Top Crypto Gainers Today
Several cryptocurrencies have experienced significant gains in their market values. Among the top performers are MultiversX, Immutable, Illuvium, and Telcoin, each seeing substantial price increases. The global cryptocurrency intraday market capitalization has reached $1.32 trillion, indicating a modest increase of 1.51%. However, the total cryptocurrency market volume has decreased by 19.57%, reaching $29.82 billion.
1. MultiversX (EGLD)
MultiversX has recently surged in price, making it the top gainer today. It is currently trading at $48.66 with a 24-hour trading volume of $997.53 million and a market capitalization of $1.16 billion. EGLD has experienced a significant price increase of 41.97% in the past 24 hours. Its all-time high was reached on November 23, 2021, at $541.18, while its all-time low was recorded on October 7, 2020, at $6.52.
2. PancakeSwap (CAKE)
PancakeSwap is currently trading at $2.19 with a 24-hour trading volume of $664.49 million and a market capitalization of $511.47 million. It has seen an intraday increase of 21.53%. Experts suggest a potential retracement following a price spike, but the overall downtrend appears to have reversed.
3. Meme Kombat (MK)
Meme Kombat is a newcomer in the meme coin market and has gained recognition recently in the crypto world. To ensure liquidity on decentralized exchanges, Meme Kombat has allocated 10% of its total token supply for this purpose. It has also reserved half of the token supply for the $MK presale, allowing investors to take advantage of the current pricing before an anticipated increase.
4. Immutable (IMX)
Immutable X is currently priced at $0.950351 with a trading volume of $485.81 million and a market capitalization of $1.19 billion. IMX has seen an intraday increase of 23.48%. It reached its all-time high on November 5, 2021, at $14.02, and its all-time low on December 30, 2022, at $0.377004.
5. Illuvium (ILV)
Illuvium is trading at $65.78 with a 24-hour trading volume of $37.10 million and a market capitalization of $241.14 million. It has seen a 10.88% price increase in the past 24 hours. Its all-time high was reached on November 30, 2021, at $1,912.82, while its all-time low was recorded on June 22, 2021, at $29.12.
6. Ark (ARK)
Ark is currently priced at $1.677255 with a trading volume of $976.93 million and a market capitalization of $296.38 million. It has witnessed a 17.15% price increase in the past 24 hours.
7. Telcoin (TEL)
Telcoin is trading at $0.002248 with a 24-hour trading volume of $1.88 million and a market capitalization of $157.94 million.
Hot Take: Cryptocurrency Market Gains Momentum
The cryptocurrency market is witnessing significant gains, with several cryptocurrencies experiencing substantial price increases. This indicates a positive trend in the market and presents potential opportunities for investors. However, it’s important to note that cryptocurrency prices are volatile and subject to market fluctuations. It is crucial to conduct thorough research and seek professional advice before making any investment decisions.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.