In the cryptocurrency market, VERUM and PHALA have experienced significant double-digit price hikes, while Bitcoin has pulled back to around $94,000. The global crypto market cap has declined by 2.11% in the past day, and a bearish sentiment is prevalent among the top coins like Bitcoin, Ethereum, and Solana.
Verum Coin (VERUM) has seen an extraordinary surge of over 88%, climbing from a 24-hour low of $1,120.20 to as high as $2,182 on Saturday. Its popularity may be linked to the Verum Runner game launched in 2024, which incorporates cryptocurrency features enabling players to convert in-game V Coins to Verum Coins. The development team behind VERUM remains anonymous.
Phala (PHA) also witnessed a 45% price spike within 24 hours, rising from $0.3716 to $0.5893 before settling back to $0.5406. The recent introduction of Phala 2.0 and the collaboration between Phala Network and ai16z involving AI experiments might have contributed to this increase.
Another notable gainer is aixCB by Virtuals, which rallied nearly 50% from $0.0357 to $0.6697 in the last 24 hours. The community-driven AI-powered venture capital has a large community of over 140,000 members, 23 ongoing grants, and has distributed $5 million in rewards. Additionally, it has achieved $20 million in staking rewards in two weeks, potentially fueling the price rise.
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