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CryptocurrencyOn-chain Data / AnalysisThe Open Network (TON)

Top Five 24-Hour Gainers on CoinMarketCap

Key Insights:

  • Internet Computer leads as the top gainer in a dynamic crypto landscape.
  • Revived project Toncoin emerges as a notable contender in the crypto space.
  • Optimism shines, enhancing Ethereum’s scalability and bolstering its market cap.

The crypto world is a dynamic one. Significantly, the past 24 hours have revealed the rapid growth of some unique digital assets. On CoinMarketCap, the foremost crypto aggregation platform, several coins stood out with remarkable gains. Notably, Internet Computer (ICP), Synthetix (SNX), Toncoin (TON), Casper (CSPR), and Optimism (OP) topped the list.

Internet Computer (ICP) Leading the Pack

Leading the march is Internet Computer, a blockchain solution for building online systems and services. Its unique proposition eliminates reliance on centralized protocols like cloud services. Consequently, it has carved a niche for itself in the crypto space. Over the past 24 hours, ICP, the platform’s native token, recorded a gain of 4.09% to trade at $4.28 at the time of writing. This rise has contributed to ICP’s impressive market cap of $1.87 billion, underscored by a circulating supply of 439,153,002 ICP.

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Synthetix (SNX)

Besides ICP, Synthetix (SNX) experienced significant growth. It is a decentralized liquidity provisioning protocol that other blockchain protocols can access for diverse purposes. The SNX native token shot up by 3.84% in the past 24 hours to trade at $3.07. This surge has propelled the SNX market cap to an impressive $822 million, with a circulating supply of 267,525,471 SNX.

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Toncoin (TON)

Toncoin, initially a project of the Telegram messaging platform, now called “The Open Network” (TON), also featured among the top gainers. Despite a few years of abandonment, TON Foundation revived the project, whose original goal was to settle payments. After gaining 3.92% in the last 24 hours to trade at $1.51, TON now boasts a market cap of $5.08 billion and a circulating supply of 3,431,892,088 TON.

Casper (CSPR)

Moreover, the Casper project stands out for its ambitions to expand the global adoption of blockchain technology, Smart Contracts, and DApps. The CSPR token gained 4.06% in the past 24 hours to trade at $0.04064. This gain has solidified its market cap of $450.3 million, based on a circulating supply of 11,190,180,406 CSPR.

Optimism (OP)

Optimism (OP), a layer-two blockchain protocol on the Ethereum network, has also shown impressive growth. This protocol enhances Ethereum’s scalability through the implementation of optimistic rollups. With a 24-hour gain of 1.86% to trade at $1.56, OP now possesses a market cap of $1.06 billion, thanks to a circulating supply of 679,080,066 OP.

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Conclusion

In conclusion, the ever-unpredictable and vibrant crypto landscape remains a playground for exciting projects. The past 24 hours have seen a significant increase in the value of some digital assets. Hence, investors and enthusiasts should watch Internet Computer, Synthetix, Toncoin, Casper, and Optimism as potential key players in the crypto game.


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Curtis Dye

Curtis is a cryptocurrency news and analytics author with a focus on DeFi, BLockchain, CeFi, NFTs etc. He has publication skills such as SEO optimization, Wordpress, Surfer tools and aids his viewers with insights on the volatile crypto industry.

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