Most altcoin prices stayed in the green Thursday as digital assets contradicted the crypto winter.
The majority of top 100 cryptocurrencies were up again after enjoying some solid increases on ]Wednesday. Low-profile altcoin prices again stole the show, but some big names also posted large increases.
Another banner day
STORJ enjoyed another banner day as it was up about 14% in afternoon trading in North America. (All figures based on CoinMarketCap data.)
But large player AAVE’s increase was also in the same ballpark, ranking second among top gainers. AAVE was up about 18% from a week earlier.
Relative unknown internet computer (ICP) – which is well-priced at more than $6 despite its low profile – posted a 10% gain. Polygon (MATIC), whose increase trailed ICP by a few basis points, rounded out the four gainers.
ICP to USD
NEXO in the green again
Other lesser lights that stood out included the Convex Finance coin (CVX), MINA, NEO, NEAR, gnosis (GNO). And, NEXO was well in the green again after ranking among top gainers on Wednesday.
NEXO appears to be picking up steam after its parent company of the same name announced that it intends to buy distressed crypto lender and trader Vauld earlier this week.
Vauld froze deposits, withdrawals and trades earlier this week.
CEL to USD
Celsius Network coin nosedives
But the troubled Celsius Network’s coin (CEL) bucked the rising altcoin price gain during afternoon. CEL nosedived 16% after the Wall Street Journal reported that the crypto lending company behind the network and digital asset had shaken up its board.
The Celsius Network froze customer withdrawals and transfers in mid-June while “extreme market conditions.” The company has slashed its debt, according to reports from Crypto Potato and other outlets.
VGX, the coin backed by troubled crypto lender and trader Voyager Digital, was down marginally.
Voyager Digital filed for Chapter 11 bankruptcy in the US on Tuesday and is seeking protection from creditors in Canada, where the company’s stock had traded before being suspended Wednesday by the country’s investment industry regulator.
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Cuban comes under fire
Mark Cuban, the owner of the Dallas Mavericks NBA team, has come under fire from its fans on social media, including Reddit and Twitter, for promoting Voyager to them in a five-year partnership with the company launched in October 2021.
The critics included New York Times bestselling author James (Jim) Rickards, who is also the editor of the Strategic Intelligence financial newsletter.
“When Mark Cuban partnered with crypto player Voyager, he said, ‘There’s a lot of hype..but most people don’t understand the fundamentals behind it.’ I guess Cuban didn’t either. It’s called banking,” Rickards wrote on Twitter.
BTC to USD
Ether (ETH) rises with bitcoin
Bitcoin (BTC) rose above $21,000 – which is considered a key benchmark as investors hope to avoid a precipitous drop. The world’s largest cryptocurrency posted a solid increase of approximately 6%.
Ether (ETH) made a similar jump.