Jupiter and JasmyCoin lead the rally: Top crypto gainers and losers of the day
crypto.news 27 July 2024 21:16, UTC Over the past 24 hours, Jupiter and JasmyCoin have surged as the top gainers among the leading 100 crypto assets, while Bittensor and Mantra have plunged as the top losers.
Top gainers
Jupiter
Jupiter (JUP) led the charge among the top gainers on July 27.
At the time of writing, the crypto asset had surged by 12.6% over the last 24 hours and was exchanging hands at $1.16. JUP’s daily trading volume was hovering around $282 million, per data from crypto.news.
Moreover, the cryptocurrency’s market cap stood at $1.56 billion, making it the 62nd largest crypto asset, per CoinGecko. Despite the recent price rise, the token is still down 42.6% from its all-time high of $2 reached on Jan. 31.
Jupiter functions as a decentralized exchange aggregator that lets users swap Solana-based tokens. The platform also offers users the best routes for direct swaps across multiple exchanges and liquidity pools.
In addition to being a DEX aggregator, Jupiter has expanded to become a “full stack ecosystem” by launching several new projects, including a dedicated pool to support perpetual trading and plans for a stablecoin.
JasmyCoin
JasmyCoin (JASMY) is up by 12% in the past 24 hours and is trading at $0.0328 at press time. The daily trading volume of JASMY increased by 10% over the past 24 hours, reaching $146 million.
The asset’s market cap has surged over the $1.5 billion mark, making it the 60th-largest cryptocurrency at reporting time. However, the self-declared “Japan’s Bitcoin” is still down by 99.3% from its all-time high of $4.79 on Feb. 16, 2021.
JASMY is the native token of Jasmy Corporation, a Japanese internet-of-things provider. The platform seeks to merge blockchain technology’s decentralization with IoT, enabling users to convert their digital information into digital assets.
The initiative was established by Kunitake Ando, former COO of Sony Corporation, along with Kazumasa Sato, former CEO of Sony Style.com Japan Inc., Hiroshi Harada, an executive financial analyst at KPMG, and other senior executives from Japan.
Kaspa
Kaspa (KAS) has experienced a 100% surge in trading volume and an 8% rise in price during the last 24 hours, trading at $0.19 at the time of publication.
According to data from CoinGecko, Kaspa now ranks 27th in the global cryptocurrency list, with a circulating supply of around 24.29 billion KAS tokens and a market capitalization of $4.59 billion.
Kaspa is a cryptocurrency designed to offer a high-performance, scalable, and secure blockchain platform. Its unique Layer-1 protocol features the GhostDAG protocol, a proof-of-work (PoW) consensus mechanism that enables faster block times and higher transaction throughput compared to standard blockchains.
In contrast to Bitcoin, GhostDAG permits the simultaneous creation of multiple blocks, accelerating transactions and increasing block rewards for miners.
Bonk
Bonk (BONK) is the only meme coin that made it to this list of top gainers and jumped 8.6% in the last 24 hours. Trading at $0.000030, the Solana-based meme coin’s market cap had surpassed $2.1 billion, overtaking Floki (FLOKI), another dog-themed competing meme coin whose market cap stood at 1.78 billion.
BONK’s daily trading volume was hovering around $285 million. However, BONK is still down 33.5% from its all-time high of $0.000045, which it attained on March 4.
Bonk, a meme coin that rose to prominence in 2023, significantly contributed to the increase in Solana’s value amid the meme coin frenzy.
Originally just another dog-themed meme coin, Bonk has since broadened its functionality to include integration with decentralized finance. The project also partners with cross-chain communication protocols, NFT marketplaces and a variety of other cryptocurrency ecosystems.
BONK trading pairs are now listed on leading exchanges, including Binance, Coinbase, OKX and Bitstamp.
Top losers
Bittensor
Bittensor (TAO) was the top loser among the largest 100 crypto assets, per data from CoinGecko.
At the time of writing, TAO, the native token of the decentralized AI project Bittensor, dropped 5%, trading around $344. The crypto asset had a daily trading volume of $59 million and a market cap standing at $2.43 billion.
Bittensor, established in 2019 by AI researchers Ala Shaabana and Jacob Steeves, initially functioned as a parachain on Polkadot before transitioning to its own Layer-1 blockchain in March 2023.
Mantra
Mantra (OM) had dropped 6%, trading at $1.13 at press time. The digital currency’s market cap has dropped to $938 million. Additionally, the 82nd largest crypto asset is showing a daily trading volume of $26 million.
Mantra is a modular blockchain network featuring two chains, Manta Pacific and Manta Atlantic, specializing in zero-knowledge applications.
Mantle
Mantle (MNT) has also recorded a 2.4% dip in its price, now exchanging hands at $0.8413. Currently, Mantle has a market cap of around $2.75 billion, placing it in 36th place in global cryptocurrency rankings by market cap, according to price data from crypto.news.
Over the past 24 hours, MNT’s trading volume has also dipped by 6%, reaching $240 million.
Mantle, previously known as BitDAO, is an investment DAO closely associated with Bybit. The MNT token is integral for governance, paying gas fees on the Mantle Network, and staking across various platforms.
Built on the Ethereum network, Mantle provides a platform for decentralized application developers to launch their projects. It has become particularly popular for GameFi applications, leading to the formation of an in-house Web3 gaming team.
