Over the Independence Day holiday break in the US, skyrocketing prices were not the norm in the realm of cryptocurrencies. Key players like Bitcoin (BTC) and ether (ETH) comfortably maintained their positions near the impressive $31,000 and mid-$1,900 milestones without much buzz. It is expected that the second half of this week’s macro events, which include the unveiling of the Fed meeting minutes, US ISM Services PMI data, and JOLTs US job opening data, along with the official June US jobs report, will once again inject volatility into the scene.
Amid this relative calm, there is an interesting plot twist. Our eyes are on micro-cap cryptocurrency markets, where there seems to be unending volatility and where traders are relentless in their pursuits of finding the ‘next-big-thing’ in potential coins. Let’s look at a few potential stars, according to DEX Tools, a Decentralized Exchange analytics website.
First off, we have $KSI or Ksi Coin, a newly launched meme coin inspired from the famous YouTuber, KSI. This new player on the block has seen an impressive rise of 450 times, valuing the coin at around $0.0000045 from about $0.00000001. Despite this massive surge, KSI Coin remains below the $2 million market cap, thus providing plausible room for growth if it generates interest from the influencer KSI himself. However, the coin is currently held by 180 holders and has traded under $100,000 in 24 hours, indicating it’s in the early stages.
Next, we have Pepe 2.0 (PEPE2.0), a copycat of the original Pepe, is marketed as a golden opportunity for those who couldn’t leap onto the bandwagon in time for the initial Pepe rally. Interestingly, this coin is currently on the rise with its recent numbers around $0.00000006; this value is upwards of 4 times the Sunday lows of less than $0.00000002.
Lastly, there’s Precipitate ($RAIN), an infrastructure token that fuels the Precipitate Protocol. It has made headway Tuesday with a perceivable upswing of nearly 100%, settling in the $0.002 region. However, it’s far off from its recent highs of around $0.0035, with the protocol describing itself as furnishing “data portability between the siloed fields of artificial intelligence API services, and public blockchain node access”.
So while the overall market sleeps, these individual markets continue their roller-coaster ride with an appetite for higher ground.
Source: Cryptonews
