Top 3 Gainer of the Week: NU, PERP, TEL
- NuCypher is a blockchain privacy solution.
- TEL incentives align with the incentives of the Telcoin ecosystem.
Despite last month’s market condition, the cryptocurrency market has bounced back, and few altcoins like Ethereum and Binance Coin have seen bigger moves since the year began. Let’s take a look at the top 3 Gainers of the week.
NuCypher (NU)
NuCypher is a blockchain privacy solution. It offers customers encryption services for several blockchains. NuCypher allows users to exchange private data over a public blockchain, removing the need for a private network. Furthermore, users may also stake their NU tokens to operate the project’s nodes, earning additional NU.
On the year anniversary of the public NuCypher test network launch, the NuCypher community is surprised by merger developments. Moreover, it announced in June a merger with Keep, another initiative aimed at allowing users to exchange private data on a public ledger.
According to CoinMarketCap, the NuCypher price today is $1.53 USD with a 24-hour trading volume of $578,101,763 USD.
Perpetual Protocol (PERP)
PERP is the first virtual AMM (vAMM) that guarantees on-chain liquidity while enabling markets without makers. These maker-less markets reduce capital requirements. Furthermore, it opens the door for new and developing futures.
The $PERP native token holders guarantee Perpetual Protocol’s, Insurance Fund. Moreover, the Insurance Fund covers a leveraged trading loss. If the Insurance Fund runs out, Perpetual Protocol will create an additional $PERP to replace the losses.
Holders of $PERP may stake their assets in the Perpetual Protocol staking pool for a specified time. Moreover, stakers are paid with a portion of the protocol’s transaction costs as well as inflationary staking incentives. According to CoinMarketCap, the Perpetual Protocol price today is $17.15 USD with a 24-hour trading volume of $29,870,869 USD.
Telcoin (TEL)
Transparent, decentralized, and user-owned, Telcoin (TEL) is the native exchange, reserve asset, and protocol token. Moreover, TEL powers a worldwide array of user-owned, decentralized financial products.
Furthermore, TEL incentives align the incentives of the Telcoin ecosystem towards giving every mobile phone user in the globe access to quick and cheap user-owned financial products. According to CoinMarketCap, the Telcoin price today is $0.020521 USD with a 24-hour trading volume of $11,256,778 USD.
The post has appeared first on thenewscrypto.com
Read more: https://thenewscrypto.com/top-3-gainer-of-the-week-nu-perp-tel/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
