Today's top winning cryptocurrencies reach double digits

Several cryptocurrencies saw increases of 10% or more after Boxing Day, while bitcoin and ethereum lagged behind.

ethereum Layer 2 solutions, bitcoin forks, a native Layer 1 blockchain token, and a Polkadot parachain were the top seven gainers on Dec. 27 amid what is likely to be a broad rotation strategy. reach by traders who are booking profits and migrating to other altcoins after markets experienced rallies for several weeks in Q4 2024.

These top gainers posted double-digit increases ranging from 10% to 25%, according to CoinMarketCap.

bitcoin forks

bitcoin SV (BSV) and bitcoin Cash (BCH) ranked second and seventh as the cryptocurrencies rose 24.7% and 11%, respectively, due to increased trading volume.

These forks may have seen gains thanks to their ties to the blockchain and the original bitcoin (btc) token, which has made headlines thanks to talk of btc spot ETFs. BSV traded above $62, while BCH surpassed $256 following the rally.

ethereum L2

Three of ethereum's largest scaling solutions delivered bombs to the headlines, namely Optimism (OP), Polygon (MATIC), and Arbtrium (ARB). Above $4, OP gained over 23.8%, while MATIC outperformed the dollar and rose 18.1%. ARB rose 12.1% to reach a price of $1.50.

my L1

MINA, the native token of the privacy-focused Mina L1 blockchain, rose to $1.40 after gaining 18.3% on trading volume of nearly $500 million. Mina leverages zero knowledge, or zk technology, to allow developers to create privacy-preserving dapps and smart contract platforms.

Astar polka dot parachain

The top gainer at press time was Astar (ASTR), up 25% in 24 hours despite its $145 million trading volume. Astar operates as a parachain in the Polkadot ecosystem, allowing users to create smart contracts across multiple decentralized networks and virtual machines such as the popular ethereum Virtual Machine or EVM.

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