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Best Performing Cryptocurrencies on January 5th: Stacks, Neutron, Pendle, and Terra Classic

Best Performing Cryptocurrencies on January 5th: Stacks, Neutron, Pendle, and Terra Classic

In the last intraday session, 16% of the crypto market showed positive movement. Power Ledger emerged as the largest gainer, marking a notable increase of 33.14% in value. Meanwhile, Sei experienced the most significant decline, with a loss of -10.46% during the same period.

Over one year, Pendle stood out as the highest performer, recording an impressive gain of 2,940.88%. Another strong performer was Power Ledger which gained 89.99% since the start of 2022.

Biggest Crypto Gainers Today – Top List

In 2023, Ethereum garnered significant attention following the successful execution of The Merge, marked as a substantial technical milestone achieved in 2022. This development aimed to reduce Ethereum’s energy consumption notably, positioning the network favorably within the blockchain landscape.

1. Neutron (NTRN)

NTRN has started the day among the top crypto gainers today. The current price of Neutron stands at $1.377806, experiencing a 24-hour trading volume of $134.18 million. With a market cap of $299.14 million and a market dominance of 0.02%, Neutron has seen a 29.59% intraday increase.

Furthermore, the current sentiment regarding Neutron’s price prediction is bullish, coinciding with a Fear & Greed Index displaying 72 (Greed). Presently, there’s a circulating supply of 217.11 million NTRN tokens.

In the past 30 days, Neutron has observed 17 days with positive price movements, indicating a 57% occurrence of green days. It’s also worth noting that the project is trading close to its all-time high, reflecting strong liquidity based on its market cap.

2. Threshold (T)

Threshold currently trades at $0.031973, displaying a 24-hour trading volume of $114.27 million, with a market cap of $305.63 million. T’s market dominance stands at 0.02%. Over the last day, T has experienced a 10.18% increase in price.

Analyzing its performance over the past year, T has shown a 93% price increase. Therefore, it outperformed 59% of the top 100 crypto assets within this period. Notably, it is trading above its 200-day simple moving average

3. Terra Classic (LUNC)

LUNC is another entrant into the top crypto gainers today, marked a market capitalization of $745.82M. Over the last 24 hours, LUNC has seen an increase in price by 8.63%. Furthermore, the sentiment around Terra Classic’s price prediction leans towards a bearish outlook. Likewise, the Fear & Greed Index currently stands at 72, indicating a state of “Greed.”

Highlights of Terra Classic include its notable liquidity based on its market cap. In addition, the token boasts a negative yearly inflation rate of -2.50%, emphasizing a reduction in the circulating supply over time.

4. Pendle (PENDLE)

Over the past year, Pendle has undergone a remarkable upward trend, hitting the top crypto gainers today. Pendle’s price is $1.475606, with a market capitalization of $349.55 million. The current outlook for Pendle appears bullish. Meanwhile, the Fear & Greed Index stands at 72, indicating a market sentiment toward greed.

5. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix offers a unique method within the cryptocurrency sphere, allowing users to stake BTCMTX tokens for cloud mining credits. The Bitcoin Minetrix staking pool has garnered considerable attention, accumulating over 400,000 BTCMTX tokens. The ongoing BTCMTX presale has raised over $7,560,820, with tokens priced at $0.0126 each, showcasing the project’s unique staking mechanism.

6. Stacks (STX)

Stacks (STX) is currently priced at $1.651596 with a 24-hour trading volume of $630.92M. Over the past year, STX has grown substantially, with a remarkable 663% surge.

Additionally, the coin is trading above its 200-day simple moving average. Moreover, it has seen 16 green days in the last 30 days, accounting for 53% of the time frame, showcasing a consistent trend in its recent trading activity.

7. Rocket Pool (RPL)

Rocket Pool emerged as the top crypto gainer today, trading above its 200-day simple moving average. With a market cap of $594.36 million and high liquidity, Rocket Pool exhibits a bullish price prediction sentiment. The circulating supply of Rocket Pool is pegged at 19.99 million RPL out of a maximum supply of 19.11 million RPL, creating 9.71 million RPL tokens over the past year.

Hot Take

The top gainers in the crypto market offer a diverse range of investment opportunities, showcasing strong growth and unique features. These standout performers like Pendle, Bitcoin Minetrix, and Terra Classic have taken strides in their impressive growth and unique approaches to the market.

Source: Yahoo Finance

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Best Performing Cryptocurrencies on January 5th: Stacks, Neutron, Pendle, and Terra Classic