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Altcoin prices stayed in the green on Thursday as digital assets defied the crypto winter. - Photo: Shutterstock

Most altcoin prices stayed in the green Thursday as digital assets contradicted the crypto winter.

The majority of top 100 cryptocurrencies were up again after enjoying some solid increases on ]Wednesday. Low-profile altcoin prices again stole the show, but some big names also posted large increases.

STORJ enjoyed another banner day as it was up about 14% in afternoon trading in North America. (All figures based on CoinMarketCap data.)

But large player AAVEs increase was also in the same ballpark, ranking second among top gainers. AAVE was up about 18% from a week earlier.

Relative unknown internet computer (ICP) which is well-priced at more than $6 despite its low profile posted a 10% gain. Polygon (MATIC), whose increase trailed ICP by a few basis points, rounded out the four gainers.

Other lesser lights that stood out included the Convex Finance coin (CVX), MINA, NEO, NEAR, gnosis (GNO). And, NEXO was well in the green again after ranking among top gainers on Wednesday.

NEXO appears to be picking up steam after its parent company of the same name announced that it intends to buy distressed crypto lender and trader Vauld earlier this week.

Vauld froze deposits, withdrawals and trades earlier this week.

But the troubled Celsius Networks coin (CEL) bucked the rising altcoin price gain during afternoon. CEL nosedived 16% after the Wall Street Journal reported that the crypto lending company behind the network and digital asset had shaken up its board.

The Celsius Network froze customer withdrawals and transfers in mid-June while extreme market conditions. The company has slashed its debt, according to reports from Crypto Potato and other outlets.

VGX, the coin backed by troubled crypto lender and trader Voyager Digital, was down marginally.

Voyager Digital filed for Chapter 11 bankruptcy in the US on Tuesday and is seeking protection from creditors in Canada, where the companys stock had traded before being suspended Wednesday by the countrys investment industry regulator.

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Mark Cuban, the owner of the Dallas Mavericks NBA team, has come under fire from its fans on social media, including Reddit and Twitter, for promoting Voyager to them in a five-year partnership with the company launched in October 2021.

The critics included New York Times bestselling author James (Jim) Rickards, who is also the editor of the Strategic Intelligence financial newsletter.

When Mark Cuban partnered with crypto player Voyager, he said, There's a lot of hype..but most people don't understand the fundamentals behind it. I guess Cuban didn't either. It's called banking, Rickards wrote on Twitter.

Ether (ETH) rises with bitcoin

Bitcoin (BTC) rose above $21,000 which is considered a key benchmark as investors hope to avoid a precipitous drop. The worlds largest cryptocurrency posted a solid increase of approximately 6%.

Ether (ETH) made a similar jump.

See the original post:
Crypto market wrap: altcoin prices stay in the green - Capital.com