In the volatile cryptocurrency market, it can be tough to track down why coins are rising and falling. Today, we’re looking at four cryptocurrencies that are up more than 20% in the last week to see what’s happening behind the scenes.
Huobi Token (HT)
Huobi Token is up more than 32% in the last seven days, according to the latest numbers from WorldCoinIndex.
The jump follows a series of announcements. Huobi is launching its own crypto-based ETF, designed to let retail investors buy buckets of coins on its exchange without having to purchase them individually. The company also unveiled a new partnership with NewMargin Capital and Kiwoom Securities to launch a $93 million fund for blockchain startups in China and South Korea.
Huobi also announced it’s launching its own public blockchain called Huobi Chain. The company is investing $100 million in tokens to make it happen.
VeChain is up more than 20% in the last week.
The team has confirmed that the platform is still aiming to release its mainnet software on June 30th. In addition, the Founder of BitOcean, a VeChain partner that develops crypto ATMs, teased a “big” upcoming announcement.
Digixdao is up about 23% in the last week.
The Digix Gold Token DGX was listed on Airswap at the start of the month.
The gold-backed Ethereum token also had a sharp rise on June 4th, trending against the market, as usual. For the most part, the coin sustained its momentum over the next few days.
Dent is up just over 20% in the last seven days.
A rumor that the coin will be listed on Binance triggered a pump.
The coin is also rising along with its userbase. The team announced it now has 956,718 users on its app, which allows you to buy, sell and rent mobile data packages using the blockchain. The app also just launched in South Africa.