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Top Crypto Gainers Today Feb 5 – Pendle, Celestia, Chainlink, Optimism

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A recent view of the crypto market reveals a mixed bag of movements, with approximately 18% of digital currencies showing positive trends. Among the top crypto gainers today, Marlin stands out, boasting a significant 20.61% increase in the last 24 hours. However, Render Token has experienced a downturn, marking the most significant loss with a -8.85% decrease in the same timeframe.

Biggest Crypto Gainers Today – Top List

Moreover, Dogwifhat has emerged as the top performer over the past year, achieving an impressive gain of 4,600.39%. Meanwhile, Liechtenstein Cryptoassets has been the star from 2022 to date, soaring by 170.06%. Meanwhile, debate ensues on the news scene over optimal Bitcoin allocation in diversified portfolios post-new spot BTC ETF launch in January.

1. Pendle (PENDLE)

With an ascent into the top crypto gainers today, investors are closely monitoring PENDLE. Pendle’s climb is backed by investors’ projection of the & Greed Index, indicating 60 (Greed). Meanwhile, Pendle’s current price is $3.12, reflecting an 11.10% surge in the last 24 hours. Similarly, its market cap has increased by 10.95% to $744,243,800, ranking it at #85.

PENDLE Price Chart

Moreover, Pendle is gaining traction with its innovative AMM, which supports assets with time decay. Consequently, this offers users greater control over future yield. Furthermore, Pendle’s year-to-date price has skyrocketed by 3,870%, bettering 99% of the top 100 coins, including Bitcoin and Ethereum.

Equally, Pendle is trading above its 200-day simple moving average, generally considered an overall uptrend. Similarly, it has seen 16 green days in the last 30, and Pendle is on the brink of an all-time high. Pendle also boasts high liquidity, evidenced by its market cap and dominance of 0.04%.

2. Celestia (TIA)

Recent market movements actively indicate a bullish trend for TIA, with the coin demonstrating resilience at the $17 support level. Hence, analysts predict a potential surge to $30 once Bitcoin’s market behavior turns favorable. 

Furthermore, TIA’s price has experienced a bullish rally, surging past $16 on the back of positive sentiment. Moreover, in the past 24 hours, buyers have continued to accumulate, actively pushing TIA’s price to $18.1, reflecting a 2.2% increase from yesterday.

TIA Price Chart

However, it’s important to monitor the market as there is expected selling pressure around the $20 mark, which could lead to a downturn. Sustaining the price above $20 may actively signal continued buying momentum. Nonetheless, a drop below the ascending support line could actively push the Relative Strength Index (RSI) into oversold territory, potentially increasing selling pressure.

3. Chainlink (LINK)

Chainlink’s native token, LINK, has entered the top crypto gainers today, indicating potential price increases. As such, analysts believe that LINK is poised for an uptrend, with targets well above its current trading price.

LINK Price Chart

Transitioning into the analysis, experts highlight LINK’s recent entry into a breakout zone. Along this line, this signals a potential climb to $47.15, marking a substantial 153% increase. In addition, LINK’s successful weekly closure above the crucial $16.54 level suggests a possible surge to $29.

Moreover, LINK’s current position above the 200-day SMA and its positive performance compared to its initial token sale price contribute to its upward momentum. Also, the coin’s resilience is evident, with 16/30 green days representing 53% of its recent trading period. Furthermore, LINK’s proximity to its cycle high and high liquidity based on market capitalization bolsters analysts’ optimistic outlook.

4. Optimism (OP)

Ahead of Bitcoin halving in 2024, Optimism has made notable progress, which has propelled it into the top crypto gainers today. In recent news, it partnered with Orderly Network to enhance its features and attract more users. Despite a slight drop in its trading value from $4.20 to $3.16, OP remains a big player in the Ethereum ecosystem. Along this line, it is positioned to welcome more participants and funds.

OP Price Chart

Moreover, PO’s integration with Orderly Network has triggered an  800% increase in addresses, indicating a growing interest in the platform. Furthermore, Optimism is demonstrating strong market performance with a market cap of $2,924,957,626. 

Similarly, its trading volume over the last day grew to$134,400,513. Moreover, Optimism is trading above its 200-day simple moving average, which suggests market stability and investor confidence.

5. Blur (BLUR)

Blue (BLUR) is rapidly gaining momentum in the crypto realm thanks to its innovative NFT trading platform on Ethereum. The platform’s decentralized approach has several features. This includes floor sweeping, real-time price updates, and portfolio management tools that are easily accessible.

Following a significant airdrop within the NFT community and the introduction of instant royalty access for creators, along with token-based rewards, Blue (BLUR) has quickly attracted a vibrant and dedicated user base. This surge in activity positions Blue (BLUR) as a strong contender in the expanding NFT market, promising a bright future.

BLUR Price Chart

Blue (BLUR) is priced at $0.589758, marking a 3.18% increase in the last 24 hours. In addition, it is trading above its 200-day moving average. With high liquidity and a market dominance of 0.01%, Blue (BLUR) is gaining traction among investors.

6. Sponge V2 ($SPONGE V2)

The Sponge project is adding a new member, Sponge V2, to the crypto space. Hence, it introduces a unique Stake-to-Earn method via an ERC-20 token on the Ethereum network. This innovative approach bridges Sponge VI to V2. In addition, it offers users unprecedented token transition and utility enhancement opportunities.

What is Staking all about? Staking involves users locking up tokens in a smart contract for a specified period to earn additional tokens. With Sponge V2, users actively stake $SPONGE to earn $SPONGEV2. Thus, it marks a significant shift from its previous model.

Furthermore, Key features of Sponge V2 include a Staking Bonus, where users actively stake $SPONGE to reserve an equivalent amount of $SPONGEV2. Moreover, staked $SPONGE tokens are subject to a Permanent VI Lock. Therefore, it emphasizes the project’s forward-looking approach by phasing out VI tokens post-V2 launch.

Also, $SPONGE V2’s utility extends beyond staking rewards, introducing a bespoke Play-to-Earn (P2E) game within the Sponge ecosystem. This game allows users to earn $SPONGEV2 tokens by participating and ranking on the leaderboard.

Additionally, the Sponge team aims to cater to a diverse audience by offering free and paid versions of the P2E game. The free version provides casual entertainment. Moreover, the paid version enables users to actively utilize $SPONGEV2 tokens to purchase game credits, enhancing their earning potential within the game.

Visit Sponge V2 

7. Manta Network (MANTA)

Recent market adjustments have propelled MANTA to a sturdy support level of $2.70, hinting at a potential upward surge soon. Analyzing volume and Relative Strength Index (RSI) indicators reveals a promising outlook, with MANTA potentially poised to reach $5. Currently trading at $2.83, MANTA has experienced a 3.36% surge in the last 24 hours.

MANTA Price Chart

Furthermore, the token showcases positive performance compared to its initial sale price, hovering near its cycle high of $2.84. Also, MANTA presents an enticing opportunity for crypto enthusiasts with robust liquidity based on its market cap. 

Moreover, the Fear & Greed Index registers at 60, reflecting a sentiment skewed toward greed. Similarly, this resonates with the bullish price prediction sentiment for MANTA.

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