In mid-June, amidst challenges faced by many cryptocurrencies, several tokens have emerged with unexpected growth in the market. Here, we take a closer look at a few of them.
Newton (AB): Successes of a DeFi Token
Newton, a decentralized finance (DeFi) token, has seen an increase of over 115% in the last 30 days. Despite growing interest, many market participants express uncertainty regarding further price increases, which may indicate a healthy asset avoiding excessive hype.
Meme Token SPX6900: Unexpected Growth
Meme token SPX6900, operating on the Ethereum and Solana blockchains, has shown an impressive increase of 97% over the past month. Despite a recent small dip, traders remain confident in its ability to bounce back. Interestingly, this token hasn't attracted as much hype as many other meme assets.
WhiteBIT Token and Its Market Status
WhiteBIT Token (WBT), the native token of a major European crypto exchange, has risen by 61% in just one week, making it one of the most promising tokens in the market. Currently, WBT is trading around $48.26, though it has seen a 6% drop in the last 24 hours. The token's market cap has reached $4.17 billion.
Thus, despite the overall slowdown in the cryptocurrency market, some tokens stand out with significant increases over the past month. This indicates that investors still have opportunities to find profitable investments even in challenging times.
