins, as some continue to face sharp declines. While Bitcoin holds steady at $102,200, several altcoins remain in a downtrend, struggling to regain momentum.
Azuki launched the Anime.com Web3 platform. Anime.com allows users to watch content, create their own avatars, and trade NFTs on the platform.
