The top three crypto gainers in the market were Notcoin, Toncoin, and GALA.
Notcoin (NOT) leads the market with a surge of 54% to a new all-time high of $0.02896.
Bitcoin (BTC), the leading cryptocurrency, continues to exhibit volatile behavior, trapped below the $69,000 range early Monday. Despite its unstable momentum, Bitcoin traded between $68,000 and $70,000 in the past week. In the past 24 hours, BTC has experienced a slight uptick of approximately 1.51%.
Further, the global cryptocurrency market cap currently stands at $2.55 trillion, reflecting a modest 0.35% rise over the last 24 hours. The market heatmap is slightly green, suggesting price recoveries for many cryptocurrencies.
Meanwhile, other well-known altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) have experienced minor declines. The overall market Fear & Greed Index stands at 60, indicating a sentiment of greed, according to CoinMarketCap data.
Among the altcoins, Notcoin (NOT) has emerged as the top performer for the seventh consecutive day, with a notable 24-hour increase of over 19.53%. Conversely, Synthetix (SNX) has taken the largest hit, with an 8.49% decline within the same period. Let’s discuss the top crypto gainers of the day to understand the market conditions.
Notcoin (NOT)
Market Cap: $2.18 Billion
Trading Volume: $4.53 Billion
Notcoin continues to lead the gains, extending a 54% surge from $0.01875 to a new all-time high of $0.02896. Currently, NOT is trading at $0.02125, up 19.53% in the last 24 hours, with a market capitalization of $2.18 billion.
Notcoin (NOT) Price Chart (Source: CoinMarketCap )
Since its launch in mid-May, Notcoin has been on an upward trajectory, driving increased market transactions. Its 24-hour trading volume has soared by 162%, reaching $4.53 billion.
Toncoin (TON)
Market Cap: $16.10 Billion
Trading Volume: $498 Million
Toncoin ranks as the second biggest gainer, experiencing a 20% increase in the last 24 hours, rising from $6.37 to $7.03. Despite a recent decline, TON is now trading at $6.70, supported by a market cap of $16.10 billion.
Toncoin (TON) Price Chart (Source: CoinMarketCap )
Further, transaction activity for Toncoin has surged, boosting its daily trading volume by 250% to $498 million. This trend suggests a bullish outlook, as TON trades above the 7-day simple moving average (SMA) and maintains an upward movement on the 4-hour chart.
Gala (GALA)
Market Cap: $1.48 Billion
Trading Volume: $318 Million
Gala, a layer 1 blockchain solution, has gained attention with a 10% increase over the past day, pushing its value from $0.043 to $0.047. GALA’s market capitalization stands at $1.49 billion, and its trading volume has jumped by 140% to $318 million.
Gala (GALA) Price Chart (Source: CoinMarketCap )
Despite the overall positive market performance, several cryptocurrencies have not maintained their gains. Tokens such as Synthetix (SNX), Arweave (AR), and Beam (BEAM) have experienced declines after previously showing bullish trends.
