Today’s CoinMarketCap data shows some big changes in how altcoins are doing as the crypto market keeps going up and down. Here are the key tokens that traders are closely monitoring, ranging from sudden price spikes to significant declines.
Top Gainers: Bulls Take Control
Adventure Gold (AGLD) is in the lead, with a huge gain of more than 43% in the last 24 hours. The rise comes at a time when decentralized gaming tokens are getting more attention and some low-cap projects are gaining new momentum. Both short-term speculators and long-term holders are betting on AGLD’s usefulness in gaming ecosystems as its price rises.
API3 is next on the list of things that went up, with a 30% rise. API3 is a decentralized oracle network that is becoming more popular as more people become interested in DePIN and Web3 infrastructure tokens. Technical indicators and more mentions on social media helped the rally along, showing that the community is getting more involved.
Hooked Protocol (HOOK) also did well today, going up about 22%. After recent updates to the platform and new campaigns to teach people about Web3 and make it more fun, the token has seen a steady rise in volume and interest.
Bears Hit Back: The Top Losers
Cheelee (CHEEL) is at the top of the loser board with a 14% drop, which is bad news. The token, which had gone up a lot before, is now going down quickly. Some traders say that the pullback could be because the market is overbought and there haven’t been any new developments.
CorgiAI (CORGIAI) also dropped 12%, which was due to low volume and profit taking after recent gains. Even though the community is behind it, the project seems to be losing steam in the short term.
XCAD Network (XCAD) also saw a significant drop of 11%, which suggests that momentum is slowing down as the market as a whole settles down. This is even though it was excited about creator monetization on Web3 before.
Daily gainers and losers always give us a look at new stories and how investors’ feelings are changing. Traders are watching these wild swings very closely because new chances and risks keep coming up at the same time.
Also read: Tether Mints Another Billion as Bitcoin Eyes Fresh Breakout
