Two low-cap cryptocurrency gems had a stellar second quarter, more than quadrupling their market capitalizations in the last three months and significantly outpacing Bitcoin’s (BTC) relative gains.
The best performing cryptocurrency last quarter is Bancor (BNT) after rising 544.98%, as reported by the on-chain analysis company IntoTheBlock.
Bancor is a blockchain protocol that allows users to exchange various tokens directly without the need to go through a cryptocurrency exchange. Bancor seeks to address the illiquidity issue plaguing thousands of coins that offer legitimate services.
Last month, Coinbase said it is considering adding support for Bancor depending on whether the coin meets the exchange’s technical and regulatory standards. Also, market participants largely ignored the news involving a security vulnerability in Bancor’s decentralized exchange that forced developers to transfer the funds of affected wallets and protect users from nefarious actors. Bancor has since fixed the issue.
Last night, a vulnerability was discovered in a new version of the BancorNetwork