Markets
Top Crypto Gainers and Losers of the Day
The crypto market finally turned the tables today, driving up cryptocurrency prices and catching the attention of crypto earners. Furthermore, the fear and greed index reported a greedy sentiment among investors, which came after weeks of neutral sentiments haunting the market.
For now, the crypto market heat map is stained green, indicating price recoveries for most cryptocurrencies. Therefore, in this blog, we will discuss the top crypto gainers and losers to better understand market conditions.
Top Crypto Gainers of the Day
The list of crypto winners is long today as greedy sentiments have brought big gains to crypto assets. Among these crypto gainers, Fantom, SEI, and Immutable are performing the best, leaving popular cryptocurrencies behind.
1.Fantom (FTM)
Ghost is the biggest crypto gainer of the day, with its 23% increase pushing the value to $0.8137 with a market cap of $2,284,183,845. FTM has been growing for days, not just today, causing an increase in transactions in the market. As a result, 24-hour trading volume increased by 320%, bringing the value to $513,322,667.
2.Sei (SEI)
SEI is the second biggest gainer of the day, up 22% in the last 24 hours. This increase comes after a large decline in SEI Prices earlier. At the time of writing, it is currently trading at $0.5632 with a market cap of $1,647,474,194. Furthermore, there is an increase in its transactions, which increased its trading volume to US$291,361,244.
3.Immutable (IMX)
Immutable, a layered solution for NFTs is in the attention of investors because of its 18% rally in the last 24 hours, pushing the value to $2.40. IMX has a market cap of $3,495,185,828 with a trading volume of $190,172,544 after a 205% increase.
Top Crypto Losers of the Day
Despite the bullish performance of the crypto market, some cryptocurrencies have failed to maintain their gains. The list of these crypto losers includes PEPE, Toncoin, FLOKI and many others. However, what is more interesting is that all three of these tokens were bullish and crypto gainers previously when the market was low, but declined as the market recovered.
1.PEPE (PEPE)
After setting a new all-time high of $0.00001156 yesterday, PEPE started to fall despite the greed zone. PEPE Price is currently trading at $0.00001056 after facing a decline of 5.56%. Its market value and trading volume also decreased by 5.63% and 27.46%, reducing values to US$4,450,499,207 and US$2,535,816,170.
2. Toncoin (TON)
On the list of biggest losers, Toncoin also conquered its space, despite having appeared much earlier. It has fallen by 5.32% in the last 24 hours and is currently trading at $6.52 with a market cap of $22,627,955,193. However, demand for the token is still persistent as trading volume has increased by 36%, bringing the value to $553,371,660.
3.Floki (FLOKI)
The fall of the FLOKI meme coin was quite random as it was performing well until recently. At the time of writing, FLOKI is trading at $0.0002122 after a 4% drop and has a market cap of $2,028,328,144. Furthermore, its trading volume also fell by 10%, reducing the value to US$846,316,033.
Final thought
2024 started with a bull market situation that continued for months before falling in April. For almost a month and a half, the cryptocurrency market has experienced many instability and volatility issues, causing regular fluctuations in cryptocurrency prices. Finally, the market showed signs of recovery where multiple cryptocurrencies have emerged as the crypto winners.
✓ Share:
With years of love for reading and 5 years of content writing experience, here I am, working on my favorite writings about cryptocurrency. I am actively looking for trending topics and informative statistics to select the best content for crypto enthusiasts. Staying up to date with trends and learning the basics and advances in this area is the best part of the day.
The content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.