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Over the past 24 hours, the cryptocurrency market has seen various movements, with approximately 10% of listed cryptocurrencies showing positive trends. ConstitutionDAO experienced the most significant rebound, marking a gain of 38.30% in this period. When analyzing the performance over the last year, Injective is the performance leader, demonstrating an impressive gain of 2,781.31%.
Today's Biggest Cryptocurrency Gainers: Top List
In retrospect, bitcoin's performance in 2023 marked notable advances driven by several factors. Early approval of a spot crypto-predictions-2024-123300932.html”>Exchange Traded bitcoin fund (ETF) and the emergence of innovative applications such as Ordinals, a non-fungible token (nft) iteration based on bitcoin, contributed significantly to its upward trajectory.
1. bitcoin SV (BSV)
bitcoin SV marks another entry among today's top winning cryptocurrencies. 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, representing a market dominance of 0.10%. Over the last day, the price saw an increase of 3.79%.
Last year, the supply inflation rate was 1.90%, generating 364,726 BSV. Within the Layer 1 sector, bitcoin SV is ranked 27th based on market capitalization. Examining its performance over the past year, BSV has shown a significant 98% increase in price.
It has outperformed 59% of the top 100 crypto assets during this period and is currently trading above the 200-day simple moving average. In addition, it has high liquidity due to its significant market capitalization. Currently, the sentiment surrounding the bitcoin SV price prediction is bullish. The Fear & Greed Index registers at 70, indicating a “greed” sentiment.
2. Synthetix (SNX)
Synthetix is among the top cryptocurrency gainers today with a price of $3.47 and an intraday rise of 2.40%. This marks a substantial rise from its all-time low of $0.032478 recorded on January 5, 2019, but notably lower than its high of $28.63 on February 14, 2021. The token has seen fluctuations between its cycle high of $4.94 and a cycle low of $1.400150 from its ATH.
Furthermore, the token has consistently traded above its 200-day simple moving average, signifying a sustained positive trend. Additionally, it has had 15 green days out of the last 30, which represents a positive return rate of 50%.
Synthetix's Andromeda Launch: Embracing Buyback and Burn
With Andromeda Launch on @base40% of Perps V3 fees will be allocated to buyback and burn $SNX chips using @yearnfi-inspired contracts.
This strategy is designed to effectively distribute fees across… 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 its sector. There are 114.84 million SNX tokens in circulation out of a maximum supply of 212.42 million SNX. Based on its market dominance, Synthetix holds 0.02% of the total market. The sentiment surrounding the Synthetix price prediction is bearish, in contrast to a fear and greed index that shows 70 (greed). This indicates mixed expectations within the market regarding its future trajectory.
3. bitcoin Cash (BCH)
BCH makes another entry among the top cryptocurrency gainers today with an intraday trading volume of $510.27 million. In the last 24 hours, BCH has seen a modest 0.24% increase in value. Additionally, sentiment analysis suggests a bearish outlook for bitcoin Cash, juxtaposed with a Fear and Greed index showing 70 (Greed).
Within the proof-of-work coin sector, it occupies the number 4 position in market capitalization. Furthermore, it secures the highest position within the bitcoin Cash sector and ranks 14th in the Layer 1 sector.
Additionally, the token's highlights include BCH's 138% price increase over the past year. As such, it outperformed 68% of the top 100 crypto assets in the same period. Likewise, BCH is trading above its 200-day simple moving average, indicating a positive trend. Furthermore, in the last 30 days, BCH has had 15 green days, representing 50% of the observed period. Its high liquidity is evident in its market capitalization.
4. Sponge V2 ($SPONGE V2)
Sponge V2, introduced with an initial valuation of $1 million, has shown significant growth trends since its inception. Its market capitalization skyrocketed to over $100 million in 2023, but currently stands at $16 million. This growth has attracted a community of more than 11,500 holders.
Did you miss the 100x success of Sponge V1?
With an even bigger campaign to #SpongeV2We come back stronger than ever!
Hurry up and bet your $SPONGE chips today! $SPONGE crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto #CryptoBet pic.twitter.com/QIo0RMz4LT
— $SPONGE (@spongeoneth) January 6, 2024
Additionally, Sponge V2 features the Stake-to-Bridge model, designed to facilitate a smooth transition for $SPONGE holders to V2. This model incentivizes and retains existing holders through participation mechanisms. Therefore, it offers an approach to engage and maintain user participation during migration.
Additionally, the project roadmap outlines intentions for listings on primary exchanges and has garnered support from a 30,000-member community. These plans indicate strategic positioning for potential growth, placing it among the top cryptocurrency gainers today. In addition, it has aroused the interest of potential investors.
5. Stellar (XLM)
Stellar has seen a notable price surge, rising 65% over the past year. The price of XLM is $0.119243, with a market capitalization of $3.37 billion and a trading volume of $138.75 million in the last 24 hours. Furthermore, Stellar displays substantial liquidity, as indicated by its market capitalization.
In its recent performance, the asset has shown strength by consistently trading above its 200-day simple moving average. Additionally, it recorded 15 positive business days in the last month, representing a positive trend rate of 50%. Analyzing the sentiment indicators, the current predictions for Stellar price appear bearish. Meanwhile, the Fear & Greed index, which indicates a level of 70, indicates greed in the market sentiment.
For Stellar Community Fund #20, over $1 million in XLM was awarded to 31 participants.
Congratulations 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
The 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 minted over 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 capitalization of $221.48 million. With a market dominance of 0.01%, it is the sixth largest memetic coin in the sector. Over the last day, MEME price showed an increase of 2.45%.
The history of the coin reflects a peak of $0.047306 on December 6, 2023. However, after ATH, its lowest price was recorded at $0.018240 (cycle low), and the highest price since then reached the $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 means its high liquidity relative to its market capitalization, which places MEME among the top winning cryptocurrencies today.
7. Ontology (ONT)
The current price of Ontology is $0.261871, which is up 1.56% in the last 24 hours. The coin has a trading volume of $66.38 million, with a market capitalization of $229.20 million and a marginal market dominance of 0.01%.
Ontology is ranked 23rd in the Proof-of-Stake coin sector and ranked 67th in the Layer 1 sector based on market capitalization. Notable highlights include a 69% price increase over the past year, consistent trading above the 200-day simple moving average, and 17 positive trading days out of the past 30, representing 57%.
Ontology #EVM Defender: If you proudly hold at least 6 $NGO in #Ontology EVM, a Loyal nft?src=hash&ref_src=twsrc%5Etfw”>#nft Plus it's yours to claim!
Show your support for the ecosystem and get rewarded.
— Ontology #BUIDL4Web3 (@OntologyNetwork) January 5, 2024
Furthermore, Ontology's price prediction remains neutral, lining up with a fear and greed index of 70, leaning towards “greed.” Additionally, 875.25 million ONT coins are in circulation out of a maximum supply of 1 billion.
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