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The green candles from today’s session maintained the same outlook as yesterday’s, with 22% of cryptocurrencies showing positive movement. Today’s top gainer is Space ID, boasting an impressive 85.12% gain in the last 24 hours. Meanwhile, Huobi Token takes the spotlight as today’s biggest loser, hitting a 15.33% value decrease over the same period.
Biggest Crypto Gainers Today – Top List
On a year-to-date note, Pendle emerges as the star performer, surging by a remarkable 3,272.10%. Meanwhile, Bitcoin Minetrix has raised over 10 million in its presale with an APY of over 50%. In a bullish stance, MicroStrategy purchases an additional $37 million worth of Bitcoin, increasing its BTC holdings to a staggering $8.1 billion.
1. Dymension (DYM)
The Dymension project, part of the Cosmos ecosystem, marks its debut in the top crypto gainers today. The coin is attracting followers with the recent announcement of the mainnet launch and an airdrop for early adopters. In the last trading session, the DYM token surged by more than 25%, reaching $5.00. The trading volumes have skyrocketed by 3,098,114%, hitting $450.2 million.
Furthermore, DYM’s surge has propelled its market cap to $731 million, marking a 25.4% increase in just one day. Moreover, experts view the project’s mainnet launch and the imminent airdrop as key factors fuelling this upward trend. This rise has contributed to a bullish trend in the short term.
Dymension mainnet is live!https://t.co/8y3pJ0ohCK pic.twitter.com/DOVcuj1yXf
— Dymension (@dymension) February 6, 2024
Overall, the Dymension project’s focus on scalability within the Cosmos ecosystem has resonated well with the community. As such, this project is driving enthusiasm and investor confidence. Also, the upcoming airdrop to early adopters adds to the project’s appeal, fostering a positive sentiment among investors.
2. Pyth Network (PYTH)
The Solona chain took a hit yesterday; however, Pyth Network is in fly mode, as the greed score of 62 suggests ongoing trading activities. This might be a sign of heightened investor interest in the PYTH coin. Meanwhile, the Pyth Network trades at $0.469859, with a market dominance of 0.04%.
Over the 30 days, Pyth has experienced 19 positive trading days out of 30, demonstrating a consistent uptrend in its daily close prices compared to the opening prices. Moreover, the 14-day Relative Strength Index (RSI) stands at 51.94. This suggests a neutral stance for the cryptocurrency and hints at potential sideways movement in its trading pattern.
The #PythNetwork governance vote to approve the Pyth DAO Constitution is now LIVE!
Community members who have staked $PYTH can now participate in this vote through Pyth Governance.
Please visit the Realms page before Tuesday, February 13th — 6PM UTC. pic.twitter.com/IG5LGgC13W
— Pyth Network 🔮 (@PythNetwork) February 6, 2024
Also, Pyth’s price has risen by 2.20% in the past day, solidifying its market position. Furthermore, the Pyth Network’s governance vote for approving the Pyth DAO Constitution is underway. This empowers stakeholders who have staked $PYTH to actively participate in shaping the network’s future through Pyth Governance.
3. Synthetix (SNX)
Synthetix has teased an imminent release of its V3 version, sparking anticipation as market caps surge. With a market cap of $996 million, Synthetix secures its #60 position in the rankings. Furthermore, its intraday trading volume grew by 46.93%, reaching $32.69 million. Meanwhile, Synthetix’s price is $3.27, marking a 4.10% increase in 24 hours.
This shows growing investor confidence in the coin aimed at the expected V3 launch. Synthetix’s stability and growth potential are reinforced by trading above the 200-day simple moving average. The crypto community is buzzing with SNX’s goals to scale base volume to $20 million daily and migrate from V2X.
📊 Synthetix Perps Data Report:
– 7-Day Total Volume: $289 million
– Average Daily Volume: $41.4 million
– Lifetime Perps Volume: $44.57 billion
– Lifetime Fees: $34.90 millionData from January 29th to February 5th pic.twitter.com/5wMq1HL4qR
— Synthetix ⚔️ (@synthetix_io) February 6, 2024
Moreover, Synthetix’s commitment to full on-chain governance and the release of L1 Perps mark significant milestones in its expansion. As Synthetix continues to innovate in the evolving crypto space, investors eagerly anticipate its upcoming developments and the redefinition of decentralized finance.
4. Conflux (CFX)
DWF Labs has just announced launching a Proof of Stake (PoS) Node on the Conflux Network. This move aims to bolster confidence and backing for the project’s long-term value in BTC-asset innovation. By launching the PoS Node, DWF Labs actively supports Conflux’s mission to drive innovation within the Bitcoin ecosystem, most especially with the impending launch of their BTC Layer 2 (L2) solution.
Moreover, the market’s reaction to this news has been favorable, with CFX making the top crypto gainers today. The CFX price has surged by 5.13% in the last 24 hours, indicating growing investor interest. Market sentiment is also bullish, solidified by a Fear & Greed Index of 62. In addition, Conflux has consistently traded above the 200-day simple moving average, further boosting investor confidence.
Excited to see our partners @DWFLabs launch a Proof of Stake (PoS) Node on Conflux! This aligns perfectly with our mission for BTC-asset innovation and our upcoming BTC Layer 2 solution. https://t.co/jGVakvzBak
— Conflux Network Official (@Conflux_Network) February 6, 2024
Transitioning to recent performance, CFX has been in the green zone for 17/30 days, accounting for 57% of the period. This streak of positive days shows the increasing optimism surrounding Conflux. Meanwhile, CFX’s 14-Day Relative Strength Index (RSI) currently stands at 53.41.
5. TRON (TRX)
Tron ($TRX) recently showcased a significant breakout, hitting the top crypto gainers today. The coin surpassed the crucial neckline of the rounding bottom pattern at the $0.12 mark. Meanwhile, this price action coincided with the 78.60% Fibonacci level, indicating a potential reversal in the long-term trend.
Analyzing the weekly chart, a clear indication of a rounding bottom reversal emerged. Also, this hints at a surge beyond the price levels observed in the past three years. Moreover, the bullish momentum suggests a target price of $0.20 as Tron continues its ascent.
Equally, the breach of the overhead resistance trendline drives this bullish sentiment further, solidifying the uptrend. Similarly, the bounce from the 200-week Exponential Moving Average (EMA) points towards a stronger uptrend in the coming days.
#TRON DAO works hard to provide a chain that's easy to #BUIDL on. 💪 We're excited to see more developers turning to the #TRON Network and we can't wait to welcome many more! 🚀
Catch the full interview with @justinsuntron here. ⬇️https://t.co/tOAHZuIhpH pic.twitter.com/EaVPuyI0Fs
— TRON DAO (@trondao) February 5, 2024
Notably, investors are noting buyers’ dominance above the psychological mark of $0.12, signaling a high probability of a bullish trend toward $0.15. According to analysis, sustaining this bullish momentum could propel Tron toward the $0.20 mark.
6. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix has revealed its innovative Stake-to-Mine concept, which is set to change traditional mining operations. Unlike usual methods requiring expensive and specialized equipment, Bitcoin Minetrix offers a more straightforward approach.
The Stake-to-Mine idea uses the native token, BTCMTX, allowing users to stake their holdings and earn mining credits, getting a part of Bitcoin rewards. This fresh design is timely with the upcoming halving event, needing efficient mining amidst reducing BTC rewards.
Furthermore, the excitement around Bitcoin Minetrix is clear, shown by the impressive $10 million raised during its presale. Also, the project offers a high-stakes annual percentage yield (APY) of over 50%.
$RON (@Ronin_Network) is coming to the WOO X Spot Market.
✅ Deposits for the $RON token is now open.
👇 Plus, deposit at least 20 $RON to earn a 10% deposit bonus from our 800 $RON prize pool! Start now:https://t.co/qmLTuPbzmq
— WOO X (@_WOO_X) February 6, 2024
Bitcoin Minetrix aims for significant price gains of at least 50x upon its full product launch into the crypto market. Priced at $0.0133, investors should capitalize on this token before the next price rise.
Visit Bitcoin Minetrix presale.
7. WOO (WOO)
WOO is hovering around the $0.33 mark, establishing a solid support level. Furthermore, with increasing trading volume, there’s growing anticipation for WOO to reach the $0.50 level. Today, the WOO price is $0.356388, marking a 5.44% increase in the past 24 hours. Market sentiment appears bullish, with a modest dominance of 0.04%. This indicates investor optimism according to the greed score, which currently sits at 62.
Moreover, the 14-day Relative Strength Index (RSI) sits at 62.68, indicating a neutral stance with potential sideways movement. In addition, trading activity positions WOO above its 200-day simple moving average, highlighting stability.
$RON (@Ronin_Network) is coming to the WOO X Spot Market.
✅ Deposits for the $RON token is now open.
👇 Plus, deposit at least 20 $RON to earn a 10% deposit bonus from our 800 $RON prize pool! Start now:https://t.co/qmLTuPbzmq
— WOO X (@_WOO_X) February 6, 2024
WOO Network aims to optimize liquidity, focusing on competitive pricing, integrity, user experience, innovative tools, and global accessibility. This highlights its commitment to offering favorable trading conditions and fostering user growth opportunities.
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