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Top Crypto Gainers Today Feb 1 – Render, Aptos, ApeCoin, Immutable

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Today’s market outlook is similar to yesterday’s trading session, with 10% of the market experiencing positive movement. ApeCoin stands out as the day’s top gainer, boasting a 6.42% increase over the past 24 hours. On the flip side, FTX Token takes the spotlight as today’s biggest loser, facing a substantial loss of -26.23% during the same period.

Biggest Crypto Gainers Today – Top List

Taking a broader view, Dogwifhat has emerged as the champion of the past year, showcasing an impressive gain of 4,813.84%. Meanwhile, Liechtenstein Cryptoassets takes the crown for 2022, marking a commendable 160.86% surge since the year commenced. Peeking through the market, Delegate Labs announces Clusters, a service to connect crypto-wallets across chains after closing a $9 million round.

1. Render (RNDR)

Render has been amassing green candles since September, witnessing an impressive surge of 208% by the close of 2023. This surge gained momentum following a Sentiment report indicating a 131% increase in Render’s social volume over 30 days. Moreover, significant whale transfers and positive market sentiment have sustained this surge.

Further adding to Render’s upward momentum is a recent update from a reputable crypto analyst. In a post, the analyst suggests that the upcoming launch of Apple Version Pro on February 2 could impact Render’s price, potentially extending its bullish run.

Meanwhile, Render’s price is $4.66, with a 24-hour trading volume of $412.69 million. In addition, RNDR’s market capitalization cap experienced a rise to $1.72 billion, representing a 4.88% increase in the last 24 hours. Moreover, RNDR is trading above its 200-day simple moving average, indicating a favorable position. With a high position among the top crypto gainers today, Render (RNDR) continues to attract investor interest.

2. Aptos (APT)

Aptos has endured a rollercoaster ride recently, experiencing notable fluctuations in value. While it saw a significant surge in October 2023, it has faced challenges, particularly over the past year. In January 2024, a sudden influx of new Aptos tokens flooded the market. Due to this event, discussions about its potential impact on trading dynamics rose.

APT Price Chart

Despite these challenges, Aptos has shown resilience since October 2023. However, its price remains considerably lower than a year ago and the previous month. Meanwhile, APT’s market sentiment is bullish, backed by a greed score of 63, indicating investors’ optimism. Currently, Aptos is trading at $9.10, reflecting a modest increase of 2.79% in the last 24 hours. In addition, it’s positioned above the 200-day SMA, suggesting stability in its price movement.

Furthermore, Aptos also boasts high liquidity, supported by its market cap, and currently ranks #19 in the Layer 1 sector. Its circulating supply is 337.78 million APT out of a maximum of 1 billion APT. Notably, the yearly supply inflation rate is 159.83%, with 207.78 million APT created last year.

3. ApeCoin (APE)

ApeCoin increased by 8.49% to reach $1.509693, catapulting it into the top crypto gainers today. Alongside, investors traded about $427.19 million in volumes, indicating significant activity. In addition, the market cap grew by 8.86% to hit $556.46 million, suggesting ApeCoin’s strong position in the market.

APE Price Chart

Moreover, a Fear & Greed Index of 63 reflects investor greed, as market activity is high. ApeCoin has witnessed 15/30 days of green candles, constituting 50% of the observed period.

On another note, ApeCoin ranks 13th in the DeFi Coins sector and 27th and 8th in the NFT Tokens sector. This further highlights APE’s broad appeal across different segments of the crypto market.

Furthermore, collaborations with other networks could further boost ApeCoin’s price, potentially surpassing $12.85. Given the bullish trend, analysts anticipate its average price to stabilize around $11.64 by 2024, making it an attractive long-term investment.

4. Pocket Network (POKT)

Pocket Network saw 9.2K POKT burned in the past week, further fueling the protocol’s revenue. These funds stem from the fees collected from the two Gateways, facilitating the processing of 2.6 billion relays within the network.

POKT Price Chart

Meanwhile, investors are bullish on Pocket Network in the market scene as the Fear & Greed Index registers 63. As such, Pocket Network’s price rose to $0.238976, marking a 4.10% intraday increase.

Over the past year, Pocket Network has exhibited remarkable growth, with its price soaring by 305%. This performance places it ahead of 91% of the top 100 coins, including Bitcoin and Ethereum. Notably, Pocket Network’s price is trading above the 200-day simple moving average, indicating a favorable trend.

5. Immutable (IMX)

The Immutable ZkEVM debuted on QuickNode, providing developers with a scalable, secure, and cost-effective platform to enhance Web3 game development. Meanwhile, market conditions have been favorable, with IMX hitting the top crypto gainers today. Immutable’s price is currently $1.984206 after a 2.21% rally generated bullish sentiment among investors. 

IMX Price Chart

Furthermore, IMX is above its 200-day moving average, surging by 176% in the past year. Hence, IMX remains an attractive investment option with a market cap of $2.69 billion and high liquidity. 

Moreover, analysts predict that if ImmutableX collaborates with other networks, IMX could surpass $2.96 by 2024. Nonetheless, the average price may reach around $2.68 in a bullish market scenario. 

Overall, the debut on QuickNode highlights the platform’s commitment to supporting Web3 game development, offering scalability and security. Investors actively monitor potential collaborations and market trends to seize growth opportunities within the Immutable X ecosystem.

6. Synthetix (SNX)

Synthetix has introduced the SIP-237 proposal to simplify the process of moving staked SNX and sUSD debt to Optimism (OP) without burning sUSD debt. This change aims to address user concerns and make migration easier.

SNX Price Chart

Meanwhile, the intraday trading session has seen SNX enter the top crypto gainers today. Synthetix has seen a slight 0.92% increase in the last 24 hours. Alongside, it amassed a trading volume of $65.92M and a market dominance of 0.02%. 

Over the past year, SNX’s price has risen by 39%, outperforming 62% of the top 100 crypto assets. Moreover, it’s above the 200-day SMA and has a market cap of $360.67M, indicating high liquidity.

7. Sponge V2 ($SPONGE V2)

Crypto enthusiasts eagerly anticipate Sponge’s latest release, V2, which signifies a significant leap forward from its predecessor. This new version embraces the latest advancements and capitalizes on emerging bullish trends. Along these lines, it secures a spot among the top crypto gainers today.

Building upon its solid foundation, Sponge V2 introduces substantial enhancements to elevate the Sponge Ecosystem to new heights. Moreover, a presale is underway to facilitate the transition to V2, offering users exclusive bonuses, including an automatic staking system. This proactive approach aims to retain existing community members. 

In addition, it attracts new participants interested in exploring Sponge’s innovative offerings. Sponge’s growth trajectory is impressive, starting with a valuation of $1 million and experiencing remarkable growth since then. Sponge V2 reached a peak market capitalization exceeding $100 million in 2023 before stabilizing at $16 million, indicating a promising trajectory for the project’s future.

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