The price of coins like BANANAS31 and ANDY has spiked over 200% while the overall crypto market remains bearish.

According to CoinMarketCap data, the overall crypto market still remains bearish with just a 1.5% surge in global crypto market cap in the last 24 hours. Bitcoin (BTC) and Ethereum (ETH) are showing struggle at the $96,000 and $2,600 levels respectively.

However, as per CoinGecko data, Banana For Scale (BANANAS31) is the top gainer with over a 300% surge in the last 24 hours. The coin’s price has surged as high as $0.003756 from a 24-hour low of $0.0008696.

The coin has made its debut on the BNB Chain recently, which could explain its surge. Interestingly, Binance coin (BNB) is the top gainer with a 6% surge when it comes to the top 20 coins by market cap, which could explain BANANAS31’s pump.

The second token on the top gainers list is Andy BSC (ANDY). ANDY’s price went up by over 220% in the last 24 hours from a 24-hour low of $0.00000001188 to as high as $0.00000006437.

ANDY also announced that their team has been building on the BNB Chain. This announcement, alongside BNB’s price surge, could be the logical explanation behind the token’s spike.

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Author: Vignesh Karunanidhi