Top crypto gainers and losers of the day

In the last 24 hours, Jupiter and JasmyCoin rose as the top gainers among the 100 leading crypto assets, while Bittensor and Mantra fell as the top losers.

Jupiter top earners

Jupiter (JUP) led the way among the biggest gainers on July 27.

At press time, the crypto asset was trading at $1.16, up 12.6% in the last 24 hours. According to data from Crypto.news, JUP’s daily trading volume was hovering around $282 million.

JUP 24-hour price chart | Source: crypto.news

Moreover, the cryptocurrency had a market cap of $1.56 billion, making it the 62nd largest crypto asset, according to CoinGecko. Despite the recent price surge, the token is still 42.6% down from its all-time high of $2 reached on Jan. 31.

Jupiter functions as a decentralized exchange aggregator that allows users to trade Solana-based tokens. The platform also offers users the best routes for direct swaps across multiple exchanges and liquidity pools.

In addition to being a DEX aggregator, Jupiter has also become a “full-stack ecosystem” by launching several new projects, including a dedicated pool to support continuous trading and plans for a stablecoin.

JasmyCoin

JasmyCoin (JASMY) is up 12% in the last 24 hours and is trading at $0.0328 at press time. JASMY’s daily trading volume has increased by 10% in the last 24 hours, reaching $146 million.

JASMY 24-hour price chart | Source: crypto.news

The asset’s market cap has risen above $1.5 billion, making it the 60th-largest cryptocurrency at the time of reporting. However, the self-proclaimed “Bitcoin of Japan” is still 99.3% off its all-time high of $4.79 on February 16, 2021.

JASMY is the native token of Japanese Internet of Things provider Jasmy Corporation. The platform aims to combine the decentralization of blockchain technology with IoT and enable users to convert their digital information into digital assets.

The initiative was founded by Kunitake Ando, ​​former COO of Sony Corporation, Kazumasa Sato, former CEO of Sony Style.com Japan Inc., Hiroshi Harada, senior financial analyst at KPMG, and other senior executives from Japan.

Kaspa

Kaspa (KAS) saw a 100% increase in volume and 8% increase in price over the last 24 hours and was trading at $0.19 at the time of publication.

NOV 24-hour price chart | Source: crypto.news

According to data from CoinGecko, Kaspa ranks 27th on the global cryptocurrency list with a circulating supply of approximately 24.29 billion KAS tokens and a market cap of $4.59 billion.

Kaspa is a cryptocurrency designed to deliver a high-performance, scalable, and secure blockchain platform. Its unique Layer-1 protocol includes the GhostDAG protocol, a proof-of-work (PoW) consensus mechanism that provides faster block times and higher transaction throughput compared to standard blockchains.

Unlike Bitcoin, GhostDAG allows multiple blocks to be created simultaneously, speeding up transactions and increasing miners’ block rewards.

Lighter

Bonk (BONK) is the only meme coin to make it onto this list of top gainers, jumping 8.6% over the past 24 hours. Trading at $0.000030, the Solana-based meme coin’s market cap has surpassed $2.1 billion, surpassing another rival dog-themed meme coin, Floki (FLOKI), which has a market cap of 1.78 billion.

BONK 24-hour price chart | Source: crypto.news

BONK’s daily trading volume was hovering around $285 million. However, BONK is still down 33.5% from its all-time high of $0.000045 reached on March 4.

Bonk, a meme coin that rose to prominence in 2023, has contributed significantly to the rise in value of Solana amid the meme coin craze.

Originally just another dog-themed meme coin, Bonk has since expanded its functionality to include integration with decentralized finance. The project is also partnering with cross-chain communication protocols, NFT marketplaces, and various other crypto ecosystems.

BONK trading pairs are now listed on leading exchanges such as Binance, Coinbase, OKX, and Bitstamp.

Biggest losers Bittensor

According to CoinGecko data, Bittensor (TAO) was the biggest loser among the top 100 crypto assets.

At the time of writing, TAO, the native token of decentralized AI project Bittensor, was down 5% and trading at around $344. The crypto asset had a daily trading volume of $59 million and a market cap of $2.43 billion.

TAO 24-hour price chart | Source: CoinGecko

Founded in 2019 by AI researchers Ala Shaabana and Jacob Steeves, Bittensor initially functioned as a parachain on Polkadot before migrating to its own Layer-1 blockchain in March 2023.

Mantra

Mantra (OM) is down 6% and was trading at $1.13 at press time. The digital currency’s market cap has fallen to $938 million. Also, the 82nd largest crypto asset is showing a daily trading volume of $26 million.

OM 24-hour price chart | Source: crypto.news

Mantra is a modular blockchain network consisting of two chains, Manta Pacific and Manta Atlantic, specializing in zero-knowledge applications.

Cloth

Mantle (MNT) has also seen a 2.4% drop in price and is currently changing hands at $0.8413. Currently, Mantle has a market cap of around $2.75 billion, ranking 36th in the global cryptocurrency rankings by market cap, according to price data from crypto.news.

MNT 24-hour price chart | Source: CoinGecko

MNT’s trading volume also fell by 6 percent in the last 24 hours to $240 million.

Mantle, previously known as BitDAO, is an investment DAO closely associated with Bybit. The MNT token is essential for governance, paying gas fees on the Mantle Network, and staking on various platforms.

Built on the Ethereum network, Mantle provides a platform for decentralized app developers to launch their projects. It has become particularly popular for GameFi apps and has led to the establishment of an in-house Web3 gaming team.