Coin Race: Top 10 Crypto Winners

Out of the top 50 coins by market capitalization
the biggest winner is Binance Coin (BNB), with a net increase of 58.94%. This could in part be due to the fact that the Binance Launchpad is increasingly being used for launching new tokens - only a few days ago, the Fetch.AI (FET) token sale on this platform reached its hard cap of USD 6 million dollars with the sale of over 69 million tokens in only 22 seconds. Additionally, smartphone manufacturer HTC recently announced that they will sell their flagship blockchain phone, the Exodus 1, for BNB as well as Litecoins (LTC).

The second winner is Maker (MKR) with another big net increase, this time of 55.06%. A part of its pump seems to be the fact that cryptocurrency exchange OasisDEX, which used to make up a large percentage of trading volume for the coin, was in maintenance for a while. This forced users to buy MKR on other exchanges, which built liquidity. Bitinka was shortly the exchange that replaced the lost volumes on Oasis DEX.

Other winning coins include Komodo (KMD) which increased 54.2%, Ontology (ONT) with +50.02%, and EOS (EOS) with +48.81%. At the very bottom of the list is Global Utility Token (OKB), which increased by 26.36% - a far cry from January’s list, where the bottom of the winners list featured three coins with net losses.