Today, the wider digital asset market encountered a substantial drop, with its market valuation declining by 0.39% to $3.22 trillion. Its transaction volume witnessed a 27.10% decrease to $168.18 billion. Also, the fear and greed index dropped to 54, showing a decreased market sentiment.
Ethereum at $2,805
The decrease came after the US SEC announced the establishment of a crypto task force. The working group seeks to enhance regulatory laws and advance oversight to provide clearer frameworks for cryptocurrencies.
As a result, Bitcoin dropped to the $98,000 level while Ethereum traded below the crucial $3,000 support level, reflecting a wider market uncertainty. Despite declines, some tokens are extremely doing well, showcasing their growth potential and increased user adoption.
Top 10 gainers
Several upcoming coins managed to appear in today’s top gainers list.
SwarmNode.ai (SNAI) emerged as the top performer. The token experienced a massive price rise of 50.2% in the past 24 hours. Its trading volume witnessed a 47% rise, indicating expanded investor confidence and robust optimism in the token’s potential.
Ampleforth Governance Token (FORTH) secured the second spot with a price rise of 48.1% over the same period. The asset experienced strong growth in the past week and continues to rise each day. The DeFi token is on the move and its upward momentum is remarkable considering volatility in the wider market.
Venice Token (VVV) came third with a 46.6% surge. The asset is currently experiencing an incredible rise because of its recent listing on crypto exchanges including LCX, Binance, and Coinbase. A recent airdrop campaign also attracted investors and traders to the coin.
Next is the E-Money Network (EMYC), which recorded a surge of 29%. Its current massive uptrend has been boosted by recent listings on KuCoin, Gate.io, and MEXC following its launch seven days ago.
Apeiron (APRS) grabbed the fifth position with a surge of 29%. This uptrend is driven by increased hype and expectations surrounding the forthcoming launch of its mobile game where the native coin can be utilized for various activities. This includes NFT minting, in-game purchases, and other trading activities in its gaming ecosystem.
Nodecoin (NC) settled on the sixth position with a 27.1% upsurge. Its trading volume also saw a rise of 22.00%, indicating a recent increase in market activity. Its surge is possibly because of its unique selling point that enables customers to monetize unused internet bandwidth to the Nodepay platform.
Other coins that gained visibility in today’s top 10 gainers list include VIDT, XPR, PLUME, and TRB. VIDT DAO (VIDT) recorded an 18% increase while XPR Network (XPR) closely followed it with a 17.7% rise. Lastly, Plume (PLUME) and Tellor Tributes (TRB) registered 14% and 13.4% price upticks respectively.
