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Over the past 24 hours, the cryptocurrency market has seen varied movements, with approximately 10% of listed cryptocurrencies showing positive trends. ConstitutionDAO experienced the most important revival, which represents a gain of 38.30% within this time frame. If we analyze the past year’s performance, Injective is the biggest player, with an impressive gain of 2,781.31%.
Biggest Crypto Gainers Today – Top List
In retrospect, Bitcoin’s 2023 performance marked remarkable progress, driven by several factors. The expected approval of a place Bitcoin traded on the stock exchange fund (ETF) and the rise of innovative applications such as Ordinals, a Bitcoin-based iteration of non-fungible tokens (NFTs), have contributed significantly to the upward trajectory.
1. Bitcoin SV (BSV)
Bitcoin SV today marks another entry into the ranks of the top crypto winners. The coin is valued at $83.84, with a trading volume of $163.82 million in the last 24 hours. Its market capitalization is $1.64 billion, which represents a market dominance of 0.10%. Over the past day, the price has risen by 3.79%.
Last year supply inflation was 1.90%, which amounts to 364,726 BSV. Within the Layer 1 sector, Bitcoin SV occupies the 27th position based on market capitalization. Looking at the past year’s performance, BSV has shown a significant price increase of 98%.
It has surpassed 59% of the top 100 crypto assets in this period and is currently trading above its 200-day simple moving average. Furthermore, it has high liquidity due to its significant market capitalization. Currently, sentiment surrounding Bitcoin SV price prediction is bullish. The Fear & Greed Index registers at 70, indicating a sentiment of ‘greed’.
2. Synthetix (SNX)
Synthetix hits the top crypto gainers today with a price of $3.47 and an intraday increase of 2.40%. This marks a substantial increase from the all-time low of $0.032478 on January 5, 2019, yet significantly lower than the peak of $28.63 on February 14, 2021. The token has experienced fluctuations between its cycle high of $4.94 and a cycle low of $4.94. $1,400150 since its ATH.
Furthermore, the token has consistently traded above its 200-day moving average, signifying a continued positive trend. Moreover, it has had fifteen green days out of the last 30, which equates to a positive performance ratio of 50%.
Andromeda release from Synthetix: embracing buyback and burn
With the Andromeda release on @baseren40% of Perps V3 fees will be allocated to buybacks and burns $SNX use tokens @jaarnfi-inspired contracts.
This strategy is designed to effectively distribute compensation in… pic.twitter.com/KAQCc4er60
— Synthetix ⚔️ (@synthetix_io) January 5, 2024
Synthetix’s current market capitalization is $398.44 million, indicating a high level of liquidity within the industry. There are 114.84 million SNX tokens circulating out of a maximum supply of 212.42 million SNX. According to its market dominance, Synthetix holds 0.02% of the total market. The sentiment surrounding Synthetix’s price forecast is bearish, contrasting with a Fear & Greed Index showing 70 (Greed). This indicates mixed expectations within the market regarding the future trajectory.
3. Bitcoin Cash (BCH)
BCH makes another entry into the top crypto gainers today with an intraday trading volume of $510.27 million. Over the past 24 hours, BCH has seen a modest increase in value of 0.24%. Moreover, sentiment analysis suggests a bearish outlook for Bitcoin Cash, compared to a Fear & Greed Index reading 70 (Greed).
Within the Proof-of-Work Coins sector, it occupies the fourth position in market capitalization. Furthermore, it secures the top position within the Bitcoin Cash sector and ranks #14 in the Layer 1 sector.
Additionally, the token’s highlights include BCH’s 138% price increase over the past year. As such, it outperformed 68% of the top 100 crypto assets over the same period. Likewise, BCH is trading above its 200-day simple moving average, indicating a positive trend. Furthermore, BCH has seen 15 green days in the last 30 days, accounting for 50% of the observed period. The high liquidity is reflected in the market capitalization.
4. Sponge V2 ($SPONGE V2)
Sponge V2, which launched at an initial valuation of $1 million, has shown significant growth trends since its inception. The market capitalization rose to over $100 million in 2023, but currently stands at $16 million. This growth has attracted a community of more than 11,500 holders.
???? Missed the 100x success of Sponge V1?
With an even bigger campaign for it #SpongeV2, we’ll come back stronger than ever! ????
Hurry and place your bets $SPONSE tokens today! ????$SPONSE #Crypto #CryptoStaking pic.twitter.com/QIo0RMz4LT
— $SPONGE (@spongeoneth) January 6, 2024
Additionally, Sponge V2 introduces the Stake-to-Bridge model, designed to facilitate a smooth transition $SPONSE holders for V2. This model incentivizes and retains existing holders through staking mechanisms. Therefore, it provides an approach for involving and maintaining user participation during migration.
Additionally, the project’s roadmap outlines intentions for primary stock exchange listings and has received support from a community of 30,000 members. These plans indicate strategic positioning for potential growth, putting it among the top crypto winners today. Moreover, it has attracted the interest of potential investors.
5. Stellar (XLM)
Stellar has seen a remarkable price increase, rising 65% in the past year. The price of XLM is $0.119243, with a market cap of $3.37 billion and a trading volume of $138.75 million in the last 24 hours. Additionally, Stellar exhibits significant liquidity, as evidenced by its market capitalization.
In recent performance, the asset has shown strength by consistently trading above its 200-day simple moving average. Furthermore, it recorded 15 positive trading days in the past month, which represents a 50% positive trend price. Analyzing sentiment indicators, current predictions for Stellar’s price appear bearish. Meanwhile, the Fear & Greed Index, which shows a level of 70, indicates greed in market sentiment.
For Stellar Community Fund #20, over $1 million in XLM was awarded to 31 participants.
Congratulations to everyone and thank you for playing a key role in building the Stellar ecosystem!
Find the full summary here: https://t.co/BIfFD5WMpC
— Soroban (@SorobanOfficial) January 3, 2024
Supply dynamics are also worth considering, as Stellar’s circulating supply is 28.29 billion out of a maximum supply of 50 billion. With an annual supply inflation rate of 10.08%, approximately 2.59 billion XLM were newly minted in the past year.
6. Memecoin (MEME)
Memecoin is currently priced at $0.025176, with a 24-hour trading volume of $57.14 million and a market cap of $221.48 million. With a market dominance of 0.01%, it is the sixth largest memetic coin in the sector. Over the past day, MEME price showed an increase of 2.45%.
The coin’s history reflects a peak of $0.047306 on December 6, 2023. However, after ATH, the lowest price was recorded at $0.018240 (cycle low), while the highest price since reached $0.031205 (cycle high).
Market sentiment predicts a bearish trajectory for Memecoin, in contrast to the Fear & Greed Index, which shows a level of 70 (Greed). In terms of tokenomics, Memecoin has a circulating supply of 8.80 billion MEME out of a maximum supply of 69.00 billion MEME. This indicates the high liquidity relative to market capitalization, making MEME among the top crypto gainers today.
7. Ontology (ONT)
Ontology’s current price is $0.261871, up 1.56% in the last 24 hours. The coin has a trading volume of $66.38 million, a market cap of $229.20 million and a marginal market dominance of 0.01%.
Ontology ranks 23rd in the Proof-of-Stake Coins sector and 67th in the Layer 1 sector by market capitalization. Notable aspects include a 69% price increase in the past year, consistent trading above the 200-day simple moving average, and 17 positive trading days out of the past 30, good for 57%.
???? Ontology #EVM Upholder: If you proudly hold at least 6 in your hands $ONG on #Ontology EVM, a loyal one #NFT Plus you can claim!
Show your support for the ecosystem and get rewarded. ????
— Ontology #BUIDL4Web3 (@OntologyNetwork) January 5, 2024
Furthermore, Ontology’s price forecast remains neutral, in line with a Fear & Greed Index of 70, leaning towards ‘Greed’. Additionally, 875.25 million ONT coins will be released into circulation from a maximum supply of 1.00 billion.
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