Alchemy Pay, Bifrost and Mobox were the biggest crypto-gainers in August
Link copied to
Alchemy Pay was the best performing cryptocurrency in August among the top 300 coins, as the Singapore-based crypto-fiat hybrid payment solution provider’s ACH token exploded in value following a partnership with crypto juggernaut Binance.
The Alchemy Pay coin jumped from around US0.004c to as much as US15c after the partnership was announced August 3.
The partnership with Binance will allow users of the Binance App spend their crypto at Alchemy Pay network merchants, including e-commerce giant Shopify.
By the end of the month, ACH had cooled somewhat, trading at 9.7c, but it still finished the month up more than 1,600 per cent.
The ERC-20 token is the No. 243 crypto, with a market cap of US$306 million.
Holding 3.1 Million $ACH. Why? $ACH enabling millions of @Shopify merchants to accept crypto via partnership with @binance. @AlchemyPay will make it seamless to transact with crypto globally. Always invest in products or companies that solve real problems and you will be rewarded pic.twitter.com/eHonXgBnR0
— Dak (@dakmoattackmo) August 28, 2021
The second-best gainer among top 300 coins was No. 171 token Bifrost (BFC), with a 761 per cent gain for the month.
The surge came after BiFi Lending launched a protocol to allow Bitcoin holders to take part in decentralised finance activities such as lending and borrowing using the BFC token.
That’s been possible before only through the use of tokenised BTC traded on the Ethereum network. BiFi says “this is the world’s first DeFi lending that works across native chains. We connect Bitcoin and Ethereum networks directly.”
Binance Smart Chain optimised yield farming and NFT platform Mobox was the No. 3 gainer in August. The No. 229 coin, Mobox tokens rose 473 per cent.
On the flipside, the Smooth Love Potion token used in the Axie Infinity game was the biggest decliner in August, falling 50 per cent.
So far this year, BakerySwap‘s BAKE token has been the biggest gainer among top 300 coins, rising 18,000 per cent.
AXS, the other token used in the Axie Infinity game, is second with a 13,000 per cent rise, according to Cryptorank.
Dogecoin has been the biggest gainer among top 300 coins in the past 12 months, with an 8,500 per cent rise. (Not including coins less than a year old).