gainers

The digital asset market traded sideways this week however users point to crypto gainers and losers for new narratives. In the last 24 hours, the total market cap dropped 0.11% to $1.94 trillion with several assets making a slight improvement from the previous day. Meme coins led the pack on both sides of the divide while top coins moved slightly.Top Crypto Gainers
Amid the negative market sentiment, top crypto gainers recorded over 50X gains in the last 24 hours. Leading the pack is Mystiko Token (XZK) trading at $0.0486. The asset moved up 86.71% today with bullish intraday volumes gaining traction among traders. This huge jump takes total weekly figures above 128% while 30-day gains stood at 86%.

Popular GameStop saw inflows top 82% in the last 24 hours. The Solana meme coins maintains its buzz garnered in the last month. At press time, the GME price stands at $0.00483 with its market capitalization soaring to $33.7 million. Ben the Dog ranks in third witb a 50.3% gain in the same time frame. The meme token posts $4.12 million in 24 hour volumes with bulls projecting more inflows despite the general market decline.

Other assets topping crypto gainers list include Billy, Jeo Boden, Simons Cat, TOMI which tapped over 20% today. While meme coins topped asset gains, Chainlink (LINK), Tron (TRX) and Cardano (ADA) led the crypto gainers in the top 20 by market capitalization. Tron surged 2.39% in the last 24 hours while LINK and ADA moved up 4.98% and 3.29% respectively.Crypto Losers Today
The wider market has seen outflows in recent weeks as Bitcoin price fell below $55,000 dragging down market sentiments. DigiByte leads crypto losers falling 23.5% while OpenPlatform is down 18.5%. Other assets deep in the red zone are BELDEX, Catdog and TENET with over 10% losses in the same time frame.

Among the top 20 assets, Toncoin slipped 2.3% while Litecoin and LEO fell 2.19% and 1.38% respectively. Updates around the Telegram ecosystem had an impact on the token although slight gains were lost. TON price surged as Telegram CEO broke his silence after the Paris detention. The market recovery after several days on in the woods reduced outflows from crypto losers.#lastdayofyear #NewYearCelebration #GAINERS #LosersOfTheDay $PEPE
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Top Layer-1 Tokens with Best Returns This Year
Bitcoin Cash (BCH)
At the top of the list is Bitcoin Cash (BCH), a cryptocurrency launched in 2017 as a Bitcoin hard fork, focusing on rapid, low-cost transactions as peer-to-peer digital cash. As per the data, BCH is the highest-performing L1 token with a price growth of 38% over the past year, making it at the top of the list, beating the performance of all other Layer-1 tokens. Key catalysts behind Bitcoin Cash’s price growth include a tighter token supply, which coincides with the stronger market performance, and anticipations of a potential ETF launch.

Binance coin (BNB)
BNB is the second-best-performing Layer 1 token this year as its price has increased by 29% in the last 12 months. This remarkable surge in BNB’s price is not from speculation but supported by the BNB Chain’s network growth. The token’s burn program has significantly tightened BNB’s circulating supply over time, while Binance’s global user base is also another key contributor.

Hyperliquid (HYPE)
Hyperliquid (HYPE), a decentralized perpetual exchange (DEX) running on top of a high-performance Layer-1 (L1) blockchain, has also been showing its prominence as its token’s price surged 23% over the past 12 months. This remarkable rise of Hyperliquid’s native token, HYPE, has been due to substantial interest from both DeFi investors and traders in the decentralized exchange platform. The growth has been propelled by an interplay of the network advancements, traders (and investors) using assets as margin to maximize capital efficiency on the platform, and Hyperliquid’s commanding presence in the decentralized perpetual trading sector.

Tron (TRX)
Fourth on the list is Tron (TRX), an EVM-compatible Layer 1 blockchain designed to power fast payments and various decentralized applications (dApps) without intermediaries. With a price increase of 14% in the past 12 months, TRX shows outstanding performance, outperforming other Layer-1 tokens. The momentum has been fueled by increasing transactions on the Tron network and its increasing market share in the stablecoin sector.

Lessons To Learn from This Analysis
This market analysis, as reported by the analyst, hints that when it comes to investing in cryptocurrencies, it’s crucial for investors and traders to keep an eye on year-to-date performance and consider the long-term potential. Crypto assets identified above – BCH, BNB, HYPE, and TRX – are all robust performers that display strong combinations of rapid transaction processing, innovation, and real-world applications. #GAINERS $BNB
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