Analysis

Top 3 coin movers today: XinFin, Joe, Hex

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CoinDesk Consensus

In the last 24 hours, the cryptocurrency market has seen some interesting movements, with three digital assets standing out from the rest regarding price performance.

XinFin up over 21%

XinFin (XDC) is the first digital asset that made a list, with a 24-hour price increase of 21.37%. This price rise comes after a strong uptrend in the past few weeks, with a 30-day increase of 58.09%.

The platform aims to facilitate cross-border trade finance, supply chain finance, and other business processes through its hybrid blockchain model. XinFin was founded by a team of entrepreneurs and blockchain experts, including Atul Khekade, Ritesh Kakkad, and Sameer Dharap.

At the time of writing, the market capitalization of XinFin stands at $598 million — with a 24-hour trading volume of $12 million. Its all-time high (ATH) of $0.19451 was achieved on May 8, 2021, and is currently down by 78% from that peak.

XDC
(Source: Crypto Slate)

JOE up almost 20%

JOE (JOE) is the second digital asset that saw significant price movements in the last 24 hours. JOE is up by 19.94% in the past day — with a 7-day increase of 75.82% and a 30-day increase of 45.25%.

JOE is a decentralized platform for creating and trading limited-edition NFTs that are linked to real-world collectibles, whose aim is to address the lack of authenticity and scarcity in the NFT market by linking each NFT to a unique physical asset, such as a rare coin or sports memorabilia.

It’s market capitalization currently stands at $136 million — with a 24-hour trading volume of $86 million. JOE hit an ATH of $5.05117 on March 11, 2021, and is now down 92% from that peak.

Joe
(Source: Crypto Slate)

HEX up over 16%

The third digital asset that has seen significant price movements in the last 24 hours is HEX (HEX). The price of HEX has risen 16.93% since March 20 — surging in the last seven days up 14.65% with a 30-day increase of 48.31%.

HEX is a blockchain-based certificate of deposit that allows users to stake their HEX tokens and earn interest on their holdings. The platform also incorporates a unique “gamification” element, rewarding users who hold their HEX tokens for longer periods.

HEX’s market capitalization currently stands at $17 million. It has a 24-hour trading volume of $37 million and an ATH is $0.51106 — achieved on January 3, 2021.

Hex
(Source: Crypto Slate)

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