Altcoins SATS, Aave, Monero, and ORDI are up more than 10% over the past day to rank as the top gainers in the cryptocurrency market, while bitcoin, the leading cryptocurrency by market cap, is up more than 4% in the same time frame.
SATELITE
SATELITE (1000 SATELLITES) topped the list of top gainers on July 26.
At the time of writing, the crypto asset was still up 18.5% over the past 24 hours, trading at $0.00033. SATS’s daily trading volume was also up 18.4%, hovering around $202.6 million.
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The meme token’s market cap now stands at $695.6 million. However, the token’s value is still 64% below its all-time high of $0.00093, reached on December 26, 2023.
SATS is a BRC-20 token created to honor Satoshi Nakamoto, the pseudonymous inventor of bitcoin. The name SATS refers to satoshi, the smallest unit of bitcoin, which is equal to 0.00000001 btc.
Developed by an anonymous team, SATS embodies a light-hearted approach within the cryptocurrency space, highlighting the cultural and historical significance of bitcoin’s smallest unit.
Ghost
Aave (AAVE) saw a 10% increase in price over the past day, trading at $102.6 at press time. In the same period, the crypto asset’s daily trading volume hovered around $240.5 million.
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Aave’s market cap is $1.52 billion, making it the 55th largest crypto asset. The token is still 84% below its all-time high of $666, reached on May 19, 2021.
Aave is a decentralized financial protocol that allows users to lend and borrow cryptocurrencies and real-world assets without relying on a centralized intermediary.
The platform has its own cryptocurrency, AAVE, which functions as its governance token. AAVE holders can vote on Aave development proposals and earn staking rewards by locking their tokens in the system. Additionally, Aave issues aTokens to lenders, allowing them to earn interest on their deposits.
Monero
Monero (XMR), a privacy-focused peer-to-peer digital currency, was still up 8.5% over the past 24 hours and was trading at $168.7.
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With a market cap of approximately $3.11 billion, Monero ranks 27th in the global cryptocurrency rankings by market cap and has a daily trading volume of approximately $129.5 million at the time of writing.
Monero is a cryptocurrency that focuses on privacy and confidentiality. Unlike most cryptocurrencies that emphasize transparency and security, Monero upholds the principles of anonymity. This distinguishes it from well-known transparent blockchains like bitcoin and ethereum.
Monero ensures user anonymity through technologies such as ring signatures, stealth addresses, and Ring Confidential Transactions (RingCT). These features make all users on the Monero network anonymous by default, hiding information about the sender, receiver, and transaction amount.
ORDER
Ordi (ORDI) saw a price increase of 11.6% over the past day and was trading at $38.5 at press time. In the same period, the crypto asset recorded a trading volume of $165 million.
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ORDI’s market cap is $809 million, making it the 83rd largest crypto asset. The token is still 60% below its all-time high of $96, reached on March 5, 2024.
ORDI is a meme coin on the bitcoin network and the first BRC-20 token created using the Ordinals protocol.
The Ordinals protocol, developed by software engineer Casey Rodarmor, allows data such as text, images, audio, and video to be inscribed directly onto each satoshi, the smallest unit of bitcoin. This technology has enabled new uses for non-fungible tokens (nfts) and other tokens on the bitcoin blockchain.
ORDI has a fixed supply of 21 million tokens and functions as a fungible and transferable asset within the BRC-20 ecosystem.
bitcoin leads the market recovery with a jump of 4%
The rise of these altcoins followed bitcoin’s (btc) 4.5% surge over the past day, reaching $66,968 on Friday, July 26. bitcoin’s 24-hour low was $63,506, while its high was $67,338. The world’s oldest and most valuable cryptocurrency has recovered from its losses, breaking above the $66,000 mark for the first time this week.
Other popular altcoins such as ethereum (eth), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) saw minor fluctuations in gains and losses. The overall market fear and greed index stood at 59 (neutral) out of 100, according to data from CoinMarketCap.
At the time of writing, the global cryptocurrency market cap was $2.39 trillion, reflecting a 3.41% increase in 24 hours.
