Another bad day for crypto with the overall market sliding on news of Tether’s subpoena. 96/100 crypto assets are down over the last 24 hours, overall around 11%.
Today’s big winner was Revain, jumping into the top 100 with volume coming from Kucoin, BTC-Alpha, and Cryptopia. It currently sits at a $290M market cap, good for 79th overall. Revain promises to bring accuracy and accountability to the online review world by introducing strict KYC for reviewers and transparency through blockchain. They plan to incentivize reviewers with tokens for submitting quality feedback for their online purchases and product experiences. No real news broke today – but the price surged despite sharp declines throughout the crypto world.
Amongst today’s losers – and there are many – today’s biggest decliner was Dent. Dent has set out to revolutionize mobile data. They want to enable P2P transactions where users buy, sell and gift data to other people at will. That would mean no roaming or surcharges. If successful, Dent would dramatically pressure the profit-margins of major telecoms and service providers.
It’s a big idea that was rewarded by investors to the tune of a $1B+ valuation just 3 weeks ago, but the hubris has died down and the market cap has receded down to $340M.