These are the cryptocurrencies marked with substantial gains today on November 16. Tokens such as Render, Synthetix, Cronos, and Gas shape the day’s top movers.
Bitcoin’s dominance, indicating its share of the total market capitalization, currently sits at 51.02%, marking a modest uptick of 0.29% over the day. This metric often influences investor sentiment and market trends.
Biggest Crypto Gainers Today – Top List
Within this, the decentralized finance (DeFi) sector contributes $8.06 billion, representing 11.63% of the total 24-hour market volume. Concurrently, stablecoins account for $61.79 billion, making up 89.09% of the overall trading volume in the crypto market.
1. Render (RNDR)
RNDR’s impressive intraday rally has launched it into the list of top crypto gainers today. Render (RNDR) is presently valued at $3.04, boasting a 24-hour trading volume of $821.72M. Moreover, the token’s market capitalization of $1.13B accounts for its market dominance of 0.08%. Over the past 24 hours, RNDR has surged by 35.23%.
Furthermore, market sentiment indicates a bullish outlook for Render Token, coinciding with a Fear & Greed Index score of 70 (Greed).
The circulating supply of RNDR is currently 369.61M out of a maximum supply of 536.87 M. Notably, the yearly supply inflation rate stands at 45.63%, creating 115.82M RNDR over the past year. In market cap rankings, RNDR is #18 among Ethereum (ERC20) Tokens and #3 in the AI Crypto sector.
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✅You can vote on RNP-007 on Nation using RENDER SPL Tokens: https://t.co/4Esob0Rdd1…
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— The Render Network (@rendernetwork) November 15, 2023
In addition, RNDR is trading above the 200-day simple moving average, with 19 out of the last 30 days reflecting positive performance (63%). Moreover, it is trading near its cycle high and is characterized by high liquidity based on its market cap.
2. Avalanche (AVAX)
Avalanche has shown impressive growth over the past year, placing it among the top crypto gainers today. Its price surged by 64%, outperforming 65% of the top 100 crypto assets in this period. Presently priced at $22.31, with a 24-hour trading volume of $3.12B and a market cap of $7.93B, it reflects considerable market activity.
Technically, Avalanche is trading above its 200-day simple moving average, showcasing positive performance compared to its initial token sale price. It has seen 22 green days out of the last 30, indicating a bullish trend. However, trading near its cycle high might suggest a potential correction.
Onyx by @jpmorgan and @apolloglobal have announced a collaboration under Project Guardian, leveraging @LayerZero_Labs to connect Onyx with a permissioned Avalanche Evergreen Subnet, which facilitated subscriptions and redemptions for funds offered by @WisdomTreePrime. pic.twitter.com/AjQtLNKCKG
— Avalanche 🔺 (@avax) November 15, 2023
Furthermore, sentiment towards Avalanche remains bullish, with price predictions echoing positivity and a Fear & Greed Index at 70, indicating market greed. Rankings within various cryptocurrency sectors highlight Avalanche’s prominence, ranking #7 in Proof-of-Stake Coins. Likewise, it is ranked #1 in the Avalanche Network and #10 in the Layer 1 sector.
3. Synthetix (SNX)
Synthetix, a key player in DeFi, has shown significant price changes over the past year. The coin’s price surged by 77%, surpassing 71% of the top 100 crypto assets. Presently trading at $3.19 with a market cap of $366.59M, Synthetix has performed well compared to its token sale price.
Moreover, technical analysis reveals Synthetix is trading above its 200-day moving average, signaling a positive trend. It experienced 18 positive trading days last month, constituting 60% of its recent performance. However, its current value is near its cycle high, suggesting a cautious approach for potential investors.
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— Synthetix ⚔️ (@synthetix_io) November 15, 2023
Regarding supply, Synthetix has 114.84M SNX in circulation out of a maximum of 212.42M SNX. It ranks #19 in the DeFi Coins sector, #7 in Yield Farming, and #38 in Ethereum (ERC20) Tokens. Furthermore, it is placed #8 in the Layer 2 sector and #3 among the top crypto gainers today. Notably, the current sentiment leans toward a bullish outlook for Synthetix, with the Fear & Greed Index at 70 (Greed).
4. Meme Kombat (MK)
Meme Kombat has recently gained attention as one of the top crypto gainers today. Its ongoing presale has already raised $1,750,316 out of the targeted $2,000,000, drawing interest in its early stages. MK’s combination of staking and betting features distinguishes it from other projects. Thus offering users various ways to engage with the platform and earn rewards.
The $2 million milestone is closing in and we’re ready to give away another large amount of USDT
Hands up if you’ve entered🙌 pic.twitter.com/gLrYrdwHwF
— Meme Kombat (@Meme_Kombat) November 16, 2023
Moreover, half of the MK tokens are available in the presale at $1.667 per token, with a fixed cap of $10 million. This approach aims to enhance the practicality of MK tokens for its users.
Furthermore, the project plans to list its tokens on a decentralized exchange, setting aside 10% of the supply for liquidity. This move seeks to enable faster and more streamlined trading activities. These strategies, detailed in Meme Kombat’s whitepaper, demonstrate the project’s commitment to facilitating the decentralized trading of MK tokens.
5. 0x Protocol (ZRX)
Over the past month, 0x has displayed a predominantly positive market sentiment, with 21 out of 30 days showing gains. Hence, it accounted for 70% of the observed period. This trend aligns with a Fear & Greed Index rating of 73, indicating a sentiment leaning toward greed. Consequently, 0x currently stands among the top crypto gainers today.
Presently, 0x Protocol (ZRX) is valued at $0.5954, backed by a 24-hour trading volume of $224,695,519. Its market capitalization of $504.49 million contributes to a market dominance of 0.03%. Notably, over the last 24 hours, the ZRX price has surged by 117.85%.
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— 0x (@0xProject) November 13, 2023
Furthermore, 0x’s circulating supply amounts to 847.50 million ZRX out of a maximum supply capped at 1.00 billion ZRX. Within the DeFi Coins sector, 0x holds the 17th position and secures the 35th spot among Ethereum (ERC20) Tokens. Furthermore, it claims the 6th rank in the Layer 2 sector based on market capitalization.
6. Cronos (CRO)
Cronos, an ERC20 token in the Exchange Tokens sector, has recently shown a predominantly positive trend. Within the last 30 days, it experienced growth on 23 days, accounting for 77% of the period. Furthermore, it has consistently maintained a trading position above its 200-day simple moving average, indicating a stable market presence.
Looking at the broader picture, Cronos has displayed a 39% price increase over the past year. Therefore, it outperformed around 59% of the top 100 cryptocurrencies during this period.
Moreover, the recent 24-hour surge of 15.38% in Cronos’ price has sparked bullish sentiment. This sentiment is backed by a Fear & Greed Index reading of 70, indicating a prevailing state of “Greed.” These positive trajectories have placed the coin among the top crypto gainers today.
7. Gas (GAS)
Gas has recently displayed an upward tick, propelling it into the top crypto gainers today. The coin’s price is $9.29, showing a 12.16% increase over the past 24 hours. GAS’s trading volume is pegged at $895.49 million, giving it a market dominance of 0.04%.
Over the last year, Gas has surged by 339%, outperforming 91% of the top 100 cryptocurrencies. Currently, the sentiment around Gas’s price prediction is bullish, as indicated by a Fear & Greed Index score of 70. Thus reflecting a prevalent “Greed” sentiment in the market.
Moreover, Gas has consistently traded above its 200-day simple moving average and experienced 18 positive trading days out of the last 30. Therefore, it accounts for 60% of the observed period. This consistent performance indicates its stability and maintained high liquidity, driven by its substantial market capitalization.
Explore the highlights of #Neo‘s September Monthly Report:
Dive in for more details ⏬ https://t.co/4Ec0vftjLT
— Neo Smart Economy (@Neo_Blockchain) November 15, 2023
In summary, Gas has shown remarkable growth in the past year, exhibiting promising price performance. At the same time, it has maintained a strong market position within the NEO Network.
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