KYVE Network Slumps While Undeads Games Shows Triple-Digit Growth
Date: 2024-11-04 Author: Henry Casey Categories: BUSINESS
According to the latest data from CoinGecko, KYVE Network has shown an impressive jump in the last 24 hours, rising from a low of $0.01307 to a high of $0.57877, but then fell sharply to $0.03183. This sudden rise and subsequent fall has attracted the attention of traders and analysts. Within a seven-day period, the price of KYVE has increased by 220%.
A likely reason for the initial growth could be the recent launch of the second phase of beta testing of the platform, which caused a temporary surge in interest in the token. However, despite positive expectations, the general decline in the cryptocurrency market has affected the price of KYVE, which has also affected its final value. The overall market cap has fallen 2.5% in the past 24 hours, which likely played a role in the decline.
Undeads Games Sees Significant Growth
Amid KYVE’s fluctuations, Undeads Games’ UDS token has also seen impressive growth, rising 190% in the past 24 hours. According to CoinGecko, its price has peaked at $0.7597, starting from a low of $0.1712, and at press time, the token is trading at $0.5623. This has allowed UDS to grow by about 700% in a week, giving it a market cap of $28.1 million.
Interestingly, such a significant increase has occurred without any major news or updates from the project, which has analysts wondering about the factors that have affected demand. It is likely that the sudden attention to UDS is due to the general interest in the gaming token market, which has remained resilient even as the overall market declines.
Overall Market Situation
Amid these developments, the cryptocurrency market continues to experience instability. Bitcoin, which recently surpassed $72,000, has lost ground again over the past 24 hours, reflecting the volatility and uncertainty of the market.
