Market Capitalization Overview
According to CoinMarketCap, among the top gainers, only SNX finds itself within the top 100 in terms of market capitalization, currently ranking at 48th place.
* In the 101-200 market cap range, ENJ has experienced a surge of around 20%.
* In the 201-300 range, DORA led the pack with a 15% increase. Additionally, four other coins—HPO, UNFI, DODO, and PEG—posted gains of 70%, 17%, 14%, and 10%, respectively.
* In the 301-400 range, six coins—TSUKA, CEL, BAKE, TLM, LEVER, REEF—saw increases of around or above 10%, with gains of 28%, 11%, 11%, 10%, 10%, and 10%, respectively.
* In the 501-600 range, no coin increased by more than 10%, although RFR did show a modest increase of 9.3%.
A Historic Decline
It’s crucial to note that all these coins have depreciated by over 90% in value since 2021, underlining the extreme volatility and associated risks in the cryptocurrency market.
One Key Factor to Observe
Most of these coins have surged by over 20% in the last two months.
* SNX previously surged by 25%, with an amplitude of 52%, on July 14.
* FORTH saw a 14.5% surge with a 46% amplitude on July 18, and again by 36.6% with a 55.6% amplitude on July 27.
* DODO experienced a 36.3% surge with a 43% amplitude on August 7.
* BAKE increased by 31% and 15% consecutively on August 13 and 14.
Additional Info
Top 10 Gainers in the Last 24 Hours on Binance:PERP, FORTH, UNFI, ENJ, SNX, DODO, BEL, BAKE, REEF, TLM.
Coins to Watch
Based on the following criteria:
1. Having surged over 20% in the previous two months,
2. Not having surged in recent days,
3. Holding a market cap between ranks 300-400,
Some coins to keep an eye on include: MOVR, MLN, RSS3, FTT, CVC, C98.
Conclusion
While the top gainers on Binance offer promising prospects, it’s essential to remember the inherent volatility of the cryptocurrency market. Investors are advised to conduct their own research and consider various factors before making any investment decisions.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice.
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