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Cryptocurrencies have seen an incredible surge in the past few weeks, with some coins outperforming others. On December 8th, GMX, EOS, D2T, TWT, TARO, IMPT and TAMA seem to have topped the charts in terms of price appreciation. This, however, has left investors wondering about the future moves of these particular projects and the reason for their pumps.
These 6 cryptocurrencies are among the top-grossing projects too, thanks to their innovative use cases in different areas such as DeFi, Gaming, NFTs etc. all of which are of high quality. This combined with a strong team that remains focused on delivering products that benefit communities around the world can easily be the most likely reason for the pump behind most of these tokens even during such adverse market conditions.
In this article, we take a look at some of the biggest gainers of the day and explore what might be behind their success.
GMX
The GMX token has been gaining remarkable momentum in the past few days, with its price climbing more than 7% on December 8th. GMX is a decentralized exchange built on the Ethereum blockchain, allowing users to trade tokens and assets quickly and securely. The recent surge may be due to increased demand from traders as well as GMX’s expanding list of tokens and features.
While there has been much excitement around the platform as a growing organization, the constant growth of GMX may not be permanent. There is no doubt that GMX has the potential to climb to higher price ranges. However, considering its contenders like BNB and CRO, it is unlikely to make a bigger move with the current market conditions in place. At the time of writing, the token is trading at around $54.
EOS
EOS was one of the biggest gainers of the day, shooting up more than 7.25%. The cryptocurrency has been rallying for some time now, with investors likely attracted by the coin’s low fees, scalability and potential for smart contract development. With crypto markets continuing to show positive signs, EOS is likely to remain a strong performer moving forward. It is currently within the $1.03 level, and may be looking for further upward movement in the upcoming days, owing to several announcements and developments.
Trust Wallet Token
DeFi coins have been performing exceptionally well lately, with TWT showing an impressive gain of 6% over the past 24 hours on December 8th. TWT is an Ethereum-based token used for transferring value across different DeFi protocols. Investors are likely drawn to this coin due to its potential for high returns in this favourable market environment. TWT allows for more efficient exchanges between buyers and sellers in different countries, and a two-factor authentication system could increase transaction security.
While TWT is a good crypto, investors should note that the current market conditions may affect the growth of any project after it has reached a certain price point. However, if BTC does make bullish moves, then TWT may be one of the top gainers again soon.
Dash 2 Trade (D2T) – Pre-Sale Token
Dash 2 Trade is an analytics-related crypto project that has seen impressive gains today which has been surging in demand greatly since the past week. D2T powers an analytical tool designed for investors to optimise their trades by giving signals on when to trade and make the most of their crypto trades.
D2T (Dash 2 Trade) is an exciting project that seeks to create a new form of analytical platform plus trading tool that helps you make better trading decisions. This could potentially lead to more efficient exchanges between buyers and sellers from different countries, as well as offering increased trading opportunities through the means of social sentiment analysis, crypto signals, and on-chain metric analytics. Naturally, all this has been widely embraced by the wider community, which is why D2T is easily one of the top gainers for today.
RobotEra (TARO) – Presale Token
RobotEra has seen an incredible surge in demand too, giving traders a lucrative long-term investment option that can offer great returns over the long term if managed properly.
TARO is a Sandbox-inspired gaming platform where users can make TARO-based Robot NFTs to create characters and interact with the sci-fi world where robots rule the universe. Through this, they will be able to buy virtual properties and build in this environment and enjoy the robot world. The project is characterized by low transaction fees and short execution times, appealing to those interested in trading and investing in cryptocurrencies for long-term growth prospects.
IMPT.IO (IMPT) – Presale Token
IMPT.io is selling hundreds of thousands worth of tokens every single day. They are now up to 14.5 million dollars in presale funding itself, which shows incredibly increasing popularity. And this is precisely why even more investors have been looking to stock up on the IMPT tokens as soon as possible.
With only a few days left before the presale expires, not only do the users have to worry about the timing but also about historical data. Previously launched coins have shown that after the presale completes the coins tend to rise dramatically in price within the initial release of the listings, showing tremendous gains early on.
For instance, Tamadoge (TAMA) saw a tremendous gain of over 1800% and Lucky Block (LBLOCK) gained by over 6000% within the first few weeks of its initial release. Experts predict that IMPT will follow the same trend and rise a great deal in price after its presale season ends.
Tamadoge (TAMA)
Tamadoge is one of the best examples of cryptocurrencies that can successfully combine memecoin status with real utility. While there is much scope for growth even in the long term, it cannot be denied that TAMA has been rewarding its investors even in the shorter time span. Despite such adverse conditions, a project like Tamadoge has been creating value and profitable opportunities for its community, which shows its promise as a high-potential token. The token is currently trading at around $0.14, much higher than its price about a week ago with a market cap of more than $20 million.
Conclusion
The crypto market has been incredibly volatile over the past few weeks, but it seems that there are some coins that are able to hold their own amidst all the uncertainty. GMX, EOS, D2T, TWT, TARO, IMPT and TAMA have all seen remarkable gains today – a sign of great things to come. As we move to the end of 2022, it will be interesting to see how these cryptocurrencies fare against more established players like Bitcoin and Ethereum as well as other up-and-coming altcoins vying for investor attention in 2023.
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