Crypto Market's Biggest Price Moves Today: Status (SNT), Verge (XVG), and NANO
As the crypto market crossed the $1 trillion market cap, Status (SNT), Verge (XVG), and Nano (NANO) have come off as the cryptos with the biggest gains in the market today.
The cryptocurrency market has entered new realms of price discovery as it surpassed the $1 trillion market capitalization today, a move that is catalyzed by the profound surge in the prices of the individual cryptocurrencies that makes up the market. While the market has seen extreme volatility in the past days, the growth of some coins besides Bitcoin (BTC) and the top ten cryptocurrencies also stands out.
The Cryptos Making Big Moves Today
In the market today, the coins with the biggest growth trajectory in terms of the percentage gains include Status (SNT), Verge (XVG), and Nano (NANO).
The Status coin has seen remarkable growth since it came into the limelight in 2016 with the previous year marking one of its most remarkable fiscal years. Coming off as a mobile operating system billed to completely change the way the world interacts with the Ethereum network, Status has grown its user base, and adoption fueling its 709% growth last year. The coin is up by 68% in the past 24 hours marking its significance as one of the top gainers today.
Verge (XVG) has defied the increasing calls to ban privacy coins in recent times by rallying to new heights. The coin has surged by 81.9% in the past 24 hours according to Coingecko, complementing the bullish run it ended 2020 with. Verge is arguably one of the best performing privacy coins in the market to date closing 2020 with a growth of more than 350% and recording an additional 108% growth this new year.
Nano (NANO) is arguably the best performer of the top 100 coins in the market today. The coin built as a low-latency cryptocurrency with no transaction fees has seen a 109% growth in the past 24 hours to continue the bullish rally it ended last year with.
More Surges Imminent
The cryptocurrency market is in a state of consolidation and more imminent growth is bound as many investors are beginning to get drawn to the potentials of the emerging digital currency asset class.
With the continuous adoption of Bitcoin by institutional investors, altcoins may also tag along in the rally and if this happens, the $1 trillion market cap reported today may be the least the market will record in the near future.
Image source: Blockchain.news
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