VERUM surges 88%, PHALA jumps 44%, Bitcoin struggles at $94k

VERUM and PHALA price posted double-digit gains, while Bitcoin returned to the $94,000 level.

The global crypto market cap is not trading at its best, losing 2.11% in market cap over the past day.

Overall bearish market conditions are visible across all major coins, with Bitcoin (BTC), Ethereum (ETH), and Solana (GROUND) showing a decline over the last 24 hours.

Amid these market conditions, Verum Coin (It’s true) surged more than 88% from a 24-hour low of $1,120.20 to a high of $2,182 at last check on Saturday.

Last week, Verum announced via social media that the coin was available on the Halo wallet. Prior to this, the project confirmed that it was available on the Binance Web3 wallet.

The coin’s popularity may be linked to Verum Runner, a game that debuted in 2024. It incorporates cryptocurrency elements, allowing players to collect in-game V Coins and convert them to Verum Corners.

The development team behind Verum Coin remains anonymous.

Phala

Stick (PHA) saw its prices increase by 45% in the last 24 hours. The coin’s price rose from $0.3716 to $0.5893 before returning to its current price of $0.5406.

The PHALA team recently introduced Phala 2.0, which may have inspired the price surge. However, one of the most notable reasons for this increase could be the news that Phala Network and ai16z are experimenting with AI in a new collaboration.

Third on the list of top gainers is Virtuals’ aixCB, which rose almost 50% in the last 24 hours from $0.0357 to $0.6697.

The AI-powered community venture has over 140,000 community members, 23 grants in progress, and has distributed $5 million in awards.

The project also affected $20 million stake rewards in two weeks, which could have helped drive up the price.