Today’s Top Cryptocurrency Earners January 12 – dYdX, Curve DAO Token, EthereumPoW, Optimism

According to available data on the market’s intraday trading sessions, 17% of cryptocurrencies are showing positive movements. Blocks Today’s Top Cryptocurrency Earners, has increased significantly by 43.45% in the last 24 hours. Meanwhile, Tribe had the biggest decline of the day, losing 12.04% over the same period.

Biggest Cryptocurrency Earners Today – Top List

Cryptocurrency proponents claim that Bitcoin could surge significantly past $100,000 this year. This optimism is reflected in U.S. securities and exchange fee (SEC) has approved the first U.S. spot Bitcoin exchange-traded fund (ETF).

1. Optimism (OP)

Today’s bullish rise for the top cryptocurrency comes from an impressive intraday rally. OP’s price is $4.21, reflecting 24-hour trading volume of $1.79 billion. Moreover, the token’s market capitalization was $903.88 million, resulting in a market dominance of 0.05%, reflecting a good business day. In the last 24 hours, the price of OP has increased by 8.71%.

Examining recent market trends, Optimism shows positive momentum with 17 green days in the last 30 days. This metric covers 57% of the observed periods. Meanwhile, assets are near record highs, suggesting continued interest from investors.

From a liquidity perspective, Optimism is strong based on market capitalization. Additionally, the coin is actively traded on Binance, contributing to liquidity. The overall sentiment surrounding Optimism’s price prediction is bullish, supported by the Fear and Greed Index reading of 71 (Greed).

2. Litecoin (LTC)

LTC kicks off the intraday trading session today by taking up a spot among the top cryptocurrency gainers. In the latest market update, Litecoin is holding a price of $75.29, representing 3.05%. Trading activity is strong, with 24-hour volume reaching $1.4 billion. This outlook gave the company a market capitalization of $5.58 billion and a market power of 0.32%.

Over the past year, 2.39 million LTCs were newly created, and the annual supply inflation rate reached 3.34%. On a technical note, Litecoin is trading above its 200-day simple moving average, indicating a positive trend. A significant market capitalization implies high liquidity.

‘Litecoin captured a large portion of Bitcoin market share in December.’ – @CryptoAmb https://t.co/ILkEOyZvLa

— Litecoin (@litecoin) January 8, 2024

Additionally, Litecoin is actively traded on the Binance platform, strengthening investor sentiment. The fear-greed index is 71, indicating the state of greed in the market.

3. CurveDAO Token (CRV)

Over the past month, CRV has seen a positive uptrend, accounting for 57% over 17 of the last 30 days. Additionally, liquidity appears to be healthy based on market capitalization and Binance listing. CRV, with a market dominance of 0.04%, was the top cryptocurrency gainer today, up 1.67%.

Current market sentiment indicators indicate a bearish outlook for CRV. However, the Fear & Greed Index is 71, indicating that greed sentiment is prevalent. In terms of supply, there are currently 1.07 billion CRV tokens in circulation out of a maximum supply of 3.3 billion.

6 out of 7 pools contain crvUSD. And if crvUSD exists, it charges its own fees (because someone borrowed it) https://t.co/rHchY3fFib

— Curve Finance (@CurveFinance) January 7, 2024

Meanwhile, the annual supply inflation rate was high at 101.23%, generating 538.11 million CRV last year. In the decentralized finance (DeFi) space, CRV ranks 12th by market capitalization. It also ranks 3rd in the Yield Farming category and 27th in the Ethereum (ERC20) token category.

4. World Coin (WLD)

WLD is another one of today’s top cryptocurrency earners. An impressive trading session saw Worldcoins price surge to $2.98, up 9.60% intraday. This brought the trading volume to $397.05 million and the market capitalization to $329.7 million. Additionally, WLD has a market power of 0.02%, suggesting market relevance.

Moreover, Worldcoin’s price sentiment is bullish and is supported by the Fear and Greed Index reading of 71. This sentiment is indicative of the widespread investor greed in the market. On December 17, 2023, Worldcoin peaked at $4.73. After reaching its all-time high, the cryptocurrency experienced a cycle low of $2.38, followed by a cycle high of $3.17.

The Worldcoin Tech Tree is a visual guide to the project’s key areas and potential improvements. https://t.co/KjYOh7M7Xg

— World Coin (@worldcoin) January 2, 2024

Additionally, Worldcoin’s current circulating supply is 110.54 million WLD out of a maximum supply of 10 billion WLD. Therefore, Worldcoin ranks 51st in the Ethereum (ERC20) token category. Meanwhile, cryptocurrency shows high liquidity based on market capitalization and is actively traded on the Binance platform.

5. SPONGE V2 ($SPONGE V2)

Sponge V2 It has grown significantly since its founding, with an initial valuation of $1 million. The token soared and reached a peak market capitalization exceeding $100 million in 2023 before stabilizing at $16 million. Impressively, the project has built a user base of over 11,500, reflecting a strong and engaged community.

fist, #Sponger! 🧽︎

We are happy to announce that liquidity is now locked! 🔐

There are already 4,270,902,045 tokens staked with a value of $3,497,953, currently maintaining an impressive 378% APY. $sponge Stronger than ever!

Visit our website to learn more! ⚡️#SpongeV2 #web3 pic.twitter.com/1tYOhx3Lcb

— $SPONGE (@spongeoneth) January 8, 2024

At the core of Sponge V2 is a strategically designed Stake-to-Bridge model that allows for easy migration of $SPONGE holders to the V2 system. This model integrates a staking mechanism to actively incentivize existing holders to participate. This effectively encourages user participation in the updated ecosystem.

Additionally, the project’s roadmap outlines plans for a primary exchange listing, hinting at potential expansion opportunities. With the support of a 30,000 strong community Sponge V2 It has attracted the attention of investors exploring the cryptocurrency market. Moreover, the community involvement in the project highlights it as a token worth keeping an eye on.

6. Ethereum PoW (ETHW)

Can ETHW establish itself as one of the best cryptocurrency acquirers today? Ethereum PoW price signals a positive trading day, ending 3.80% higher at $3.52. Despite this increase, the token’s market dominance remains balanced at 0.02%.

Ethereum PoW traded on KuCoin stands out for its liquidity, which is evident in its solid market cap-to-volume ratio of 0.2457. Additionally, the token’s market capitalization is $379.35 million and its 24-hour trading volume is $93.22 million. Additionally, due to its market positioning, Ethereum PoW ranks 49th in the Ethereum (ERC20) tokens segment.

Over the past year, the token price has risen steadily by 5%. Importantly, it continues to trade above its 200-day simple moving average, indicating stable market performance. Meanwhile, the prevailing market sentiment for Ethereum PoW, supported by a Fear and Greed Index score of 71, is bullish, indicating the presence of “greed” among investors.

7. dYdX (ethDYDX) (ETHDYDX)

dYdX’s rise to the top cryptocurrency bull market today is marked by impressive performance, including a 111% gain over the past year. The token is valued at $2.82, reflecting an intraday trading volume of $407.14 million. Additionally, dYdX boasts a market capitalization of $518.1 million and a registered market dominance of 0.03%.

Additionally, technical analysis shows that dYdX is trading 16.83% above its 200-day simple moving average (SMA) of $2.43. This data indicates a continued positive trend for projects in the market.

Less than 2 months after full trading was activated @dYdX Chain, 2M or more $USDC Staking rewards have been distributed to over 7,500 stakers 🙋🏻

According to Mintscan, staking on the dYdX chain can earn an average annual reward of 11.11% ⛓️

🔒 72.85M DYDX is… pic.twitter.com/0EqqMRrvFr

— dYdX Foundation 🦔 (@dydxfoundation) January 8, 2024

Meanwhile, the neutral 14-day relative strength index (RSI) is 45.04, suggesting the possibility of sideways movement. Nonetheless, the Fear and Greed Index shows a sentiment of 71, indicating that greed is rampant among market participants.

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