{"id":371247,"date":"2023-01-24T13:32:58","date_gmt":"2023-01-24T18:32:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=371247"},"modified":"2023-01-31T06:37:30","modified_gmt":"2023-01-31T11:37:30","slug":"biggest-crypto-gainers-today-january-24-gmt-ldo-memag-fght-cchg-taro","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/biggest-crypto-gainers-today-january-24-gmt-ldo-memag-fght-cchg-taro","title":{"rendered":"Biggest Crypto Gainers Today January 24 – GMT, LDO, MEMAG, FGHT, CCHG, TARO"},"content":{"rendered":"

The cryptocurrency market recently crossed $1 trillion in market cap which was last seen in September 2022. It also gave a pull to many of the tokens and they saw a rise in their prices. Today, we’ll selectively take a look at some of the biggest gainers along with a few crypto projects currently in their presale, believed to offer an exponential return in the future.<\/p>\n

Biggest Crypto Gainers Today – January 24 <\/strong><\/h2>\n

1. STEPN (GMT)<\/strong><\/h3>\n

STEPN (GMT) recently underwent a rally in the cryptocurrency market. The rally is unexpected due to the fact that many NFT-related projects have lost value and are not receiving fresh funding. However, STEPN has seen significant gains, increasing over 140% in value since the beginning of the market recovery.<\/p>\n

The rally is attributed to the recovery of the NFT and DeFi<\/a> industries, as well as the overall recovery of the cryptocurrency market, and the high volatility of the assets.<\/p>\n

Technical indicators suggest that the token could potentially double its value in the coming weeks due to a breakout from a falling wedge, a bullish reversal pattern. However, it is uncertain how long the recovery rally will last and if the token will be able to break through the resistance level at $0.6-0.7. The STEPN project is part of play-to-earn gaming and could have caught the bullish drift, but it did not have any strong fundamental news to push the rally.<\/p>\n

\"StepN<\/p>\n

For those unaware, STEPN is a mobile game that utilizes non-fungible tokens (NFTs) on the Solana<\/a> blockchain to reward players for walking, jogging, or running outdoors. The game was created by Australian fintech firm Satoshi Lab and aims to inspire healthier lifestyles and promote carbon neutrality.<\/p>\n

Players must sign up for the game and connect their wallets to purchase NFT sneakers, which have various attributes such as resilience, efficiency, and comfort, and have a limited energy cap.<\/p>\n

The STEPN ecosystem has two tokens: the Green Satoshi token (GST) and the Green Metaverse Token (GMT) which is the governance token with a limited supply of 6 billion. Users can earn GST tokens and buy, sell, or lease NFT sneakers on the marketplace.<\/p>\n

2. Lido DAO (LDO) <\/strong><\/h3>\n

The Lido project aims to increase market liquidity through the creation and distribution of derivative tokens. These tokens can be staked on popular DeFi platforms like Yearn, Curve, and Maker, and the goal of the project is to make staking more accessible and efficient for crypto traders.<\/p>\n

The Lido DAO (Decentralized Autonomous Organization) governs the platform and assigns voting rights to its offerings with its native token, LDO. The current price of Lido DAO is $2.65 and according to coinmarketcap.com, the price of the Lido DAO Token is expected to reach $2.92 by January 26, 2023, with a rise of 10% in three days. However, it’s important to note that the crypto market is known for its volatility and unpredictability and so the price could act differently.<\/p>\n

\"Lido<\/p>\n

As far as fundamentals go, the success of the Lido project lies in its ability to allow users to earn liquid staking rewards for Ethereum 2.0 without having to maintain stake infrastructure. The Lido DAO has a track record of excellence and is made up of notable investors and members from the DeFi space, including Semantic VC, ParaFi Capital, Libertus Capital, and more.<\/p>\n

fwit<\/p>\n

In terms of investment, the Lido protocol already has the most staked ETH tokens, but there is still room for growth. The Lido DAO’s governance structure and its ability to change without affecting other platform features, make it a strong candidate for long-term investment.<\/p>\n

3. Meta Masters Guild (MEMAG) <\/strong><\/h3>\n

Meta Masters Guild<\/a>, a play-to-earn crypto project, is currently undergoing a seven-stage presale of their token $MEMAG. The fundraising has a relatively modest goal of raising $4.97 million and aims to create the most sustainable play-to-earn crypto in the space.<\/p>\n

The goal of the project is to surpass the accomplishments of Axie Infinity by establishing a platform and model focused on sustained growth. The team is avoiding models driven by short-term economic gains that attract speculative investors seeking quick profits without any commitment to or involvement in the game.<\/p>\n

The first game, Meta Kart Racers, will be the key to achieving this goal. It will be free-to-play while incorporating a range of play-and-earn options and will be released on mobile platforms with a browser version as well. MEMAG and Gems tokens can be used to buy and upgrade drivers and karts available in the Meta Masters Guild Store.<\/p>\n

\"MEMAG<\/p>\n

With a goal to become the world’s biggest mobile-focused casual gaming crypto games platform, Meta Masters Guild has the potential to become this year’s fastest-growing play-to-earn cryptocurrency with 10x potential.<\/p>\n

Ideally, the Meta Kart Racers game could become one of the most played crypto games of 2023 and beyond, as it has a huge market potential in the racing games segment, which generated billions in 2022 alone.<\/p>\n

Popular Crypto YouTuber Jacob Bury has posted a detailed video about the MEMAG project.<\/p>\n