Braintrust Pumped By 90% In 24 Hours Leading Gainers

BTRST chart
  • Braintrust pumped by 90% in 24 hours
  • Braintrust leading top gainers moved into top 100 coins briefly

Today, June 21, 2022, Brainstrust is the leading digital asset in the coin market. Data seen from Coinmarketcap shows that the coin has gained 89.9% in the past 24 hours.

It is the highest gaining cryptocurrency on a day that most altcoins reversed their massive losses. However, among the top 100 cryptocurrencies, Braintrust is the only asset that has gained up to 90% in the past 24 hours.

Within the same period, BTC has gained 5% at $21,413, while ether gained 4.7% at $1,168.

Other Gainers Among Top 100

Other assets that made remarkable gains are Waves, 43%, Shiba Inu, 28%, Uniswap, 19%, Aave, 21%, Siliqua, 22%, Fantom, 13%, IOST, 15% and Filecoin, 11%.

Braintrust is currently rated number 110 based on market capitalization of $245 million. It briefly moved to number 95 before dropping back to above 100. This could be an indication that the coin has been pumped. Its daily volume at the time of filing the report is up by 202% to $5 million. The low volume makes it highly volatile and subject to pump and dump.

The platform is described as:

“the first decentralized talent network that connects skilled, vetted knowledge workers with the world’s leading companies”

It states that the community is also the builders instead of depending on a central platform.

Price History of BTRST

A look at the BTRST/USD chart shows that the coin was valued above $32 on September 15, 2021. Six days later, Braintrust dropped to $10, losing 69% of its value. The coin dropped to $5.7 by October 30. By January 20, it dropped to $2.3. Since then it has not traded above $5 and actually dropped to $1.4 two days ago. It seems that the recent rally is an attempt to boost the value of the coin.

The co-founder of Braintrust, Adam Jackson, said that the success that the platform is recording is the consequence of providing real value to people. In a post he made on Twitter today, Jackson said that:

“The companies that are providing actual, real value to the world will grow.”

Price Action of BTRST

Braintrust Chart

On the 50-day MA, it is obvious that the coin is still on a downtrend despite today’s pump. The 21-days MA shows that the pump is not sustainable since it actually lacks the volume to sustain it. The RSI is 62, indicating that the coin is not yet overbought so we may see slight increase in the value in the coming hours. Sustainability is another issue.

Author: Jinka Kamma

Jinka Kamma is passionate about the prospects of blockchain and the freedom cryptocurrencies afford people across borders. He holds small amounts of bitcoin and tether.

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