Despite the weekend’s bearish actions that affected the crypto space, some tokens in the market gained good amounts of value. Three digital currencies that have made their mark in recent days are NOT, OM, and XMR. Even though many large-cap cryptocurrencies were trading at a lower trade price, these three cryptocurrencies were among the best performers and were successful in catching the attention of investors.
Read CRYPTONEWSLAND onNotcoin (NOT)
Notcoin (NOT) has continued to be a standout performer since its launch in mid-May 2024. These changes have occurred, while NOT itself has not fallen by 14.2% within the last 24 hours, though within the last 2 weeks, this crypto has increased by 95.9%. Currently, Notcoin is at $ 0.01609 and is ranked 65th with a market cap of $1.64 billion.
From the outset, Notcoin offered a new alternative in the crypto-currency market and gained the attention of the community. Notcoin was first established as a viral game on the Telegram platform that will attract as many people as possible into the Web3 ecosystem through a tap mining method.
Mantra (OM)
Mantra (OM), a Layer 1 blockchain that focuses on security, recorded a decline of 8.2% in the last 24 hours, OM’s long-term prospects are very promising. In the last 30 days, OM rose 42.2%, and in one year, the coin increased 4423.9%. This increase pushed the price of Mantra to a new record high of $1.09, surpassing the previous record recorded in April 2024 after a gap of two years.
Currently, Mantra is listed with its share price at $0.9888, and the company has a market capitalization of $817 million. Further, OM has traded $56 million in volume within the last day of trading.
Mantra’s latest bullish trend follows the announcement of an incentivized multi-chain USDY vault. This collaboration between Mantra and the Ondo Foundation allows USDC contributors to access low-risk short-term US Treasury yields. This vault will open in June 2024 on Ethereum and Base Chain.
Monero (XMR)
Monero has also plunged by 0.9% in the last day and its price is $176 for a market cap of $3.24 Billion. However, in the long term, XMR rose quite significantly. In the last one month, its current price at $66.35 is up by 31.9% and, in the last one year, it is up 27.9%.
Monero now has been among the challenging competitors in the crypto digital world from the year 2014, they are an anonymous and confidential type of cryptocurrency. While it is similar to Bitcoin (BTC), it also has advanced cryptographic techniques to ensure the anonymity of transacted parties.
Despite this ability of Monero to possess a near-perfect imitation of Bitcoin, its biggest strength is in anonymity from ring signatures and stealth addresses with untraceable and unlinkable transactions. There is no need to compare Monero with its competitors like Zcash which uses selective transparency while featuring this comprehensive privacy model.
Notcoin (NOT), Mantra (OM), and Monero (XMR) have promising futures in the crypto industry. NOT has rapidly grown from a viral Telegram game to integrating users into Web3. OM focuses on security and strategic collaborations, while XMR remains strong for its unparalleled privacy features. These cryptocurrencies are set to significantly impact digital finance, attracting investors and driving innovation.
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