Top Crypto Gainers Today Dec 23 - Moonbeam, Stacks, Immutable, Ethereum PoW

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The current cryptocurrency market reflects varied movements, with approximately 16% of cryptocurrencies showing positive trends. Ethereum PoW is today’s top gainer, displaying a 38.13% increase over the past 24 hours. Conversely, Raydium experienced a decline, marking the day’s largest loss at -12.78% within the same period.

Biggest Crypto Gainers Today – Top List

Examining the longer-term trends, Injective has emerged as the strongest performer over the last year, exhibiting an impressive 2,814.00% gain. Bitcoin experienced a surge this year, jumping by over 160% and peaking slightly above $43,000. The current upswing prompts speculation about the potential extent of Bitcoin’s momentum and capacity to attain the sought-after six-figure value of $100,000 in 2024.

1. Stacks (STX)

Stacks has entered the top crypto gainers today after its price soared by 541%. Hence, STX has performed better than 91% of other top 100 cryptocurrencies. Stacks’ price is $1.46, alongside a market cap of $2.09 billion. Moreover, STX boasts a daily trading volume of $561.26 million, reflecting a market dominance of 0.12%.

Moreover, Stacks is trading above its 200-day moving average, indicating a positive trend. Over the last month, it had 18 positive trading days out of 30, making up 60% of its recent trading activity. These trends and its high liquidity based on market cap contribute to its stability.

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— stacks.btc (@Stacks) December 20, 2023

Predictions suggest a bullish sentiment for the Stacks price, and the Fear & Greed Index sits at 70, signaling ‘Greed’ among investors. Regarding its supply, 1.43 billion STX are circulating out of a maximum of 1.82 billion STX. The yearly supply inflation rate is 6.24%, creating 83.99 million STX last year.

2. Immutable (IMX)

Immutable marks its presence among the top gainers today with a value of $2.45. IMX also has an intraday trading volume of trading volume of $343.27M. Its market capitalization stands at $3.18B, commanding a market dominance of 0.19%. Notably, it has experienced an 8.83% increase in value over the past day.

The current sentiment surrounding Immutable X is bullish. Hence, this coincides with a Fear & Greed Index reading of 70, indicating a state of ‘Greed.’ Based on performance, the project has shown a remarkable 457% increase in price over the last year.

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— Immutable (@Immutable) December 22, 2023

Moreover, it is currently trading above its 200-day simple moving average. The project’s token sale price reflects positive performance compared to its current trading value. Furthermore, in the last 30 days, Immutable X has experienced 16 days of positive growth, accounting for 53% of the period.

3. Render (RNDR)

Render Token’s ascent into the top crypto gainers today has been impressive, with a staggering 999% price surge. As such, RNDR has outdone 97% of the top 100 crypto assets within the same timeframe.

The token is hovering near its cycle high, showcasing substantial liquidity based on its market capitalization. The current price is $4.71, with a 24-hour trading volume of $277.59 million. Moreover, a market cap of $1.74 billion reflects considerable investor interest and participation.

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This upgrade marks a significant shift as rendering & AI jobs can now be paid on-chain in RENDER (@rendernetwork’s upgraded token)…

— The Render Network (@rendernetwork) December 20, 2023

Based on supply dynamics, Render Token’s circulating supply is 369.61 million RNDR. This amount is out of a maximum supply of 536.87 million RNDR. Notably, the yearly supply inflation rate is 45.63%, creating 115.82 million RNDR in the last year.

4. Ethereum PoW (ETHW)

Ethereum PoW enters the top crypto gainers today, registering a 27% price surge in the past year. ETHW maintains a position above its 200-day simple moving average, signifying a sustained upward trend. Over the last 30 days, approximately 53% of its recent trading sessions have resulted in positive gains, indicating consistent market activity.

Ethereum PoW is trading near its cycle high, accompanied by robust liquidity showcased in its impressive market capitalization. Furthermore, Ethereum PoW’s price is $3.78, reflecting an intraday trading volume of $387.30M. In the last 24 hours, the asset has surged by 35.82%, displaying short-term volatility in its pricing behavior.

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— EthereumPoW (ETHW) Official (@EthereumPoW) December 1, 2023

Market sentiment currently leans towards bullish for Ethereum PoW, indicated by a Fear & Greed Index score of 70 (Greed). Furthermore, the circulating supply is 107.82M ETHW out of a maximum supply of 107.20M ETHW. The yearly supply inflation rate hovers at 0.47%, creating 508,117 ETHW over the past year.

5. Moonbeam (GLMR)

Moonbeam’s price is $ 0.431745, alongside a trading volume of $ 93.69M. GLMR boasts a market capitalization of $ 348.28M, holding a market dominance of 0.02%. Over the past day, GLMR has seen a 14.36% increase in its price.

As of the latest data, Moonbeam’s price prediction sentiment leans towards a bullish outlook, while the Fear & Greed Index registers at 70. Hence, this indicates a sentiment of greed in the market and places it among the top crypto gainers.

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Today, as Polkadot surges past its all-time high for daily transactions, we are reminded of the advanced capabilities that Moonbeam introduces, being a Substrate chain + EVM compatible. 🌙 https://t.co/blYl9O6DB4

— Moonbeam Network (@MoonbeamNetwork) December 21, 2023

Key highlights of Moonbeam include a 28% price increase over the past year, trading above its 200-day simple moving average, 20 green trading days in the last 30 days (constituting 67% of the period), and its proximity to its cycle high. Additionally, Moonbeam maintains high liquidity based on its market capitalization.

6. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix introduces a novel approach to cryptocurrency engagement by enabling users to stake BTCMTX tokens for cloud mining credits. This model is designed to empower users and ensure secure mining practices for token holders.

The staking pool of Bitcoin Minetrix, involving more than 400,000 BTCMTX tokens, has garnered attention. The platform advertises an annual percentage yield (APY) of 103,225%, presenting an enticing opportunity for potential participants seeking investment returns.

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— Bitcoinminetrix (@bitcoinminetrix) December 23, 2023

Despite being in the presale phase, Bitcoin Minetrix has gained traction and currently ranks among the top crypto gainers today. The project has accumulated over $5,799,279 in its ongoing BTCMTX presale, valuing tokens at $0.0123 each. This momentum underscores the project’s capacity to attract investor interest, highlighting the market’s intrigue in its unique staking mechanism.

7. WOO Network (WOO)

WOO Network’s price is $0.442450, reflecting a 6.94% intraday rally. This surge reflects an intraday trading volume of $124.83M, placing WOO among the top crypto gainers today. It currently holds a market cap of $793.11M, demonstrating a market dominance of 0.05%.

Presently, market sentiment for WOO Network is bullish. This bullish sentiment comes with a Fear & Greed Index displaying 70 (Greed). With a circulating supply of 1.79B WOO out of a maximum of 3.00B WOO, the yearly supply inflation rate stands at 50.07%, equating to the creation of 598.09M WOO in the past year. Ranking at #9 in the Exchange Tokens sector based on market cap, WOO Network has displayed a noteworthy performance:

We are excited to announce that WOO X Spot markets will move to a designated market maker model in January, to continue to diversify counterparties, improve liquidity, and accelerate listings.

With futures already on a DMM model, this will complete our move to a more…

— WOO X (@_WOO_X) December 21, 2023

Over the past year, the price has risen by an impressive 283%, entering the top crypto gainers today. The token trades above the 200-day simple moving average, indicating positive market trends.