1INCH ushered in the new year as the biggest gainer in cryptocurrencies
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CoinMarketCap, the world’s most cited cryptocurrency price tracking website, reported that 1INCH, Filecoin and Klaytn were the top gainers, with double-digit gains in the past 24 hours.
1inch Network (1inch) has gained 22.3% in the past 24 hours and is currently trading at $0.5223. The 1inch Network combines decentralized protocols to facilitate efficient, profitable and secure operations within the decentralized finance (defi) space – the initial protocol within the 1inch Network acts as a decentralized exchange (DEX) aggregator.
While not launching any major releases, the network submitted an encouraging year-in-review that sheds light on various aspects, including noteworthy statistics, a new 1inch Portfolio tool that will enable users to manage all on-chain Assets from multiple wallets.
Within a month and a half of its launch, the platform has gained over 100,000 wallet addresses actively using its services.
In second place is Filecoin (FIL), a decentralized storage system whose mission is to preserve “humanity’s most important information.” The project raised $205 million through an initial coin offering (ICO) in 2017 and was initially expected to launch in mid-2019.
On the first day of January 2024, the price of Filecoin was $7.15, up 13.8% in the past 24 hours and up 34.4% in the past seven days, despite no major updates on the project, amid growing interest this week a part of.Meanwhile, a well-known analyst issued a bullish forecast This may be the reason for continued interest.
Klaytn (KLAY), built by Kakao, a famous Korean IT company, ranked third in the gainer list on January 1. The project exists as a global layer 1 public blockchain designed to drive the future landscape of on-chain activity and is said to offer the lowest transaction latency compared to other leading blockchains.
The current real-time price of Klaytn is $0.2656, up 13.1%.This addition follows the recent announcement by the Klaytn Foundation, which assured stakeholders that it will not be affected by Rail bridge hack.
An analyst from the YouTube channel Crypto Banter recently emphasized that the cryptocurrency market is about to enter a strong altcoin season, according to news published on December 28, and current data proves his prediction correct.
