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Cryptocurrency News Articles

VITE Tops the Daily Gainer List With a 32.5% Surge as the Crypto Market Exhibits Volatility

Aug 28, 2024 at 08:30 am

As the cryptocurrency market continues to exhibit volatility, several digital assets have emerged as significant gainers today, led by VITE (VITE), which saw a remarkable surge of 32.5%.

VITE Tops the Daily Gainer List With a 32.5% Surge as the Crypto Market Exhibits Volatility

The cryptocurrency market continues to exhibit volatility with several digital assets posting significant gains on Friday, led by VITE (VITE) with a remarkable 32.5% increase. The Phoenix Group, a well-known player in the crypto space, highlighted these daily gainers in a recent tweet.

"Top daily gainers,” the Phoenix Group tweeted.

The top gainer on Friday, VITE is primarily traded on Binance, with the sharp price rise pushing its current value to $0.02 and its market cap to $27.6 million. This sudden price jump positions VITE as the leading performer among the top gainers, indicating strong market sentiment and increased trading activity. The exact catalysts for this sharp rise remain speculative, but it does underscore the token's growing presence and potential in the market.

Other top performers on Friday, according to the Phoenix report, include Phala Network (PHA) and Artrade (ATR), with gains of 20.9% and 20.2%, respectively. PHA is currently priced at $0.13 on Binance, with a market cap of $107.3 million, while ATR is valued at $0.01 on CoinEx, where it has a market cap of $19.5 million. Both tokens have shown robust upward momentum, which could be driven by positive developments or increased investor interest in their respective projects.

REI Network (REI) also made it to the list, recording a 15.9% increase on Friday. The token is now priced at $0.06 on Binance, with a market cap of $61.5 million, as its upward price movement suggests growing confidence in its network capabilities and potential for future growth.

Akash Network (AKT) and Helium (HNT) also demonstrated solid performance, with gains of 12.2% and 10.9%, respectively. AKT is currently trading at $2.98 on Coinbase, with a market cap of $719.7 million, while HNT is priced at $7.02 on Coinbase, where its market cap reached $1.10 billion. Both networks have seen increased adoption and are recognized for their innovative approaches to decentralized infrastructure, which might be driving the current bullish sentiment.

Other notable gainers on Friday include Decred (DCR), PowerPool (CVP), Stader (SD), and VIDT Datalink (VIDT). DCR experienced a 10.3% increase, now priced at $12.81 on Binance, where it has a market cap of $208.5 million. CVP gained 9.6%, bringing its price to $0.04 on CoinEx, where its market cap is $1.3 million. SD rose by 8.5% to $0.56 on Binance, where it has a market cap of $25.6 million, while VIDT climbed 8.3% to $0.04 on Binance, where its market cap reached $36.6 million.

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