KNC Stands Out Among Top 300 Cryptos Amid Surging Markets
Kyber Network Crystal (KNC) stood out as a significant riser among the top 300 market cap digital assets, according to Santiment, the market intelligence platform with on-chain and social metrics. Moreover, Santiment identified AAVE, LINK, CHZ, FTM, INJ, LDO, and SNX as assets that have seen significant spikes in the recent crypto market surge.
📈 In a wild start to the #crypto week, @KyberNetwork $KNC (+27%) has stood out as a major riser among top 300 market cap assets. In terms of address & whale activity spikes, assets seeing 2023-high levels of #onchain activity include $AAVE, $LINK, $CHZ, $FTM, $INJ, $LDO, & $SNX. pic.twitter.com/bj4dPnpiSr
— Santiment (@santimentfeed) October 24, 2023
According to Santiment, the surge experienced by these assets is not limited to price but includes active addresses and whale activity spikes. All the identified digital assets have experienced new yearly highs in the metrics measured by Santiment.
Kyber Network Crystal is a multichain hub for liquidity protocols. It is a blockchain network that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp).
Data from TradingView shows that KNC, the native coin of the Kyber Network Crystal blockchain, rose from $0.607 to $0.752 in the last four days, gaining nearly 24%. The decentralized exchange (DEX) token’s market cap is $123.6 million, with a circulating supply of 170.3 million KNC, according to CoinMarketCap. KNC traded for $0.7267 at the time of writing.
Among the other tokens identified by Santiment, AAVE rallied from $61.95 on October 19 to $90.89 in six days. That surge marked a 48% gain for the decentralized lending platform’s native coin. LINK, the ecosystem token for Chainlink, achieved a 53% gain by jumping from $7.306 to $11.144 in five days.
CHZ, the native coin of the Chiliz blockchain, gained 25% during the recent market rally, while Fantom’s FTM rose from $0.1756 to $0.2409 to mark a 38% profit. The other outstanding gainers include Injective’s INJ, which gained 64%, Lido’s LDO, which gained 30%, and Synthetix Protocol’s SNX, which gained 25% profit.
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