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Bitcoin has just hit a new all-time high, reaching $77,000, thanks to Donald Trump’s reelection and growing support from the crypto community. With a remarkable 113,011% surge since 2013, Bitcoin’s rise shows no signs of slowing. Some experts even predict it could soon surpass $100,000.
Meanwhile, altcoins like Drift, Internet Computer, Helium, and Algorand are riding the momentum, posting impressive gains of their own. As Bitcoin continues to lead the charge, investors have exciting opportunities to tap into the growing potential of these rising tokens.
Biggest Crypto Gainers Today – Top List
Today’s top crypto gainers are seeing impressive growth fueled by exciting developments. Drift leads with a 281.65% surge, fueled by its new exchange listing. Next, Internet Computer climbs 7.78%, driven by a massive boost in cross-chain protocol activity. Helium follows with an 8.42% rise after expanding its reach through MoonPay. Finally, Algorand jumps 6.53% as excitement builds around its upcoming staking rewards. Explore our analysis of these tokens to uncover the factors driving their impressive gains.
1. Drift (DRIFT)
Today’s top crypto gainer, Drift, is making headlines with an impressive 281.65% price surge over the last 24 hours, driven by exciting recent news. Upbit, South Korea’s largest crypto exchange, announced it would launch DRIFT trading pairs for the Korean Won, BTC, and USDT, with trading available starting November 8 at 18:00 KST.
As a result, this listing significantly boosts exposure for Drift Protocol, which was already listed on Coinbase and Bybit. This marks another milestone for one of Solana’s largest open-source perpetual futures, DEXs.
Looking at its market performance, Drift’s high liquidity, with a market cap-to-volume ratio of 7.9387, supports its surge, showcasing its ability to handle large trading volumes. However, its 14-day RSI at 100 suggests an overbought condition, possibly leading to short-term price corrections. Still, its strong momentum continues to attract investors seeking fast market movement.
Upbit, South Korea's largest crypto exchange, will launch DRIFT Korean Won, BTC, and USDT trading pairs. Drift Protocol is one of the largest open source perpetual futures DEXs on Solana and has previously been listed on Coinbase. https://t.co/Ll2KjVVx9a
— Wu Blockchain (@WuBlockchain) November 8, 2024
Despite potential volatility, Drift benefits from Solana’s low transaction costs and high-speed operations. Its fully on-chain design ensures transparency and efficiency for traders, making it an appealing choice in the DeFi space. With these factors combined, DRIFT’s future outlook remains promising as it gains global attention.
2. Internet Computer (ICP)
Internet Computer is making a strong impression today, climbing 7.78% to secure its spot as the second top gainer. This surge follows exciting news from the DFINITY Foundation’s 2024 Ecosystem Report, revealing a staggering 1,230% rise in the Chain Fusion protocol activity. Impressively, this protocol enables ICP to connect seamlessly with major blockchains like Bitcoin and Ethereum.
This growth highlights the rising demand for cross-chain solutions and dApps. As developers look to leverage multiple blockchains, ICP’s unique infrastructure positions it as a leader in the space. With increasing adoption, ICP shows strong potential, making it a token to watch.
The highly anticipated #ICP Chain Fusion Ecosystem Report is here
📈 150% surge in network activity
👨💻 30% more full-time devs
🔗 2 dozen+ chains supportedChain Fusion powers multichain dapps across DeFi, Bitcoin, AI onchain, and more
Download Report👇 https://t.co/KHwcuq9N58 pic.twitter.com/9b9RACBdB9
— DFINITY (@dfinity) November 7, 2024
The ICP token benefits from this momentum, with its price climbing to $8.28. With a solid liquidity ratio of 0.0711, the token attracts traders. Despite being in neutral territory according to its 14-day Relative Strength Index (RSI), ICP’s market activity is growing. The increase in developer interest, reflected in a 30% rise in full-time developers, signals strong future potential.
Looking ahead, ICP’s long-term outlook is bright. The token has soared by 101% in the past year, outpacing 61% of the top 100 crypto assets. With rising cross-chain adoption, ICP is primed for even greater growth.
3. Crypto All-Stars (STARS)
Crypto All-Stars has raised over $3 million in its presale, with its meme coin staking platform launching at a critical time. The surge in interest comes as Bitcoin ($BTC) reached an all-time high and Donald Trump reclaimed the U.S. presidency, sparking a wave of optimism in the market.
Meme coins have followed Bitcoin’s lead, collectively hitting a market cap of over $68 billion. The Crypto All-Stars project is tapping into this momentum with its MemeVault staking protocol, offering investors a way to earn rewards by staking popular meme coins together.
MemeVault simplifies staking by allowing investors to pool their meme coin holdings in one place, streamlining the process and boosting returns. The $STARS token is key to maximizing these rewards, offering stakers up to three times the returns simply by holding it. As the presale continues, $STARS is available at a discounted price, but this won’t last long. Soon, the price will increase as the next round of funding begins, making this a prime opportunity for early investors.
As MemeVault’s launch nears, $STARS holders stand to earn even more through its 505% APY staking protocol, with 72% of presale tokens already staked. With a large portion of tokens staked, Crypto All-Stars is set for continued growth as MemeVault’s launch draws closer.
Visit Crypto All-Stars Presale
4. Helium (HNT)
Helium is today’s third top crypto gainer, with an 8.42% surge in the last 24 hours. This price increase follows exciting news: Helium is now available on MoonPay, allowing users worldwide to purchase $HNT, with U.S. access coming soon. This expansion is seen as a significant move in broadening the token’s reach, especially within the growing IoT space.
At $6.63, this gainer’s resilience speaks volumes about its potential for long-term growth. It is trading 194.49% above its 200-day simple moving average of $2.25, reflecting solid momentum. Over the past year, the price has surged by 273%, outperforming 81% of the top 100 crypto assets. This positions Helium as an impressive player within the broader crypto market.
In the short term, Helium brings moderate liquidity to the table, boasting a market cap-to-volume ratio of 0.0226. However, its 14-day RSI at 74.77 indicates that it may be overbought, suggesting potential for price adjustments. Despite this, Helium’s steady performance over the past 30 days, with 50% green days, indicates consistent market interest.
🎈 Helium has landed on MoonPay🎈$HNT can now be purchased worldwide, with U.S. access coming soon!
It's time to expand the Solana universe. pic.twitter.com/N6foyIPxYL
— MoonPay 🟣 (@moonpay) November 8, 2024
With its decentralized IoT network and innovative proof-of-coverage mechanism, Helium continues to attract attention from both investors and IoT device owners. Its strong price growth and new market access make it an appealing choice for those looking to capitalize on the intersection of crypto and IoT.
5. Algorand (ALGO)
Algorand rounds out today’s list of top crypto gainers, posting a 6.53% surge over the past 24 hours to reach $0.128774. This recent price increase comes on the heels of big news for ALGO holders: staking rewards are set to launch in early December. For the first time, Algorand will allow users to earn rewards by running nodes or staking their ALGO, contributing to the network’s security and decentralization.
Staking on this network offers impressive flexibility—unlike others, there’s no lockup period, so users maintain full control of their tokens. Plus, there’s no slashing risk; inactive nodes miss out on rewards without penalties.
Staking Rewards are coming to Algorand in early December!
For the first time ever—you can collect rewards for running nodes or staking Algo, doing your part to secure the network.
Why stake on Algorand?
Key benefits 👇
1. No slashing risk ✂️
Staked Algo is not subject to… pic.twitter.com/rIRQMznRT9
— Algorand Foundation (@AlgoFoundation) November 7, 2024
Even better, running a node is affordable, requiring just 16GB of RAM, a fast SSD, and a reliable internet connection. Rewards come every 2.8 seconds, creating a steady income stream with 10 ALGO plus 50% of transaction fees per block.
Despite trading 29.92% below its 200-day moving average, Algorand has maintained a steady presence in the market. Its 30-day volatility is stable at 4%, and its high liquidity (0.1576 volume-to-market cap ratio) indicates healthy investor interest. ALGO has seen a 5% price increase in the past year, demonstrating resilience in a volatile market. With a neutral RSI of 58.22, Algorand may see further steady movement as staking excitement grows.
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