Crypto Market Update: Double-Digit Gains for VERUM and PHALA Amidst Bearish Conditions

The global crypto market cap has seen a decline, losing 2.11% in market cap over the last day, with top coins experiencing a pullback in the last 24 hours. However, amidst this bearish market condition, two cryptocurrencies have shown significant gains: VERUM and PHA.

VERUM Coin’s Surprising Surge

VERUM Coin has surged by over 88% in the last 24 hours, jumping from a 24-hour low of $1,120.20 to as high as $2,182. The coin’s popularity may be tied to Verum Runner, a game that debuted in 2024, which integrates cryptocurrency elements, allowing players to collect in-game V Coins and convert them to Verum Coins.

Additionally, the coin’s availability on the Halo Wallet and Binance Web3 Wallet may have contributed to its increased popularity. Despite the coin’s success, the development team behind VERUM remains anonymous.

PHALA’s 45% Price Surge

PHA saw a 45% surge in price within the last 24 hours, with the coin’s price spiking from $0.3716 to $0.5893 before retracing to its current price of $0.5406. The PHALA team’s recent introduction of Phala 2.0 may have inspired the price surge.

The collaboration between Phala Network and ai16z, experimenting with AI, could be one of the most notable reasons for the surge.

Other Top Gainers

Other top gainers include aixCB by Virtuals, which rallied close to 50% in the last 24 hours. 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.

Tips for investors:

  • Keep an eye on emerging trends and collaborations in the crypto market.
  • Research community-driven projects and their potential for growth.
  • Stay up-to-date with market news and analysis to make informed investment decisions.

Stay ahead of the curve with the latest news and updates on the crypto market. Visit Global Crypto News for more information and insights on the world of cryptocurrencies and investing.

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