January’s top gainers had to navigate a turbulent crypto market.<\/p>\n
The month kicked off with a raging bull market only for the approval of spot Bitcoin ETFs (exchange-traded funds) just 10 days into the year to trigger a sharp selloff that was followed in the past week by a strong comeback.<\/p>\n
While the S&P Cryptocurrency Broad Digital Market Index shows the outcome was a meager 1.5%<\/a> rise for crypto markets overall in January, there were nonetheless some standout performers.<\/p>\n Here are the five top gainers among the top 100 cryptos by market capitalisation, as measured by CoinMarketCap, at around noon EST:<\/p>\n Pendle (PENDLE) <\/strong>led the charge by surging more than 126% to $2.72, reflecting growing confidence among traders in its potential for yield optimization in DeFi. It secured a partnership during the month with Ondo Finance, a Coinbase protocol.<\/span><\/p>\n Not far behind was Sui (SUI)<\/strong>, which soared about 99% to reach $1.60. Sui’s pump can be attributed at least in part to the launch of fiat-to-SUI ramps by Banxa.<\/span><\/p>\n Fiat on-ramps for Sui are coming thanks to @BanxaOfficial<\/a>! <\/p>\n Banxa will be adding the SUI token to its platform and @Mysten_Labs<\/a>’ Sui Wallet will give users the opportunity to purchase SUI tokens through Banxa’s on-ramp. https:\/\/t.co\/1jIOMYjK7r<\/a><\/p>\n — Sui (@SuiNetwork) January 29, 2024<\/a><\/p><\/blockquote>\nJanuary’s Top Gainers<\/h2>\n
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