thenewscrypto.com
- The top crypto gainers of the day are Mantra, Monero, and Notcoin.
- Mantra (OM) hits a new all-time high, reaching $1.09.
The past week in the crypto market displayed a strong performance in various cryptocurrencies like BNB, Toncoin, FLOKI, and others, soaring to new all-time highs. Further, the fear and greed index indicated high greed levels, with the largest crypto, Bitcoin (BTC), averaging over $72K in trading.
However, the weekend turned dull as major large-cap cryptocurrencies faced losses, yet certain cryptocurrencies showcased a strong rally. Let’s explore today’s top performers, with Mantra, Monero, and Notcoin leading the pack.
Mantra (OM)
Mantra, a security-focused RWA Layer 1 blockchain, has seen significant gains, topping the gainers list with a 20.5% increase. This surge has propelled Mantra to a new all-time high of $1.09 today, breaking its previous record set in April 2024 after a two-year gap.
The recent bullish trend follows the announcement of an incentivized multi-chain USDY vault. This collaboration between Mantra and the Ondo Foundation, allows contributors to USDC to access low-risk, short-term U.S. Treasury yields. The vault is set to open in June 2024 on both Ethereum and Base Chain.
At the time of writing, Mantra is trading at $1.07 with a market capitalization of $852 million. Additionally, the daily trading volume for Mantra has soared by over 235%, reaching $166 million.
Monero (XMR)
XMR takes the second spot with an 8% increase in the last 24 hours, with its price rising from $166.69 to $179.59. Monero, known for its privacy and anonymity, has been a strong contender in the crypto market since its launch in 2014. Unlike Bitcoin, Monero obscures sender and recipient information using advanced cryptographic techniques, ensuring private transactions.
Monero’s edge lies in its privacy features, including ring signatures and stealth addresses, which make transactions untraceable and unlinkable. This comprehensive privacy model sets Monero apart from rivals like Zcash, which offers selective transparency.
Currently, Monero is valued at $179.10, reflecting a 5% increase over the past 24 hours and a 16% rise over the past week. Monero holds the 29th spot in the crypto market, with a market capitalization of $3.30 billion.
Notcoin (NOT)
Notcoin continues to be a standout performer since its launch in mid-May 2024, registering a 13% surge in the last 24 hours, moving from $0.01741 to $0.0197. Currently, Notcoin is trading at $0.01853, marking a 4% increase, with a market cap of $1.89 billion.
As a newcomer to the market, Notcoin has rapidly garnered attention within the crypto community. Initially, Notcoin launched as a viral Telegram game to onboard many users into the Web3 ecosystem through a tap-to-earn mining mechanic. Notcoin is recognized as Binance’s 54th launchpool project.