Cryptocurrency analysis firm CryptoDiffer shared the 15 altcoin projects that have gained the most market capitalization in the past month on August 11. First on the list is Lido DAO (LDO), a liquid staking solution for Ethereum. The altcoin has managed to increase its market cap by over 350% in the last 30 days.
Altcoin projects that add value
According to CryptoDiffer’s post, Lido DAo is followed by Neblio (NEBL), which aims to provide fully open-source APIs, tools, and services for organizations to deploy dApps. Neblio Network uses a Proof-of-Stake algorithm where users stake NEBL tokens to secure the network.
Other altcoin projects in the share of the cryptocurrency analysis firm are listed as follows: Crust Netwok (CRU), Reserve Rights (RSR), Celsius (CEL), Bloktopia (BLOK), Seedify Fund (SFUND), Ufo Gaming (UFO), Barn Bridge (BOND), Wing Finance (WING), DFYN Network (DFYN), Rocket Pool (RPL), Ethereum Classic (ETC), MCDex Token (MCB), and Karura (KAR).
Let’s get to know the projects
Crust Network provides a decentralized storage network and cloud solutions for both the Web 3.0 and Web 2.0 ecosystem. Also, it builds on Polkadot’s Substrate framework. It provides a unique incentive layer for the IPFS protocol. It uses Blockchain technology to improve the security, privacy, performance and ownership of data.
Reserve Rights is a dual token stablecoin platform launched in May 2019. One is the Reserve Stablecoin (RSV) backed by a basket of value assets managed by smart contracts. Another token, Reserve Rights (RSR), is used to seize arbitrage opportunities and keep the RSV price stable at the $1.00 target. Unlike the RSV price, the Reserve Rights (RSR) token is volatile. Its main purpose is to help maintain RSV price stability. The RSR can also be used to vote on management proposals.
Celsius (CEL), cryptocoin.com You are familiar with the news. All-in-one banking and financial services platform for crypto users. Meanwhile, the platform went live in June 2018. It offers services such as credit and wallet-type payments, as well as rewards for cryptocurrency investments. Users of the platform receive regular payments and interest on their assets. The Celsius native token is CEL. As a payment unit, the token serves various in-system functions such as speeding up user payments.
Bloktopia is a decentralized metaverse project built on the Polygon Blockchain network. Bloktopia features a 21-floor decentralized virtual reality skyscraper. It acts as a central base that allows users to access immersive crypto content from a single point. The number of levels includes references to Bitcoin with a maximum supply of 21 million.
