In today's trading, there are 23% of positive trends among various coins. Cartesi is the biggest cryptocurrency gainer today, with a surge of 58.77% in the past 24 hours. On the contrary, Dogwifhat is the biggest loser today, suffering a loss of -8.31% in the same period.
Today's Biggest Crypto Gainers - Leaderboard
Dogwifhat has gained an extraordinary 6570.21% in the past year, showing its resilience and potential for long-term growth. However, ApeCoin has suffered a major setback in the past 12 months, losing 75.43%. In the news, the U.S. Securities and Exchange Commission (SEC) approved 11 spot Bitcoin exchange-traded funds (ETFs).
1. Dogecoin (DOGE)
DOGE’s entry into the list of the biggest cryptocurrency gainers today has captured the market’s attention. Dogecoin has entered a bullish zone, leading a new memecoin revolution after the announcement of X Payments accounts on July 20. As of this writing, Dogecoin is trading at $0.08818, with an intraday gain of 11.13%.
Analyzing the current on-chain data, the price of Dogecoin has grown significantly from a 24-hour low of $0.07899 to its current trading level. In addition, this recovery is due to a significant increase in trading volume, with total trading volume pushing DOGE’s trading volume to $1,307,803.19.
Furthermore, the current bullish outlook for Dogecoin is closely tied to the activity of big players within the network. In addition, data from IntoTheBlock shows that the memecoin’s big player volume grew by 21.25% to $12.1 billion. This recovery has boosted the growth of the altcoin market, while Bitcoin experienced a decline of 44.27% and Ethereum fell by 42.83% to $2.4 billion.
2. FLOKI (FLOKI)
Along with other meme coins, Floki has attracted attention for its outstanding market performance. The token, currently priced at $0.00003156, has gained 9.00% in the past 24 hours. At the same time, it has grown 182% in the past year, surpassing the 83% in the top 100 cryptocurrencies.
As Floki trades above its 200-day simple moving average, its market cap has increased by 9.08%. In addition, Floki’s staking program has locked up 2.5 trillion Floki tokens, with lock-up periods ranging from 3 to 48 months. This figure accounts for more than 26% of the circulating supply. Despite these promises, the annualized yield is still very attractive, reaching 79%.
Additionally, those who stake Floki tokens will benefit from token appreciation and also receive Floki Inu’s sister token, TokenFi. More than 50% of TokenFi’s total supply has been allocated to Floki token holders, giving them a stake in the booming tokenization industry. As investors become alert, the token could reach $16 trillion by 2030.
3. Huobi Token (HT)
Huobi Token showed significant upward momentum today, gaining 14.99% to $1.789166. The trading volume was $20.15 million, which shows strong liquidity considering the $290.26 million market cap. Despite the market share of 0.02%, HT's market outlook is bearish, however, the Greed Index of 56 shows that investors are buying and anticipate an upward trend.
Furthermore, the annual supply inflation rate of 5.79% means that 8.88 million HT has been added over the past year.
Importantly, Huobi Token appears to be oversold, suggesting potential upside. Likewise, its significant liquidity is reflected in its market cap, adding to its appeal. Despite the bearish sentiment, HT’s historical performance and current market indicators suggest it is a healthy choice.
4. Ocean Protocol (OCEAN)
Ocean Protocol tops the list of today’s top cryptocurrency gainers, currently valued at $0.456683 with an intraday gain of 6.84%. In addition to being one of the top gainers, it has gained 38% over the past year.
Ocean Protocol, which has an active presence on top trading platforms, has a market cap of $243.78 million. This confirms OCEAN’s liquidity and solidifies its dominance by market cap, with a market share of 0.01%.
Ocean Protocol continues to remain above the 200-day simple moving average, showing a steady upward trend. Moreover, the project maintains a negative annual inflation rate of -12.93%. Furthermore, the neutral sentiment in the price prediction and the Fear and Greed Index (Greed) of 56 provide a balanced outlook for potential investors.
5. Sponge V2 ($SPONGE V2)
Sponge is making a comeback with the launch of Sponge V2, a major upgrade over its predecessor, Sponge V1. In anticipation of a bull run, Sponge V2 improves upon V1 and introduces innovative Play-to-Earn (P2E) utility to the Sponge ecosystem.
In addition, Sponge is actively conducting a pre-sale to smoothly transition users from the old version to the new version. The pre-sale offers exclusive rewards and implements an automatic staking system to retain the existing community and attract new participants.
Sponge’s growth story is impressive, starting with a valuation of $1 million. With this momentum, it reached a peak market cap of over $100 million in 2023 before settling at $16 million.
6. Injective (INJ)
The Injective ecosystem is on the rise, with the latest mainnet launch setting new all-time highs for key metrics. Active wallets, transactions, volume, total locked value (TVL), and dApps are all generally positive. Meanwhile, the Injective token has shown resilience among the biggest cryptocurrency gainers today, with a price increase of 5.76% and a current price of $36.91.
Furthermore, Injective had seen price volatility before, having previously traded in a narrow range between $36.668 and $38.942. However, it entered a consolidation phase for around a week between $38.942 and $43.933. However, the bullish run needed momentum, which resulted in a correction of around 17%.
Injective’s market cap currently stands at $3.27 billion with a 24-hour trading volume of $468.65 million. Likewise, the Greed Index of 56 indicates that there is a profit-taking mentality in the market. This suggests that a bullish run could be imminent.
7. THORChain (RUNE)
Investors are keeping a close eye on THORChain, which has risen by 4.82% to $4.28. With a trading volume of $143.17 million and a market capitalization of $1.45 billion, THORChain has a market share of 0.09%. The coin's historical data shows that it peaked at $20.98 on May 19, 2021, and reached a low of $0.007620 on September 11, 2019.
Furthermore, THORChain continues to trade above its 200-day simple moving average, showing good performance relative to its token sale price. Furthermore, the coin maintains strong liquidity, as evidenced by its massive market cap.
Despite these positive factors, the current sentiment towards THORChain leans towards bearish. However, the Fear & Greed Index of 56 indicates greedy sentiment among investors. This indicator suggests that a bullish trend is possible.
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