VERUM surges 88%, PHALA jumps 44%, Bitcoin struggles at $94k
The price of VERUM and PHALA has shown double-digit gains, while Bitcoin has retraced to the $94,000 level.
The global crypto market cap is not trading at its best shape, losing 2.11% in market cap over the last day.
The overall bearish market conditions are visible across all top coins, with Bitcoin ( BTC ), Ethereum ( ETH ), and Solana ( SOL ) showing a pullback in the last 24 hours.
Amidst this market condition, Verum Coin ( VERUM ) has surged by over 88%, jumping from a 24-hour low of $1,120.20 to as high as $2,182 at last check Saturday.
Source: CoinGecko
Last week, Verum announced via social media that the coin was available on the Halo Wallet. Before that, the project confirmed that it was available on the Binance Web3 Wallet.
The coin’s popularity is perhaps tied to Verum Runner, a game that debuted in 2024. It integrates cryptocurrency elements, allowing players to collect in-game V Coins and convert them to 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.
The PHALA team has recently introduced Phala 2.0, which may have inspired the price surge. However, one of the most notable reasons for the surge could be the news that Phala Network and ai16z are experimenting with AI in a new collaboration.
Source: CoinGecko
Third on the list of top gainers is aixCB by Virtuals, which rallied close to 50% in the last 24 hours from $0.0357 to $0.6697.
24H AIXCB price chart from CoinGecko
The community-driven venture capital powered by AI has over 140,000 community members, 23 grants in progress, and has given out $5 million in rewards.
The project has also hit $20 million in staking rewards in two weeks, which could have helped in pushing the price higher.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Florida teens arrested in connection with a kidnapping and theft of $4M in crypto
Share link:In this post: Three Florida teens have been accused of kidnapping a man at gunpoint and forcing him to transfer $4 million worth of digital assets to them. The teens kidnapped the victim from Las Vegas and threatened to kill him and his father if he didn’t cooperate. Law enforcement agencies across the globe are now warning individuals with substantial crypto holdings to be cautious amid a rise in kidnappings.
UK icons slam AI ‘theft’ in fiery plea to Starmer before key vote
Share link:In this post: Over 400 UK artists urged PM, Keir Starmer, to strengthen copyright laws ahead of an AI legislation vote. UK government’s proposed “opt-out” rule for AI training on copyrighted content faces strong backlash. Hayao Miyazaki and others condemn AI-generated art, fueling copyright debates and legal challenges.
Americans have wiped out $3 trillion in savings in the past 3 years, mostly from stimulus checks
Share link:In this post: Americans have drained $3 trillion in savings since 2021, with excess savings now at negative $900 billion. The US savings rate dropped to 3.9% in March, below pre-pandemic levels of 5-6%. Consumer spending rose 0.7% in March, but GDP still shrank by 0.3% due to soaring imports.
Banking the unbanked, but this time for real?
Trending news
MoreCrypto prices
More
