Top 5 Cryptocurrency Gainers of the Day

Top 5 Cryptocurrency Gainers of the Day
  • Top 5 cryptocurrencies by an increase in price are EOS, SNX, LDO, AAVE, and NEXO.
  • EOS increased around 17% in the last 7 days.

The whole cryptocurrency market experienced a massive crash as a result the top cryptocurrencies fell into the gloomy market. However, the crypto market recovering from more than three months of a bear market. The recent boom had a favorable effect on the current market volatility. According to CoinMarketCap (CMC), the global cryptocurrency market cap exceeds $1 trillion.

Let’s look at the top 5 cryptocurrencies in terms of price gain

EOS

EOS is an open-source blockchain network which is focusing on security, flexibility, and performance. The smart contract platform controls millions of transactions per second and eliminates transaction costs.

EOS Price chart (Source- CMC)

According to CMC,  EOS traded at $1.53 with a trading volume of $655 million. EOS is increased around 17% in the week and 8.95% in the last 24 hours, with a market cap of $1.5 billion.

Synthetix (SNX)

Synthetix (SNX) is decentralized finance  (DeFi) protocol based on the Ethereum (ETH) network. SNX protocol offers on-chain exposure to a wide range of digital and non-digital assets. 

Synthetix (SNX) price chart (Source- CMC)

At the time of writing, Synthetix (SNX) traded at $2.97 with a trading volume of $74 million. SNX is up 8.18% in the last 24 hours, with a market cap of $343 million.

Lido DAO (LDO)

Lido is a liquid staking solution for Ethereum. It allows users to stake their ETH while engaging in on-chain activities, such as lending, to increase returns without requiring any minimum deposits or infrastructure maintenance.

Lido DAO price chart (Source- CMC)

According to CMC,  Lido DAO traded at $2.00 with a trading volume of $243 million. Lido DAO increased by 5.96% in the last 24 hours,  with a market cap of $624 million. 

Aave (AAVE) 

Aave is a decentralized financial protocol that enables the lending and borrowing of digital currency. Lenders can earn interest, by investing digital assets into specifically designed liquidity pools. Then, utilizing this liquidity, borrowers can obtain a quick loan by pledging their cryptocurrency as security.

Aave price chart (Source- CMC)

According to CMC, Aave traded at $87.03 with a trading volume of $142 million. Aave increased by 5.21% in the last 24 hours with a market cap of $1.2 billion.

Nexo (NEXO)

Nexo is a  lending platform it provides users rapid loans backed by cryptocurrencies. Nexo accepts tokens such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), or XRP (XRP), as a security deposit for a loan in the form of fiat currency or a stablecoin.

Nexo (NEXO) price chart (Source- CMC)

At the time of writing, Nexo traded at  Nexo price today is $0.9208 with a trading volume of $12 million. Nexo increased around 4.60% in the last 24 hours, with a market cap of $515 million. 

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A journalism graduate who is passionate about writing loves to dance and travel currently starts exploring blockchain technology.