Today, market analyst CoinMarketCap listed top crypto gainers in the digital asset market, with significant events observed in the broader market. One important observation noticed in the market is narrowed price gains across several assets.
Today, most tokens recorded few price increases as multiple red numbers are seen in today’s market movements. The total crypto market cap fell by around $15 billion in the last 24 hours, currently standing at $3.16 trillion. Bitcoin and Ethereum, which currently trade at $92,107 and $3,219, have been down 1.80% and 0.54% over the past 24 hours, with many crypto assets, including XRP, Hedera, Aster, and several others, falling hard today.
The reason for the declines is due to profit-taking activities after recent price gains. The digital asset market experienced an excellent run almost the entire first week of the new year. However, after steady price surges during the week, multiple traders sold tokens to lock in profits.
Top Crypto Gainers Today, According to the Analyst
Jasmycoin (JASMY)
Jasmycoin (JASMY), a cryptocurrency powering the Jasmy platform, a Japan-based decentralized network that enables people to control the use of their personal data and make income through monetization of their data, today leads the larger crypto market with a 5.86% price rise. The reason for JasmyCoin’s outstanding price surge today is the token’s breakout of a multi-month descending channel pattern, supported by revamped, strong trading volume currently being experienced. After several weeks of downturn, the asset is witnessing renewed appetite from whales and short-term traders who are significantly buying JASMY tokens and pushing prices up. JASMY, which currently stands at $0.008936, has been up 54.5% and 28.0% over the past week and month, respectively, showing user enthusiasm.
MemeCore (M)
MemeCore (M), a crypto asset powering the MemeCore platform, a Layer-1 blockchain network that allows users to convert meme coins into valuable economic assets in DeFi, emerged as the second-best performer in today’s crypto market with a 3.67% price growth. Today’s performance is another indicator of increasing investor interest in the meme coin launchpad. The L1 blockchain for meme coins is gaining user attention due to its innovative capability to simplify the process of minting, launching, promoting, and trading meme tokens. Besides today’s upturn, M has been up 6.6% and 36.4% in the past week and month, respectively, reflecting its heightened traction among crypto users.
Hyperliquid (HYPE)
HYPE, a native token of Hyperliquid’s decentralized derivative exchange, followed with a 3.41% price rise registered today, making it third in the list. Today’s increase pushed HYPE’s price to currently trade at $27.36, a further expansion from the 5.7% and 14.7% surges recorded over the past week and 14 days ago. These recent climbs are due to large investors and strategic traders buying HYPE tokens and capitalizing on Hyperliquid’s DEX futures trading platform for economic growth opportunities.
Cosmos (ATOM)
The analyst further identified Cosmos (ATOM), a cryptocurrency powered by a decentralized blockchain network that enables and maintains interoperability between different chains, as the fourth top crypto gainer today with a 1.29% price increase. Today’s ATOM’s price rise marks its seventh consecutive day of gains, indicating its recent 22.3% and 7.4% uptrends noted over the past seven days and month, respectively.
Other Top Market Performers
Other outstanding crypto market gainers recognized today include TRX, MORPHO, PUMP, POL, and XTZ.
TRON (TRX) is in the fifth place with a 1.21% price hike recorded today, and Morpho (MORPHO) followed with a 1.20% price gain.
In the seventh spot is Pump.fun (PUMP) with a 1.19% rise, while Polygon (POL), Bittensor (TAO), and Tezos (XTZ) took eighth, ninth, and 10th positions with 1.06% 0.96%, and 0.58% price increases, respectively.
