Today’s trading session reflects a shift from yesterday’s bearish outlook, with 23% of cryptocurrencies displaying gains. The standout performer over the last 24 hours is the API3 Token, surging impressively by 67.76%.
In contrast, Huobi Token experienced a notable downturn, registering a substantial -25.78% loss during the same period. Over the past year, Dogwifhat has stolen the spotlight as the top performer, boasting an outstanding 7,098.16% gain.
Biggest Crypto Gainers Today – Top List
On the flip side, ApeCoin claims the unfortunate title of the worst-performing coin in the last 12 months, witnessing a significant -72.25% loss. Meanwhile, crypto enthusiasts have eagerly embraced newly-launched spot Bitcoin ETFs, with an impressive $3.33 billion flowing into these funds within the initial five days of trading.
1. Ronin (RON)
Ronin’s blockchain’s official crypto wallet has substantially upgraded to improve functionality. Sky Mavis is the team behind the play-to-earn NFT game Axie Infinity integrated multichain. This integration will support the Ronin wallet app for iOS and Android users.
Therefore, the latest update will allow users to access the Ethereum main net effortlessly. Users will also access the Ethereum sidechain Polygon and Binance’s BNB Chain by extension. Furthermore, Ronin’s market outlook is positive, with a bullish price prediction; however, traders are the fear and greed index is neutral at 51.
2. Chiliz (CHZ)
Chiliz has made the top crypto gainers today with positive performances over the past week. In addition, Chiliz displayed an uptick, recording a 12.60% increase in its price. CHZ stands at $0.099266, amassing an intraday trading volume of $323.09 million.
Furthermore, Chiliz’s market cap is $882.30 million, securing its position as the fifth-largest NFT Token. With a market dominance of 0.05%, Chiliz exhibits resilience and a steady market presence.
3. Akash Network (AKT)
AKT has showcased a resilient recovery trajectory since mid-October 2023, commencing with a rebound from $0.74. Over the span of three months, the coin has experienced a robust surge of nearly 288%, presently hovering around $3.84.
This upward momentum, characterized by intermittent pullbacks, reflects sustained growth as buyers re-engage during these brief downturns. Equally, these pullbacks have formed a pattern resembling flags, hinting at early indicators of an imminent rally.
On January 19th, AKT successfully broke out from a flag pattern, confirming its upward trend. This recovery might extend by approximately 30% in a favorable market scenario, targeting the $3.7 mark.
4. Siacoin (SC)
Siacoin has entered the top crypto gainers today, rising by 11.33% to $0.011702. SC has accumulated a trading volume of $ 11.78M in the last 24 hours.
Furthermore, Siacoin’s market cap is $ 657.76M, making it the eighth-largest Proof-of-Work coin and the forty-fifth in the Layer 1 sector. With a market dominance of 0.04%, Siacoin maintains a steady presence.
5. Sushi (SUSHI)
Sushi holders are having a positive trading session as the coin is holding strong at $1.102504. The rise marked an impressive 8.86% surge, reflecting SUSHI’s entrance into the top crypto gainers today. Alongside this rally, the coins trading volume sits at $78.12 million, securing a market dominance of 0.02%.
Sushi isn’t just riding the wave; it’s confidently trading above the 200-day simple moving average, a positive signal for investors. Over the last 30 days, it has experienced 15 green days, showcasing a significant 50% uptick.
6. Theta Network (THETA)
Theta Network has undergone quite a journey, surging to $1.448180 since its last low. Presently, a bearish sentiment prevails, evident with the Fear & Greed Index standing at a neutral 52.
Furthermore, is prominent in the crypto space, claming the 21st spot among Ethereum (ERC20) Tokens. Moreover, its prominence extends to ranking 4th in NFT Tokens, Metaverse sectors, and 38th in the Layer 1 sector. Meanwhile, the coin has a circulating supply of 870.50 million THETA out of a maximum 1.00 billion.
7. Sponge V2 ($SPONGE V2)
Sponge is poised for a significant resurgence with the introduction of Sponge V2, an upgrade surpassing its predecessor, Sponge V1. Capitalizing on the anticipated bull market, Sponge V2 enhances the foundation laid by V1 and introduces Play-to-Earn (P2E) utility into the Sponge Ecosystem.
To facilitate the transition from the older version, Sponge is currently conducting a presale, offering exclusive bonuses and an automatic staking system. This strategic move aims to both retain the existing community and entice new participants.
Hot Take
If you are considering crypto investment, then Sponge V2 stands out as an attractive and prevailing opportunity based on its robust growth markers and strategic presale bonuses. Similarly, the performance of Ronin is quite impressive, especially considering its substantial price surge in the past year. However, keep an eye on the market sentiment, as indicated by the Fear & Greed Index, and the presence of movement above the 200-day SMA across various tokens for a clearer investment outlook.
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