Altcoin Explosive Growth: BRETT, PYR, KAS, and NGL Dominate the Charts in Market Performance

June 4, 2024 at 11:28 AM GST 2 mins read Market

Brett (BRETT) price soared 32.4% in 24 hours, achieving a $1 billion market cap on Coinbase’s layer-2 blockchain.
Vulcan Forged (PYR) saw a 25.3% increase, driven by its robust play-to-earn ecosystem and NFT trading.
Kaspa (KAS) price surged 22.1%, with significant growth in mining activity and enhanced transaction security.

As of June 4, 2024, the price of Bitcoin had climbed by 0.24% and BNB had risen 3.43%. Despite startling market changes, these four cryptocurrencies experienced large price increases.

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Brett (BRETT)

Brett (BRETT) price rose 32.4% within 24 hours and touched $0.1196. Brett’s market cap stands at around $1.1 billion, with a trading volume of $94 million, recording a correction of 32.39% in the last 24 hours.

BRETT, a meme coin inspired by Matt Furie’s Boys’ Club comic, became the first meme coin to reach a market capitalization of $1 billion on the layer-2 blockchain network incubated by Coinbase this weekend.

Vulcan Forged (PYR)

The price of Vulcan Forged (PYR) expanded by 25.3% in 24 hours, coming to $5.90. Vulcan Forged market capitalization is over $173 million, with exchange volume coming to $130 million, talking to a remarkable growth of 1630.93% in 24 hours.

Vulcan Forged combines a game studio dedicated to NFT games built on Ethereum, Polygon, and BNB Chain, as well as an NFT marketplace, launchpad, decentralized exchange (DEX) called VulcanDex, and a decentralized application (dApp) incubator that continues to support third-party game creators and holds NFT trading for its native ecosystem.

Kaspa (KAS)

Kaspa’s (KAS) price expanded by 22.1% in 24 hours, reaching $0.1799. Kaspa’s market esteem is around $4 billion, with trading volume coming to $167 million, up 162.67% in the last 24 hours.

Yonatan Sompolinsky, a researcher who worked on the GHOSTDAG Ethereum protocol, founded Kaspa coin, a digital currency network. Kaspa, which was launched in 2021, attempts to address the scaling issues that traditional blockchains encounter while prioritizing security, efficiency, and user experience.

Entangle (NGL)

Entangle (NGL) price rose 17.2% in 24 hours. NGL briefly touched $0.8248. On June 4, 2024, Entangle’s market capitalization was around $90 million, with a trading volume of $3.3 million, registering a surge of 83.88% within 24 hours.

Today’s rise in NGL crypto prices largely came after Entangle confirmed the integration of Solana into its Photon messaging protocol, marking an important milestone for the blockchain interoperability platform.

While achieving interoperability between different ecosystems has historically proven challenging, Entangle has become the first protocol to enable trustless cross-chain messaging between the Ethereum Virtual Machine (EVM) ecosystem and non-EVM Layer-1 networks such as Solana.

BRETT, PYR, KAS, and NGL are poised for growth in the crypto industry. BRETT, as the first meme coin on Coinbase’s layer-2 blockchain, PYR’s play-to-earn ecosystem, KAS’s enhanced security, and NGL’s cross-chain interoperability with Solana, position them as key innovators ready to capitalize on recent successes.