While Bitcoin hovers around $95,400, several gaming and social tokens like BitBoard (BB) and Clash of Lilliput (COL) are leading the pack with notable 24-hour increases.
BitBoard has surged 104% in the last 24 hours, trading at $0.006162 from a low of $0.002903. BB has shown a price pump of 760% over the past week and 4,200% growth in the last 30 days. See below.
BitBoard describes itself as “a space for stars and fans that offers an online fandom service.” However, despite the price action, there haven’t been any notable announcements or developments from the project that would explain such price movements. The surge appears to be driven more by market speculation than fundamental developments.
Second on CoinGecko’s top crypto gainers list is Clash of Lilliput. The token jumped 64.3% in the past 24 hours from $0.2546 to $0.419 before falling to about $0.2874 at press time.
Unlike BitBoard, there is a clearer catalyst for COL’s price action.
The gaming token supports an “LG game based on the scenario of a race of miniature people building a tribe to help their survival and prosperity.”
The recent price surge coincides with an announcement about expanded token utility within the game ecosystem.
According to the team, users can now use COL to speed up upgrades, buy items, and trade pets & gear. They can also earn rewards based on their battle rankings.
This expansion of in-game token utility appears to be driving genuine user interest and demand.
TROLL climbed 52.3% over 24 hours, from $0.01996 to $0.03373.
Despite the impressive gains, TROLL appears to be a relatively new project with no clear developments or announcements that would explain the price surge.
It’s currently up 20.2% and trading at $0.03106.
The fourth coin on the list is ArcBlock which has gained 40% in the last 24 hours, trading at $1.15 from $0.817 at last check.
ArcBlock’s price movement appears connected to a specific product announcement.
The project recently unveiled ArcSphere which is described as “a different kind of browser” though specific details about its functionality and features were not provided.
While these smaller tokens post big gains, Bitcoin (BTC) has pulled back below $96,000. The overall crypto market cap has also dropped 0.9% from yesterday’s $3 trillion to $2.97 trillion as per CoinMarketCap data.
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