The cryptocurrency market saw impressive gains on October 16, 2024, with various tokens experiencing significant price increases. According to data from Phoenix Group, NEON (NEON), STFX (STFX), and DEEP (DeepBook) were the top-performing assets of the day, recording remarkable price growth. Let’s take a closer look at the market’s biggest daily movers.
NEON (NEON) led the daily gainers list, posting a massive 39.4% price increase. This surge pushed NEON’s price to $0.50, raising its market cap to $28.9 million. NEON is primarily traded on the major exchange Coinbase, which has seen increased trading activity around the token. The significant price increase positions NEON as one of the top performers in today’s market, reflecting growing investor interest and potential positive developments within its ecosystem.
Close behind NEON is STFX (STFX), which registered a 37.4% jump in its price. STFX is now trading at $0.04 with a market capitalization of $30.2 million. This token, available on Bybit, has captured traders’ attention with its recent upward momentum. Analysts are closely monitoring STFX, speculating that upcoming developments within its decentralized finance (DeFi) sector could contribute to the rally.
DEEP (DeepBook) experienced a 30.8% increase, landing its current price at $0.87. With a market cap of $87.4 million, DEEP has been listed on the popular Binance exchange, attracting significant attention. DeepBook’s steady rise reflects strong demand for the protocol, especially as it innovates within the decentralized order book space.
STORJ, Virtuals Protocol, and ARK Follow Strongly
STORJ (STORJ), a decentralized cloud storage network, was another top performer. Its 25.3% price increase brought its value to $0.58 and market cap to $85.7 million. STORJ’s rise comes amid growing demand for decentralized storage solutions, especially due to increasing data security concerns.
Virtual protocol (VIRTUAL) also made significant gains, rising 19.9% to $0.89. This increase gave the protocol a market cap of $83.2 million. ARK (ARK), another major gainer, saw an 18.6% increase, positioning its price at $0.08 with a market cap of $104.8 million.
Rounding out the list of top daily gainers, SCPT (Script Network) saw a 17.0% increase, MATH (MATH) rose by 15.3%, STRDY (Sturdy) gained 14.5%, and SNS (Synesis One) closed with a 14.1% rise. These tokens are traded on major platforms such as KuCoin, Binance, and others, reflecting a broad-based rally across multiple blockchain sectors.
