Top Crypto Gainers Today Jan 23 – Akash Network, Bittensor, Casper, Multichain

Today’s trading session increased slightly from yesterday, with 9% of the tokens showing green candles. UMA stands out as today’s top gainer, showcasing an impressive 14.51% gain over the past 24 hours. In contrast, Dogwifhat takes the spotlight as today’s top loser, displaying a 21.19% value loss in the same time frame.

Biggest Crypto Gainers Today – Top List

Taking a broader view, Dogwifhat has been the standout performer over the last year, boasting a remarkable gain of 4,512.74%. In contrast, Bitcoin extended its losses on Monday, dipping below $40,000 for the first time this year.

1. Bittensor (TAO)

Bittensor’s trading session is capped with an appearance in the top crypto gainers today. TAO’s intraday price has climbed to $258.07, displaying a 7.18%. Moreover, trading volume jumped by 65.40% from the last day to $9.96 million. Similarly, its market cap reached $1.57 billion, and it holds the second-largest position in the AI Crypto sector.

On December 14, 2023, Bittensor peaked at $394.91, while its lowest point was $31.74 on May 14, 2023. Since reaching its all-time high, the lowest price has been $193.77. Despite a bearish market sentiment, the Fear & Greed Index stands at 50, signaling neutrality. Notably, Bittensor is actively trading above its 200-day simple moving average.

Furthermore, Bittensor’s circulating supply consists of 6.10 million TAO. However, this number is below a maximum supply of 21.00 million TAO, demonstrating a strategic distribution approach. Therefore, Bittensor’s recent price surge and overall market position provide valuable insights for traders.

2. UMA (UMA)

UMA’s native token has seen a remarkable surge of over 200% since introducing its solution, Oval. Due to this, UMA’s price has propelled the project’s market cap beyond $500 million, signaling a significant uptrend. In just a few days, the UMA token skyrocketed from $2 to an impressive $6.9, hitting its highest since mid-2022. 

Currently valued at $5.86, UMA’s trading volume grew over 84% in the last session, hitting $2.12 billion. Equally, the market cap increased by 12% to rest at $447.25 million, placing it among the top crypto gainers today. Meanwhile, UMA is backed for future growth with strategic developments and community support. 

Join UMA’s founder @hal2001 🥚 for the live launch of Oval on this special @Blockworks_ podcast.

Hosted by @MikeIppolito_ of Blockworks, with @tarunchitra of Gauntlet and @0xQuintus of Flashbots.

Today (Tuesday) – 10:30am EST / 7:30am PST / 15:30 UTChttps://t.co/W5iT5PMDno pic.twitter.com/G03ZbDnJRo

— UMA 🥚 (@UMAprotocol) January 23, 2024

So, if the UMA project announces collaborations with other networks, the UMA Coin could surpass $6.33 by 2024. Furthermore, investors are urged to stay tuned for UMA project announcements, as the market’s positive response suggests ongoing momentum and the potential for further expansion.

3. Multichain (MULTI)

Multichain presents promising signals for investors, with the last intraday session worthy of mention. Over the previous 24 hours, the MULTI price skyrocketed by 97.07%, hitting $3.02 and bouncing back from its recent low of $1.013730.

Therefore, the overall sentiment towards Multichain is bullish, aligning with the positive market momentum. The Fear & Greed Index also stands at a neutral 50, reflecting a balanced market sentiment. In addition, MULTI is above its 200-day SMA, signaling sustained green candles. Furthermore, factors such as high liquidity underpins Multichain’s robust performance. 

Moreover, this liquidity is evident in its market cap and active trading on Binance. On another note, the yearly inflation rate is negative at -21.99%, signaling a reduction in supply. Hence, this resulted in the creation of approximately -4.10 million MULTI tokens over the past year. Of significance, Multichain reached its peak price of $33.45 on January 14, 2022, and its lowest point of $1.013730 on September 3, 2023, following the all-time high.

4. Chiliz (CHZ)

Chiliz is strong among the top crypto gainers today, positioned above the 200-day SMA. Along the same lines, CHZ has a solid market cap and maintains high liquidity. Moreover, the greed index sits at a neutral 50 as holders expect a bull.

Furthermore, Chiliz has grown to $0.099626, showing an 8.71% increase in the last 24 hours. In addition, it has traded up to $438.56M in volume, keeping the market dominance of 0.06%. To build on that, CHZ is ranked #3 in the NFT Tokens sector and reached its all-time high at $0.889434 on Mar 13, 2021. 

Chiliz Chain, the Layer-1 Sports Blockchain, has passed its first 10 million transactions. 🎉

Have a look at all transactions 👉 https://t.co/S8N2ZvTkbT#ChilizChain ⚡️ $CHZ pic.twitter.com/lKWwoIG9IA

— Chiliz ($CHZ) – The Sports Blockchain ⚽🏆 (@Chiliz) January 17, 2024

After its all-time high, CHZ hit a low of $0.053888 (cycle low). However, the highest since the last cycle low was $0.111453 (cycle high). Plus, CHZ has a circulating supply of 8.89B out of a max supply of 8.89 B. Meanwhile, the yearly supply inflation rate is 44.83%, creating 2.75B CHZ last year.

5. Akash Network (AKT)

After hitting the top crypto gainers today, traders monitor Akash Network as it exhibits promising trends. Based on the latest data, AKT ticked upward by 3% to $2.48, with the market dominance at 0.04%. Equally, trading volume gained to $7.09 million, at the coin underlining its significance with a market cap of $550.34 million.

Furthermore, it faired better than 97% of the top 100 coins in the past year, surpassing Bitcoin and Ethereum. This remarkable performance is highlighted by an impressive 808% price surge over the same period.

Active leases continue to set new all-time highs, driven by network adoption.

This recent surge in new leases has been enabled in part by @SpheronHQ, a long-time network client and member of the Akash ecosystem. pic.twitter.com/37pZGqJli8

— Akash Network (@akashnet_) January 22, 2024

Besides, technical analysis reinforces the positive outlook, as Akash Network trades above the 200-day simple moving average. Therefore, this signals sustained upward momentum, boosting investor confidence.

6. Casper (CSPR)

Casper Labs and IBM Consulting have collaborated to develop a blockchain-powered AI governance solution. This aims to enhance transparency and audibility in AI systems.

Meanwhile, Casper’s value is $0.041029 after climbing by 1.21% to hit a trading volume of $8.85 million. Moreover, it boasts a market cap of $481.32 million, holding a 0.03% market dominance. 

Over the past year, Casper has seen an impressive 16% price increase, topping 53% of the top 100 tokens. Notably, it trades above the 200-day simple moving average, signaling positive performance compared to its token sale price.

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— Casper (@Casper_Network) January 22, 2024

Furthermore, Casper’s circulating supply is robust at 11.73 billion CSPR, boosting market value. Besides, the yearly supply inflation rate was 9.84%, creating 1.05 billion CSPR in the last year. Plus, the sentiment analysis for Casper’s price prediction currently leans neutral. This aligns with a Fear & Greed Index of 50 (Neutral), indicating a balanced market sentiment.

7. Sponge V2 ($SPONGE V2)

Traders are watching Sponge V2, a substantial upgrade that outshines its predecessor, Sponge V1. Positioned strategically in a bullish market, Sponge V2 enhances the foundation laid by V1 by introducing Play-to-Earn (P2E) functionality to the Sponge Ecosystem.

Sponge initiates a presale to ensure a smooth transition, granting users exclusive access to bonuses and involvement in an automatic staking system. This strategic move aims to engage the existing community while actively enticing new participants.

Exciting news, #SPONGERS! 🔥🔥

There are now over 5,627,448,685 $SPONGE tokens staked with a value of $5,445,468.33 🤯🧽🧽

Stake your tokens now to enjoy our current APY of +280%!

GO GO GO 🚀#SpongeV2 #Crypto #100x #Bullish pic.twitter.com/PsD2Sycxjj

— $SPONGE (@spongeoneth) January 22, 2024

Furthermore, Sponge’s trajectory has been undeniably impressive, starting with an initial valuation of $1 million. Along the same lines, Sponge V2 experienced a significant surge, reaching a peak market capitalization. This amount exceeded $100 million in 2023 and ultimately stabilized at a commendable $16 million.

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Top 10+ Crypto Gainers Today