Despite BTC Sell-Off by German Government, Institutional Investors Throw Weight Behind Giant Cryptocurrency

Despite the persistent BTC sell-off by the German government, which kicked off a few days back, Institutional investors are throwing their weight

Despite the persistent BTC sell-off by the German government, which kicked off a few days back, institutional investors are throwing their weight behind the giant cryptocurrencies. In the last 24 hours, Bitcoin’s ETF has seen an inflow of over $143 million, which is the highest it has recorded in a month.

The growing fund inflow into BTC ETF signifies increasing investor confidence in the crypto market. In addition to the fund's inflow, some top trending cryptocurrencies on Polygon and other networks also signal the possibility of impending recovery. This post examines the market data of these crypto tokens.

Most Trending Cryptocurrencies on Polygon

Also included in today’s post is the general overview of the Mega Dice presale. The project’s presale funding has crossed the $1.6 million mark and is on track to achieving its target for this round. Below is a summary of all that the project entails and how to participate in the presale.

1. Versus-X (VSX)

Versus-X (VSX), a skill gaming ecosystem token, is one of the top trending cryptocurrencies on Polygon today. In the last 24 hours, Versus-X has experienced a notable price surge, making it one of the most visited tokens on several platforms.

Versus-X focuses on PvP and single wagering on skill-based games. Initially, it offers realistic sports and racing games, with plans to expand into various competitive games. The founding team has over 20 years of experience in the traditional games industry, making Versus-X well-positioned to exploit the rapidly growing skill gaming market.

Meanwhile, the price of VSX is $0.04482, with a 24-hour trading volume of $171,676. This marks a 13.86% increase in the last 24 hours and a 73.48% increase over the past seven days. With a circulating supply of 29 million VSX, the market cap stands at $1,318,708.

In the past week, VSX has outperformed the global cryptocurrency market, down by 10.60%. It has also outperformed similar Polygon Ecosystem cryptocurrencies, which have seen no significant change.

Furthermore, VSX tokens can be traded on both centralized and decentralized exchanges. The most popular exchange for VSX is MEXC, where the VSX/USDT trading pair had a volume of $125,043 in the last 24 hours. Other exchanges include Gate.io and Uniswap V3 (Polygon).

Moreover, the trading volume for VSX has increased by 63.80% from the previous day, indicating a rise in market activity. Versus-X’s strong market performance and increasing trading volume highlight its potential in the growing skill gaming market. The team’s extensive industry experience and strategic market positioning suggest that Versus-X is promising.

2. Peri Finance Token (PERI)

PERI Finance, a decentralized cross-chain synthetic issuance and derivatives exchange protocol, is making headlines in the crypto world. It offers unlimited liquidity on the Polkadot network and lets users access traditional financial products and crypto assets. Unlike many DeFi projects on Ethereum, it avoids problems like high GAS fees, slow transactions, front running, and flash loan attacks using Layer2 with OVM (Optimistic Virtual Machine).

Right now, PERI is priced at $0.05997. In the last 24 hours, the token’s price jumped by 26.66%; over the past week, it has risen by 59.83%. Moreover, its market cap is $807,756, and there are 14 million PERI in circulation.

In the past 24 hours, PERI Finance saw a trading volume of $67,423.89, a 269.00% increase from the previous day. This means more people are buying and selling PERI, increasing interest.

Furthermore, PERI is traded on both decentralized and centralized exchanges. The most popular exchange is Uniswap V2 (Ethereum), where the PERI/WETH trading pair had a trading volume of $3,773.84 in the last 24 hours. Other places where you can trade PERI include Gate.io and Quickswap.

PERI Finance’s price has surged by 59.80% in the last seven days, which is impressive considering the global cryptocurrency market dropped by 8.00% in the same period. PERI is also doing better than similar cryptocurrencies in the Polygon Ecosystem, which has yet to see significant movement.

3. Genius AI (GNUS)

GENIUS AI (GNUS) combines federated learning and decentralized GPU mining to create a secure, distributed, and privacy-preserving AI