- Loom Network Leads Gains as Open Interest Rises
- Simon’s Cat Hits Record High
- Brief Overview of Other Cryptocurrency Changes
Cryptocurrencies maintained stability on Saturday despite the recent momentum among risky assets waning. Bitcoin retreated to $63,000, while the total market cap of all coins remained at $2.2 trillion.
Loom Network Leads Gains as Open Interest Rises
Loom Network, recently delisted from Binance, was one of the best-performing altcoins, reaching $0.0668, its highest level since July 22 and up by 61% from its lowest point this year. Loom soared as its 24-hour volume jumped to over $174 million, higher than its market cap of $80 million. Its open interest in the futures market jumped to over $27 million, its highest level since March 27, and higher than this month’s low of $4.7 million.
Simon’s Cat Hits Record High
Simon’s Cat was another top-performing token, surging to a record high of $0.000040. According to Nansen, the token’s market cap soared to over $297 million while its exchange volume rose to $168 million, its highest level since September 12. Simon’s Cat also jumped as the number of token holders rose to 217,680 in the last 24 hours, while the number of tokens in exchanges dropped to 1.85 trillion from last week’s 1.87 trillion. A drop in the number of tokens in exchanges is a positive sign, as it means more people are storing them in wallets.
Brief Overview of Other Cryptocurrency Changes
Among other top-performing cryptocurrencies were ARK, which rose by 23%; Powerledger, and Theta Fuel, which rose by 20% and 8%, respectively. The most notable laggards were Mother Iggy, Neiro on ETH, Billy, and Cat In A Dogs World.
Cryptocurrencies continue to draw attention from both investors and observers, despite fluctuations among other risky assets. The focus on new players and changes in open interest indicate that the cryptocurrency market continues to evolve actively.
Comments