CoinMarketCap Reports Top Gainers: 1INCH, Filecoin, and Klaytn
CoinMarketCap, the leading crypto price-tracking website, has identified 1INCH, Filecoin, and Klaytn as the top gainers in the last 24 hours with double-digit increases.
1inch Network (1inch) Rises 22.3%
In the past day, 1inch Network (1inch) has seen a significant rise of 22.3%, reaching $0.5223. The 1inch Network is a combination of decentralized protocols that facilitate efficient and secure operations within the decentralized finance (defi) sector. Its initial protocol acts as a decentralized exchange (DEX) aggregator.
The network recently released its year-in-review report, which highlighted various aspects, including notable statistics and the introduction of a new tool called the 1inch portfolio. This tool allows users to manage assets across multiple wallets on all chains. Within just over a month since its launch, the platform has gained over 100,000 active wallet addresses.
Filecoin Shows Strong Growth
Filecoin (FIL), a decentralized storage system aimed at preserving important information, comes in second place among top gainers. Despite no major updates for the project, Filecoin’s price has increased by 13.8% in the last 24 hours to reach $7.15. It has also experienced a surge of 34.4% in the past week.
Klaytn Rounds Out Top Gainers
Klaytn (KLAY), developed by Korean IT company Kakao, takes the third spot among top gainers for January 1st. Klaytn is a global Layer 1 public blockchain designed to support on-chain activities. It boasts the lowest transaction latency compared to other leading blockchains. Currently, Klaytn’s price stands at $0.2656, reflecting a 13.1% increase.
The recent announcement from The Klaytn Foundation regarding the Orbit Bridge hack has reassured stakeholders that the project remains unaffected.
Hot Take: Analyst Predicts Altcoin Season
An analyst from the Crypto Banter YouTube channel predicted a robust altcoin season for the cryptocurrency market. The current numbers seem to confirm this prediction, as evidenced by the significant gains of top cryptocurrencies like 1INCH, Filecoin, and Klaytn.
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