Check Out These Crypto Top Gainers

Over the weekend, Bitcoin (BTC) and Ethereum (ETH), two of the biggest cryptocurrency in the market witnessed a big dip losing their streak to reach below its $31,000 and $2,000 marks. While these big crypto coins experienced a big dip over the weekend, other altcoins including LTC, DOGE, and SOL had been on a mix of ups and downs across the charts.

Despite the minimal volatility of the cryptocurrency market with the major cryptocurrencies trading without significant changes, these three crypto coins have been impressively leading the charts — 1inch Network (1INCH), Ripple (XRP), and Maker (MKR).

At this stage, the total market capitalization of the global crypto has reached $1.22 trillion and let’s see how these top gainers contributed.

1inch Network (1INCH)

1inch Network functions as a DEX aggregator, systematically analyzing multiple decentralized exchanges to identify the most profitable platforms for liquidity providers.

Since the beginning of this year, there has been an increase in the number of crypto users doing transactions on the 1inch Network. Now the increase in the active user base has started to reflect on the price of its native coin 1INCH.

1INCH has gained 102% in its price over the past 30 days. And just this past week, the price of 1INCH has been steadily increasing closing an impressive gain of 42.3%. Due to the increase, buyers have shown great interest in accumulating the coin resulting in a significant surge in trading volume of nearly 400% overnight, reaching $442.8 million.

In addition, 1INCH may recover to $0.60 in the coming weeks according to on-chain data analysis. However, with the increasing number of whales looking to cash out, bullish investors will first need to defend the $0.45 support level. 

Maker (MKR)

Maker (MKR), an Ethereum-based DeFI lending platform that allows users to lock ETH into smart contracts to mint Maker’s Dai stablecoin.

In the past week, the Maker (MKR) token has experienced significant volatility amidst the series of important events in Maker.

One of the notable events in Maker is the expansion of the Spark protocol to the Gnosis chain, to simply boost the utility and demand for DAI by leveraging the Gnosis chain’s decentralization. In addition, Maker’s repurchases contract launch and the growth in the fee capture have also contributed to MKR’s bullish momentum. As a result, MKR’s price has increased from $998 on July 3rd to $1,073 two days after bouncing off its 200-day moving average.

However, MKR’s price has dropped by 16% and has not managed to recover. At this time of writing, MKR is trading at $914.59.

Ripple (XRP)

Ripple (XRP) appears to remain at the top crypto trending chart in a rare instance of Bitcoin not being front and center of the conversation during this prolonged, possibly perpetual altcoin off-season.

As one of the oldest crypto in the altcoin space, XRP remains around 60% higher week on week since Ripple Labs claimed a win from its long battle with the US SEC last week. The recent order granting in part and denying in part the motion for Summary Judgement by Judge Torres has left many XRP investors eagerly awaiting the next step.

At this time of writing, XRP price is at $0.74 (currently up by 2.03%) with a 24-hour trading volume of $2.4 billion. XRP’s momentum remains to be very strong despite the expected case appeal of SEC.