The cryptocurrency market is in a bullish area, with Bitcoin (BTC) traded 0.2% higher late Tuesday at $ 59,911 after crossing the psychologically important $ 60,000 mark earlier on Saturday. Yet there are several cryptocurrencies that are better than the apex virtual asset and attract attention.
Voyager Token (VGX): Voyager trades 18.7% higher at $ 4.89 at press time. VGX supports US crypto broker Voyager Digital Ltd. (OTC: VYGVF).
The cryptocurrency is showing a lot of interest with Voyager announcing earlier this week that its total assets under management (AUM) exceed $ 2.4 billion, with the total number of verified users on its platform exceeding the million mark.
Dogecoin (DOGE): Dogecoin rose 17.2% to $ 0.075 at press time. The cryptocurrency is likely to be driven by another tweet from Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk, who awards the meme asset.
See also: Exclusive: Dogecoin Creator says what distinguishes Meme Crypto, apart from ‘Thousands of failed coins’, is a Meme
Binance Coin (BNB): Binance Coin rose 11.1% in 24 hours and nearly 50% over a seven-day period to $ 522.58.
The cryptocurrency that supports the Binance blockchain ecosystem has seen a huge increase this year, by more than 1282.5% over the previous year.
An important factor in the run-up to GNP was that it was offered as an alternative to GNP Ethereum (ETH) network, rising with rising transaction costs and confirming delay.
The cryptocurrency, which now has a market capitalization of more than $ 81 billion, is also driven by the growing popularity of decentralized financing projects (DeFi) and speculation that Binance may follow the path of Coinbase – raising funds through an equity offer.
See also: How to Buy Coinbase Exchange (COIN) Stock
XRP (XRP): XRP fell 3.3% to $ 1.34 over 24 hours, but rose 106.5% to $ 1.34 over seven days.
The cryptocurrency that supports the Ripple payment network has risen over the past few weeks after winning several victories in a lawsuit filed by the U.S. Securities and Exchange Commission.
CoinDesk also noted earlier that XRP has a dedicated global base of supporters, who do not necessarily view the SEC lawsuit as a threat.
Monero (XMR): Monero is up 24% over 24 hours to $ 331.82. The privacy-oriented cryptocurrency has risen by about 146.6% in the past year.
In recent news, Haveno, a Monero-based decentralized exchange (DEX), was launched this week. The team behind the project said the DEX was launched in response to calls from the community for an ‘indigenous, decentralized and private way to exchange Monero for fiat currencies and other cryptocurrencies.’
Cryptojacking, which is the illegal exploitation of cryptocurrencies on other people’s devices, has also put Monero under the latest boom since September 2020, according to the “Cloud Threat Report” of Palo Alto Networks.
PancakeSwap (CAKE): PancakeSwap rose 24% over 24 hours and 55.6% over seven days to $ 26.18.
The cryptocurrency supports the namesake DEX based on the Binance Smart Chain (BSC).
PancakeSwap is taking advantage of the increase in DeFi popularity, and investors are seeing alternatives to the Ethereum network.
The project also presents a number of bullish news, including 900,000 transactions in a single day earlier this week, which he says is compared to 1.3 million transactions of Ethereum.
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