1INCH rings in new year as top crypto gainer
CoinMarketCap, the world’s most-referenced crypto price-tracking website, reports 1INCH, Filecoin, and Klaytn as top gainers with double-digit gains in the last 24 hours.
Over the past 24 hours, 1inch Network (1inch) has risen 22.3%, currently at $0.5223. The 1inch Network combines decentralized protocols to facilitate efficient, high-yield, and secure operations within the decentralized finance (defi) sector—the initial protocol within the 1inch Network functions as a decentralized exchange (DEX) aggregator.
While no significant releases were rolled out, the network presented an encouraging year-in-review report, shedding light on various aspects, including notable statistics, the 1inch portfolio new tool, which would enable users to manage assets across multiple wallets on all chains.
Within one and a half months of its launch, the platform has garnered over 100,000 wallet addresses actively utilizing its services.
Filecoin (FIL) sits in the runner-up spot, a decentralized storage system with a mission to preserve “humanity’s most important information.” Having raised $205 million through an initial coin offering (ICO) in 2017, the project initially anticipated a mid-2019 launch.
On the first day of January 2024, the price of Filecoin sits $7.15, a 13.8% increase in the last 24 hours, and part of growing interest this week with a 34.4% surge in the last seven days despite no major updates for the project. At the same time, a known analyst released a bullish prediction that may account for continued interest.
Crafted by the prominent Korean IT company Kakao, Klaytn (KLAY) rounds out the third spot in top gainers for Jan. 1. The project, which exists as a global Layer 1 public blockchain geared towards fueling the future landscape of on-chain activities, is said to provide the lowest transaction latency compared to other leading blockchains.
The live Klaytn price is currently at $0.2656, a 13.1% increase. The increase follows the recent announcement from The Klaytn Foundation, reassuring stakeholders that it remains unaffected by the Orbit Bridge hack.
An analyst from the Crypto Banter YouTube channel recently highlighted that the cryptocurrency market is on the cusp of entering a robust altcoin season according to a Dec. 28 release, current numbers proving his prediction to be true.
