The cryptocurrency market has seen significant activity over the past 24 hours, with a total trading volume of $576.9 billion. This surge in trading volume is consistent with the current bullish sentiment, as indicated by the Fear and Greed Index, which currently stands at 90, indicating extreme greed among investors. However, this enthusiasm is tempered by the fact that 52% of cryptocurrencies have seen a decrease in value, in stark contrast to 48% of cryptocurrencies that have seen an increase.
In this volatile market, eCash stood out as the biggest winner with an impressive price increase of 62.06%. On the contrary, Dogwifhat suffered the biggest drop, with its price falling by -14.99%.
This article will take a closer look at four of the biggest winners: eCash, Internet Computer, Ethereum Classic, and Aptos. By examining their unique characteristics, recent performance, and growth potential, valuable insights can be gained to guide investment decisions in this dynamic market.
Today's Biggest Crypto Gainers - Leaderboard
Today’s top winners have truly earned their positions with exceptional projects. eCash rebranded the electronic cash identity, integrating Avalanche consensus and compatibility with Ethereum for free transactions. The current price is $0.00007639, up 66.62% in 24 hours, showing bullish sentiment. Internet Computer challenges the cloud giants and builds a decentralized internet with unlimited scalability. It has a market share of 0.28%, up 195% in the past year. Ethereum Classic maintains the immutability of the blockchain and is trading at $38.12, up 11.19% in 24 hours. Aptos promises high throughput and is priced at $12.32, up 4.65% in 24 hours. Let’s take a closer look at the salient features of these coins that hold exciting prospects in the cryptocurrency market.
1. eCash (XEC)
eCash (XEC) is the new name of Bitcoin Cash ABC (BCHA), which was rebranded on July 1, 2021, in an effort to strengthen its identity as electronic cash. It has a simplified unit system that replaces bulky decimals with "bits". eCash integrates a proof-of-stake consensus layer called Avalanche, which is different from the Avalanche blockchain. The conversion ratio of BCHA coins to XEC is one to one million.
This winner stands out by planning compatibility with the Ethereum Virtual Machine and interoperability with decentralized finance (DeFi) on Ethereum. Its core mission includes ensuring anonymous, immutable and virtually free transactions, with global secure transactions completed in under three seconds. Ambitious advances such as standardized transaction ordering, Schnorr signatures, and adaptive block size are also specified in the roadmap to support market-driven growth.
At its current price of $0.00007639 and having gained 66.62% in the past 24 hours, XEC shows bullish investor sentiment. It has outperformed 61% of the top 100 crypto assets over the past year, but lags behind Bitcoin and surpasses Ethereum. XEC is trading above its 200-day simple moving average at 144.06%, which is considered overbought, with 63% trading days up in the past 30 days. eCash has a 30-day volatility of 14% and a high liquidity ratio of 0.3341, showing good potential in the cryptocurrency market. Its ambitious roadmap, bullish sentiment, and increased liquidity offer solid potential for investment.
2. Internet Computer (ICP)
Internet Computer, formerly known as Dfinity, is committed to building a decentralized "Internet computer" to challenge centralized cloud giants such as Amazon AWS and Microsoft Azure. Its blockchain innovation aims to expand the functionality of the Internet, enabling storage, computing, and community-driven governance without relying on traditional cloud services.
ICP is unique in its revolutionary blockchain design that integrates "useful proof of work" consensus and chain key cryptography. This setup enables unlimited scalability and secure execution of smart contracts. In addition, it can handle HTTP requests and directly provide interactive web experiences.
Furthermore, its “Chain Key Transactions” feature empowers smart contract developers. They can perform signed transactions on different blockchains, eliminating insecure bridge services. Through the Network Nervous System (NNS), it provides decentralized governance. This ensures its solidity and autonomy, making it a project with disruptive power. Internet Computer provides unparalleled opportunities for developers and users.
However, it is important to note that ICP’s market share is only 0.28%, indicating its relatively small presence. Despite growing 195% over the past year, outperforming most of the top 100 crypto assets, ICP’s performance pales in comparison to Bitcoin. While its current trading position is 79.87% above its 200-day simple moving average, the 14-day relative strength index suggests a neutral stance. Furthermore, over the past 30 trading days, which have seen mostly positive results, volatility remains low at 4%. Investors may find ICP an interesting investment option due to its high liquidity ratios.
3. eTukTuk (TUK)
eTukTuk is leading a transportation revolution through AI integration and environmental friendliness. It provides immediate investment access through the green TUK token presale and helps tuk-tuk drivers in South Asia and Africa by providing energy-saving solutions to promote sustainable development.
In addition to launching a new cryptocurrency, eTukTuk also addresses pressing issues such as carbon emissions and financial inclusion, especially in developing countries. Its innovative charging infrastructure and affordable electric tuk-tuks address the challenges posed by traditional internal combustion engine vehicles. They could impact the more than 270 million tuk-tuks worldwide.
With governments in Asia and Africa setting ambitious targets for electric vehicle adoption, eTukTuk is poised to play a key role in this transformative journey. Investors can take advantage of the platform’s staking mechanism, offering an impressive 257% annual yield (APY). Stakers receive 4.75 TUK tokens per BSC block, ensuring a lucrative investment opportunity.
4. Ethereum Classic (ETC)
Ethereum Classic stands out in the cryptocurrency space due to its unique history and characteristics. It originated from the hard fork of the Ethereum network in response to the DAO hack, and adheres to the immutability of the blockchain by preserving the history of the hack. This commitment emphasizes its commitment to protecting the original integrity of the blockchain.
A notable feature of ETC is that it follows the Proof-of-Work consensus mechanism, which is known for its security advantages. In addition, ETC follows a fixed monetary policy that limits its total supply to 210.7 million units, making it a digital asset with intrinsic value, similar to digital gold.
ETC's support for smart contracts enables developers to create decentralized applications (DApps) on the blockchain and perform complex transactions. Its full replication on all network nodes enhances security and reduces the risk of manipulation or single point failure.
Looking at today’s price analysis, its current price is $38.12, reflecting an increase of 11.19% in the past 24 hours. Over the past year, ETC’s price has grown by 97%, surpassing 48% among the top 100 crypto assets. However, it lags behind Bitcoin by 34.71% and Ethereum by 17.54%. Currently trading at $22.17, it is 71.78% above its 200-day simple moving average, showing overbought conditions, with a 14-day relative strength index of 74.31. In the past 30 days, there have been 19 trading days with positive movements, accounting for 63% of the total trading days. ETC’s 30-day volatility is 9%, showing stability amid market fluctuations.
5. Aptos (APT)
Aptos is a Layer 1 blockchain developed by former Diem developers to solve the problems that hinder blockchain adoption. Aptos uses the Move language and Byzantine Fault Tolerance (BFT) consensus, promising fast state consensus and high throughput. It supports up to 10,000 TPS throughput on the testnet and is scalable to 160,000 TPS, which is outstanding compared to Ethereum's 12-15 TPS.
Its unique consensus mechanism ensures that the network can operate uninterruptedly even if nodes fail. Aptos uses Move for secure resource management and verifiable on-chain execution. It is designed to handle blockchain congestion from DApps, DAOs, and NFTs, and aims to provide a highly scalable and upgradeable Web3 infrastructure for billions of users. In addition, Aptos' Move language has advantages over Solidity, allowing easy verification and modular design. Its upgradeability and horizontal throughput scalability help provide a better user experience.
APT’s current price is $12.32, having gained 4.65% in the past 24 hours, with a market share of 0.18%. Investor sentiment is bullish (Greed/Fear Index: 90), with APT gaining 12% in the past year, outperforming the 14% of the top 100 crypto assets. Aptos’ trading volume is well above its 200-day simple moving average ($7.14), maintaining a positive trend, with a 14-day relative strength index of 68.53, which is neutral. Despite some challenges, APT maintains high liquidity, with a circulation-to-market ratio of 0.2663, a market cap of $4.55 billion, and a 24-hour trading volume of $1.21 billion.
Now, let's look at the market trends for the day, with some exciting developments in certain regions around the world. Despite regulatory uncertainty, especially in South Korea and China, Asian investors are driving a surge in Bitcoin trading, accounting for a staggering 70% of February's $1.17 trillion in trading volume. As Koreans flock to Bitcoin ETF futures, Hong Kong ETF assets have increased fivefold, and the region continues to play a key role in the rapid rise of the cryptocurrency market.