Trading volumes for rollbit tokens grew 500% on a revamped token buy-and-burn plan.
XRP and solana's SOL led gains among crypto majors as bitcoin posted steady growth in the past 24 hours, data from CoinDesk show.
Alternative tokens rollbit and unibot drove the most gains for traders on separate catalysts. Crypto casino Rollbit unveiled plans to buy and burn its tokens using platform revenues daily, while Telegram bot Unibot rose on increasing social sentiment for its tokens – igniting growth.
“Investors are piling into the largest cryptocurrencies to preserve large amounts of capital to stay far from the banks, where deposit guarantees apply to not-so-large sums,” Kuptsikevich told CoinDesk over email. “Technically, the market made its second failed attempt this month to get back above the 50-day average. The ability to consolidate above $30,000 will be a milestone, cementing the breaking of the downtrend of the last four weeks,” Kuptsikevich added.
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