Red Pulse Phoenix (PHX), Blox (CDT), Etherparty (FUEL), Primas (PST) and CPChain (CPC) had the biggest price increases this week. Here’s a closer look at the 5 cryptocurrencies with the biggest price moves.
Red Pulse Phoenix (PHX)
The past 24 hours have been an eventful one for Red Pulse Phoenix (PHX), with a trading volume of $10,067,066. So what’s behind its price move this week? An opening of its platform to the public, development updates and attendance at an event to promote it. Additionally, Red Pulse Phoenix (PHX) is doubling its daily reward pool to $5,000 for the first month as an incentive to become an early contributor.
Don’t confuse CPChain (CPC) with the crypto that goes by the same ticker symbol, Capricoin (CPC). CPChain recovered from a rough week last week to become one of the biggest crypto price moves this week.
A couple of weeks ago, CPChain announced partnerships with ArQit and Mainnet, two major open source blockchain development firms. With an eye toward the future, the ArQit partnership will help CPChain (CPC) face the uncertain future of quantum computing.
Etherparty is a Canadian blockchain technology company. In late October, the company behind Etherparty (FUEL) announced a 2.0 update to their Rocket platform, including added support for security tokens. Dedicating a portion of the platform to tokenized securities and the InterPlanetary File System (IPFS) to facilitate those securities is an exciting milestone for the company, and one that’s clearly attracting investor attention.
Blox (CDT) surged at the end of this week, with a 1-day trading volume topping $1.35 million yesterday. Blox Crypto is a tracker and asset management platform allowing members to track, manage and analyze their cryptocurrency portfolio. Blox’s coin, CDT, is coming off a strong prior week and kept its momentum alive this week. CDT can be bought or sold on Binance, Gate.io and other major exchanges, but only with other crypto. There are currently no fiat-to-CDT exchanges available.
Prima (PST) is a crypto that offers a solution to content developers, allowing them to get paid for their work without worrying about censorship on other crowdfunding platforms. On Monday, PST hit a 24-hour trading volume of $5.59 million, and it has been riding that momentum all week.
Crypto Prices This Week
A couple takeaways from this week’s biggest crypto price moves. Coins and tokens dedicated to crowdfunding applications have garnered some major investor attention this week, perhaps due to excitement over such dApps generated by Johnny Depp‘s recent partnership with TaTaTu. Major platform development updates, improvements and partnerships have also spurred significant price moves this week.