⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Umee cryptocurrency records weekly growth amid mixed market trends

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

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.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.