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Jupiter and JasmyCoin Surge as Top Gainers Among Leading 100 Crypto Assets

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Release: 2024-07-28 03:42:09
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Over the past 24 hours, Jupiter and JasmyCoin have surged as the top gainers among the leading 100 crypto assets, while Bittensor and Mantra have plunged as the top losers.

Jupiter and JasmyCoin Surge as Top Gainers Among Leading 100 Crypto Assets

Over the past 24 hours, several crypto assets have experienced significant price fluctuations, with some emerging as the top gainers and others incurring substantial losses. Among the gainers, Jupiter (JUP), JasmyCoin (JASMY), Kaspa (KAS), Bonk (BONK), and Mantle (MNT) have witnessed notable price increases.

Top gainers

Jupiter (JUP)

Among the top gainers on July 27, Jupiter (JUP) led the charge, surging by 12.6% over the last 24 hours. At the time of writing, the crypto asset was valued at $1.16. According to data from crypto.news, JUP's daily trading volume amounted to roughly $282 million.

Moreover, JUP's market cap stood at $1.56 billion, ranking it as the 62nd largest crypto asset, as per CoinGecko. Despite the recent price rise, JUP was still down 42.6% from its all-time high of $2, which it reached on Jan. 31.

As a decentralized exchange aggregator, Jupiter enables users to swap Solana-based tokens. The platform also provides users with the best routes for direct swaps across multiple exchanges and liquidity pools.

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

JasmyCoin (JASMY)

Another top gainer, JasmyCoin (JASMY), experienced an increase of 12% in the past 24 hours, trading at $0.0328 at press time. Over the same period, JASMY's daily trading volume rose by 10%, reaching $146 million.

The asset's market cap surged past the $1.5 billion mark, making it the 60th-largest cryptocurrency at the time of reporting. However, JASMY was still down by 99.3% from its all-time high of $4.79 on Feb. 16, 2021.

JASMY is the native token of Jasmy Corporation, a Japanese internet-of-things provider. The platform aims to merge blockchain technology’s decentralization with IoT, enabling users to convert their digital information into digital assets.

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

Kaspa (KAS)

Kaspa (KAS) experienced a 100% surge in trading volume and an 8% rise in price during the last 24 hours, trading at $0.19 at the time of publication. According to data from CoinGecko, Kaspa now ranks 27th in the global cryptocurrency list, with a circulating supply of around 24.29 billion KAS tokens and a market capitalization of $4.59 billion.

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

In contrast to Bitcoin, GhostDAG permits the simultaneous creation of multiple blocks, accelerating transactions and increasing block rewards for miners.

Bonk (BONK)

As the only meme coin to make it to this list of top gainers, Bonk (BONK) jumped 8.6% in the last 24 hours. Trading at $0.000030, the Solana-based meme coin’s market cap had surpassed $2.1 billion, overtaking Floki (FLOKI), another dog-themed competing meme coin whose market cap stood at 1.78 billion.

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, which it attained on March 4.

Bonk, a meme coin that rose to prominence in 2023, significantly contributed to the increase in Solana’s value amid the meme coin frenzy.

Originally just another dog-themed meme coin, Bonk has since broadened its functionality to include integration with decentralized finance. The project also partners with cross-chain communication protocols, NFT marketplaces and a variety of other cryptocurrency ecosystems.

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

Top losers

Bittensor (TAO)

Bittensor (TAO) emerged as the top loser among the

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