Crypto tokens like Lagrange (LA) and Ravencoin (RVN) went parabolic on Thursday even as Bitcoin and most altcoins plummeted. Lagrange price surged by over 155%, giving it a market capitalization of over $249 million, while Ravencoin soared by 65%.
This article explains why these tokens surged and why Bitcoin Pepe (BPEP) could be the next big thing.
Lagrange Price Surges 155%
Lagrange is a cryptocurrency project in the artificial intelligence space, offering three key solutions. It runs DeepProve, which verifies AI inferences using zero-knowledge proofs. It also operates the ZK Prover Network, which enables scalable proofs for AI, rollups, and ZK coprocessors.
Lagrange also features the ZK Coprocessor, which helps developers supercharge their applications using off-chain verifiable computing.
The LA token surged on Thursday after the developers launched their airdrop, which attracted exchange listings from some of the top companies in the industry. It was listed on Coinbase, Binance, Bybit, Bitget, and HTX. Other listings, including Upbit, could be on the way.
These listings led to a higher volume, which surged to over $395 million. However, there is a likelihood that it will drop in the coming days as the momentum fades. Additionally, traders will begin to question the upcoming token unlocks, given that the circulating supply is 193 million, against a total supply of 1 billion.
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Ravencoin Price Surges After Upbit Listing
The other top altcoin was Ravencoin, a proof-of-work coin created from a Bitcoin fork. RVN token surged to the highest point since January this year, beating most coins.
The surge occurred after Upbit, the largest cryptocurrency exchange in South Korea, listed it. Indeed, most of its volume—$222 million—came from Upbit. It was followed by Binance, Bithumb, and OKX.
Historically, crypto prices tend to surge parabolically when they are listed on Upbit, as South Korea is the third-largest market for crypto trading, following the US and China.
Bitcoin Pepe May Surge After Listing
The next big crypto to watch is Bitcoin Pepe, which is preparing for exchange listings following its successful token sale. It has become one of the most viral tokens of the year, attracting investors from various countries.
Bitcoin Pepe’s token listing was scheduled for earlier this month, but the developers postponed it as they work with more exchanges ahead of listing. The final listing date will be revealed mid this month.
The developers are working to ensure that Bitcoin Pepe will be the next big thing in the crypto industry. Their goal is to create a layer-2 network on Bitcoin focused purely on meme coins.
In an X post, they noted that the Bitcoin Pepe platform will have its decentralized exchange (DEX), a bridge, and a block explorer. They will then continue to add more solutions as the network evolves.
Bitcoin Pepe’s main benefit is that it will be the first, and probably the biggest, layer-2 network on Bitcoin. This means that it may grow just as Unichain did a few months after its launch a few months ago. Its growth has been strong as it has defeated popular chains like Cardano and Polygon.
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