Top Crypto Gainers Today Jan 6 - Memecoin, Bitcoin SV, Synthetix, Stellar

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Over the past 24 hours, the cryptocurrency market has seen varied movements, with approximately 10% of listed cryptocurrencies displaying positive trends. ConstitutionDAO experienced the most significant upturn, marking a gain of 38.30% within this timeframe. Analyzing performance over the last year, Injective is the leading performer, demonstrating an impressive gain of 2,781.31%.

Biggest Crypto Gainers Today – Top List

In retrospect, Bitcoin’s performance in 2023 marked notable advancements driven by various factors. The anticipated approval of a spot Bitcoin exchange-traded fund (ETF) and the emergence of innovative applications such as Ordinals, a Bitcoin-based iteration of non-fungible tokens (NFTs), contributed significantly to its upward trajectory.

1. Bitcoin SV (BSV)

Bitcoin SV marks another entry into the top crypto gainers today. The coin is valued at $83.84, with a trading volume of $163.82 million over the last 24 hours. Its market cap is $1.64 billion, representing a 0.10% market dominance. Over the past day, the price has seen a 3.79% increase.

Last year, the supply inflation rate was 1.90%, creating 364,726 BSV. Within the Layer 1 sector, Bitcoin SV holds the 27th position based on market cap. Examining its performance over the past year, BSV has shown a significant increase of 98% in price.

It has outpaced 59% of the top 100 crypto assets during this period and is presently trading above the 200-day simple moving average. Additionally, it boasts high liquidity due to its substantial market cap. Currently, the sentiment surrounding Bitcoin SV’s price prediction is bullish. The Fear & Greed Index registers at 70, indicating a sentiment of “Greed.”

2. Synthetix (SNX)

Synthetix hits the top crypto gainers today with a $3.47 price and a 2.40% intraday increase. This marks a substantial surge from its all-time low of $0.032478 recorded on January 5, 2019, yet notably lower than its peak of $28.63 on February 14, 2021. The token has experienced fluctuations between its cycle high of $4.94 and a cycle low of $1.400150 since its ATH.

Furthermore, the token has consistently traded above its 200-day simple moving average, signifying a sustained positive trend. Additionally, it has seen 15 green days out of the last 30, amounting to a 50% positive performance ratio.

Synthetix's Andromeda Release: Embracing Buyback and Burn

With the Andromeda Release on @base, 40% of Perps V3 fees will be allocated to buying back and burning $SNX tokens using @yearnfi-inspired contracts.

This strategy is designed to effectively distribute fees in… pic.twitter.com/KAQCc4er60

— Synthetix ⚔️ (@synthetix_io) January 5, 2024

Synthetix’s current market cap is $398.44M, indicating a high level of liquidity within its sector. 114.84M SNX tokens are circulating out of a maximum supply of 212.42M SNX. As per its market dominance, Synthetix holds 0.02% of the overall market. The sentiment surrounding Synthetix’s price prediction is bearish, contrasting with a Fear & Greed Index displaying 70 (Greed). This indicates mixed expectations within the market regarding its future trajectory.

3. Bitcoin Cash (BCH)

BCH makes another entry into the top crypto gainers today with an intraday trading volume of $510.27M. Over the past 24 hours, BCH has seen a modest 0.24% increase in value. Moreover, sentiment analysis suggests a bearish outlook for Bitcoin Cash, juxtaposed against a Fear & Greed Index showing 70 (Greed).

Within the Proof-of-Work Coins sector, it holds the #4 position in market cap. Moreover, it secures the top rank within the Bitcoin Cash sector and ranks #14 in the Layer 1 sector.

Furthermore, the token’s highlights include BCH’s 138% price increase over the last year. As such, it outperformed 68% of the top 100 crypto assets within the same period. Likewise, BCH is trading above its 200-day simple moving average, indicating a positive trend. Additionally, within the last 30 days, BCH has seen 15 green days, accounting for 50% of the observed period. Its high liquidity is evidenced by its market cap.

4. Sponge V2 ($SPONGE V2)

Sponge V2, introduced with an initial valuation of $1 million, has displayed significant growth trends since its inception. Its market capitalization soared to over $100 million in 2023 but presently stands at $16 million. This growth has attracted a community of more than 11,500 holders.

🚀 Missed Sponge V1's 100x Success?

With an even larger campaign for #SpongeV2, we’re coming back stronger than ever! 💪

Hurry and stake your $SPONGE tokens today! 🔥$SPONGE #Crypto #CryptoStaking pic.twitter.com/QIo0RMz4LT

— $SPONGE (@spongeoneth) January 6, 2024

Moreover, Sponge V2 introduces the Stake-to-Bridge model, designed to facilitate a smooth transition for $SPONGE holders to V2. This model incentivizes and retains existing holders through staking mechanisms. Hence, it offers an approach to engaging and maintaining user participation during the migration.

Furthermore, the project roadmap outlines intentions for primary exchange listings and has gathered support from a community of 30,000 members. These plans indicate a strategic positioning for potential growth, placing it among the top crypto gainers today. In addition, it has attracted interest from potential investors.

5. Stellar (XLM)

Stellar has seen a notable price surge, increasing by 65% over the past year. XLM’s price is $0.119243, with a market cap of $3.37 billion and a trading volume of $138.75 million in the last 24 hours. Moreover, Stellar is exhibiting substantial liquidity, as its market cap indicates.

In recent performance, the asset has shown strength by consistently trading above its 200-day simple moving average. In addition, it registered 15 positive trading days in the last month, representing a 50% positive trend rate. Analyzing sentiment indicators, current predictions for Stellar’s price appear bearish. Meanwhile, the Fear & Greed Index, which indicates a level of 70, signifies greed in the market sentiment.

For Stellar Community Fund #20, over $1M in XLM was awarded to 31 participants.

Congrats to everyone and thanks for playing a key role in building out the Stellar ecosystem!

Find the full recap here: https://t.co/BIfFD5WMpC

— Soroban (@SorobanOfficial) January 3, 2024

Supply dynamics are also worth consideration, as Stellar’s circulating supply is at 28.29 billion out of a maximum supply of 50 billion. With a yearly supply inflation rate of 10.08%, approximately 2.59 billion XLM were newly minted over the last year.

6. Memecoin (MEME)

Memecoin is currently priced at $0.025176, boasting a 24-hour trading volume of $57.14 million and a market cap of $221.48 million. With a market dominance of 0.01%, it is the sixth-largest memetic coin in the sector. Over the past day, the MEME price exhibited a 2.45% increase.

The coin’s history reflects a peak of $0.047306 on December 6, 2023. However, post-ATH, its lowest price was noted at $0.018240 (cycle low), with the highest price since then reaching $0.031205 (cycle high).

Market sentiment predicts a bearish trajectory for Memecoin, in contrast to the Fear & Greed Index, which depicts a level of 70 (Greed). In terms of its tokenomics, Memecoin has a circulating supply of 8.80 billion MEME out of a maximum supply of 69.00 billion MEME. This signifies its high liquidity relative to its market cap, placing MEME among today’s top crypto gainers.

7. Ontology (ONT)

Ontology’s current price is $0.261871, exhibiting a 1.56% increase in the past 24 hours. The coin boasts a trading volume of $66.38 million, holding a market cap of $229.20 million and a marginal market dominance of 0.01%.

Ontology holds the 23rd rank in the Proof-of-Stake Coins sector and sits at the 67th position in the Layer 1 sector based on market cap. Notable aspects include a 69% price surge in the past year, consistent trading above the 200-day simple moving average, and 17 positive trading days out of the last 30, accounting for 57%.

🔹 Ontology #EVM Upholder: If you're proudly holding at least 6 $ONG on #Ontology EVM, a Loyal #NFT Plus is yours to claim!

Show your support for the ecosystem and be rewarded. 🚀

— Ontology #BUIDL4Web3 (@OntologyNetwork) January 5, 2024

Furthermore, Ontology’s price prediction remains neutral, aligning with a Fear & Greed Index of 70, leaning towards ‘Greed.’ Moreover, 875.25 million ONT coins are circulated from a maximum supply of 1.00 billion.