- Ardor leads April 16 gainers with a 131% surge, topping Binance-based altcoin activity.
- Utility and DeFi tokens like FUEL, SNT, and SPA see rising volumes on Gate.io and CoinEx.
- Altcoin market shifts as small to mid-cap tokens attract investor interest and trading volume.
The crypto market experienced a mid- and low-cap tokens surge on April 16, with Ardor (ARDR) leading the day’s top gainers. According to Phoenix Group data, ARDR jumped 131.3% within 24 hours, closing at $0.14.
The price increase brought Ardor’s market capitalization to $141.4 million. Most of its trading volume was reported on Binance, where the token saw strong buyer activity. The move’s impact placed ARDR at the top of the leaderboard among altcoins, signaling a short-term shift in market positioning.
Fuel Network, Status, and Sperax Among Top Movers
Following ARDR, Fuel Network (FUEL) posted the second-highest gain of the day with a 56.4% increase. FUEL traded at $0.01 by session close and reported a market capitalization of $61 million. Although it remained one of the lower-priced assets, the percentage change pushed it into the spotlight. The data indicates growing traction in microcap utility tokens.
Status (SNT) also posted a gain of 46.8%, followed by Sperax (SPA), which rose 41.4%. These assets, traded on Gate.io and CoinEx, demonstrated rising activity across DeFi-focused platforms. Their combined performance contributed to a lift in the utility token segment during the day’s trading session.
Pump.Fi and MANTRA Show Strong Closes
Pump.Fi (PUMP) gained 31.2% to finish the day at $0.14. Its total market capitalization reached $40.2 million, placing it among the top five gainers by percentage and volume. The day’s price action for PUMP indicated a sharp increase in trading interest.
MANTRA (OM) rose by 25.6% and closed at $0.77. It closed the day with a market capitalization of $754911680, positioning it as the largest of the ten leading gainers. Although the actual percentage increase in OM was comparatively less than the companies mentioned earlier in the list, the actual increase in value coupled with a bigger market cap made it one of the highlights of the session.
GFI, SynFutures, and ARK Report Notable Rises
Goldfinch (GFI) saw a daily increase of 24.4%, trading near its recent highs. SynFutures (F) followed with a 22.5% gain, despite having one of the lowest trading prices on the list at $0.01. ARK also posted a 22.4% increase, closing at $0.14 with a market capitalization of $96 million.
MyShell (SHELL) completed the day’s top ten with an 18.3% gain. The token traded at $0.06 and reached a market cap of $35.6 million. Binance held most of its trading volume, which was consistent with trends seen across other top gainers on the list.
Market Sentiment Shifts Toward Small-Cap Tokens
The collective performance of these tokens on April 16 points to increased investor interest in small to mid-cap assets. While no single sector dominated the day’s gains, the list included a mix of utility tokens, infrastructure platforms, and DeFi projects.
This is a sign of increased trading traffic, especially on the less-known digital currencies and tokens. It means that capital is flowing into the altcoins market, and low-graded tokens are experiencing increasing trading volumes.
