There has been a lot of action in the crypto space lately. August has been a very good month for crypto assets overall. But not everyone profited equally, today I take a look at the top 5 winners according to Cryptowatch:
- Serum (SRM)
Price growth in August: 3020%
Current price (1 sept): USD 3.386
Market Cap: 169.3M
Serum is the governance token for a new Decentralized Finance project launched on August 11th. The Serum Project is a collaboration between centralized derivatives trading platform FTX, and smart contract blockchain Solana.
- redFOX Labs (RFOX)
Price growth in August: 1158%
Current price (1 sept): USD 0.05
Market Cap: 6.877M
Based in Ho Chi Min City, Vietnam, Red Fox Labs defines themselves as an enterprise incubator which enhances proven business models by refining, customising, and integrating emerging technologies. But even after this great growth, RedFox is still 47% under it’s all time high of USD 0.096, reached in May 2019.
- NoLimitCoin (NLC2)
Price growth in August: 1128%
Current price (1 sept): USD 0.0176
Market Cap: 10.85M
NLC2 is a gaming token that will be used in different online gaming venues. No limit fantasy sports is touted as “the world’s first crypto fantasy sports”. It must be noted that most of this token’s price appreciation occurred on September 1st, not in August. Even after this impressive price boost, NLC2 is still trading 97% below it’s all time high of USD 0.507 reached in January 2018.
- Docademic (MTC)
Price growth in August: 1097%
Current price (1 sept): USD 0.10
Market Cap: 76.31M
The MTC token is the backbone of the Docademic Platform which provides a free telemedicine service, and AI assisted tools and social network for the medical community. Even after this impressive price boost, MTC is still trading 99% below it’s all time high of USD 0.44 reached in may 2018.
- yearn.finance (YFI)
Price growth in August: 833.9%
Current price (1 sept): USD 34610
Market Cap: 1.037B
Yearn.finance is a novel decentralized finance initiative that is still in beta phase. Their stated purpose is to allow leveraged stable coin trades. Liquidity providers earn additional interest on their yield bearing tokens, traders can create leveraged positions. Among their features they offer automatic yield farming pools (vaults) aimed at optimizing ROI.
Before you invest in any of the coins mentioned above please keep in mind that past performance is no guarantee of future returns. This article is intended for entertainment purposes only. It should not be considered as financial advise. Please be aware that all investments entail risks, don’t invest more than you can afford to lose.
