Top 10 Biggest Crypto Gainers Today: SNX, FIL, MKR, RNDR, STX – Find Out More Here
The cryptocurrency market has risen by 7.5% in the past 24 hours, with its total cap reaching $1.05 trillion after what had been a difficult weekend.
Indeed, the market's value had plunged to as low as $966 billion on Saturday, following the news of the collapse of Silicon Valley Bank.
While the similar collapse of Signature Bank (and not to mention of Silvergate Bank) has potentially now made it trickier for cryptocurrency firms to bank, the intervention of US regulators has steadied the market, helping it to recover from its losses.
And some coins have gained more than others, with this article compiling the top 10 biggest crypto gainers today.
SNX is up by an impressive 30% in the past 24 hours, reaching $2.83.
However, it remains down by 8% in a week, although it has risen by 18% in the last 30 days.
SNX's indicators reveal some very strong momentum, suggesting that its rally today could continue for some time yet.
Its relative strength index (purple) has jumped from under 40 to over 50 in the past day, while its 30-day moving average (red) has resumed rising further above its 200-day (blue).
Given just how strongly it has risen today, there's a good chance that the coin could return to its seven-day high of $3.24.
Aside from today's market-wide recovery, SNX is being pushed up by the ongoing rollout of Synthetix V3, which promises to make the decentralized asset insurance protocol more efficient and interoperable.
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CFX is also up by 30% in the past 24 hours, but remains down by 5% in the last seven days.
That said, at $0.189695, the coin has rallied by a massive 233% in the past month, making it one of the best-performing coins during this period.
Its indicators suggest that it could continue its recent rallies,
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