In the ever-evolving world of cryptocurrencies, the month of July witnessed some surprising gainers among the top 100 cryptocurrencies, despite the overall market registering a $6 billion loss.
Top Five Cryptocurrency Gainers in July Revealed
Not so old Ripple (XRP) case with the US Securities and Exchange Commission (SEC) in addition to vivid state of crypto, certain cryptocurrencies managed to outshine others.
XDC Network Emerges as Top Gainer
The XDC Network (XDC) takes the crown for the top gainer of July, boasting an impressive 82% rise over the past month. Currently, the asset trades at $0.058, with a market cap exceeding $808 million. Interestingly, data from Santiment reveals that XDC’s monthly volatility has surged to 0.27, hitting a 23-month high.
Maker (MKR) Token Secures Second Spot
Following closely, the Maker (MKR) token secured the second spot with a significant 79.82% gain in July. Despite a 30% drop in trading volume over the past 24 hours, MKR’s market capitalization rose to a robust $1.24 billion. The token currently trades at $1,271, with its four-week price volatility showing a downward trend.
The third spot is claimed by Bone ShibaSwap (BONE)
The third spot is claimed by Bone ShibaSwap (BONE), which saw a 53.47% rise over the past month. BONE’s 24-hour trading volume has increased by 3.5%, reaching $10.11 million. Meanwhile, XRP also made headlines with a 48.47% gain, with its trading volume skyrocketing by 105%, surpassing the $1.4 billion mark.
Stellar (XLM) Rounds Up the Top Five List
Last but not least, Stellar (XLM) secured the final place in the top five list. XLM is up by 47.5% in the past 30 days and is currently trading at $0.15. However, Santiment data shows that XLM’s price volatility has peaked at a 19-month high, indicating a potentially exciting future for the cryptocurrency.
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