In the top 100 cryptocurrencies, five names, including Tezos (XTZ), Celo (CELO), Icon (ICX), Harmony (ONE) and Cosmos (ATOM), are leading the way with increasing 24-hour returns and adding to the total to hold According to CoinMarketCap, its market cap is stable at over $ 2 trillion.
Tezos, Icon and Celo have double-digit gains as their market capitalization surpasses $ 2 trillion
At press time, Celo (CELO) is top at 35.56% for the past 24 hours and is currently trading at $ 6.17. Meanwhile, Tezos ranks second, up 32.74% in the past 24 hours and currently stands at $ 6.13. The symbol also represents a double digit win for the day and holds third place. In the end, Cosmos (ATOM) and Harmony (ONE) took fourth and fifth place.
Top 5 cryptocurrencies by market in 24 hours | Source: CoinMarketCap.com
To understand why these names were among the top 5 top 100 cryptocurrencies on the market for the past 24 hours, let’s dive a little deeper into the news and its latest development lately.
# 1: Tezos (XTZ)
The 26,000 NFT Doja Cat Limited Edition Collection was released on September 8th by GreenCat, a platform for music artists and fans based on the Tezos blockchain.
In addition, DAO organizations’ homebase protocol was also recently published on the Tezos blockchain. Using the network’s smart contract functionality, users and developers can create institutions such as decentralized treasuries that allow users to manage themselves.
With around 135 projects and dApps under development in its network, Tezos quickly gained the supremacy of Ethereum. A few weeks ago, Tezos announced that it would partner with the DeFi platform EQIFI to offer asset lending services in the ecosystem. In addition, crypto companies in Switzerland have teamed up with Tezos to provide crypto assets on its blockchain.
With 3.4 million followers on Twitter and another 14.3 million on Instagram, American musician, rapper and singer Doja Cat has had an overwhelming influence on popular culture. , started an NFT collection on the OneOf platform operated by Tezos.
Most of the most popular NFT projects were launched on Ethereum, including Loot, CryptoPunks, and Bored Apes. However, the introduction of Doja Cat is a little different. The musician chose Tezos because the blockchain takes a greener approach to the carbon-intensive business sector.
“I don’t know much about NFT. But what I do know is that they can be environmentally harmful and expensive. It’s not mine, “she shared.
Tezos has long been seen as a greener alternative to Ethereum as it uses the Proof-of-Stake consensus algorithm instead of Proof-of-Work (PoW). PoW takes a lot of energy to power the physical machines that verify cryptocurrency transactions.
At press time, XTZ is trading at $ 6 with a market cap of $ 5.1 billion.
XTZ / USDT 4H | Source: TradingView
# 2: Celo (CELO)
Celo’s goal is a blockchain-powered mobile payment platform to simplify the proof-of-stake payments used on that blockchain. The project consists of three main components: the Celo platform, CELO and cUSD (an asset of stable value).
All users using a smartphone or tablet have access to DeFi tools and services through the Celo platform. In the meantime, this ecosystem’s token, CELO, serves as the main component of the stability mechanism.
To prepare for the recent $ 100 million incentive project DeFi for the People, Celo has partnered with well-known crypto organizations and DeFi projects, including Chainlink, RabbitHole, Aave and Sushi. One of the goals of the initiative, announced on August 30, 2021, is to make it easier for retail investors, especially in less developed countries, to participate in the DeFi ecosystem.
At press time, CELO is trading at $ 5.25 with a market capitalization of $ 1.5 billion.
CELO / USDT 4H | Source: TradingView
# 3: symbol (ICX)
Icon is a blockchain technology with smart contracts and interoperability that was introduced in 2017. ICX is the native token of the Icon network. In combination with other chains, Icon creates an aggregated chain that aggregates all blockchain data into a single layer. A new interoperability solution “Blockchain Transport Protocol (BTP)” developed by Icon enables the connection of all integrated blockchains.
It should also be noted that I CON 2.0 was planned by the development team. The migration from ICON 1.0 to 2.0 is almost complete and testing is nearing its end. The network’s revised roadmap indicates that the roll-out will be short-lived.
At the time of publication, ICX is trading at $ 1.89 with a market cap of $ 1.28 billion.
SYMBOL / USDT 4H | Source: TradingView
# 4 and # 5: harmony (ONE) and cosmos (ATOM)
Blockchain Proof-of-Stake Harmony explain Executes transactions in two seconds with minimal cost. On September 9, the blockchain company announced that ONE would be deployed for $ 300 million over a four-year period. In fact, the company plans to use the fund to help more crypto founders, builders, and initiatives. This supportive move by the company may have sparked positive sentiment around the token, leading to its recent price spike.
ONE is currently trading at $ 0.17 with a market capitalization of $ 1.8 billion.
ONE / USDT 4H | Source: TradingView
In the meantime, Axelar, the blockchain network platform and dApp on Cosmos, partnered with Pangolin, a DEX, on September 8th. Through this step you can access assets from Blockchain Cosmos and others. Previously, the network was expanded to include the DeFi ecosystem and cross-chain bridges were built on blockchains.
Cosmos’ ATOM token price hovers around the 27.7 mark and has a market cap of $ 6.1 billion.
ATOM / USDT 4H | Source: TradingView
The global market capitalization of cryptocurrencies is now $ 2,120 billion, up 0.63% from yesterday’s level. In the past 24 hours, the total crypto market volume was $ 135.37 billion, 21.59% less than the previous day. Currently, DeFi’s 24-hour trading volume is $ 22.40 billion, or 16.55% of the total 24-hour market volume.
It’s important to note that the market bounced back to the $ 2 trillion mark after falling below it on September 8th. Among them, Bitcoin accounted for 41.2% and dominated the entire market while Ethereum accounted for 19%.
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According to Finbold