According to data from CryptoSlate, Notcoin (NOT), THORChain (RUNE), Ethereum Name Service (ENS), JasmyCoin (JASMY), and Monero (XMR) have shown significant outperformance in the crypto market over the past 30 days.
NOT has surged by over 170%, while Monero has rebounded by 20% in the same period. Despite this, all projects are still down by more than 45% from their respective all-time highs, with Jasmy experiencing a 90% decline.
| Name | Ticker | 7D % | 30D % | Price | % ATH |
|---|---|---|---|---|---|
| Notcoin | NOT | -6.62% | +179.17% | $0.01515 | -47% |
| THORChain | RUNE | -16.68% | +81.52% | $4.12811 | -54% |
| JasmyCoin | JASMY | -12.44% | +51.91% | $0.03105 | -90% |
| Ethereum Name Service | ENS | +29.41% | +28.41% | $26.1050 | -57% |
| Monero | XMR | -4.35% | +20.26% | $169.288 | -67% |
Notcoin (NOT)
Notcoin (NOT), the token associated with a popular Telegram-based game, has seen significant growth in the past month, emerging as one of the top performers in the crypto space.
The token’s price surge began with its listing on Binance, the world’s largest crypto exchange. This listing enhanced NOT’s accessibility and credibility, leading to a price increase. Subsequently, a public endorsement of Notcoin by Telegram founder Pavel Durov further boosted the token’s value. Durov mentioned that the NOT tokens he donated had quadrupled in value, contributing to a price surge.
Notcoin’s impressive performance can also be attributed to its innovative tap-to-earn mining model and the introduction of new features like staking functions and token burns. These developments attracted a significant number of users and investors, pushing the token’s market cap to over $2.5 billion at its peak.
Despite a recent correction resulting in a 40% drop from its all-time high, NOT has maintained strong trading volumes and community support. Analysts view the current downturn as a potential buying opportunity, predicting future gains as the market stabilizes.
Notcoin’s strategic exchange listings, influential endorsements, and innovative features have established it as a standout performer in the volatile crypto market.
THORChain (RUNE)
THORChain (RUNE), the native cryptocurrency of the decentralized liquidity protocol THORChain, has witnessed significant market value growth in the past month. This remarkable performance can be attributed to various key developments and market dynamics.
THORChain has experienced a tenfold increase in its volume share, positioning it as a top 15 decentralized exchange (DEX). Moreover, the THORChain ecosystem has expanded significantly, with notable growth in volume, liquidity, and user engagement. In the first quarter of 2024, the platform reported a 53% volume increase, a 48% liquidity rise, and a 57% user growth, indicating the increasing adoption and utilization of THORChain’s services.
THORChain’s strong performance and strategic developments have positioned it as one of the top-performing crypto projects, with a promising outlook for the future.
Ethereum Name Service (ENS)
The Ethereum Name Service (ENS) has emerged as one of the top-performing cryptocurrencies in the past 30 days, with its price surging by over 20%. This rally can be attributed to factors such as growing adoption, regulatory clarity, and the positive sentiment surrounding the Ethereum ecosystem.
One of the primary drivers behind ENS’s price surge is the increasing adoption of the protocol by various decentralized applications (dApps) and projects within the Ethereum ecosystem. The demand for ENS domains has skyrocketed as more developers recognize the advantages of using human-readable names instead of complex addresses.
Furthermore, the recent regulatory clarity provided by the US Securities and Exchange Commission (SEC) regarding Ethereum’s non-security status has fueled the rally. The SEC’s decision to end its investigation into Ethereum has alleviated investor concerns and paved the way for the potential approval of spot Ethereum ETFs, which could further drive demand for ENS domains.
With its innovative solution for simplifying blockchain interactions and growing adoption within the Ethereum ecosystem, ENS has established itself as a key player in the crypto market, attracting investors and driving its price to new highs.
JasmyCoin (JASMY)
JasmyCoin (JASMY), a crypto project focusing on data privacy and the Internet of Things, has experienced a significant price surge of over 50% in the last month. The JASMY token’s price rose from around $0.019 on May 19 to over $0.031 by June 19, outperforming many major cryptocurrencies during this period.
One of the key drivers behind JASMY’s price increase is the growing adoption and interest in the project’s data locker technology. In late May, Jasmy announced a partnership with Japanese electronics giant Panasonic to integrate its data locker into Panasonic’s smart home devices and appliances. This collaboration boosted JASMY, allowing users to securely store and monetize their personal data generated by Panasonic’s IoT products.
Additionally, there have been unconfirmed rumors suggesting that JASMY may be exploring integration with major smartphone manufacturers to include data lockers in their devices by default. If confirmed, this could significantly expand JASMY’s user base and utility.
Although JASMY remains a relatively small market cap project, its focus on data privacy resonates with the growing concerns about big tech companies exploiting user data.
Monero (XMR)
Monero (XMR), the leading privacy-focused cryptocurrency, has witnessed a notable surge in the past month, solidifying its position as one of the top performers in the crypto market.
The price rally can be attributed to the increasing demand for privacy and anonymity in financial transactions, driven by concerns about government surveillance and data breaches globally. Monero’s unique privacy features, which conceal transaction details and the identities of senders and receivers, have made it a preferred choice for individuals and organizations seeking financial privacy.
Additionally, Monero’s recent delisting from several major crypto exchanges, including Binance, has paradoxically sparked investor interest in the project. Many perceive the delistings as attempts by centralized entities to undermine privacy and financial freedom, further enhancing Monero’s appeal among privacy advocates and cypherpunks.
Monero’s strong fundamentals, including an active development community and robust network security, have also contributed to its positive price performance. The project’s commitment to enhancing privacy features and resisting censorship has resonated with a growing user base.
As of June 19, Monero’s price has surged by over 20% in the past 30 days, outperforming most major cryptocurrencies and reinforcing its position as a leading privacy coin. With privacy concerns showing no signs of diminishing, Monero’s upward trajectory may continue in the coming months.
