In today’s edition of Bitcoin in Brief, your daily roundup of crypto news, we take a look at the best performing coins of the last 24 hours. Can they sustain their momentum, or is it a classic case of “Buy on the rumor, sell on the news?”
Verge and Ubiq Make Great Gains
A lot of crypto traders have a lot of love for ubiq, an ethereum fork that typically trades for just over a dollar. That love hasn’t converted into any sort of tangible movement for months…until yesterday, when the coin finally took off, climbing 73% in a matter of hours. The sudden pump is being attributed to an escher token airdrop to ubiq holders on April 30. It’s easy to write off airdrops, but they’re effective at pumping coins in advance and occasionally, in the case of ontology, the airdropped token itself proves to be a hit.
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