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Today's winner:XRP Is Back on the Phemex Crypto ExchangePress Release
The SEC accused Ripple of selling XRP as an unregistered security, despite XRP being a bridge currency. It was believed that Ripple sold its currency to family members at a lower price, with the purpose of reselling them at the market value in order to generate profit. Until information surrounding the case became more clear, crypto exchanges decided to suspend it.
But XRP holders didn’t like it, especially big companies. They started to defend Ripple against the SEC accusations. Among them was lawyer John Deaton who promised to fight for 11,000 XRP holders. Therefore, due to popular demand for XRP, Phemex has decided to bring it back for spot and contract trading.
As you may already know, Phemex is a lot more stringent than other exchanges. Not just any cryptocurrency gets listed. The goal is to provide users with the best options available on the market. The crypto projects added need to be fully vetted and must show amazing potential and public demand.
After careful research, Phemex has listed the following eight cryptocurrencies.
This token was built for the digital advertising industry so that publishers, creators and advertisers are paid as they deserve. And since the team behind BAT chose its target audience so well, it managed to amass over one million users in just a single year. The market cap hit over $1.8 billion with a trading volume of $490 million in the last 24 hours. Therefore, it meets all the criteria to be accepted by Phemex.
Chiliz has captivated the market with another surprising target audience – sports lovers. The token is the core cryptocurrency for Socios.com, where people can purchase branded fan tokens from popular sports teams like FC Barcelona, Juventus and Atletico de Madrid. Its market cap reached over $4 billion with a trading volume of $459 million in the last 24 hours.
Another innovative crypto project that is listed on Phemex is MANA, the core crypto for Decentraland, a platform where people can trade their assets in a fully virtual world. This virtual realm is built entirely by users – every scene, structure, T-shirt or dragon – and appeals to another target audience – video gamers. With so many digital designers and gamers out there, it’s no surprise that it hit a market cap of over $2 billion and has a 24-hour trading volume of $220 million.
Enjin Coin backs up a blockchain project that allows users to create, manage and trade fungible and non-fungible tokens. So far, over one billion gaming assets were created, and they don’t lack creativity. Spaceships, vehicles, armors – you name it. The numbers speak for themselves – $2 billion market cap and a 24-hour trading volume of $280 million.
SUSHI opens the door to a fully DeFi platform, where users can swap, earn, stack yields, borrow or leverage crypto assets. Besides its complete ecosystem, Sushi Swap has conquered crypto enthusiasts with its unique approach to presenting products. D App storage, for example, is named the Bento Box. With a team that knows how to make its offerings sound unique compared to other DeFi platforms and with a great marketing strategy, SUSHI’s market cap has risen to $2 billion.