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August’s Token Race: Chainlink is the Biggest Winner
财女知女和大美女
特邀专栏作者
2020-09-07 07:36
This article is about 1245 words, reading the full article takes about 2 minutes
August is a month of rapid development for DeFi, especially in the field of Yield Farming (Yield Farming), and some tokens in this ecosystem (such as Yam) have experienced a rapid roller coaster. Overall, August was a green month with new yearly highs, p

Is August a good month? It depends on the coin you are asking. August was an excellent month for many in the market, but for some of the top 10 coins by market cap, they ended in the red (the crypto market was green and red and fell).

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top ten tokens

In the last month, Bitcoin (BTC) broke through $12,000 again, setting a new yearly high. The price later corrected downwards, but the price remained above $11,000.

Altcoins also surged, with Ethereum (ETH) reaching above $400 and peaking at $463. Ethereum’s long-awaited Medalla testnet launched in mid-August and was followed by some issues, but they appear to be under control.

Looking at the overall performance of the top ten tokens, chainlink (LINK) is the clear winner with an increase of over 90%. ChainLink experienced another surge in August, breaking into the top 10 and surpassing Bitcoin Cash (BCH).

Second-place Ethereum climbed less than 10%. Excluding the stablecoin USDT, the only other coin that has rallied in the past 30 days is Binance Coin (BNB).

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Top ten growth list

Whether it is the top 50 winners by market capitalization or the top 10 winners, there are not a few. Among them, REN took the lead, and the token appreciated by nearly 230%. followed byOMG, also appreciated by 200%.

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The top ten drop list

The top stock was Polkadot (DOT), down nearly 100%, once a top 20 great crypto asset by market cap, and a top 10 asset by market cap according to CoinGecko. Interestingly, despite its massive weekly declines, it still isn't doing too badly. On August 21, Polkadot split 100 times, and all token balances also increased 100 times, so the value of all token holdings is the same as before.

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Top 100 winners and losers

Band Protocol (BAND) has another win in this month's Top 100. Over the past 30 days, Band Protocol has seen a growth rate of 267%. There are three other coins in the over 200% appreciation region, namely REN, Aragon (ANT), and NEM. Another 11 altcoins are up more than 100%.

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