As a seasoned crypto investor with over a decade of experience in this volatile market, I can’t help but feel a sense of intrigue and anticipation amidst the current bearish trend. The double-digit gains of Verum Coin (VERUM) and Phala (PHA) are a beacon of hope in these challenging times, much like a lighthouse guiding ships through stormy seas.
Vermum and Phala have experienced significant increases, with returns exceeding 10%, whereas Bitcoin has retreated to approximately $94,000.
currently, the total value of all cryptocurrencies combined isn’t doing particularly well, having dropped by about 2.11% in market value over the past 24 hours.
It’s clear that a general downtrend is affecting the leading cryptocurrencies, as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have experienced a drop over the past day.
In the current financial climate, Verum Coin experienced a substantial increase, soaring more than 88%. It climbed from its lowest point in the past 24 hours ($1,120.20) to a peak of $2,182 during the most recent check on Saturday.
Previously, Verum had shared through social platforms that their coin could be found in the Halo Wallet. Earlier, they also verified its availability on the Binance Web3 Wallet.
The widespread appeal of the coin might be due to its association with Verum Runner, a game launched in 2024. This game incorporates aspects of cryptocurrencies, enabling players to amass in-game Virtual Coins that can be exchanged for Verum Coins.
The development team behind Verum Coin remains anonymous.
Phala
Phala (PHA) saw a 45% surge in price within the last 24 hours. The coin’s price spiked from $0.3716 to $0.5893 before retracing to its current price of $0.5406.
As an analyst, I’ve observed an intriguing development: the recent rise in Phala’s price might not solely be attributed to the launch of Phala 2.0. A significant factor could be the exciting news about Phala Network collaborating with ai16z on artificial intelligence projects. This collaboration is generating a buzz, which could be contributing to the surge in Phala’s value.
In third place among today’s biggest risers is AixCB by Virtuals, experiencing a significant surge of nearly 50% over the past 24 hours. This jump propelled its price from $0.0357 to an impressive $0.6697.
This AI-supported venture capital that relies on the collective input of its community boasts more than 140,000 active participants. Currently, there are 23 grants being managed, and a total of $5 million has been distributed as rewards.
In just two weeks, the project’s staking rewards surpassed $20 million. This significant boost might have contributed to a rise in its price.
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2024-12-28 17:36