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As the first quarter of 2021 draws to a close, here are the top five performing cryptocurrencies of the period.
The list does not include Bitcoin (BTC) and Dogecoin (DOGE), although they increased by 101.14% and 852.15% respectively in the first quarter. BTC traded 0.19% higher at $ 58,851.88 while DOGE traded 0.23% lower at $ 0.054 at press time.
Content Value Network (CVNT)
CVNT climbed a whopping 41,532.67% in the first quarter to around $ 2.96. The content distribution platform was launched on Huobi Global in January 2019.
Tooth (TOOTH)
DENT soared 6,367.68% in the first quarter to $ 0.0125.
The token is associated with Dent Wireless, which itself qualifies as the leading digital and mobile operator. Rumors are circulating on Reddit that Dent could partner up, Cointelegraph says Tesla Inc (NASDAQ: TSLA) Starlink from CEO Elon Musk. The company announced an eSIM reseller platform on Wednesday.
The world’s first #for example mobile data reseller platform is here https://t.co/C6iBswXsEi
With the #BOSS #Gigastore ANY third party can resell mobile data anywhere! Connectivity as a service #dentcoin #ethereum #for example #mobile #Data #roaming # connectivity #btc #eth pic.twitter.com/bb4KKvRVYs– DENT (@dentcoin) March 31, 2021
On its website, Dent highlighted milestones that include connectivity optimized for the Tokyo Summer Olympics.
Pundi X (NPXS)
NPXS climbed 4,409.95% in the first three months of 2021 to around $ 0.0077.
This month, the token saw a massive spike thanks to token staking, reduction and positive sentiment surrounding the altcoin market. The creator and CEO of PundiXLabs has confirmed the token reduction and the staking news. He also said that the decentralized agriculture of finance was coming.
As expected, $ npxs the token reduction begins at the end of March, followed by (immediately or a few days later) the token staking. The staking reward is $ 100,000 + weekly value for ten weeks.
Someone said it’s best to call our staking “DeFi farming”, so yes, Pundi X DeFi Farming is coming!
– Zac Cheah (@zibin) March 13, 2021
Harmony (ONE)
ONE grew 4,166.84% in the quarter. The cryptocurrency was trading 2.71% lower at $ 0.183 at press time.
ONE hit its all-time high of $ 0.2233 on March 29. Developer Péter Szilágyi called Harmony for violating Ethereum software licenses this month. ONE gained social media mentions and was one of the top tickers on Stocktwits.com in mid-March.
In January, the blockchain company released its 2021 roadmap. Harmony on Wednesday offered a limited edition of 100 Atari Centipede, a 1980s fixed-fire arcade game, capsule collections in the form of non-fungible tokens. These were out of print in less than 1.5 hours.
Today we are excited to present to the world a Limited Edition of just 100 @atari Capsule collection
“Centipede 2600 Cartridge Classic”, the most successful arcade game of its time
Limited to one per transaction and two per address
Buy now: https://t.co/89V3t5efHE pic.twitter.com/yCU28MNRJN
– Harmony (@harmonyprotocol) April 1, 2021
Earth (MOON)
LUNA gained 2,746.95% in the first quarter. The coin was trading 0.99% at $ 18.55 at press time.
The cryptocurrency hit its all-time high of $ 22.33 on March 21. The blockchain associated with LUNA uses fiat-anchored stablecoins to power global payment systems.
This month, TerraUSD and the associated UST stablecoin saw huge demand for Mirror, Terra’s synthetic asset protocol. In order to meet demand, 80 million LUNA were burned at 447 million UST, which reduced the circulating supply of LUNA to 404 million from 484 million, thus pushing up prices, according to Cointelegraph.
Robinhood’s trade ban on GameStop Corp. (NYSE: GME), BlackBerry Ltd (NYSE: BB), and AMC Entertainment Holdings Inc (NYSE: AMC) which may have led a large number of traders to decentralized exchanges and synthetic assets.
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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