FIRO, RAMP, VGX, QNT & QUICK: Cryptos that eclipsed leaders

With the crypto space gripped by the winter-like situation, most of the digital assets seem to have gone into the hibernation phase. As of 15 July, the overall market cap stood at US$937.66% and was up by 6.07% over a day, according to CoinMarketCap.

While the leading cryptos such as Bitcoin, Dogecoin, Cardano, etc. suffered losses of 2.78%, 7.76%, and 5.34%, respectively.  As the top guns failed to make their mark, several others sneaked up on them as table toppers.

Let’s take a look at the top 5 gainers this week despite the prevailing bearish sentiments.

Firo (FIRO)

Mcap: US $77,700,278

The 282-ranked private coin Firo has been turning heads with an impressive rally over the past week or so. What makes Firo’s rally even more impressive is the current market sentiments. The overall crypto space has been gripped by a winter phase.

As a privacy coin, FIRO masks the details of the sender and receiver, thereby ensuring anonymity. Due to its higher throughput rate and cost-effectiveness, it outshines Bitcoin and Ethereum, which struggle with the same.

The FIRO has climbed up the popularity charts of market participants after continuing a rally of over 246%, 293%, and 274% in the 7 days, 14 days, and 30 days periods, respectively.

The FIRO crypto over the past week has amassed gains of 361.99%, according to CoinMarketCap. The FIRO crypto on 15 July was maintaining its momentum and was topping the charts as the biggest gainer of the day with gains of over 155.19%, according to CoinMarketCap. Firo was trading at US$6.77 with a volume of US $46,20,47,754.

RAMP (RAMP)

Mcap: US $62,722,537

RAMP is a DeFi protocol that aims to augment DeFi adoption by allowing non-Ethereum users to stake tokens. This benefits the Ethereum users as this will allow them to interact with RAMP users and will also increase their yields.

Co-founded by Lawrence Lim and Loh Zheng Rong, RAMP offers token exchanges along with the advantage of liquidity on/off-ramp designs. This way, the cryptos which are not built on the Ethereum blockchain are converted to stablecoins called rUSD.

The RAMP token led the silver race with gains of 161.39%. On 15 July, the RAMP token witnessed a spike as it was up by 39.27% with a trading volume of US$22,48,002.

Voyager (VGX)

Mcap: US $135,261,250

With the kind of luck Voyager has had of late, it is hard to imagine it making it to the top gainers’ list. But here we are with Voyager amassing gains of 158.98% over the past week.

Dubbed as a broker-friendly token, VGX crypto offers users a trusted and secure ways to trade in crypto assets. Voyager crypto is ideal for retail and institutional investors and an ideal investment option. VGX crypto offers Smart Order Routing technology that gives investors the liberty to choose from multiple crypto exchanges and get the best exchange rate available for their transactions.

The VGX crypto, however, on 15 July was witnessing a downtrend as it was down by 5% and was trading at US$0.509089 with a volume of US$8,79,85,620 over a day.

QNT (QNT)

Mcap: US$1,261,671,253

QNT token intention when it launched in June 2018 was to create a platform that connects other blockchain networks. Therefore, it is not a surprise that this unique protocol which does it on a global scale can do it without compromising on efficiency and interoperability.

Operating on the DLT and Overledger Network, it is one of the first projects, which comes with an operating system of its own that is uniquely designed for the blockchains. What makes QNT protocol exceptional is its ability to create smart contracts and its ability to create and release MApp. 

In the last past week, the QNT crypto has managed to gain over 77.16%. On Friday, it was rallying by 21.10% and was trading at US$108.33 with a volume of US$15,32,65,008.

QuickSwap (QUICK)

Mcap: US$30,682,079

QuickSwap is primarily a fork of AMMs, which has now become an integral part of the DeFi infrastructure. Built on top of the Ethereum blockchain, the QUICK token runs on the Polygon Network to offer quicker and cost-effective transactions.

Built as a replica of the Uniswap protocol, it offers the same liquidity pool model and allows the users to add pairs of tokens to liquidity pools. Besides, it also allows the holders to earn transaction fees.

The QUICK crypto in the last 7 days managed to amass gains of 69.45%. QUICK crypto on Friday was trading at US$94.80 with a 24-hour volume of US$10,62,50,005, according to CoinMarketCap.

Even today, QUICK was witnessing a massive rally of 62.82%, according to CoinMarketCap.

Conclusion

As the crypto market continues to see ups and downs due to the extreme volatility and global market situations, the investors must make sure that they don’t make baseless and fickle decisions based on their lack of knowledge. Therefore, they must do their research and ensure they study the market trends well before taking investment calls.  

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