Top 5 Gainer of the Day: HNT, ALGO, TUSD, USDP, USDC
- The largest cryptocurrency, Bitcoin, is trading at $18,000 in last 24 hours.
- Even though USDC is down 0.01% it is the 5th gainer from last 24 hours.
All of the top coins have been experiencing a bearish market during the last 24 hours. Even the largest cryptocurrency, Bitcoin, is trading at $18,000, while all other coins are on a red candle march. Despite this, the five gainers are Helium (HNT), Algorand (ALGO), TrueUSD (TUSD), Pax Dollar (USDP), and USD Coin (USDC), as per CMC.
Helium (HNT) is a blockchain-powered network for the Internet of Things (IoT) devices. The Helium network’s purpose, according to the whitepaper, is to incentivize the construction of physical and decentralized wireless networks. It is ranked 62nd in terms of market capitalization on CoinMarketCap. It is also the 1st gainer during the last 24 hours.
Helium (HNT) is currently trading at $4.4947, up 2.87% in the last 24 hours, with a market cap of $571,351,030 and a circulating volume of 126,435,699.25 HNT with 24h trading volume $30,736,210.
Algorand (ALGO) is a blockchain platform and cryptocurrency that functions similarly to a large payment processor. ALGO, the Algorand platform’s native token, was used to protect the network and reward its operators. And it is the 2nd top gainer from last 24 hours.
At the time of writing, the Algorand (ALGO) is trading at $0.3109, with a market cap of $2,165,532,388. And a 24-hour volume of $178,332,392, and circulating $178,751,192 and it was increased to 0.94%.
TrueUSD (TUSD) is the first independently verified digital asset that can redeemed 1:1 in US dollars. This multichain stablecoin eliminates counterparty risk, provides transparency, and avoids fraud by utilizing established institutions, trust accounts, and third-party confirmation. Its price is fluctuating, and it is one of the top three gainers during the last 24 hours.
TrueUSD (TUSD) is trading at $1 at the time of writing, with a 0.06% increase in 24h volume at $105.47M and circulating 1.08B TUSD with a market cap of $1,076,327,006.
Pax Dollar (USDP)
Pax Dollar, or USDP, is a token that is backed by cash and currency equivalents in a 1:1 ratio. USDP can exchanged or redeemed for US dollars through Paxos. USDP tokens are immediately withdraw from the supply upon redemption. In practice, USDP tokens exist only when the associated dollars are in custody.
It is a 4th gainer from the 24 hours and is trading at $0.9996, up 0.10%, with a 24-hour volume of $6.59M and a market cap of $946,819,489.
USD Coin (USDC)
USD Coin (USDC) is a stablecoin that is redeemable for US dollars at a 1:1 ratio. Coinbase and Circle collabration leads to launch of USDC. It is 5th gainer from last 24 hours.
At the time of writing, the USD Coin (USDC) is trading at $1.0001 with a 0.01% decrease and a 24h volume of $4.64B, a circulating supply of 50.16B USDC, and a market cap of $50,164,273,554.
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