CoinFactiva Analysts: Top 10 Pantera Capital Portfolio Coins by CoinGecko

Introduction

The crypto market is down over the last 7 days. Market cap fell from $2.430 trillion to $2.386 trillion. Today, the global cryptocurrency market cap is $2.41 trillion. This is a 1.34% change in the last 24 hours and 94.55% change one year ago.

Bitcoin Dominance

Bitcoin (BTC) has a market cap of $1.22 trillion, representing a dominance of 50.72%. Meanwhile, Stablecoins have a market cap of $161 billion, accounting for 6.7% of the total crypto market cap.

Despite the Downturn

Some cryptocurrencies still yield returns for their investors. This article highlights the top 10 Pantera Capital Portfolio Coins by market cap, performing best over the last 7 days according to CoinGecko. Insights into their price drivers are provided by analysts from CoinFactiva.com on June 30, 2024.

Overview of Pantera Capital

Pantera Capital is an American hedge fund and venture capital firm. It focuses on digital assets and is headquartered in Menlo Park, California. The fund specializes in cryptocurrencies and blockchain technology. Pantera’s global macro strategy has invested over $1 billion in institutional allocations.

Pioneering Efforts

Pantera launched the first cryptocurrency fund in the United States when Bitcoin was at $65/BTC in 2013. The firm subsequently launched the first exclusively-blockchain venture fund. In 2017, Pantera was the first firm to offer an early-stage token fund. The Pantera Bitcoin Fund has returned 66,600% in eight years, providing billions to its investors. Pantera manages $4.8 billion across three strategies: passive, hedge, and venture. These strategies focus exclusively on Bitcoin, other digital currencies, and companies in the blockchain tech ecosystem. The Pantera Capital Portfolio market cap today is $81.3 billion, a 1.3% change in the last 24 hours.

Significance of Market Capitalization

Market cap helps investors compare value across cryptocurrencies. It provides a complete story about the true value of companies and their relative size. Investors use market cap to formulate strategies and evaluate growth potential and risks of digital assets.

Market Cap Categories

• Mid-cap cryptocurrencies: Market caps between $1 billion and $10 billion. They have more untapped potential but higher risk.
• Small-cap cryptocurrencies: Market cap of less than $1 billion. They are susceptible to dramatic swings based on market sentiment.

Top 10 Pantera Capital Portfolio Coins by 7 Days Performance

1. Stride (STRD)

• Price: $1.63
• Change: +22.4% within the last 7 days
• Market Cap: $132,593,467

STRD is the governance token of the Stride blockchain. It allows staking and earning rewards in STRD and liquid staked tokens. STRD is essential for on-chain governance processes like validator selection and chain upgrades.

2. PsyFi (PSY)

• Price: $0.001023
• Change: +22.5% within the last 7 days
• Market Cap: $407,920

PsyFi is a collection of decentralized financial protocols on the Solana blockchain. It helps users do more with their crypto assets.

3. Marlin (POND)

• Price: $0.02011
• Change: +14.3% within the last 7 days
• Market Cap: $162,618,342

Marlin is a verifiable computing protocol using TEE and ZK-based coprocessors. It allows smart contracts, web or mobile clients, and enterprises to rent compute instances or deploy serverless functions over a decentralized cloud.

4. Anchor Protocol (ANC)

• Price: $0.01162
• Change: +10% within the last 7 days
• Market Cap: $4,076,641

Anchor is a decentralized savings protocol offering low-volatile yields on Terra stablecoin deposits. It aims to provide a stable, reliable source of yield in the crypto market.

5. Injective (INJ)

• Price: $22.95
• Change: +12% within the last 7 days
• Market Cap: $2,235,118,47

Injective is an interoperable Layer 1 blockchain for DeFi applications. It provides financial infrastructure modules for building dApps like decentralized exchanges and lending protocols.

6. ShapeShift FOX (FOX)

• Price: $11
• Change: +11% within the last 7 days
• Market Cap: $37,400,337

ShapeShift is a cross-chain crypto trading platform and portfolio manager. FOX Token holders govern the ShapeShift DAO and vote to allocate the treasury and revenues generated by the ShapeShift ecosystem.

7. Aevo (AEVO)

• Price: $0.5221
• Change: +9.6% within the last 7 days
• Market Cap: $439,361,764

Aevo is a Layer 2 decentralized derivatives exchange for options and perpetual contracts. It is built on the Aevo Chain, an Ethereum-based rollup using Optimism stack.

8. Instadapp (INST)

• Price: $1.55
• Change: +9.4% within the last 7 days
• Market Cap: $127,735,584

Instadapp is a platform for users and developers to leverage DeFi. The Instadapp protocol aggregates multiple DeFi protocols into one upgradable smart contract layer.

9. Polkadot (DOT)

• Price: $6.19
• Change: +9% within the last 7 days
• Market Cap: $8,541,511,906

Polkadot is a Layer-0 blockchain platform that allows multiple blockchains to connect and operate. It shares unique features while pooling security among protocols.

10. Oasis Network (ROSE)

• Price: $0.09765
• Change: +8.5% within the last 7 days
• Market Cap: $655,532,649

Oasis is a privacy-enabled and scalable layer-1 blockchain network. It combines high throughput and low gas fees with secure architecture, powering Web3 applications like DeFi, GameFi, and NFTs.

Conclusion

These top 10 Pantera Capital Portfolio coins demonstrate significant performance over the past week. Despite market fluctuations, these cryptocurrencies offer unique use cases and potential returns. Investors should consider their growth potential and risks when making investment decisions.