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Umee cryptocurrency records weekly growth amid mixed market trends

EditorVenkatesh Jartarkar
Published 11/19/2023, 02:23 PM

NEW YORK - The cryptocurrency market this week presented a mixed bag of performance with several altcoins experiencing fluctuations. Umee (UMEE), a digital asset that facilitates cross-chain transactions, saw a minor decrease of 1.1% against the U.S dollar early this morning, trading at $0.0033 or its equivalent in Bitcoin. Despite this slight dip, Umee demonstrated resilience with a weekly growth of 6.7%. The coin currently holds a market capitalization of $14.83 million and maintains a substantial daily trading volume.

The broader crypto market witnessed diverse trends today, with KILT Protocol (KILT) dropping by 7.1% to $0.38, while Aidi Finance (AIDI), Zoo Token (ZOOT), and CareCoin (CARES) each saw a decline of 2.2%. In contrast, OmniaVerse (OMNIA) surged by an impressive 9.9%, and Kitty Inu (KITTY) climbed by 1.9% to reach $95.84. Hokkaidu Inu (HOKK) also posted modest gains of 1.2%. Amidst these shifts, Lego Coin remained stable, Jeff in Space (JEFF) fell by 2.2%, and Lumi Credits (LUMI) ticked up slightly by 0.2%.

For those interested in investing in Umee tokens, it is important to note that direct purchases with USD are not available; investors must initially buy Ethereum or Bitcoin to exchange for Umee. The cryptocurrency was launched on February 14th, 2022, and has a large total token supply with billions circulating in the market. Umee's platform is built on the Tendermint BFT consensus mechanism and includes governance features designed to enhance user experience across different blockchain networks.

In other news, LUXO Token recently entered the market on April 28th, 2022, with a substantial total supply of one billion tokens and over eighty-two million in circulation. As part of the Luxochain ecosystem, LUXO aims to improve sustainability and verify authenticity within the luxury goods sector through advanced blockchain tracking solutions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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