Chiliz takes the lead among top performers, experiencing an impressive 18% surge in price.
Three altcoins, namely Chiliz, Klaytn, and Blur, have experienced significant gains of over 15% on January 16, according to CoinMarketCap.
Chiliz (CHZ), offered by the Malta-based FinTech provider of the same name, has gained popularity as the primary digital currency for sports and entertainment. It currently holds the top position, with a price of $0.1053 and a 24-hour trading volume of $263 million, marking an 18.1% increase.
What is even more impressive is Chiliz’s weekly growth of 28.1% over the past week, outperforming the overall global cryptocurrency market, which has seen a decline of 1.1%.
The rise in Chiliz’s price is likely due to a post on X a few days ago, as no major announcements have been made in the last 24 hours. This post mentioned that the nodes on the Chiliz chain were upgraded on January 12.
Klaytn (KLAY), which uses similar Layer 1 (L1) cryptocurrencies, has secured the second spot on the charts of January 16 with gains of 17.5%. In this case, the surge in Klaytn’s price can be attributed to a joint proposal by Klaytn Foundation and Finschia Foundation to merge the two blockchains, creating Asia’s web3 technological and ecosystem powerhouse. If approved, this merger will combine South Korea’s leading blockchain with Japan’s.
Lastly, Blur (BLUR), the native token for the non-fungible token (NFT) marketplace and aggregator platform, has emerged in the third spot with returns of 15.3%.
According to Lookonchain, a crypto intelligence tracker, the NFT marketplace token BLUR underwent an unlocking of nearly 50 million tokens on January 16, which is part of a scheduled monthly occurrence. Out of the eight instances that have occurred so far, six have proven to be favorable for the asset.
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