Top 3 Cryptocurrencies Gaining The Most Price Today On CoinMarketCap (December 20th)

Looking on CoinMarketCap, there’s never a shortage of cryptocurrencies experiencing insane price gains every day. This article looks at the top three gainers today on CoinMarketCap, ordered by 24-hour price gain, lowest to highest.

3. Egoras (EGR) +226.85%

Egoras enables interest-free loans on physical and crypto-assets. The platform aims to provide unbanked individuals with a source of capital to start businesses, supporting small and medium-sized enterprises with access to funds.

Currently, anyone can connect to the Egoras dApp using a wallet like MetaMask, and apply for an online or offline loan based on collateral. The collateral can include all sorts of electronics, such as Laptops, TVs, Headphones, etc.

In addition, Egoras features a DAO that makes decisions for the future of Egoras and is built on the Binance Smart Chain.

Egoras has been listed on CoinMarketCap since October, so what’s contributing to the recent price hike?

Looking on their official Twitter, the Egoras Crypto Loan testnet is scheduled to end on December 31st, with the mainnet deployed in a few weeks. With a current market cap of $1 million, Egoras is quite an undervalued project that could explode in popularity once the mainnet launches.

On the other hand, the trading volume for Egoras is relatively low at $97k. This means that a small whale can easily influence EGR’s price, so investors should proceed with caution.

At the time of writing, EGR is trading at $0.029, up over 226% in the past 24 hours. Its market cap is $1 million, with a circulating supply of 43 million EGR. You can purchase Egoras on MEXC or Bitmart.

2. Stadium (STD) +238.08%

Stadium describes itself as the world’s first decentralized betting platform that offers rewards to holders, aiming to become the leading betting blockchain worldwide.

STD is the native currency on the platform that provides rewards for users, liquidity for the market, and redistributes 3% of every transaction to Stadium holders.

Stadium was listed back in November, so why is the price rising so much today?

Stadium announced on December 14th the official launch of their NFT collection, which is planned for December 21st.

Moreover, with a fully working dApp that allows players to bet on matches, it comes as no surprise that STD is making waves today.

STD is currently trading at $0.088, with a 24-hour trading volume of $1.5 million. Its market cap is only $5.7 million, which means this coin could easily double or triple in price. The relatively high trading volume is also reassuring.

At this time, you can only purchase STD from PancakeSwap.

1. Hakuryu (RYU) +1418.55%

The biggest gainer of today, surpassing every other cryptocurrency by almost tenfold, is Hakuryu, a decentralized token built on the Binance Smart Chain.

Hakuryu will feature its Swap-DEX, a unique NFT collection, and a Play-to-earn game planned to be released in Q1 2022.

Hakuryu has an exceptionally well-designed website, and its vision aligns with current crypto trends. Since it was only recently listed on CoinMarketCap last night, there’s still an extremely high amount of volatility for the project.

Its market cap is currently at $22 million, which I would consider average for a new project that’s hyped up. Looking on their Twitter, their official account tweeted that Hasbulla gave a shoutout to Haku-Ryu to his 1.5 million followers, which could be a big reason for today’s RYU hype:

At the time of writing, RYU is trading at $0.0333 with a 24-hour trading volume of $1.1 million. Its market cap is $22 million, with a circulating supply of 820 million RYU.

You can purchase RYU on PancakeSwap or IndoEx.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.

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