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Top Crypto Gainers Today Jan 21 – Dogecoin, FLOKI, Huobi Token, THORChain

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After a mild outing yesterday, today’s session showcases a 23% positive streak among various tokens. Cartesi emerges first among the top crypto gainers today, boasting an impressive 58.77% surge over the last 24 hours. Conversely, Dogwifhat takes a dip as today’s biggest loser, experiencing an unfortunate -8.31% loss during the same period.

Biggest Crypto Gainers Today – Top List

Over the past year, Dogwifhat hit an extraordinary 6,570.21% gain, demonstrating its resilience and potential for long-term growth. However, ApeCoin grapples with a significant setback, losing 75.43% of its value in the last 12 months. On the news scene, the U.S. Securities and Exchange Commission (SEC) approved 11 spot Bitcoin Exchange-Traded Funds (ETFs).

1. Dogecoin (DOGE)

DOGE’s entry into the top crypto gainers today is catching the market’s eye. Dogecoin has surged into a bullish zone, leading a fresh memecoin revolution following the announcement of X Payments accounts on July 20. As of the time of writing, Dogecoin is changing hands at $0.08818, registering an 11.13% intraday surge.

Analyzing current on-chain data, Dogecoin has grown substantially from a 24-hour low of $0.07899 to its current trading level. Moreover, this revival is propelled by a remarkable 289.72% spike in trading volume, pushing the total DOGE traded to $1,303,078,319.

DOGE Price Chart

Furthermore, the current bullish outlook for Dogecoin is in sync with heightened whale activity within the network. Besides, data from IntoTheBlock reveals a 21.25% surge in the memecoin’s whale volume, reaching $1.21 billion. This resurgence has boosted the altcoin market as Bitcoin experiences a 44.27% drop, and Ethereum sees a 42.83% decline to $2.4 billion.

2. FLOKI (FLOKI)

Alongside other meme coins, Floki has seized the spotlight with its impressive market performance. Currently priced at $0.00003156, the token experienced a 9.00% surge in the last 24 hours. Along this line, it boasts a trading volume of $91.13M, 819.63% in the last intraday session. Equally, Floki has outpaced 83% of the top 100 crypto assets and demonstrated a 182% price increase over the past year.

FLOKI Price Chart

The greens are in full gear as Floki trades above the 200-day SMA, elevating its market cap by 9.08%. On another note, Floki ‘s staking program has locked up 2.5 trillion FLOKI tokens for 3 to 48 months. This figure constitutes more than 26% of the circulating supply. Despite these commitments, the Annual Percentage Yield (APY) remains alluring, reaching an impressive 79%.

Furthermore, those staking FLOKI stand to benefit from the token rise and also earn TokenFi, Floki Inu’s sister token. With over 50% of the total TokenFi supply allocated to FLOKI stakeholders, TokenFi positions itself in the booming #tokenization industry. As investors keep a watchful eye, the coin could hit $16 trillion by 2030.

3. Huobi Token (HT)

Huobi Token is showing a significant uptick today, increasing by 14.99% to $1.789166. The trading volume is $20.15 million, showcasing strong liquidity considering the $290.26 million market cap. Despite a market dominance of 0.02%, the HT’s market outlook is bearish—however, a greed score of 56 shows investors are buying with a projected upward trend.

HT Price Chart

Moreover, 162.23 million HT out of a maximum of 500.00 million HT are currently in circulation. In addition, the yearly supply inflation rate is 5.79%, creating 8.88 million HT in the last year. 

On an important note, Huobi Token seems oversold, hinting at a potential rise. Equally, its substantial liquidity, reflected in the market cap, adds to its appeal. While the sentiment is bearish, HT’s historical performance and current market indicators suggest a healthy pick.

4. Ocean Protocol (OCEAN)

Ocean Protocol hits the top crypto gainers today, valued at $0.456683, displaying a 6.84% intraday surge. In addition to being among the top gainers, it grew by 38% over the past year.

OCEAN Price Chart

With an active presence on top trading platforms, Ocean Protocol commands a market cap of $243.78 million. This confirms OCEAN’s liquidity with its market cap, cementing dominance with a market share of 0.01%. 

Persistently above the 200-day simple moving average, Ocean Protocol exhibits a steady upward trend. Besides, the project maintains a positive trajectory with a negative yearly inflation rate of -12.93%. Also, a neutral sentiment in the price prediction and a Fear & Greed Index of 56 (Greed) offers a balanced outlook for potential investors.

5. Sponge V2 ($SPONGE V2)

Sponge is gearing up for a remarkable comeback with the launch of Sponge V2, a significant upgrade surpassing its predecessor, Sponge V1. Seizing the anticipated bull market, Sponge V2 builds on V1’s foundation and introduces the groundbreaking Play-to-Earn (P2E) utility into the Sponge Ecosystem.

Moreover, Sponge is actively conducting a presale to transition users smoothly from the older version. The presale offers exclusive bonuses and implements an automatic staking system to retain the existing community and entice new participants.

Sponge’s growth story is impressive, starting with a $1 million valuation. Building on that momentum, it surged to a peak market capitalization exceeding $100 million in 2023 before settling at $16 million.

6. Injective (INJ)

The Injective ecosystem is on an upswing, hitting all-time highs in key metrics daily with its latest mainnet release. Active wallets, transactions, volume, total value locked (TVL), and dApps are positive overall. In the meantime, the injective token is showing resilience, hitting the top crypto gainers today, priced at $36.91 after rallying by 5.76%.

INJ Price Chart

Besides, Injective exhibited price fluctuations, previously trading in a tight range between $36.668 and $38.942. Nonetheless, it entered a consolidated phase for about a week between $38.942 and $43.933. But, the bullish run required steam, leading to a correction of approximately 17%.

Moreover, Injective’s market cap currently stands at $ 3.27B, with a robust 24-hour trading volume of $ 468.65 million. Similarly, the greed Index reading of 56 indicates a prevailing sense of greed in the market. This suggests that a bullish run is around the corner.

7. THORChain (RUNE)

Investors closely monitor THORChain, which has risen by 4.82% to reach $4.28. With a trading volume of $143.17 million and a market cap of $1.45 billion, THORChain boasts a market dominance of 0.09%. The coin’s historical data reveals its peak at $20.98 on May 19, 2021. Meanwhile, its lowest point at $0.007620 on September 11, 2019. 

RUNE Price Chart

Furthermore, THORChain actively trades above the 200-day simple moving average, showcasing positive performance relative to its token sale price. In addition, the coin maintains robust liquidity, evidenced by its substantial market cap.

Notwithstanding these positive indicators, the current sentiment for THORChain leans toward bearish. However, the aligning Fear & Greed Index of 56 indicates investor greed. This metric suggests that an upward trend is plausible.

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