March 4, 2021 - Let's take a quick look at some emerging crypto trends!
According to CoinMarketCap, the biggest mover in the past 24 hours is Chiliz (CHZ), up 49.74% and climbing. Chiliz is a "blockchain sports firm" that yesterday announced that it will invest $50 million to expand into the US. Read more here.
CHZ is currently trading at $0.11. CEO Alexandre Dreyfus says he expects the number of fan tokens to increase five-fold with the move into the US.
The other big mover yesterday was Enjin Coin (ENJ) which continues its two-week tear. ENJ is growing because of the red-hot NFT market and its announcement of "two new offerings it claims will redefine the non-fungible token market." The full story on how Enjin is combating high gas fees can be found at Coindesk. Enjin Coin's growth yesterday propelled its market cap past $1 billion.
NFTs are also behind the growth of number 3 on the list, Decentraland (MANA). It's also showing parabolic growth right now and has a market cap just over $600M. This is about where Enjin Coin was yesterday... Just sayin'.
Top 5 gainers (24h)
Chiliz (CHZ) - 49.74%
Enjin Coin (ENJ) - 49.06%
Decentraland (MANA) - 27.09%
Hedera Hashgraph (HBAR) - 24.32%
Top 5 losers (24h)
Fantom (FTM) - (12.76%)
Reserve Rights (RSR) - (9.37%)
Curve DAO Token (CRV) - (9.08%)
THORChain (RUNE) - (8.07%)
Polygon (MATIC) - (7.93%)
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Lead image by NASA on Unsplash. Growth and market cap numbers provided by CoinMarketCap.
