Main Points:
- Cryptocurrencies, led by Bitcoin, remained steady on Saturday amid waning momentum in risky assets.
- Loom Network and Ontology Gas were among the top-performing altcoins, experiencing significant price surges.
- Simon’s Cat token reached a record high, with a notable increase in market cap and token holders.
- Other cryptocurrencies such as ARK, Powerledger, and Theta Fuel also saw positive price movements.
Loom Network Leads Gains with Rising Open Interest
Loom Network, recently delisted from Binance, experienced a remarkable surge, reaching its highest swing since July 22 and seeing a 61% increase from its lowest point this year. The altcoin’s 24-hour volume surpassed its market cap, with open interest in the futures market hitting its highest level in months.
Ontology Gas and Fundamentals Amid Price Surge
Ontology Gas surged for five consecutive days, reaching a July high as its market cap grew. Despite positive price action, the value locked in Ontology’s DeFi ecosystem has decreased significantly over the years, posing challenges.
Simon’s Cat Token Reaches Record High
Simon’s Cat token jumped to a record high, with a substantial increase in market cap and token holders. The token’s exchange volume also witnessed a notable rise, indicating growing interest and demand in the market.
