Top Crypto Gainers Today Oct 26 - Gala, Liquity, The Graph, Floki

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Stay updated on the latest crypto market movements. On October 26, 2023, Gala, Liquity, The Graph, and Floki emerged as top crypto gainers today, offering exciting opportunities for cryptocurrency enthusiasts and investors.

The volume of stablecoins has surged to $46.55 billion, representing 89.82% of the total crypto market’s 24-hour trading volume. This is noteworthy, as stablecoins are often employed to preserve value or facilitate trading.

Shifting focus to Bitcoin, its market dominance currently stands at 52.87%, marking a marginal decrease of 0.29% throughout the day. This information may indicate shifts in investor sentiment or evolving market dynamics related to Bitcoin.

Biggest Crypto Gainers Today – Top List

However, the total intraday trading volume in the cryptocurrency market has decreased by 18.22%, settling at $51.83 billion. This reduced trading activity points to a degree of caution among market participants.

1. Gala (GALA)

The top crypto gainers today list sees Gala placed #1 with an intraday increase of 28.65%. The coin’s value is $0.019700, boasting a 24-hour trading volume of $276,325,463. Furthermore, it has a live market capitalization of $497,126,459, a 25.97% rise from the last 24 hours.

Likewise, the circulating supply is 25,234,670,699 GALA coins, while the maximum supply is capped at 50,000,000,000 GALA coins. Gala Games differentiates itself in Web3 and gaming through a wealth of experience from notable game developers.

Their “games-first” approach prioritizes delivering an exceptional gaming experience. This commitment to enhancing gameplay separates Gala Games from other projects in the space.

First Manager of Tupac, Leila Steinberg joins the Table | PokerGo Play Sessions https://t.co/mftiNGyRBA

— Gala Games (@GoGalaGames) October 26, 2023

In summary, Gala Games offers a unique approach that combines gaming and Web3 technologies. They focus on delivering an outstanding gaming experience. In addition, they aim to ease the onboarding process for gamers. Thus making them a project worth considering in the ever-evolving blockchain and gaming landscape.

2. Liquity (LQTY)

Liquity (LQTY) currently trades at $1.9040, with a market capitalization of $179,178,369. A 534% intraday rise in the trading volume places the token #2 on the list of top crypto gainers today.

Moreover, Liquity’s Total Value Locked (TVL) currently stands at $653,102,268, and the market cap to TVL ratio is approximately 0.28081848. This ratio evaluates the protocol’s valuation relative to the total assets it secures.

ICYMI, you can now access Liquity through @Starknet & save up on those gas fees ⛽! https://t.co/jG8d1vitj2

— Liquity (@LiquityProtocol) October 25, 2023

Projections suggest that Liquity’s price may reach an average of $4.21 by 2023, contingent on an overall crypto market recovery. However, if the market experiences a significant bearish trend, the price could drop to a minimum of $3.64 by 2023.

3. FLOKI (FLOKI)

Floki Inu (FLOKI), one of the prominent meme coins, recently saw an almost 10% increase in value following the announcement of their new token and platform. This new token aims to focus on tokenizing real-world assets. As such, this sector has garnered increased interest and demonstrated its influence by boosting the prices of TRB and LINK Coin by more than 100%.

Moreover, Floki Inu’s distinct approach lies in its attempt to merge meme culture with utility. The project’s long-term vision revolves around establishing an autonomous and decentralized ecosystem. This entails forming strategic partnerships and enhancing the intrinsic utility of the token. Similarly, it fosters use cases for the Floki brand, including NFTs, gaming, and decentralized finance features.

FLOKI LAUNCHES TOKENFI (with "TOKEN" ticker) TO CAPITALIZE ON THE TRILLION-DOLLAR TOKENIZATION INDUSTRY

Floki has launched a crypto and asset tokenization platform named @TokenFi to capitalize on the trillion-dollar tokenization industry.

The tokenization industry is projected… pic.twitter.com/lCPo1fUDGp

— FLOKI (@RealFlokiInu) October 26, 2023

FLOKI is trading at $0.000032, with a 24-hour trading volume of $185,822,079. The coin has experienced a 26.28% increase in the past 24 hours, placing it #3 on the list of top crypto gainers today. Also, the live market cap is pegged at $300,329,038, signaling a 334% intraday increase.

4. FTX Token (FTT)

FTX Token is also on the list of the top crypto gainers today. The coin currently trades at $1.32, with a 24-hour trading volume of $70,877,325. Thus, it is #4 on the top gainers list with a market cap of $433,738,484. Likewise, FTT has a circulating supply of 328,895,104 coins and a maximum supply of 352,170,015.

Launched as the native cryptocurrency of the FTX trading platform, FTT has introduced an interesting feature in the form of leveraged tokens. These tokens allow traders to establish leveraged positions without margin trading.

In 2021, FTT achieved notable growth in the crypto market, particularly in September, when it reached an all-time high (ATH) price of $85.02. However, since then, its performance has been largely bearish, highlighting the inherent volatility in the cryptocurrency market.

(1/4) The Debtors’ 10/17 press release stated that customers will receive over 90% of distributable value, but the eventual amount of that distributable value is presently unknown at this time.

— FTX (@FTX_Official) October 18, 2023

In summary, FTX Token (FTT) offers leveraged tokens as a unique feature for traders, providing them with an alternative to margin trading. The cryptocurrency has had a significant growth phase but has also experienced notable price declines. As with any cryptocurrency investment, potential investors should conduct thorough research and consider the associated risks before trading or investing in FTT.

5. Pepe (PEPE)

In recent news, the PEPE cryptocurrency, known for its association with internet memes, has displayed a surge in market performance. Over the past week, PEPE has experienced a substantial 93% price increase, reaching a two-month high.

Thus occupying the fifth position among the top crypto gainers today. This PEPE surge aligns closely with the broader positive market sentiment, primarily driven by Bitcoin’s rise above the $35,000 mark.

142,069 $PEPE pic.twitter.com/B0tp66Oq4u

— Pepe (@pepecoineth) October 25, 2023

Furthermore, PEPE recently executed a token burn to address concerns related to the significant token holdings of the PEPE team. With 3.79 trillion tokens under their control, the team reduced this quantity to reassure the community. PEPE currently trades at $0.000001, with a 24-hour trading volume of $434,397,003. Over the last 24 hours, PEPE has seen an increase of 8.99%.

6. The Graph (GRT)

GRT has recently attracted the attention of altcoin investors owing to its growing adoption within the Web3 and DeFi ecosystems. The Graph has successfully developed an open data layer accessible to DeFi developers. This development has contributed to establishing a robust ecosystem, fostering a positive outlook for GRT’s future.

Despite being relatively new in the world of altcoins, the Graph appears well-positioned for significant growth. Moreover, analysts have proposed that GRT could experience a substantial increase, possibly up to 100 times, during the next bull run. This anticipated growth is underpinned by the increasing demand for GRT within the DeFi and Web3 projects ecosystem.

The live price of the Graph is $0.100628, and the 24-hour trading volume stands at $116,984,404. Also, GRT shows a live market capitalization of $933,146,680, with the circulating supply at 9,273,252,348 GRT coins. The factors place coin #6 on the list of top crypto gainers today.

7. Spongebob ($SPONGE)

Over the past seven days, the price of $SPONGE has surged by 26%, reaching $0.000117. This increase is attributed to the recent announcement of an upcoming staking service on November 1st. Moreover, the development aligns well with the meme coin sector’s rally and the broader cryptocurrency market, further fueling interest in $SPONGE.

Here we GOOOOOOO 🧽🧽🧽💦💦

Check out this new article on @cryptonews 🔥https://t.co/77XBSyWIGy #SPONGE $SPONGE #Staking #Web3

— $SPONGE (@spongeoneth) October 26, 2023

$SPONGE reached an all-time high (ATH) of $0.0023 five months after its launch. While its value has retreated since then, reports suggest that there are concerted efforts to reclaim that peak value from within the project. According to DEXTools, $SPONGE currently holds a modest market cap of $2.74 million despite having $3.4 million in liquidity and 11,400 holders.

Hence, holders and liquidity miners remain optimistic about $SPONGE’s potential despite the fluctuations. Also, the introduction of the staking feature has already lured in new buyers. This trend is expected to persist with the staking service’s launch, driven by continuous product development and potential partnerships.

Moreover, the project exhibits potential for a resurgence to its all-time high price of $0.0023, representing over 20 times the current value. With additional product updates in the pipeline, the 20-fold gain projection could be considered a conservative estimate, particularly as the altcoin season gains traction.