As simple as it seems, Bitcoin (BTC) is considered a store of value. But the price of BTC over the week has dropped closer to $30,000. While the same bearish signal does not apply to all other altcoins.
On Friday, a number of smaller-cap altcoins were able to fight the bearish attack with double-digit gains before traditional markets closed for the weekend. When a group of altcoins follows Bitcoin in the market, there are some altcoins that outperform BTC.
The market is witnessing some new altcoins which are outperforming the other leading cryptocurrencies. Likewise, the report from Trading View shows the top movers in the last 24 hours, which are NEM (XEM), Augur (REP), ans District0x (DNT).
Additionally, it has to be noted that four of the top gainers are layer-one protocol. It is a fascinating growth for altcoins whereas Ether is still shaky below $2000. The community is waiting with bated breath to see if the upcoming London hard fork improves Ether price and the network’s transaction process.
Lately, investors have witnessed a lot of changes in the market, with unexpected coins surging within a short span. Following the hike of Shiba Inu, the market has welcomed many meme-coins, with some reaching highs and others disappearing. Surprisingly, the majority of the gainers in the last 24 hours are layer-one protocols. Besides, Cryptorank recently listed the top ten gainers in the tron system, providing investors with a clear picture.
Current Statistics of XEM, REP, and DNT
Let’s have a look at the top gainers from the past 24 hours which are NEM, Augur, and District0x.
NEM: The current trading price of XEM is $0.157 with a trading volume of $638,146,858. Besides, the token’s volume increased to $532 million and price surged 35%, on July16.
Augur: The current trading price of REP is $22.47 with a trading volume of $533,891,321. On July 13, the price of REP began to rise after the 24-hour trading volume increased from a daily average of $17 million to more than $521 million on July 14. Because of the sudden spike in trading volume, the price of REP increased by 57% from a low of $14.60 to a high of $22.97.
District0x: At the time of writing, the price of DNT is $0.121 with a 24-hour trading volume of $36,913,358. On July 16, DNT’s trading volume increased from $3 million to more than $60 million. As a result, the price surged 73% from $0.112 to a high of $0.193.
Distric0x is a protocol that promotes itself as a “network of decentralised markets and communities”. It specialises in assisting users in establishing their own decentralized autonomous organisations (DAO).
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