A related trend? This cryptocurrency is up more than 2,13,000% in the last 24 hours

Data from Coinmarketmap shows that the digital asset is up by 2,13,000% from the $0.0000005604 high to $0.0001194 high. However, currently, the crypto is trading at $0.00006226 at 16:40 PM (IST).

The latest trend these days is for the little-known cryptocurrency to climb and drop thousands of percentage points in a matter of hours. It also indicates the risk and volatility in crypto-based trading.

With huge price volatility becoming the norm in little-known cryptocurrencies, experts raised concerns and advised investors to be wary of picking up such tokens.

Recently, Kokoswap has risen from $0.01005 to $7.22 in just 24 hours, showing a massive 71,000% increase. HUSKYX, again a crypto little known to regular investors, has seen a rally of over 45,000% in 24 hours, jumping from a low of $0.0000000004089 to $0.000001878.

Squid Games-based Squid Token also saw a similar rally a few days back.

Ethereum Meta, which has a market capitalization of just $3.1 million, addresses a major weakness of Ethereum: its lack of privacy. The token also enables smart contracts where no friend, family or foe can see what you bought or for how much.

With the new Ethereum Meta smart contracts, this token allows for direct anonymous payments between parties.

Ethereum meta transactions exist alongside normal (non-anonymous) transactions. Each user can convert non-anonymous coins (ether) into anonymous coins, which are basically Ethereum meta.

Users can then send Ethereum meta to other users, and split or merge Ethereum meta in any way that preserves the total value. Users can convert ethereum meta back to normal ether, circumventing any possible traceability.