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Today’s Top Cryptocurrency Earners January 19 – Chainlink, Decentraland, Huobi Token, Pocket Network

adminJanuary 20, 2024

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While investors wait for strength, about 10% of cryptocurrencies display green candles. UMA is Today’s Top Cryptocurrency Earners, recorded a whopping 112.55% increase in the last 24 hours. Conversely, Conflux Network stands out as the biggest loser today, experiencing a loss of 19.40% over the same period.

Biggest Cryptocurrency Earners Today – Top List

Moreover, Dogwifhat has recorded an incredible 7,489.77% gain over the past year. Meanwhile, ApeCoin is at the opposite end of the spectrum, recording a significant loss of 70.69% over the past year. Following the introduction of Spot for the first time in the U.S. BTC ETFBitcoin (BTC) plunged more than 15% to around $41,300.

1. PENDLE

Pendle price followed at $2.15 and trading volume was $154.87 million. With a market capitalization of $512 million, Pendle boasts a market dominance of 0.03%. In the past 24 hours, the price of PENDLE has surged a whopping 8.49%.

pendle price chart pendle price chart

Moreover, Pendle has seen an incredible price increase of 1,878% in just one year, outperforming 99% of the top 100 coins. The recent cycle peaked at $2.17. Additionally, out of Pendle’s current maximum supply of 258.45 million, PENDLE’s circulating supply is 238.19 million.

Additionally, with an annual supply inflation rate of 24.25%, 46.49 million PENDLEs were created over the past year. Technically, Pendle is trading above its 200-day simple moving average, indicating a positive trend. Sentiment around Pendle’s price prediction remains bullish and is supported by a Fear and Greed Index score of 64 (Greed).

2. Litecoin (LTC)

Just a few days into 2024, Litecoin has achieved over 10 million transactions on its network. Therefore, LTC is up 1.98% during that time to $70.34. Volumes are also solid at $922.94 million, adding a dominance of 0.32%. As long as the market remains neutral, traders can hold as soon as they sense strength.

LTC price chartLTC price chart

These indicators are worth highlighting, as LTC has created the top cryptocurrency gainer today. Litecoin’s highest price was $410.76 on May 10, 2021. Meanwhile, the lowest price was $1.113740 on January 14, 2015. However, after hitting a cycle low of $40.47, Litecoin surged to a high of $114.66 in the last cycle.

Additionally, Litecoin’s current circulating supply is 74.11 million LTC out of a maximum supply of 84 million LTC. Likewise, the annual supply inflation rate was 3.37%, creating 2.42 million LTC over the past year. Litecoin ranks 3rd in the Proof-of-Work coin category and 13th in the Layer 1 category.

3. Chainlink (LINK)

GainsNetwork announced that it will collaborate with Chainlink to enhance on-chain transaction security on X. In the same vein, we aim to support cross-chain governance and staking. Accordingly, LINK rose 0.08% to reach $15.32 per dollar, drawing market attention.

LINK price chartLINK price chart

Compared to the top 100 coins, Link outperformed 80%, recording a 142% increase in value. Moreover, Chainlink has surpassed its 200-day SMA after achieving 15 green days in the last 30 days. The market is neutral. However, traders remain bullish on LINK. Moreover, with an intraday trading volume of $1.41 billion, LINK maintains a market dominance of 0.53%.

Additionally, out of the maximum supply of 1 billion LINK, the circulating amount is 568.1 million LINK. Meanwhile, the annual supply inflation rate was 11.83%, and 60.1 million LINKs were created last year. Chainlink is leading the DeFi coin sector and holds the second place in Ethereum (ERC20) tokens by market capitalization.

4. Huobi Token (HT)

Huobi token, valued at $2.05, is up 7.93% intraday and is slowly overcoming the red candle. Based on this, HT is positioned in the market with a trading volume of $26.16 million. Likewise, the token boasts a market capitalization of $333.03 million, demonstrating strong liquidity.

HT price chart HT price chart

Meanwhile, investors are cautious as forecasts reflect a bearish outlook. Nonetheless, the neutral stance of the Fear/Greed index suggests that it remains trading along the uptrend.

Looking back, Huobi token reached its peak on May 12, 2021, hitting a high of $39.68. Conversely, the all-time low of $0.888347 was recorded on January 30, 2019. Notably, the lowest price of the token after ATH is $1.868100, which represents the cycle low. In contrast, the highest HT price since the last cycle low reached $2.41, highlighting the token’s resilience.

5. Decentraland (MANA)

Decentraland is attracting investor attention even though the market is relatively neutral. With a current price of $0.456422, MANA has been consistently trading above its 200-day SMA, showing positive developments.

MANA price chartMANA price chart

Crucially, MANA boasted 15 green days in the last 30 days, outperforming its token sale price. These green candle days reflect a solid 50% positive performance. Furthermore, this continued upward momentum is consistent with its status as a Binance listed asset. Therefore, its market capitalization of $864.05M ensures high liquidity.

Additionally, MANA’s current market dominance is 0.05%, indicating its presence in the cryptocurrency space. Nonetheless, Decentraland price forecast sentiment has tilted bearish as holders await a revival.

6. Pocket Network (POKT)

Pocket Network had a good week, achieving an impressive 11.5K POKT in protocol revenue through the POKT burn process. This success is due to the two gateways seamlessly handling 2.8 billion relays.

POKT price chartPOKT price chart

Additionally, Pocket Network’s price forecast is optimistic and holders are waiting to see how the market develops. POKT, currently valued at $0.278299, has increased by 7.67% in the last 24 hours and has a market dominance of 0.03%. Over the past year, the price of POKT has surged 439%, outperforming 91% of the top 100 cryptocurrency assets.

Moreover, the trading trend is in favor of POKT, suggesting that the green candle remains. In line with the trend, Pocket Network is consistently trading above its 200-day SMA, indicating market strength. In addition, the number of green days in the last 30 days was 19, which is 63% of the observation period, boasting a solid record.

7. SPONGE V2 ($SPONGE V2)

Sponge is Sponge V2. This new project is an upgraded version that builds on the success of its predecessor, Sponge V1.

Taking advantage of the expected bull market, Sponge V2 introduces key improvements by integrating Play-to-Earn (P2E) utilities into the Sponge ecosystem. Moreover, Sponge’s journey was marked by impressive growth. Starting with an initial appraised value of $1 million, Sponge V2 experienced a significant rise.

It reached its peak market capitalization exceeding $100 million in 2023, ultimately reaching $16 million. This remarkable growth highlights the project’s resilience and potential in a dynamic market.

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adminJanuary 20, 2024

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