Three altcoins, Chiliz, Klaytn and Blur, boast gains of more than 15% as the top gainers on January 16, CoinMarketCap reported.
Chiliz (CHZ), offered by the Malta-based fintech provider of the same name, has gained popularity as the leading digital currency for sports and entertainment. Located in first place, the price of the asset stands at $0.1053, with a 24-hour trading volume of $263 million, an increase of 18.1%.
More shocking than its daily gains is its 28.1% weekly growth over the past week, in which the token was said to outperform the broader global cryptocurrency market, which saw a 1.1% drop.
<img decoding="async" width="1024" height="376" src="https://crypto.news/app/uploads/2024/01/Screen-Shot-2024-01-16-at-7.04.04-AM-1024×376.png” alt=”Chiliz leads top gainers with 18% price rise – 1″/>
With no major announcements in the last 24 hours, the price increase will likely come from a post on
Using similar Layer 1 (L1) cryptocurrencies, which are down 3.8% in the last 24 hours, Klaytn (KLAY) ranks second on the charts for January 16 with gains of 17.5%. The increase in Klaytn price development can be attributed to the Joint proposal presented by the Klaytn Foundation and the Finschia Foundation to merge the two blockchains and establish Asia's technological and web3 ecosystem powerhouse. Pending approval, the proposed merger combines South Korea's leading blockchain with Japan's leading blockchain.
Rounding out third place, Blur (BLUR), the native token for the non-fungible token (nft) marketplace and aggregator platform, emerges in third place with a return of 15.3%.
According to data obtained from the crypto intelligence tracker look chain, the nft marketplace token BLUR experienced an unlock of nearly 50 million tokens on January 16 as part of a scheduled monthly event, and it has happened eight times. Six of the eight cases have been favorable for the asset.
