Top Crypto Gainers Today Feb 2 – Pyth Network, Avalanche, WOO, Oasis Network 

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Today’s trading session has taken an upturn from yesterday, with 24% of the coins experiencing positive movement. Chainlink leads the gainers, boasting a 13.74% Intraday increase. Meanwhile, ApeCoin takes the unfortunate title of the day’s biggest loser, plunging by 6.12%. 

Biggest Crypto Gainers Today – Top List

Looking back over the past year, Dogwifhat stands out as the top performer with an impressive gain of 4,510.88%, showcasing its potential for substantial returns. Conversely, ApeCoin has endured a rough year, witnessing a staggering loss of -77.07% in value. Moreover, on the news scene, Binance’s Web3 Wallet introduces a marketplace for Bitcoin inscriptions.

1. Pyth Network (PYTH)

Binance has announced the PYTH token as its latest addition to the altcoin roster. This announcement caused PYTH to surge 25%, swiftly reaching $0.4923, subsequently hitting the top crypto gainers today. Today, the price of Pyth Network stands at $0.512949, marking a substantial increase of 26.53% within the last 24 hours. 

Moreover, this surge in price is accompanied by a trading volume of $907.41M and a market dominance of 0.05%. In addition, the sentiment towards Pyth Network’s price prediction is bullish, mirrored by a Fear & Greed Index showing 63 (Greed).

Furthermore, Pyth Network has demonstrated its strength with 17 green days in the past 30 days, indicating a trading proximity to its cycle high. With a market capitalization of $769.42M, Pyth Network boasts high liquidity relative to its market cap. Regarding circulation, Pyth Network currently has 1.50 billion PYTH tokens out of a maximum supply of 10.00 billion PYTH tokens. In addition, it secured its position as #21 in the Solana Network sector.

2. Avalanche (AVAX)

Avalanche (AVAX) demonstrates resilience by confirming critical support after encountering resistance. The price action of AVAX garners investor attention, signaling a potential upward trend. In the weekly outlook, AVAX declines from its yearly high of $50, slightly below the significant resistance zone at $55. 

AVAX Price Chart

Moreover, the weekly Relative Strength Index (RSI) currently sits above 50 and trends upward. This indicates a favorable environment for potential gains. Hence, analysts project a potential 54.02% increase in AVAX price towards the significant resistance zone at $55.

Transitioning to the daily chart, AVAX breaks out above a descending parallel channel formed since its yearly high. Following this breakout, the price successfully retests the channel’s resistance line as support, validating bullish momentum. In addition, the daily RSI surpasses a bearish divergence trendline and crosses above the 50 level, signaling a shift in control toward the bulls.

3. MultiversX (EGLD)

Over the past 24 hours, MultiversX has experienced a significant 6.98% surge in price, reflecting robust investor interest. Similarly, EGLD’s trading volume and market cap have risen, hitting $100.62 million and $1.33 billion, respectively. Likewise, MultiversX is a formidable contender in the Layer 1 sector, currently holding the #29 rank.

EGLD Price Chart

Assessing its performance over the past year, MultiversX has increased 25%, outperforming most of the top 100 coins. This positive momentum is further bolstered by its liquidity, evidenced by a market dominance of 0.08%. Moreover, MultiversX maintains a neutral sentiment in price prediction, while the Fear & Greed Index indicates moderate greed at 63. 

Looking ahead, experts anticipate promising prospects for MultiversX. Potential collaborations with other networks could drive EGLD Coin’s price above $143.52 by 2024. Even without such announcements, a bullish crypto market trend may sustain MultiversX at an average price of approximately $129.98 by the same year.

4. WOO (WOO)

WOO’s analysis illuminates its trajectory into the top crypto gainers today. Over the past day, WOO rose by 5.78%, currently at $ 0.354450, shooting its trading volume to $ 33.00M. Similarly, this bullish momentum propels WOO’s market cap to an impressive $646.23M. Hence, it has secured its place as a player in the crypto space with a market dominance of 0.04%.

WOO Price Chart

Furthermore, WOO Network’s performance over the past year shows growth potential. With a 77% rally, WOO has outpaced 72% of its crypto counterparts, firmly positioning itself as a standout performer. Moreover, trading above its 200-day SMA further bolsters investor confidence.

 

Also, WOO Network’s supply dynamics warrant attention, with a yearly inflation rate of 52.64%. This translates to creating 628.73M WOO tokens in the last year alone. Despite this, WOO’s high liquidity, as evidenced by its market cap, contributes to its attractiveness among investors.

5. Oasis Network (ROSE)

Oasis Foundation announced the approval of grant funding for Polychain Monsters to integrate Oasis privacy technology into their gaming and collectibles ecosystem. This signifies one of the initial grants approved by the Oasis Grants Program in 2024. With support from Oasis, Polychain Monsters will actively develop documentation and tooling for building confidentiality in Web3 games.

ROSE Price Chart

Furthermore, the current price of WOO Network stands at $0.353791, with a 24-hour trading volume of $32.72 million. In addition, it has a market capitalization of $645.02 million, reflecting a market dominance of 0.04%. Over the last 24 hours, the WOO price has increased by 5.08%. 

Notably, market sentiment actively predicts a bullish trend for the WOO Network. Meanwhile, the Fear & Greed Index indicates a value of 63, reflecting greed in the market. Moreover, WOO is above its 200-day SMA, showcasing positive performance compared to its token sale price. With high liquidity based on market capitalization, WOO has actively outperformed 72% of the top 100 crypto assets in the past year.

6. Sponge V2 ($SPONGE V2)

Sponge’s latest release, V2, has captured significant attention from enthusiasts and investors. This update represents a shift from its predecessor, actively embracing new advancements and capitalizing on emerging bullish trends.

Introducing numerous enhancements, Sponge V2 aims to propel the Sponge Ecosystem to new heights. Hence, a presale is underway to facilitate the transition to V2, offering users exclusive bonuses such as an automatic staking system. This proactive approach aims to retain existing community members. Also, it aims to attract new participants interested in exploring Sponge’s innovative offerings.

Moreover, Sponge’s growth trajectory has been impressive, starting with a valuation of $1 million and experiencing remarkable growth since then. In 2023, Sponge V2 peaked with a market capitalization exceeding $100 million before stabilizing at $16 million. This indicates a promising trajectory for the project’s future and places it among the top crypto gainers today.

7. Cardano (ADA)

Cardano’s price propelled $0.515042 today, a 5.26% intraday increase. The prevailing sentiment regarding Cardano’s price prediction is bullish. Similarly, the Fear & Greed Index is currently registering at 63, indicating a state of greed in the market.

ADA Price Chart

Over the last year, Cardano has experienced a remarkable 27% price surge, outperforming 62% of the top 100 tokens. In addition, it is trading above its 200-day simple moving average, indicating a positive trend. 

Cardano exhibits promising growth and stability, bolstered by its recent performance and market positioning. Given its positive trajectory and market standing, investors and enthusiasts may find it an attractive option within the crypto space.

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