MAP Protocol Surges 100% as TVL Reaches New Heights
MAP Protocol (MAPO) topped the crypto charts on Saturday, soaring by 100%. The token hit $0.010, its highest as Febuary 2nd, and 153% above its year’s lowest point.This surge pushed its market cap over $53 million.
MAP Protocol is a Bitcoin layer-2 network enabling cross-chain transactions. The token’s rise coincided with a jump in the network’s total value locked (TVL) to $23.3 million, the highest since February. Ecosystem dApps like HiveSwap, StaQ, and Butter Network contributed significantly to this growth.
However, the Relative Strength Index (RSI) reached 93, indicating the token is overbought. This could lead to a price correction as investors take profits.
Useless Coin reaches All-Time High Amid Market Crash
Despite the crypto market downturn, Useless Coin hit a new all-time high of $0.078 on Friday. The Solana meme coin has surged 1,245% from its lowest point this year,giving it a $70 million market cap.
Unlike MAP Protocol, Useless Coin lacks utility. Its price rise is driven by hype and FOMO among investors. Technical analysis suggests more gains ahead, with a target of $0.090.
LUNC Rises as Burn Rate Increases
terra Luna Classic (LUNC) rose over 10% on Saturday. This jump followed a 234 million token burn in the last seven days, bringing the cumulative burn to 410 billion.
Technical indicators show LUNC could see more gains. It formed a double-bottom pattern with a neckline at $0.00007253. A move above this level could push the price to $0.0001135. Meanwhile, Bitcoin rallied past $105,000.
