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Major cryptocurrencies were in the green on Monday night with Bitcoin (BTC) trading above the $40,000 level, but the biggest winner at press time was the digital security token Amp (AMP).
What happened: Bitcoin is trading up 3.44% at $4,0385.36 in 24 hours at press time. BTC is up 20.11% over a seven-day tracking period.
Ethereum (ETH) is trading up 3.99% at $2,597.95 at the time of writing, while Dogecoin (DOGE) is trading up 1.03% at $0.33.
Shiba Inu (SHIB), a self-designed to kill Dogecoin, is trading 3.27% higher at $0.000007072 at press time.
See also: How to buy Shiba Inu (SHIB)
While the dog-themed coins haven’t made impressive gains, the movement has moved a number of blockchain projects.
AMP traded up 31.3% at $0.079 in the 24 hours prior to press time. The cryptocurrency is up 88.45% in seven days, and AMP is up 26.88% and 25.64% against BTC and ETH respectively in 24 hours. Polkadot (DOT) is up 16.3% at $25.43 at press time in a similar time frame.
Other gainers Monday night over 24 hours include Fantom (FTM), up 9.66% at $0.306, and Chainlink (LINK), which traded 9.13% higher at $25.39.
Why it matters: AMP claims to decentralize asset transfer risks and ensure multiple types of value exchanges such as digital payments, fiat currency exchange or real estate sales.
Amp can guarantee any type of asset transfer, whether digital or physical. Today, AMP$ provides guarantees for instant fraud-resistant transactions made with over 25 different digital assets. #Amp101 pic.twitter.com/v5Dzfg4F5B
– Amp (@amptoken) Jun 7, 2021
AMP is up 1,107.03% since the beginning of the year. The cryptocurrency was listed on the Coinbase Global Inc (NASDAQ:COIN) Pro platform last week.
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk clarified the terms Sunday night under which the automaker will resume bitcoin payments.
See also: Did you start the year with a $1,000 bet on Polygon (MATIC), Dogecoin? Your coins can still get a high-quality Tesla
Other factors adding to Bitcoin’s bullish momentum include positive on-chain signals and the cryptocurrency making support for the Taproot soft fork.
On Monday, Coinbase Pro announced that it will be listing the DOT starting Wednesday. Inland transfers have already begun in areas where such circulation will be supported.
Now Read: Face-Class Coinbase Lawsuit From Customers Allegedly Closed Their Accounts for Long Periods
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