In the last 30 days, the total cryptocurrency market capitalization for over 11,125 tokens in the world increased from $1.367 trillion to $1.623 trillion. The growth of the market cap can be attributed to the increasing use of digital currencies and non-fungible tokens (NFTs) in the ongoing Summer Olympics 2020.
For example, there were over 5,000 NFT collection boxes for sale, containing 5 different Common Tokyo 2020 digital pins, with each box costing about $9. This collection project was the first of its kind, and it includes Olympic pins featuring the Tokyo 2020 emblems and mascot. These NFTs collectible pins have played a big role in increasing the popularity and demand of NFTs, digital currencies, and cryptocurrencies in the world of sports.
Prior to the start of the Olympics, the total market capitalization was around $1,195 trillion, which means that the market capitalization of cryptocurrencies has increased by more than $428 billion in a period of just two weeks.
In the last 30 days, we have seen coins that have made dramatic gains. World of Waves (WOW, $0.002965, Volume of $166,041) gained 1915381068%, making it the best performer of the month among all cryptocurrencies.
Other popular cryptocurrencies like EIFI FINANCE (EIFI, $160, volume of $218,134) gained over 5118053%, CryptoBlades (SKILL, $52.96, volume of $8,963.276) skyrocketed about 6863%, Shield Network (SHIELDNET, $0.00001365, volume of $89,133) surged over 6344%, and Saitama Inu (SAITAMA, $0.0000001554, volume of $6,924,870) soared over 3444%.
Let us now look at the top five performers in the cryptocurrency industry among the top 100 coins on the market.
In the last 30 days, the price of AXS has skyrocketed by more than 582%. Axie Infinity opened the month of July trading at around $5.68 with a market cap of $350,619,695 and volume of $43,386,014. But as we speak, AXS, the coin that ranks #46, has a market cap of $2,455,457,541 and volume of $1,207,036,434.
At press time, the AXS/USD price is near $40.06, and 24-hour trading volume is up nearly 63.43%.
Also, Axie Infinity posted a 30-day low and a 30-day high of $7.62 and $53.28, respectively (on July 27, and this was its all-time high).
The price of the cryptocurrency Flow has managed to rise over 113% in the last 30 days.
FLOW opened the month of July trading at $9.61, with a market cap of $388,298,374 and volume of $39,069,895, however, market cap's 72nd cryptocurrency is currently changing hands at around $21.65, with a market cap of $1,102,451,148 and volume of $363,999,965.
The 30-day low and high price for Flow crypto was $10.02 and $29.96 respectively.
The price of Quant, the 50th-ranked cryptoasset, has risen over 102% in the last 30 days.
At press time, the QNT/USD price is around $164.18, with a market cap of $1,978,619,702 and trading volume of $170,859,137.
Quant just hit an all time high of $191.69 (Aug 2, 2021).
Price action for Quant began to gain momentum on June 24, 2021, when trading was initiated through limit orders on the crypto exchange Coinbase Pro and its addition to Coinbases front page, which includes the Android and iOS apps.
As a result of the traction caused by the new listing, the average daily trading volume for the cryptocurrency quant has been steadily increasing.
The price of Terra, the 25th-ranked cryptoasset, has increased by more than 99.04% in the last 30 days.
Currently, the LUNA /USD price is around $11.72 with a market cap of $4,850,142,992 and trading volume of $471,630,285 - 24-hour trading volume is up 53.33%.
Terra's 30-day low and high were $5.6 and $12.18, respectively.
The price of OKB, the cryptocurrency in Rank 71, soared by over 80% in the last 30 days.
At the time of writing, the OKB/USD price is trading in the red and is now at $18.78 with a crypto market cap of $1,130,855,393 and trading volume of $567,865,261 - 24-hour trading volume is up 13.89%.
The 30-day low and high price for OKB was $9.51 and $20.64 respectively.