Welcome to “Top 5 Cryptocurrency Movers” where I look at all the major crypto coins on the market and choose the five that made the biggest move (either positive or negative) on this day, explaining my thoughts why the move happened, as well as the historical significance of the particular crypto. Here are my top five cryptocurrency movers for December 30, 2020:
#5: Bitcoin (BTC) ($28,547.20, +6.12%)
Bitcoin has had an incredible year, and the bull run of BTC continued with another brand new all-time high today at $28,570. BTC has become a more attractive investment than paper money or gold, and has the backing of big institutions and corporations, such as PayPal, which allows anyone who has an account to purchase the cryptocurrency. BTC has gained over 50% in the month of December alone!
#4: Ampleforth (AMPL) ($1.05, +8.08%)
Ampleforth, one of the main cryptocurrency token earnings options on Publish0x, is having a great day on the market, up eight percent. AMPL, which is an ethereum-based asset that aims for algorithmically stabilized purchasing power through a fluctuating monetary supply, made news earlier this month when the crypto announced a surprise expansion beyond Ethereum, into Polkadot, NEAR, and TRON blockchains.
#3: Ripple (XRP) ($0.2152, -2.76%)
Ripple continues to receive bad news stemming from the SEC lawsuit filed last week, as more cryptocurrency exchanges are halting the trading of XRP including Genesis Trading, Bittrex, and Crypto.com. Financial institution Grayscale Investments, the trusted authority on digital currency investing is also cutting down its XRP holdings. In the past month, XRP is down 67%.
#2: Compound (COMP) ($151.47, +8.77%)
Compound, the leading lending protocol on the Ethereum network, allows people to either lend or borrow crypto, with COMP being the native utility token that gives the power in governing the protocol. The near double-digit rise in price today was due to investors and traders seeing an upside in fundamentals, as COMP is already the fourth-largest DeFi token on the market.
#1: THORChain (RUNE) ($1.19, +8.96%)
THORChain is the day’s biggest winner, growing 9% and reaching a new all-time high in the process. RUNE is a cross-chain decentralized liquidity network, acting as a digital asset exchange, allowing users to instantly swap tokens effortlessly. Popularity of RUNE has exploded since June, with the cryptocurrency up a staggering 1200% in the past six months.
Note that these prices are as of 2:00 PM EST/11:00 AM PST on the given day, and might not reflect the current price of the coin at the time of viewing this post.
Starting January 1, 2021, the timing of these daily posts will change to 9:00 PM EST/6:00 PM PST to better reflect the crypto market trading day.
