Last month, cryptocurrency market capitalization exceeded $ 2 trillion for the first time in three months. Against this background, alternative coins showed a rapid growth of hundreds and thousands of percent.
In August, the price of bitcoin for the first time since mid-May broke through the $ 50 thousand mark, and the cryptocurrency market capitalization exceeded $ 2 trillion.
Against this background, there is also an increase in the value of altcoins. The highest gains in digital coins in the past month were: Fibos (FO), Cake Monster (MONSTA), Evanesco Network (EVA), 8Pay (8PAY) and Alchemy Pay (ACH).
Fibos (FO)
In August, the price of the Fibos token increased by 850%, on September 1, the altcoin is traded at $ 0.038.
At the same time, in August its value at its peak exceeded $ 0.045 (an increase of 1025% since the beginning of August). The capitalization of the Fibos token has increased to $ 40 million, according to CoinMarketCap.
Fibos is a platform for building and developing an ecosystem of blockchain applications.
Cake Monster (MONSTA)
In August, the Cake Monster token has risen in price by 993%, on September 1, the price of the altcoin is $ 0.003.
Last month, its value climbed to the level of $ 0.005 (an increase of 1566% since the beginning of August). Cake Monster token capitalization exceeded $ 19.4 million.
Cake Monster is a deflationary protocol that buys the Pancake Swap (CAKE) cryptocurrency exchange token using fees from transactions on the network.
When the protocol has accumulated more than $ 1 million, the accumulated CAKE tokens will be distributed among the MONSTA holders.
Evanesco Network (EVA)
The value of the Evanesco Network token increased by 1050% last month; on September 1, the cryptocurrency is trading at $ 0.23.
In August, the price of the token renewed its all-time high at around $ 0.34 (an increase of 1600% since the beginning of the month). Cryptocurrency capitalization exceeded $ 9.5 million.
Evanesco Network is an encrypted protocol that makes it easier for developers to access NFT, DeFi and Web 3.0 technologies.
8Pay (8PAY)
Last month, the value of the 8Pay token increased by 1057%. On September 1, the cryptocurrency is trading at $ 0.22.
Altcoin price reached $ 0.40 in August (2005% growth since the beginning of the month). The capitalization of the 8Pay token has grown to $ 6 million.
8Pay is a cryptocurrency payment system built on top of the Binance Smart Chain.
Alchemy Pay (ACH)
In August, the Alchemy Pay token has risen in price by 1993%. On September 1, it traded at $ 0.09. Last month, the altcoin price reached $ 0.18 (an increase of 4086% since the beginning of August).
Alchemy Pay has a market cap of $ 174.9 million, according to CoinGecko.
In early August, the developers of Alchemy Pay announced a partnership with the world’s largest cryptocurrency exchange in terms of trading volume, Binance.
After that, the project announced the release of its own cryptocurrency cards in cooperation with Visa and MasterCard. Alchemy Pay crypto cards will support over 40 cryptocurrencies.
Alchemy Pay is a universal hybrid fiat and crypto payment system for enterprises that can be used in any existing main offline systems (POS terminals, payment terminals, mobile devices, etc.),
online or embedded structures for accepting payments.