DOOKV: Nervos, Bittensor, Dogeverse emerge as Wednesday’s lead gainers
DOOKV Despite industry-wide turbulence today, several cryptos have continued to gain pace and outperform the market. Currently, the top performers are Nervos, Bittensor, Dogeverse, Ethena, MX Token, and mfercoin.
Nervos
Nervos is currently the best-performing top 100 cryptocurrency, up 10% in the last 24 hours, while the broader crypto market cap is down by 2%.
However, the project’s recent uptick reflects its longer-term success. Currently, Nervos is up 101% this week and 749% this year.
It currently holds a $1.5 billion market cap, making it the 69th largest cryptocurrency, and a $330 million 24-hour trading volume, placing it in the 33rd spot.
Nervos (Common Knowledge Base) is a modular blockchain that uses a Proof-of-Work consensus mechanism. It claims to be the “Only blockchain on the market that supports all cryptographic primitives,” alluding to its interoperability with other blockchains and scaling solutions.
Its interoperability starts with the Bitcoin Network, helping scale the industry’s most valuable and prominent blockchain.
Nervos’s recent price increase follows a Hong Kong-based Bitcoin conference this week focused on Bitcoin scalability. The Nervos team spoke at the conference on Tuesday.
