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Top Crypto Projects Valued Over $400M Amidst June Bear Market

Cryptocurrency Jun 21, 2022 11:00AM ET
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© Reuters. Top Crypto Projects Valued Over $400M Amidst June Bear Market

  • The global crypto market capitalization is $926.45 billion, a 1.45% increase in the past 24 hours.
  • The top cryptocurrency projects with a market cap of $250 million – $500 million at the moment.
  • STEPN and Enjin Coin are on the very top of the chart, with $489 million and $455 million market caps respectively.

At the time of this writing, the total value of the global crypto market cap is at $926.45 billion, representing a rise of 1.45% from the previous day. At this time, even the most prominent cryptocurrencies, like Bitcoin, Ethereum, XRP, and BNB, are not making any headway. The following is a list of the most successful cryptocurrency ventures that have a market valuation of between $250 million and $500 million as reported by CryptoDep.

STEPN (GMT)

STEPN is at the top of the list with a market cap of $489 million. The project is a Web3 lifestyle app with GameFi components. The STEPN project’s native token is GST. Depending on the sort of shoes they buy, users might receive GST at varying rates. STEPN is available on the app stores for both iOS and Android.

Enjin Coin (ENJ)

Enjin Coin comes next with a market cap of $455 million. The price of Enjin Coin has been following a significant adverse trend due to investor anxiety over the industry of non-fungible tokens (NFT). At the moment, one ENJ token can be purchased for $0.4811, which is over 99% less than its all-time high price of almost $5. As a direct consequence of this, the market capitalization of the currency has decreased to around $430 million at the time of this writing.

Gala (GALA)

Gala is third on the list, with a market cap of $450 million. The price of Gala is now at $0.0584 and has climbed by 3.14% throughout the last twenty-four-hour period. During the intraday trading session, there was a sixty percent decline in the number of trades. This demonstrates that bears now have control of GALA, and sellers are attempting to push the price below its current level.

Celo (CELO)

Celo (CELO) is the token that drives Celo’s platform and is the native token of the platform. Using a smartphone app, users may make and receive payments from anywhere in the globe by connecting their phone numbers to their crypto wallets. As of this writing, the CELO token is valued at $0.9324, a rise of 5.52% in the last 24 hours.

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Top Crypto Projects Valued Over $400M Amidst June Bear Market
 

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