Top Crypto Gainers Today Jan 12 – dYdX, Curve DAO Token, EthereumPoW, Optimism

Available data for the market’s intraday trading session reveals that 17% of cryptocurrencies are experiencing positive movement. Blox is today’s top crypto gainer, with a substantial 43.45% increase over the last 24 hours. Meanwhile, Tribe is today’s top loser, losing 12.04% during the same period.

Biggest Crypto Gainers Today – Top List

Cryptocurrency proponents assert that Bitcoin may significantly surge, exceeding $100,000 this year. This optimism follows a significant move by the U.S. Securities and Exchange Commission (SEC) toward approving the inaugural U.S. spot Bitcoin exchange-traded fund (ETF).

1. Optimism (OP)

Optimism’s climb into the top crypto gainers today comes from an impressive intraday rally. OP’s price is $4.21, reflecting a 24-hour trading volume of $1.79 billion. Moreover, the token’s market cap reflects a good business day at $903.88 million, ushering in a market dominance of 0.05%. Over the past 24 hours, the OP price has witnessed an 8.71% increase.

Examining recent market behavior, Optimism has seen positive momentum, with 17 green days in the last 30 days. This metric accounts for 57% of the observed period. Meanwhile, the asset is positioned close to its all-time high, suggesting sustained investor interest.

From a liquidity perspective, Optimism exhibits strength based on its market capitalization. In addition, the coin is actively traded on Binance, contributing to its liquidity. The overall sentiment surrounding Optimism’s price prediction is bullish, supported by a Fear & Greed Index reading of 71 (Greed).

2. Litecoin (LTC)

LTC opens the intraday trading session by earning a place among the top crypto gainers today. In the latest market update, Litecoin is holding a price of $75.29, showing a 3.05%. Trading activity has been robust, with a 24-hour volume of $1.40 billion. This outlook has contributed to a market cap of $5.58 billion and a market dominance of 0.32%. 

Over the past year, 2.39 million LTCs were newly created, resulting in a yearly supply inflation rate of 3.34%. On the technical side, Litecoin is trading above the 200-day simple moving average, indicating a positive trend. Its substantial market capitalization points to high liquidity. 

'Litecoin scooped a big portion of Bitcoin’s market share in December.' – @CryptoAmb https://t.co/ILkEOyZvLa

— Litecoin (@litecoin) January 8, 2024

Moreover, Litecoin is actively traded on the Binance platform, strengthening investor sentiment. The Fear & Greed Index stands at 71, signaling a state of greed in the market. 

3. Curve DAO Token (CRV)

Over the last month, CRV has seen positive gains on 17 out of the past 30 days, making up 57%. Furthermore, liquidity appears healthy, backed by its market cap and Binance listing. With a market dominance of 0.04%, CRV hit the top crypto gainers today, gaining 1.67%. 

Currently, market sentiment indicators point to a bearish outlook for CRV. However, the Fear & Greed Index is 71, indicating a prevailing greed sentiment. In terms of supply, there are currently 1.07 billion CRV tokens in circulation out of a maximum supply of 3.30 billion. 

6 out of these 7 pools contain crvUSD. And crvUSD makes fees by itself when it exists (because someone borrowed it) https://t.co/rHchY3fFib

— Curve Finance (@CurveFinance) January 7, 2024

Meanwhile, the yearly supply inflation rate is high at 101.23%, creating 538.11 million CRV last year. In the decentralized finance (DeFi) space, CRV holds the 12th position by market cap. In addition, it ranks 3rd in the Yield Farming sector and 27th in the Ethereum (ERC20) Tokens sector.

4. Worldcoin (WLD)

WLD makes another appearance among the top crypto gainers today. An impressive trading session has spiked Worldcoins price to $2.98, marking a 9.60% intraday increase. This has resulted in a trading volume of $397.05 million and a market cap of $329.70 million. In addition, WLD holds a 0.02% market dominance, signaling market relevance. 

Moreover, Worldcoin’s price sentiment is bullish, supported by a Fear & Greed Index reading of 71. This sentiment indicates a prevailing sense of investor greed in the market. On December 17, 2023, Worldcoin peaked at $4.73. After reaching the all-time high, the cryptocurrency experienced a cycle low, hitting $2.38, followed by a subsequent cycle high of $3.17. 

The Worldcoin Tech Tree is a visual guide to the key areas of the project & their potential improvements.https://t.co/KjYOh7M7Xg

— Worldcoin (@worldcoin) January 2, 2024

Furthermore, Worldcoin’s circulating supply currently stands at 110.54 million WLD out of a maximum supply of 10.00 billion WLD.  Therefore, Worldcoin is at the 51st position within the Ethereum (ERC20) Tokens sector. Meanwhile, the cryptocurrency demonstrates high liquidity based on its market capitalization and actively trades on the Binance platform.

5. Sponge V2 ($SPONGE V2)

Sponge V2 has grown significantly since its inception, marked by a substantial increase in its initial valuation from $1 million. The token witnessed a surge, reaching a peak market capitalization exceeding $100 million in 2023 before stabilizing at $16 million. Impressively, the project has built a user base of over 11,500 holders, reflecting a robust and engaged community.

Attention, #SPONGERS! 🧽💦

We’re thrilled to announce that our liquidity is now locked! 🔐

With 4,270,902,045 tokens already staked valued at $3,497,953 with an impressive current 378% APY, $SPONGE is stronger than ever!

Visit our website to find out more! ⚡️#SpongeV2 #Web3 pic.twitter.com/1tYOhx3Lcb

— $SPONGE (@spongeoneth) January 8, 2024

At the heart of Sponge V2 is its Stake-to-Bridge model, strategically designed to facilitate the migration of $SPONGE holders to the V2 system. This model actively motivates existing holders to participate by integrating staking mechanisms. Therefore, it effectively incentivizes user engagement in the updated ecosystem.

Furthermore, the project’s roadmap outlines plans for primary exchange listings, hinting at potential expansion opportunities. With the support of a 30,000-member strong community, Sponge V2 has garnered the attention of investors exploring the cryptocurrency market. Moreover, the project’s community engagement emphasizes it as a token worth watching.

6. EthereumPoW (ETHW)

Will ETHW maintain its standing among the top crypto gainers today? Ethereum PoW price is $3.52, indicating a positive trading day capped with a 3.80% uptick. Despite this increase, the token’s market dominance is a modest 0.02%, maintaining a balanced market share.

Traded on KuCoin, Ethereum PoW stands out for its liquidity, which is evident in a solid 0.2457 volume-to-market cap ratio. In addition, the token holds a market cap of $379.35 million, with a 24-hour trading volume of $93.22 million. Moreover, market positioning places Ethereum PoW at the 49th rank within the Ethereum (ERC20) Tokens sector. 

Over the past year, the token has demonstrated a steady 5% increase in price. Importantly, it is consistently trading above the 200-day simple moving average, indicating stability in its market performance. Meanwhile, the prevailing market sentiment is bullish for Ethereum PoW, supported by a Fear & Greed Index score of 71, signaling “Greed” among investors.

7. dYdX (ethDYDX) (ETHDYDX)

dYdX’s ascent into the top crypto gainers today is marked by impressive performance, including 111% over the past year. The token’s value is $2.82, reflecting an intraday trading volume of $407.14 million. Moreover, dYdX boasts a market cap of $518.10 million, with a registered market dominance of 0.03%.

Furthermore, technical analysis reveals that dYdX trades 16.83% above its $2.43 200-day simple moving average (SMA). This data indicates a sustained positive trend for the project in the market.

In less than 2 months since full trading was enabled on the @dYdX Chain, over 2M $USDC in Staking Rewards has been distributed to over 7,500 Stakers 🙋🏽

According to Mintscan, staking on the dYdX Chain has yielded an average annualized reward of 11.11% ⛓️

🔒 72.85M DYDX is… pic.twitter.com/0EqqMRrvFr

— dYdX Foundation 🦔 (@dydxfoundation) January 8, 2024

Meanwhile, the neutral 14-day Relative Strength Index (RSI) is at 45.04, hinting at potential sideways movement. Nonetheless, the Fear & Greed Index signals a sentiment of 71, indicating a prevailing state of greed among market participants.

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