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Top Crypto Gainers Today Nov 2 – JUST, Status, Qtum, NEO

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In the past 24 hours, JUST, Status, Qtum, and NEO have been making waves in the crypto market. Insidebitcoins offers insight into their impressive price surges and potential investment opportunities. 

The global cryptocurrency trading decreased by 6.05%, reaching $38.28. Notably, the decentralized finance (DeFi) sector contributes $3.74 billion to this daily volume, accounting for 9.76% of the total cryptocurrency market’s 24-hour trading activity. This highlights the growing influence of DeFi within the cryptocurrency space.

Biggest Crypto Gainers Today – Top List

The cryptocurrency market data portrays a stable market cap with a modest increase, a notable surge in trading volume, the growing influence of DeFi, and the continued significance of stablecoins. Bitcoin’s dominance remains relatively steady, reflecting the evolving dynamics within the cryptocurrency landscape. 

1. Status (SNT)

Status (SNT), a cryptocurrency of growing interest to enthusiasts and investors, has experienced a noteworthy resurgence within the crypto market. In the past 24 hours, the SNT token’s price surged by an impressive +108%, placing it #1 on the list of top crypto gainers today. 

SNT PRICE CHART

Thus reaching $0.06069 and boasting a substantial market capitalization of $117 million. Additionally, the trading volume for SNT has seen a staggering 11573.58% intraday increase, according to data from CoinMarketCap.

Status’ recent uptick can be credited to its breakout from a symmetrical triangle pattern. This pattern formed over time, generating anticipation and speculation within the crypto community. On October 25, the SNT token decisively surpassed its resistance level, previously set at $0.02879.

Following the breakout, there was a five-day testing period to assess the sustainability of the upward momentum. Subsequently, the price of the SNT token surged to its current value, marking a significant revival in its market performance.

2. JUST (JST)

JST currently trades at $0.037893 with a 24-hour trading volume of $102,735,391. Over the past 24 hours, it has seen a 29.20% increase in value, indicative of market volatility. Furthermore, the coin is #2 among the top crypto gainers today, with a market capitalization of $337,325,877.

JST PRICE CHART

The JUST protocol offers users a secure environment for trading, mining, and campaign participation. Moreover, the project aims for future growth, driven by the efforts of the network’s developers and community investors.

Predictions suggest JST’s value to reach around $0.072 by year’s end. Nonetheless, the expected average trading price in 2023 is approximately $0.066. These estimations are, however, contingent upon the broader cryptocurrency market maintaining a positive trajectory.

3. Qtum (QTUM)

Qtum sits #3 on the list of top crypto gainers today, with a value of $3.20. Over the last 24 hours, Qtum has experienced a 9.27% price increase, resulting in a market capitalization of $327,966. 

QTUM PRICE CHART

Moreover, the trading volume has surged by 42.15% to reach $64,338,059, and the Volume/Market cap ratio stands at 18.44%. Qtum also boasts a circulating supply of 104,755,842 QTUM tokens, with a maximum supply of 107,822,406.

Some experts see promise in Qtum as a cryptocurrency in the current market. However, it is prudent to approach these predictions with caution. According to one price forecast, Qtum is expected to maintain a maximum price of around $4.94 as the overall crypto market stages a recovery. However, the projected average price for the same period is $4.36. 

 4. TG.Casino (TGC)

At the time of writing, TG.Casino is on track as predicted, holding the 4th position among the top crypto gainers today. It has successfully raised over $1,616,025, with its native token, TGC, priced at $0.1375. The project’s overarching goal is to reach $2,500,000, and there is an opportunity to participate in its ongoing pre-sale with the clock counting down.

The $TGC tokens, available in the pre-sale, serve a dual purpose at the heart of the project. These tokens offer staking rewards that exceed an impressive 3,000% Annual Percentage Yield (APY).

In addition, they play a pivotal role in a profit-sharing scheme that includes token buybacks. This dual utility can be an enticing proposition for potential investors.

5. NEO (NEO)

NEO has consolidated on its rally, securing the fifth position among the top gainers today. The token’s price has increased by 8.87%, currently at $9.52. This price surge is further corroborated by a substantial 68% uptick in trading volume, now at $79,849,217. Over the week, NEO has seen gains exceeding 23%, indicating a significant upward trend.

NEO PRICE CHART

It’s important to highlight that NEO’s current price level is the highest it has reached since early August. This notable growth trend has raised questions regarding the specific drivers behind NEO’s recent bullish performance.

 

One contributing factor to NEO’s positive performance is the broader market’s resurgence observed over the past week. However, a more comprehensive analysis is required to understand the specific drivers behind NEO’s recent success.

A notable development in NEO’s recent activities is its plan to launch a MEVFree Ethereum Virtual Machine (EVM) sidechain. This initiative addresses critical concerns within the decentralized finance (DeFi) landscape, particularly security, privacy, and user experience. It represents a significant step towards enhancing the DeFi ecosystem, and its impact on NEO’s performance warrants close monitoring and analysis.

6. Solana (SOL)

Solana (SOL) is trading at $39.26, boasting a 24-hour trading volume of $1,734,905,335. The coin has experienced an 8.73%  intraday increase in value, elevating its market capitalization by 10.02% to reach $16,650,693,550. 

SOL PRICE CHART

Furthermore, the trading volume has witnessed a substantial 35.80% surge, totalling $1,745,695,781. Moreover, the Volume/Market cap ratio has risen by 10.54%. It’s noteworthy that the circulating supply of SOL stands at 419,441,123 out of 561,425,642 SOL.

Over the preceding two months, specifically September and October, Solana has demonstrated remarkable strength. The token has surpassed critical resistance levels at $25, $28, $30, and most recently at $35. Over this period, SOL has recorded an impressive 88% price increase from September 1 to October 31. A substantial 56% of these gains were achieved in the last 30 days, leading to the current price of $39.

A positive indicator for Solana is the occurrence of a bullish cross, a technical signal that has boosted investor confidence. This implies that SOL may be on track to reach $40 and could set its sights on $50 in the short term.

7. Threshold (T)

Threshold (T) currently trades at $0.024686, with a 24-hour trading volume of $125,698,992. Over the past 24 hours, Threshold has shown a 9.99% increase in value. This increase has resulted in a 10.12% boost in its market capitalization, now at $229,024,966. 

T PRICE CHART

Likewise, the 24-hour trading volume has seen a substantial surge of 675.10%, reaching $132,026,045. In addition, the Volume/Market cap ratio in the last 24 hours is 54.68%. Similarly, the circulating supply of Threshold tokens is 9,312,266,778 T, accounting for 88.56% of the total supply.

Regarding price projections, the maximum price for the T Coin may reach $0.074 by the end of 2023. Also, the estimated average trading price for the Threshold token in 2023 is expected to hover around $0.068. These projections and price increases have seen Threshold placed #7 among the top crypto gainers today.

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