KRIPTO, LINA | Crypto Gainers and Losers | June 3, 2023

In this article, we will be looking at the top five gainers and losers of the week, providing a brief description of each cryptocurrency and its performance. All data is accurate as of June 3, 2023, on Coingecko.

The Big News: 

1. Financial Stability Board Preparing ‘High-Level’ Recommendations on Regulation of Crypto
2. New Ledger Recovery Service Faces Backlash from Crypto Community
3. SEC Issues Advisory vs Gemini Exchange for Selling Unregistered Securities in the Philippines

Top 5 Crypto Gainers of the Week

Kripto (KRIPTO)

What is it: A Salesforce-native Bitcoin solution built for enterprise customers with security and privacy in mind. It implements all modern Bitcoin wallet features, such as hierarchic deterministic accounts, QR codes for payments, and segregated witness transactions.

• Current price: $0.00092503
• Price change in the past 7 days: +195.6%
• Market cap: $88,821,502
• Trading volume: $244,885

Latest News: Salesforce Teams Up With Polygon For New NFT Management Platform 

Linear (LINA)

What is it: The utility token of Linear Finance, a cross-chain compatible delta-one asset protocol. Users can trade liquid assets quickly, seamlessly, and cost-effectively with cross-chain composability.

• Current price: $0.02734374
• Price change in the past 7 days: +162.2%
• Market cap: $146,677,422
• Trading volume: $285,475,562

Latest News: Linear Protocol (LINA) price rally regains steam as DeFi TVL jumps

Everscale (EVER)

What is it: The governance token of Everscale, a layer-1 PoS blockchain network of the 5th generation. It is one of the most technologically advanced blockchain networks, and that is not a marketing exaggeration.

• Current price: $0.063391
• Price change in the past 7 days: +48.7%
• Market cap: $111,754,443
• Trading volume: $3,354,005

Latest News: Everscale Wins Listing Competition On Bybit 

Core (CORE)

What is it: The utility token of Core, an EVM-compatible L1 blockchain that is powered by its novel consensus mechanism called “Satoshi Plus,” which secures the network using a combination of delegated BTC mining hash and delegated proof of stake. It provides the composability of an EVM chain, with the decentralization and security of Bitcoin to creatively solve the blockchain trilemma.

• Current price: $1.24
• Price change in the past 7 days: +47.1%
• Market cap: $152,098,982
• Trading volume: $27,137,924

Latest News: Core DAO Is Using Bitcoin to Solve the Blockchain Trilemma

Akash Network (AKT)

What is it: The utility token of Akash Network, a decentralized cloud computing marketplace targeted toward decentralized application (dApp) developers in the decentralized finance (DeFi) space, as well as other high-computing, high-growth fields like machine learning. It uses a “reverse auction” system, where customers submit their desired price and providers compete for the business.

• Current price: $0.599919
• Price change in the past 7 days: +43.8%
• Market cap: $131,609,914
• Trading volume: $2,620,519

Latest News: Akash discord has been compromised

Top 5 Crypto Losers of the Week

Polymath (POLY)

What is it:  A security token of Polymath, a platform that spearheaded the creation of a unified standard for security tokens on Ethereum, ERC 1400, and over 200 tokens have been deployed using Polymath’s Ethereum-based solution. It provides technology to create, issue, and manage security tokens on the blockchain. 

• Current price: $0.135080
• Price change in the past 7 days: -23.1%
• Market cap: $120,371,626
• Trading volume: $231,454

Latest News: Polymath and the Democratization of Investment Opportunities – Times Square Chronicles 

Blox (CDT)

What is it: The native token of BLOX, a software development kit that aims to assist video game developers with integrating the blockchain into their applications. The BLOX SDK aims to simplify the blockchain for both users and developers, providing a smooth website-builder like experience.

• Current price: $0.188986
• Price change in the past 7 Days: -22.8%
• Market cap: $143,761,319
• Trading volume: $118,205

Latest News: Blox.io Launches Much Needed Crypto Accounting Platform 

Function X (FX)

What is it: The native utility token of the Function X ecosystem. It is currently utilized as a governance token as well as a gas token on f(x)Core and f(x)EVM. The subnets that are built on the Function X ecosystem can also choose to utilize FX as their gas token.

• Current price: $0.162041
• Price change in the past 7 Days: -21.3%
• Market cap: $99,853,968
• Trading volume: $1,097,624

Latest News: MarginX, First Community-based DEX, Launches on Function X Blockchain 

BTSE Token (BTSE)

What is it: The first exchange token running on Liquid, a Bitcoin sidechain-based settlement network for traders and exchanges and includes Confidential Transactions and Confidential Assets to maximize on-chain privacy.

• Current price: $1.62
• Price change in the past 7 Days: -19.9%
• Market cap: $471,992,102
• Trading volume: $393,670

Latest News: Crypto Exchange BTSE Offers State-of-the-Art Futures Trading Platform, Introduces Fiat Card

Stride (STRD)

What is it: The native governance token of the Stride Zone, allowing holders to vote on important decisions such as the distribution of staked tokens to each validator, the onboarding of new validators, and other protocol upgrades and improvements.

• Current price: $1.10
• Price change in the past 7 Days: -13.5%
• Market cap: $93,750,973
• Trading volume: $59,895

Latest News: Cosmos Hub Governance Approves Stride’s Integration into ATOM Economic Zone to Adopt Interchain Security 

This article is published on BitPinas: KRIPTO, LINA | Crypto Gainers and Losers | June 2, 2023

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.