Top Crypto Winners Today Jan 11 – MultiversX, Arweave, Jito, Fantom

If we break down today’s cryptocurrency market, about 27% of digital currencies are in the green. The top crypto winner of the day is Dogwifhat, which has shown an impressive increase of 88.49% in the last 24 hours. Conversely, Akash Network takes the spotlight as the biggest loser, with a decline of 8.19% during the same period.

Biggest Crypto Winners Today – Top List

Bitcoin recently rose 6.7%, reaching $49,021 at its peak before falling back. This price jump is linked to the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC). The SEC gave the green light after markets closed on Wednesday.

1. Jito (JTO)

Jito reaches the top crypto profit today at $1.936875, marking a 24.89% rise in 24 hours. The cryptocurrency’s trading volume over this period stands at an impressive $542.51 million. It contributes to a market capitalization of $227.00 million and a market dominance of 0.01%.

Currently, the market sentiment for Jito’s price forecast is bearish. Additionally, the Fear and Greed index hit 76, reflecting an extreme level of greed in the market.

We sat down with Jito contributor @buffalu__ to find out how the Jito client improves @solana for the everyday user.

This is what he had to say. #DemocratizeMEV pic.twitter.com/BeFQAsQENG

— Jito (@jito_sol) January 9, 2024

Furthermore, Jito’s circulating supply is currently at 117.20 million JTO out of a maximum supply of 1.00 billion JTO. In addition, it is positioned as the 26th in the DeFi Coins sector and ranks third in the Solana Network sector by market capitalization. Jito highlights its robust liquidity, driven by its market capitalization.

2. Flow (FLOW)

Flow is observed at a trading price of $0.901413, showing an increase of 22.14% in the last 24 hours. Analyzing key highlights, Flow is up 14% in the past year and is trading above the 200-day simple moving average. Also, performance compared to the token sale price was positive.

Over the past 30 days, there have been 16 green days, accounting for 53% of the observed period. This reflects a prevailing bullish sentiment and places the coin among the top crypto gainers today. Meanwhile, the Fear & Greed Index currently indicates a value of 76, indicating extreme greed in the market.

GM ☕️

If you’re a developer #onFlow, join us tomorrow for the Smart Contract Open House call!

🗓️ 9:00 AM PT, Jan. 9, 2024

This call will be dedicated to discussing V2 Token standards for Cadence 1.0. You can find the detailed subject list and the link for your calendar below ⤵️

— Flow 🌊 (@flow_blockchain) January 8, 2024

Furthermore, Flow has a trading volume of $194.16 million. This indicates a market capitalization of $1.34 billion and a market dominance of 0.07%. Additionally, Flow’s circulating supply is 1.48 billion FLOW out of a maximum supply of 1.37 billion FLOW. Over the past year, the annual supply inflation rate stood at 43.05%, creating 446.09 million FLOEI.

3. NEAR Protocol (NEAR)

NEAR has seen an impressive 135% growth over the past year, ranking above 68% of the top 100 crypto assets. Notably, NEAR has overtaken both Bitcoin and Ethereum in this period. The coin’s current value is $3.73, with a market cap of $4.17 billion and a market dominance of 0.21%.

From a technical point of view, NEAR Protocol is doing well, positioned above its 200-day simple moving average, indicating positive market sentiment. Looking at recent trading trends, 16 positive days out of the last 30 resulted in a positive trading frequency of 53%, showing consistent market activity.

Calling all developers!

Build on NEAR with ease.

Robust developer stack supporting Rust, JavaScript and Solidity on @auroraisnear

Seamless tools, blockchain data indexing, and a decentralized front-end make app creation a breeze. 🤠 pic.twitter.com/zZhLeJI6Nr

— NEAR Protocol (@NEARProtocol) January 10, 2024

In addition, the NEAR protocol boasts significant liquidity, as reflected in its market capitalization, which indicates significant tradable assets. The Fear and Greed index, currently at 76, indicates a prevailing bullish sentiment, highlighting market confidence.

4. Arweave (AR)

Arweave makes another entry into the best crypto profit today, trading at $9.45. AR increased by 15.72 and reached an intraday value of $72.42 million. Therefore, it contributes to an overall market capitalization of $618.39 million. Despite being the 45th ranked cryptocurrency in the Layer 1 sector, Arweave maintains a relatively modest market dominance of 0.03%.

Furthermore, investors can be optimistic as Arweave’s price forecast is trending towards a bullish sentiment. AR’s Fear & Greed Index reading of 76 reflects the market’s extreme greed. In particular, Arweave’s circulating supply stands at 65.45 million out of a maximum supply of 66.00 million.

We now have a choice of where to put our most valued data: the increasingly centralized Internet or use Arweave and the Permaweb. pic.twitter.com/ag6cKg8jpU

— Only Arweave (@onlyarweave) January 10, 2024

Meanwhile, the project experienced an annual supply inflation rate of 96.00%, generating AR 32.06 million over the past year. Moving to performance metrics, Arweave has shown a 27% price increase over the past year. Furthermore, its current trading position is above the 200-day simple moving average, reinforcing a positive trend.

5. Sponge V2 ($SPONGE V2)

Sponge V2 has experienced significant growth since its launch, increasing its initial value of $1 million. In 2023, the token reached its highest market value at over $100 million, which stabilized at $16 million. As a result, the project has gained a user base of over 11,500 containers, demonstrating an engaged community.

🌐 Daily Strike Update!

We have reached 4,600,326,590 $SPONGE tokens currently valued at $3,963,388.83 with an impressive current 351% APY. 🚀

Join our thriving #SpongeV2 community today and grow with us! 🧽💦#AltSeason #CryptoStaking #Web3 pic.twitter.com/TV6JOfQssa

— $SPONGE (@spongoneth) January 11, 2024

At the heart of Sponge V2 is its Stake-to-Bridge model, which helps current $SPONGE holders move to the V2 system. This model encourages existing holders to engage using staking mechanisms, incentivizing users to participate in the updated ecosystem.

Optimistically, the project’s roadmap includes plans for primary stock market listings, suggesting potential growth opportunities. With a community of 30,000 members, Sponge V2 has attracted the attention of investors exploring opportunities in the cryptocurrency market.

6. Phantom (FTM)

Fantom’s price is $0.430128, with a trading volume of $396.43 million and a market capitalization of $1.21 billion. Furthermore, FTM has a share of 0.07% of the overall market. In the past day, its price has increased by 10.61%, hitting the best crypto gain today.

Recent indicators point to a positive sentiment in the market, with a bullish forecast for Fantom’s price. The Fear and Greed index is 76, indicating extreme market enthusiasm. In terms of supply, there are now 2.80 billion FTM tokens in circulation out of a maximum supply of 3.18 billion FTM.

📢 New feature added to fWallet!

The latest #Fantom fWallet release now offers a rich and complete transaction history, allowing users to search, filter and execute past transactions for a more informative wallet experience.

Access fWallet 👇 https://t.co/uE0yZk3pS4 pic.twitter.com/9LtiiKoSE3

— Fantom Foundation (@FantomFDN)

Over the past year, there has been an annual supply inflation rate of 10.16%, creating 258.63 million FTM. Furthermore, Fantom holds the 9th position in the DeFi Coins sector and is 34th in the Layer 1 sector. It is trading above its 200-day simple moving average, showing positive performance relative to its ticker price.

7. MultiversX (EGLD)

MultiversX grabs market attention by hitting the top crypto earners today. EGLD has seen a significant 62% increase in its price over the past year, currently at $56.55. This positive trend is consistent with its consistent trading position above the 200-day simple moving average.

Elrond showed strong performance compared to its initial token sale price. Furthermore, an intraday trading volume of $176.89 million means that Elrond maintains a market capitalization of $1.34 billion, indicating a high level of liquidity.

Using #MultiversX to make human-validated data scalable, cost-effective and instantly available.@Ta_da_io connects end users to the next phase in AI development.

Research paper and event details available on @xLaunchpadApp 🔥 https://t.co/rgWEdUHVIM

— MultiversX (@MultiversX) January 10, 2024

However, EGLD’s price sentiment is neutral, and the Fear & Greed Index indicates a value of 76. This indicates extreme greed in the market sentiment. Additionally, Elrond’s circulating supply is 23.74 million out of a maximum supply of 31.42 million. In the Layer 1 sector, Elrond occupies the 30th position in terms of market capitalization.

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