Breaking down today’s cryptocurrency market, around 27% of digital currencies are in the green. The top crypto gainer of the day is Dogwifhat, which has shown an impressive 88.49% gain in the last 24 hours. Conversely, Akash Network takes the spotlight as the biggest loser, with an 8.19% drop during the same period.

Biggest Crypto Gainers Today – Top List

Bitcoin recently increased by 6.7%, hitting $49,021 at its peak before easing back. This price jump is connected to the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC). The SEC gave the green light after the markets closed on Wednesday.

1. Jito (JTO)

Jito hits the top crypto gainers today at $1.936875, marking a 24.89% surge within 24 hours. The cryptocurrency’s trading volume over this period stands impressively at $542.51 million. This contributes to a market cap of $227.00 million and a market dominance of 0.01%.

Presently, market sentiment for Jito’s price prediction leans bearish. Moreover, the Fear & Greed Index hit 76, reflecting an extreme level of greed in the market.

We sat down with Jito contributor @buffalu__ to find out how the Jito client is improving @solana for the everyday user.

This is what he had to say. #DemocratizeMEV pic.twitter.com/BeFQAsQENG

— Jito (@jito_sol) January 9, 2024

Furthermore, Jito’s circulating supply is currently at 117.20 million JTO out of a maximum supply of 1.00 billion JTO. In addition, it is positioned as the 26th in the DeFi Coins sector and holds the third spot in the Solana Network sector by market cap. Jito underscores its robust liquidity, driven by its market capitalization.

2. Flow (FLOW)

Flow is observed at a trading price of $0.901413, displaying a 22.14% increase in the last 24 hours. Analyzing key highlights, Flow increased by 14% in the previous year and is trading above the 200-day simple moving average. Also, performance in comparison to the token sale price has been positive. 

Over the past 30 days, there have been 16 green days, constituting 53% of the observed period. This reflects a prevailing bullish sentiment and places the coin among the top crypto gainers today. Meanwhile, the Fear & Greed Index currently indicates a value of 76, signifying extreme greed in the market.

Gm ☕️

If you’re a dev #onFlow, then join us tomorrow for the Smart Contract Open House call!

🗓️ 9am PT, 9th Jan., 2024

This call will be dedicated to discussing V2 Token Standards for Cadence 1.0. You can find the detailed topic list & the link for your calendar below ⤵️

— Flow 🌊 (@flow_blockchain) January 8, 2024

Furthermore, Flow has a trading volume of $194.16 million. This marks a market capitalization of $1.34 billion and a market dominance of 0.07%. Moreover, Flow’s circulating supply is 1.48 billion FLOW out of a maximum supply of 1.37 billion FLOW. Over the past year, the yearly supply inflation rate has stood at 43.05%, creating 446.09 million FLOW. 

3. NEAR Protocol (NEAR)

NEAR has shown an impressive growth of 135% in the past year, ranking above 68% of the top 100 crypto assets. Notably, NEAR has outpaced both Bitcoin and Ethereum in this period. The coin’s current value is $3.73, with a market cap of $4.17 billion and a market dominance of 0.21%.

From a technical standpoint, NEAR Protocol is doing well, positioned above its 200-day simple moving average, indicating positive market sentiment. Looking at recent trading trends, 16 positive days out of the last 30 have resulted in a 53% positive trading frequency, showing consistent market activity.

Calling all devs!

Build on NEAR with ease.

Robust developer stack supports Rust, JavaScript, and Solidity on @auroraisnear

Seamless tools, blockchain data indexing, and a decentralized front-end make app creation a breeze. 🤠 pic.twitter.com/zZhLeJI6Nr

— NEAR Protocol (@NEARProtocol) January 10, 2024

Moreover, the NEAR Protocol boasts significant liquidity, as reflected in its market cap, indicating substantial tradable assets. The Fear & Greed Index, currently at 76, suggests a prevailing bullish sentiment, highlighting market confidence.

4. Arweave (AR)

Arweave makes another entry into the top crypto gainers today, trading at $9.45. AR has increased by 15.72, reaching an intraday value of $72.42 million. Therefore, this contributes to an overall market capitalization of $618.39 million. Despite being the 45th-ranked cryptocurrency in the Layer 1 sector, Arweave maintains a relatively modest market dominance of 0.03%.

Furthermore, investors can be optimistic as Arweave’s price prediction leans towards a bullish sentiment. AR’s Fear & Greed Index reading of 76 mirrors the market’s extreme greed. In particular, Arweave’s circulating supply stands at 65.45 million out of a maximum supply of 66.00 million. 

We now have a choice of where to put our most valued data: the increasingly centralized internet or utilize Arweave and the Permaweb. pic.twitter.com/ag6cKg8jpU

— Only Arweave (@onlyarweave) January 10, 2024

Meanwhile, the project has experienced a 96.00% yearly supply inflation rate, creating 32.06 million AR over the past year. Moving unto performance metrics, Arweave has demonstrated a commendable 27% price increase over the last year. Furthermore, its current trading position is above the 200-day simple moving average, reinforcing a positive trend.

5. Sponge V2 ($SPONGE V2)

Sponge V2 has experienced significant growth since its launch, increasing its initial value from $1 million. In 2023, the token reached its highest market value at over $100 million, stabilizing at $16 million. As a result, the project has gained a user base of more than 11,500 holders, showcasing an engaged community.

🌐 Daily Staking Update!

We’ve reached 4,600,326,590 $SPONGE tokens staked, currently valued at $3,963,388.83 with an impressive current 351% APY. 🚀

Join our thriving #SpongeV2 community today and grow with us! 🧽💦#AltSeason #CryptoStaking #Web3 pic.twitter.com/TV6JOfQssa

— $SPONGE (@spongeoneth) January 11, 2024

At the heart of Sponge V2 is its Stake-to-Bridge model, which helps current $SPONGE holders move to the V2 system. This model encourages existing holders to get involved using staking mechanisms, incentivizing users to participate in the updated ecosystem.

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With optimism, the project’s roadmap includes plans for primary exchange listings, suggesting potential growth opportunities. With a community of 30,000 members, Sponge V2 has caught the attention of investors exploring opportunities in the cryptocurrency market.

6. Fantom (FTM)

Fantom’s price is $0.430128, with a trading volume of $396.43 million and a market cap of $1.21 billion. Moreover, FTM holds a 0.07% share of the overall market. Over the past day, its price has risen by 10.61%, hitting the top crypto gainers today.

Recent indicators suggest a positive sentiment in the market, with a bullish prediction for Fantom’s price. The Fear & Greed Index is 76, indicating extreme market enthusiasm. In terms of supply, there are now 2.80 billion FTM tokens in circulation out of a maximum supply of 3.18 billion FTM. 

📢 New feature added to fWallet!

The latest #Fantom fWallet release now offers a rich and complete transaction history, allowing users to search, filter, and export past transactions for a more insightful wallet experience.

Access fWallet 👇 https://t.co/uE0yZk3pS4 pic.twitter.com/9LtiiKoSE3

— Fantom Foundation (@FantomFDN) January 10, 2024

Over the past year, there has been a 10.16% yearly supply inflation rate, creating 258.63 million FTM. Furthermore, Fantom holds the 9th position in the DeFi Coins sector and is ranked 34th in the Layer 1 sector. It trades above its 200-day simple moving average, demonstrating positive performance relative to its token sale price. 

7. MultiversX (EGLD)

MultiversX is attracting market attention by hitting the top crypto gainers today. EGLD has seen a significant 62% increase in its price over the past year, currently at $56.55. This positive trend aligns with its consistent trading position above the 200-day simple moving average. 

Elrond has shown strong performance compared to its initial token sale price. Furthermore, an intraday trading volume of $176.89 million means Elrond maintains a market cap of $1.34 billion, indicating a high level of liquidity. 

Leveraging #MultiversX to make human-validated data scalable, cost-effective and immediately available.@Ta_da_io connects end-users with the next phase in AI development.

Research paper & event details available on @xLaunchpadApp 🔥 https://t.co/rgWEdUHVIM

— MultiversX (@MultiversX) January 10, 2024

However, EGLD’s price sentiment is neutral, and the Fear & Greed Index indicates a value of 76. This signals extreme greed in the market sentiment. Moreover, Elrond’s circulating supply is 23.74 million out of a maximum supply of 31.42 million. In the Layer 1 sector, Elrond holds the 30th rank in terms of market capitalization.

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• Source: https://insidebitcoins.com/news/top-crypto-gainers-today-jan-11-multiversx-arweave-jito-fantom