Cryptocurrency experts have named a digital token with a 485% increase in transaction volumes per day

On Friday, December 8, the global market capitalization grew by almost 1% to $ 1.61 trillion. Daily cryptocurrency transactions added 8.35% to reach $ 74.27 billion. The dominance of bitcoin BTC $76,602.70 Bitcoin 2.04% Market capitalization $1.52 trillion VOL. 24 hours $3.63 billion slipped to 52.1%, and ethereum ETH $2,868.10 Bridged Ether (StarkGate) 7.27% Market capitalization $0.23 billion VOL. 24 hours $2.03 billion took 17.7% of the crypto market share. The Fear and Greed Index remains at 81 points.

Cryptocurrency experts have identified a number of tokens that have brought profits to investors in the short term.

Overnight, the price of BitTorrent (BTT) jumped by 75.5%. The digital token’s quotes reached $ 0.88. The market capitalization of the virtual currency reached $ 836.68 million, which allowed it to rise to the 67th position in the list of the world’s best cryptocurrencies. Daily transaction volumes reached $ 369.27 million.

According to some experts, the price increase is due to the upward trend of the Tron (TRX) blockchain, despite the absence of an obvious news catalyst. Analysts note that the price began to increase after the statement by entrepreneur Justin Sun that the number of Tron blockchain users is 200 million. It is noted that many of the TRX cryptocurrency holders also have BTT on their balances.

Currently, the total value of blocked funds (TVL) in the decentralized finance protocols of the Tron network is $ 8.2 billion, making it the 2nd largest cryptocurrency after Ethereum in terms of this indicator.

In addition, researchers noted the rapid growth of the Axelar (AXL) cryptocurrency. In a day, its quotes soared by 53.9%. The virtual coin is trading at $ 0.96. The market capitalization of the asset reached $ 492.46 million, and the daily trading volume was equal to $ 38.18 million.

It is worth noting that Axelar is a blockchain that unites other networks, ensuring interoperability in the Web3 sector.

Finally, the GameFi cryptocurrency (GAFI) rose in price by 52.1% during the reporting period, reaching $ 9.77. The daily trading volume of the cryptocurrency amounted to only $ 1.75 million, and this figure increased by 485.5%. The asset’s market capitalization increased to $ 107.27 million.