thenewscrypto.com
- The top 3 crypto gainers are BTT, TRX, and MATIC.
- The global crypto market cap has fallen 1.59% to $2.1 trillion, and the market volume is down 1.16% to $61.48 billion.
- Bitcoin is trading above $59.5K, down 2.06%, while Ethereum has dropped 2.73% to $2.5K.
This week, the global cryptocurrency market has shown signs of recovery, with many tokens displaying positive price movements. However, the Fear and Greed Index remains at 45, indicating a neutral market sentiment. Despite this, the global crypto market cap has decreased by 1.59% to $2.1 trillion, and the total market volume has fallen by 1.16% to $61.48 billion.
Bitcoin (BTC) is currently trading above $59.5K, reflecting a 2.06% decline, while Ethereum (ETH) has dropped 2.73%, now at $2.5K. Despite the overall downturn, several cryptocurrencies have posted good gains. Let’s check out the top 3 crypto gainers in the past 24 hours.
BitTorrent (BTT)
In the past 24 hours, BTT has been topping the gainers list, with its price rising by 24.4%, from $0.0000007659 to $0.0000009529. At the time of writing, BTT is trading at $0.0000009339, with a staggering 462% increase in daily trading volume. BTT, a peer-to-peer file-sharing platform, and acquired by TRON in 2018.
BTT saw its price hit a yearly low of $0.0000006961 earlier this month. However, the token has risen 23.31% over the past week, with key resistance found at $0.000001013 and the nearby support at $0.0000007384.
TRON (TRX)
Secondly, TRON has gained 11.35% in the past 24 hours, moving from the low of $0.1484 to the high of $0.1656. Further, the cryptocurrency’s daily trading volume has increased by 134.67% to $1.87 billion. TRX is a native token of TRON, the decentralized blockchain-based operating system developed by the Tron Foundation.
The rally in the TRON resulted from the launch of the SunPump meme coin platform, which has spiked Tron network activity, driving demand for TRX. Further, TRX’s price has reached a three-year high, of $0.1656. In the last 24 hours, the network revenue generated over $3.8 million.
Polygon (MATIC)
Finally, Polygon’s MATIC has increased by 9.39%, trading at $0.4796. The token has climbed from $0.4389 to a high of $0.4797, with trading volume spiking by 57.43%.
Polygon is known for its Ethereum scaling solutions. Further, the transition of MATIC to a new POL token is scheduled for September 4. The new token will replace MATIC as the native gas and staking token for the Polygon network.
MATIC has gained 14.12% over the past week. Meanwhile, it has seen a 10% decline over the past month. The initial resistance is found at $0.5567 and the significant support can be in the $0.3847 range.
Disclaimer: The opinions expressed in this article are solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.