Several cryptocurrencies became more expensive by a third overnight
As the cryptocurrency market grew after the U.S. economy stabilized, several digital tokens, from a list of the top one hundred in terms of total coin supply, rose in value by a third or more. The market capitalization of the entire industry was $1.15 trillion, as of 11:00 a.m. Moscow time on March 15, 2023. That figure was up 2.38% in 24 hours.
The leader of the day was SingularityNET (AGIX), a cryptocurrency that made headlines earlier this year. Its quotations soared 43.6% at once. It was traded at $0.552, while the total supply was fixed at $668.66 million. Thus, traders concluded deals with the digital token for a total amount of $700.6 million.
The second line in the rating of cryptocurrencies by daily yield remained for Stacks (STX). This token became more expensive by 34.19%. The value reached $1.08, and the capitalization froze at the cutoff of $1.47 billion. Market participants secured $735.74 million in transactions with STX over the past 24 hours.
Finally, Conflux (CFX) continued to rise in value. Its rate reached $0.3 and capitalization reached $905.08 mln. This figure jumped 32.7% during the reporting period. Traders made transactions in CFX totaling $1.45bn over the past 24 hours. It should be noted that the quotation of the digital token has soared by 533% in the past 30 days.
Experts stressed that these digital tokens have been extremely volatile in recent months, which is why their value has changed so dramatically. For example, AGIX rose in value by more than 10 times at the beginning of this year on a haip related to the popularity of artificial intelligence (AI) technology. Stacks became interesting to investors because of the launch of the Ordinals protocol for Bitcoin, and Conflux because of news about the development of a blockchain-based SIM card in China.
