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The Somewhat Daily: ONE, VTHO, VET, IOST, RVN

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Written by   40
1 year ago

March 21, 2021 - Welcome to the Somewhat Daily, an almost-daily look at the last 24-hours' biggest gainers of cryptocurrency's top 100 by market cap. This is the place to learn about projects that are moving the most with quick overviews and brief analysis. Ready to get into it? Let's go!

It's been a down day. Of the top 100, there are only 12 coins that have gained, which means 88 are in the red!

In that small handful of gainers, two have outgained the rest by a substantial amount: Harmony (ONE) and VeThor Token (VTHO).

Harmony has been a strong gainer over the past two weeks, rising from $0.03 all the way to its current value, just shy of $0.15. We've also seen its market cap expand from $500 million to $1.3 billion during that time, and it's climbed to 67 on the top 100.

VeThor Token, on the other hand, has just broken into the top 100. Cointelegraph reported earlier this week that gas tokens like VTHO have been booming due to the continued pain caused by high Ethereum fees. VTHO is the token for VeChain Thor, and its token, VeChain (VET), happens to be number three on today's list. Harmony, by comparison, is also an alternative blockchain with very low fees and fast transactions--so that's clearly the theme of the day.

Last week, IOST (IOST) announced the successful completion of their cross-chain testnet for Polkadot. They also published an article last Thursday announcing that their iWallet would soon support local development. A partnership with Apron Network was also reported alongside the completion of a Donnie airdrop to IOST holders. IOST has been a busy bee!

Ravencoin (RVN) has been another consistent gainer for the past few weeks. Toward the end of February, Ravencoin grew more than 8x following GameStop's epic rise as interest began to grow in tokenized securities. It's also worth noting that, according to the Ravencoin developer roadmap, the next phase (Phase 3) is focused on allowing reward payments in RVN to asset holders. Any gains based on that are pure speculation on my part--I see no evidence in headlines or news stories.

Top 5 gainers (24h)

  1. Harmony (ONE) +31.28%

  2. VeThor Token (VTHO) +26.30%

  3. VeChain (VET) +7.75%

  4. IOST (IOST) +7.56%

  5. Ravencoin (RVN) +6.98%

Top 5 losers (24h)

  1. Siacoin (SC) -17.73%

  2. Pundi X (NPXS) -11.83%

  3. Coin (CRO) -10.84%

  4. TRON (TRX) -10.07%

  5. DigiByte (DGB) -10.00%

Thanks for reading! I try to provide quick, easy-to-read updates like this each morning. Be sure to subscribe, so you don't miss a chance to learn about crypto's latest & greatest projects! I also love feedback. Did I miss the mark or make a mistake, or would different details make this more useful? Let me know by leaving a comment! Thanks again--I'll see you in a day or two or three!

Lead image by Tim Hüfner on Unsplash

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Avatar for drubid
Written by   40
1 year ago
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