Ethereum [ETH] trails Bitcoin [BTC]

Ethereum [ETH] trails Bitcoin [BTC], and the weekly structure couldn't make it more obvious.

Cryptocurrency market cap now stands at $2.976B and has decreased by 0.24% in the past hour.

Top Gainer (1h)

The cryptocurrency market has seen a slight decrease in the past hour, with a 0.24% drop. However, one coin has managed to buck the trend and post a triple-digit gain in the past hour.

At press time, Arise (ARISE) price saw a triple-digit increase of 118% in the past hour, trading at $0.000343.

The massive gain comes after Arise was listed on Binance at 09:00 (GMT+8).

The listing price on Binance was set at $0.000152, which is a 64% discount to the average spot price on other exchanges over the past seven days, according to Binance’s announcement.

The massive discount on Binance listing price sparked huge FOMO among crypto traders, leading to a 388% rally in Arise price in the past 24 hours.

According to Benzinga, Arise is a new token that offers users the opportunity to participate in the ecosystem of the AriseChain network.

The project aims to provide a decentralized and community-driven ecosystem for blockchain technology and Web3 applications.

AriseChain is a layer-1 blockchain network that is compatible with the Ethereum Virtual Machine (EVM). This means that developers can easily port over existing dApps and smart contracts from the Ethereum network to the AriseChain network.

The Arise token serves as the native currency within the AriseChain ecosystem and can be used for various purposes such as paying gas fees, voting on proposals, and staking to earn rewards.

Arise is a project that is still in its early stages of development and has yet to launch any working products or services.

The project is being developed by a team of experienced blockchain professionals with a vision to revolutionize the industry.

According to its website, AriseChain is a project that is fully community-owned and governed, with the Arise tokens granting voting rights to participate in the governance of the ecosystem.

The project’s roadmap includes plans to launch a decentralized exchange (DEX) and an NFT marketplace to further expand the AriseChain ecosystem. AriseChain also aims to integrate with other layer-1 and layer-2 blockchains to foster interoperability and collaboration within the Web3 space.

Top Loser (1h)

On the other hand, one altcoin has seen a triple-digit loss in the past hour.

DeFiChain (DFI) price fell by 109% in the past hour, trading at $43.6 by press time. The massive loss came after the cryptocurrency saw a huge price pump on Tuesday.

DeFiChain price shot up by 76% in the past 24 hours as traders reacted to the news that dForce, a DeFi protocol, is planning to launch on the Chain.

D’ailleurs, crypto market cap now stands at $2.976B and has decreased by 0.24% in the past hour.