• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Bitcoin
    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    featured image

    How Bitcoin can be hacked?

    keep bitcoin safe

    Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

    featured image

    Bitcoin IRA – Everything You Need to Know

    A trillion dollar tsunami is about to hit Bitcoin

    A trillion dollar tsunami is about to hit Bitcoin

    featured image

    Why Bitcoin will always be the number one cryptocurrency? Explained

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    Trending Tags

    • Crypto Gems
    • NFT
    • DEFI
    • Crypto Lists
    • Altcoin
    • Crypto Market
    • Guide
    • IBC Capital
    No Result
    View All Result
    • Bitcoin
      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      featured image

      How Bitcoin can be hacked?

      keep bitcoin safe

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

      featured image

      Bitcoin IRA – Everything You Need to Know

      A trillion dollar tsunami is about to hit Bitcoin

      A trillion dollar tsunami is about to hit Bitcoin

      featured image

      Why Bitcoin will always be the number one cryptocurrency? Explained

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      Trending Tags

      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home Altcoin

      Top 10 Altcoins that Outperformed Bitcoin and Other Top Cryptocurrencies This Month

      Karthik Guttha by Karthik Guttha
      July 17, 2021
      in Altcoin, Crypto Market
      0 0
      0
      Top 10 Altcoins that Outperformed Bitcoin and Other Top Cryptocurrencies This Month
      164
      SHARES
      2k
      VIEWS
      Share on FacebookShare on Twitter

      While Bitcoin and other top cryptocurrencies continue to disappoint, some altcoins outperform the entire market by leaps and bounds. We see well-established projects that were once dead in the water gain huge traction and popularity in a matter of weeks. As a result, new ecosystems in the crypto space are trending in a way no one imagined. 

      Most of these altcoins have observed significant network growth, daily active users, and, most importantly- less correlation with other crypto assets. While fans and communities purely drove some, others realized growing opportunities in the marketplace. Here we have listed the top 10 altcoins that have led the pack in overcoming the sideways action in the market: 

      Axie Infinity (AXS) 

      Axie Infinity made 370 million in sales in the last month, and its revenue increased 118x. Not only that, Axie outperformed other blockchains and Dapps like Ethereum and Uniswap. This NFT-based play-to-earn caught fire in June, and it kept hitting new all-time highs almost every single week. Axie Infinity’s growth is something we have never seen. At the beginning of the year, Axie’s monthly revenue was $100,000, and now- it just surpassed $23 million for the month of July. 

      Source- Axieworld 

      Axie is now the leading application in the entire NFT space. The platform did 20x the volume of NBA top shots in recent days, and the average purchase is doubling every single month. 

      The correlation between Axie Infinity’s fully-diluted market capitalization and its revenue is a sign that investors are paying attention to the fundamentals, regardless of market conditions.

      Projects like $AXS will not only survive a ‘bear cycle’, but thrive effortlessly. pic.twitter.com/GBHJC6h7nB

      — Block49 Capital (@Block49Capital) July 7, 2021

      NFT fans and communities realize Axie’s fundamentals are strong and believe it can thrive in any market situation. Even when top assets in the NFT world were depreciating, the native token of Axie Infinity- AXS- reflected a 378% surge in just 30 days. 

      Axie’s Tokenomics: 

      Market Cap-  $1.2 Billion 

      Fully Diluted Market Cap- $5 Billion 

      Token Price- $18.74 

      Circulating Supply– 60,907,500 AXS 

      Constellation (DAG) 

      Constellation price has increased by 238% in the last month, and it is mainly due to the new wallet release and low transaction costs. DAG’s rapid rally took place once the project pivoted towards Defi. By launching a decentralized platform and growing the list of ecosystem partners, Constellation made significant developments in lowering costs and increasing throughput. 

      Source- Twitter

      Constellation is proving to have strong fundamentals and use cases by partnering with Amazon Web services and US Air Force. We have also seen the protocols make some sector-related partnerships with Chainlink and KuCoin exchange. With that said, the scalable distributed network is one exciting project to watch out for. 

      DAG’s tokenomics: 

      Market Cap- $190 Million 

      Fully Diluted Market Cap- $561 Million 

      Token Price- $0.149 

      Circulating Supply- 1.27 Billion DAG 

      XinFin Network (XDC) 

      XDC network ROI has exceeded 450% and made significant improvements in the last couple of months. Being a hybrid blockchain with 2000 TPS and 2 seconds transaction time, the XDC chain is slowly getting its recognition in the crypto ecosystem. It reached its all-time high on April 2021 when it was trading at $0.141. Although the price prediction based on current sentiment shows a bearish cycle, it still outperformed other tokens by huge margins. It has given close to 50% returns in the last 30 days. When XDC interoperates with Ethereum, we can expect to see a similar rally. 

      XDC’s tokenomics- 

      Market Cap- $965 Million 

      Fully Diluted Market Cap- $2.9 Billion 

      Token Price- $0.07 

      Circulating Supply-  12.28 Billion XDC 

      Small Love Potion (SLP) 

      Small love potions are in-game items earned in the Axie Infinity game. In a way, it serves as experience points. As AXS captured all-time highs, the SLP token also hit ATH, reaching $0.39 per unit. With Axie Infinity leading the NFT craze, we see massive interest in buying more SLP tokens. Players want to participate more actively in the network and breed their Axies. As the game allows seven breeds, players are rushing to buy SLP on the open market. In the last 24 hours, the traditional volume increased by 25%, with Binance leading by more than $99 million.

      SLP’s tokenomics: 

      Market Cap- $141 Million 

      Fully Diluted Market Cap- $142 Million 

      Token Price- $0.26 

      Circulating Supply- 541,173,609 SLP 

      Illuvium (ILV)

      Illuvium is a blockchain-based game that offers high graphics and impressive gameplay. The open-world RPG has attracted thousands of traditional gamers to participate in the network and become a part of the community. In the last one month, the price of the native synthetic token- ILV increased by more than 100 dollars. It reached a new all-time high of $125, and the lowest price since was $90, so it is currently showing a bullish picture for the next cycle. Illuvium’s massive growth is mainly because play-to-earn games caught the attention of some major players worldwide. 

      ILV’s tokenomics- 

      Market Cap- $65 Million 

      Fully Diluted Market Cap- $1 Billion 

      Token Price- $100 

      Circulating Supply- 651,440 ilv 

      Dero (DERO)

      Dero has picked up its pace recently and hit a new all-time high of $13.48. The price-performance is much better than blue-chip assets as it gave more than 50% returns in the last month. The lowest price since its ATH was $6, and it is currently trading at a price of $6.35. It shows a bearish picture in the short term, but it is still performing a lot better when compared to other tokens. 

      DERO’s tokenomics- 

      Market Cap- $68 Million 

      Fully Diluted Market Cap- $116 Million 

      Token Price- $6.35 

      Circulating Supply- 10,7267,362 DERO 

      The Sandbox (SAND) 

      The Sandbox enables users to create, buy, and sell digital assets in a whole different virtual world. By leveraging the powers of DAOs and NFTs, the Sandbox is a successful play-to-earn game. After seeing Axie Infinity’s massive growth, NFT users got hooked and we’re exploring more games. This allowed the company to build a thriving gaming community where players are actively participating. In terms of network growth and price performance, the native token- SAND increased by more than 70% in the last month. 

      DERO’s tokenomics- 

      Market Cap- $327 Million 

      Fully Diluted Market Cap- $1.4 Billion 

      Token Price- $0.46 

      Circulating Supply- 702,992,326 SAND 

      TomoChain (TOMO)

      TomoChain is attempting to solve the scalability problem in the Ethereum network with its high TPS capacity. We have seen a huge uptick in all growth metrics for its native token- TOMO in the last few weeks. Trading volume is up 40% today, and network ROI shows a 10.36x increase. As the protocol comes with many use-cases such as private-chain generation and zero-free instant transactions, we can expect TomoChain to onboard more users in the future. 

      TOMO’s tokenomics- 

      Market Cap- $213 Million 

      Fully Diluted Market Cap- $258 Million 

      Token Price- $2.56 

      Circulating Supply- 83,533,912 TOMO 

      KuCoin Token (KCS) 

      KCS is one of those proprietary coins of cryptocurrency exchanges that serve the role of providing passive income. Although KuCoin failed to touch its previous all-time high, it is still performing relatively well when compared with similar blockchain projects. 24-hour trading increased by 50%, but the price of the token went down by 10%. We are still up by more than 15% and ahead of many top blue-chip assets if we compare the monthly figures.

      KCS Tokenomics 

      Market Cap- $794 Million 

      Fully Diluted Market Cap- $1.68 Billion 

      Token Price- $9.9 

      Circulating Supply- 80,118,638 KCS 

      Stacks (STX) 

      Stacks is a layer-1 solution with the added functionality of a proof-of-transfer (PoX) mechanism. Recently, its native token, STX, made some moves to the upside and reached a cycle high of $1.46. It went up by more than 14% in the last 30 days, but it shows a bearish picture right now. It can be viewed as an opportunity to buy the dip and dollar-cost average or wait for the prices to go even lower. 

      STX Tokenomics 

      Market Cap- $1.2 Billion 

      Fully Diluted Market Cap- $1.8 Billion 

      Total Value Locked- $415 Million 

      Token Price- $1.02 

      Circulating Supply- 1.1B STX 

      Closing Thoughts 

      Top crypto assets are still consolidating for an extended period now, and that has opened up new opportunities for low-middle cap projects in the NFT and Defi ecosystem. Crypto investors and retail players are exploring new business models like play-to-earn, resulting in massive growth for some of these projects. While most of them are driven by hype and fan communities, we see the growth potential and strong fundamentals to back it up. It would be exciting to see what will happen once we overcome this sideways price action and trend upwards for a breakout. So make sure to keep an eye out for the above-listed projects. 

      Karthik Guttha

      Born and brought up in India, Karthikeya Gutta is a crypto journalist and freelance contributor for ItsBlockchain. He covers various aspects of the industry with in-depth analysis and research. His passion towards blockchain and crypto ecosystem is mainly because he believes it can really change the world and help millions of people.

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: featured
      Share66Tweet41Share16

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      ATOM Set to Explode after the Revised Tokenomics

      ATOM Set to Explode after the Revised Tokenomics

      by Aniketh Paul
      October 14, 2022
      0

      ATOM 2.0 Tokenomics will change the future of Cosmos hub and its native token. In this article, We'll deep dive...

      What’s Ahead on the Cryptocurrency Rollercoaster?

      What’s Ahead on the Cryptocurrency Rollercoaster?

      by Guest Author
      January 11, 2022
      0

      Cryptocurrency came on fast and furious and surprised financial experts, governments, and users alike with massive fluctuations and outstanding climbs...

      Discussing Bull & Bear Cases in 2022 with On-Chain Analysis

      Discussing Bull & Bear Cases in 2022 with On-Chain Analysis

      by Karthik Guttha
      January 9, 2022
      0

      In our previous on-chain market analysis, we mainly discussed that bitcoin needs to reclaim the $53k level, which is the...

      Highlights from 2021: The Year of Crypto

      Highlights from 2021: The Year of Crypto

      by Karthik Guttha
      December 31, 2021
      0

      2021 will be remembered as a year when we defied the odds.  We lost hope in traditional financial systems that...

      On-Chain Data Shows Open Interest is Reset to Previous Lows in May, Indicating a Spot-Driven Market

      On-Chain Data Shows Open Interest is Reset to Previous Lows in May, Indicating a Spot-Driven Market

      by Karthik Guttha
      December 12, 2021
      0

      The crypto market has been making violent swings over the past couple of weeks. The new covid variant, Omicron, certainly...

      Load More

      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

      • Trending
      • Comments
      • Latest
      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      November 22, 2022
      featured image

      List of leading partners of Ripple, and How they use XRP?

      February 2, 2021
      Top crypto coins for 2018

      Top 25 crypto coins to Buy in 2018 [UPDATED]

      October 4, 2018
      Top 5 DeFi Projects on Tezos

      Top 5 DeFi Projects on Tezos

      December 26, 2022
      crypto traders 2021

      Top 5 Crypto traders to follow on Twitter in 2021

      May 29, 2021
      ATOM Set to Explode after the Revised Tokenomics

      ATOM Set to Explode after the Revised Tokenomics

      October 14, 2022
      WTF is an xNFT? And Why Should You Care

      WTF is an xNFT? And Why Should You Care

      July 9, 2022
      EIP-4844 Explained | The Biggest Ethereum Upgrade

      EIP-4844 Explained | The Biggest Ethereum Upgrade

      February 7, 2023
      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      January 17, 2023
      RINO Enterprise Wallet launches free Community Edition

      RINO Enterprise Wallet launches free Community Edition

      January 14, 2023
      Top 5 DeFi Projects on Tezos

      Top 5 DeFi Projects on Tezos

      December 26, 2022
      Modular Blockchains: The Next Big Thing in Web3

      Modular Blockchains: The Next Big Thing in Web3

      December 12, 2022
      A Dummy’s Guide to Ethereum Rollups

      A Dummy’s Guide to Ethereum Rollups

      November 30, 2022
      Tezos Blockchain is Always Under the Radar but Continues to Excel

      Tezos Blockchain is Always Under the Radar but Continues to Excel

      November 22, 2022
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        29620 shares
        Share 11837 Tweet 7398
      • A Mysterious Bitcoin Whale who sold 3000 Bitcoins at 58K$, Bought back 3521 Bitcoins in the last three days

        9925 shares
        Share 3969 Tweet 2481
      • Top 10 Low market cap altcoins to invest in 2021

        7260 shares
        Share 2902 Tweet 1814
      • Top 10 NFT Crypto Projects You Should Know

        7257 shares
        Share 2620 Tweet 1638
      • List of leading partners of Ripple, and How they use XRP?

        6054 shares
        Share 2421 Tweet 1513
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • Bitcoin
      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.