A 24-hour period can result in drastic price changes in the ever-dynamic cryptocurrency market. The crypto world’s volatility is unparalleled, from triple-digit percentage gains to double-digit losses. Let’s delve into the top crypto gainers and losers of the last 24 hours to understand the trends and factors contributing to these dramatic price movements.
The Top Crypto Gainers
Highlights
In the last 24 hours, Escroco Emerald (ESCE) saw an astronomical 5,471.44% increase, raising its price to $0.135. Close behind, ARAW (ARAW) surged by 3,430.87%, leading to a current price of $0.058. Centurion (CNT) experienced a 144.91% increase in the third spot, pushing its price to $2.37. Global Currency Reserve (GCR) and FantasyGold (FGC) followed suit, rising by 99.14% and 95.10%, respectively. This sudden growth can be attributed to various factors, such as significant announcements by the project teams, increased investor interest, or external market factors.
It is important to note that GCR was also listed as a top gainer in the data provided earlier, reinforcing its upward momentum. On the contrary, Hifi Finance (HIFI), which showed substantial growth of 10.54% in the previous dataset, has since experienced a decline, underscoring the unpredictable nature of the crypto market.
Details
| Name | Symbol | Current Price | Percent Change 24h |
|---|---|---|---|
| Escroco Emerald | ESCE | $0.135 | 5,471.44 |
| ARAW | ARAW | $0.058 | 3,430.87 |
| Centurion | CNT | $2.37 | 144.91 |
| Global Currency Reserve | GCR | $1.43 | 99.14 |
| FantasyGold | FGC | $10.75 | 95.10 |
| Celsius | CEL | $0.167 | 48.20 |
| Cannation | CNNC | $55.45 | 30.40 |
| Compound | COMP | $50.32 | 26.73 |
| AVINOC | AVINOC | $0.139 | 25.84 |
| FTX Token | FTT | $2.06 | 23.05 |
The Top Crypto Losers
Highlights
Conversely, TomoChain (TOMO), a scalable blockchain solution, has faced the highest loss, with a 22.91% decrease over the past 24 hours, leading to a current price of $1.13. This is followed by Maverick Protocol (MAV), which saw a significant 17.06% drop. Augur (REP) and Astrafer (ASTRAFER) also experienced substantial decreases, with REP seeing a 14.76% drop and ASTRAFER falling by 12.47%.
Interestingly, Maverick Protocol (MAV) and Global Currency Reserve (GCR), which were top gainers in the previous dataset, have now entered the list of top losers. This demonstrates the rapid fluctuations and extreme volatility inherent to cryptocurrencies.
Details
| Name | Symbol | Current Price | Percent Change 24h |
|---|---|---|---|
| Dejitaru Tsuka | TSUKA | $0.042 | -5.33 |
| LCX | LCX | $0.070 | -5.72 |
| Hifi Finance | HIFI | $0.331 | -5.81 |
| Braintrust | BTRST | $0.458 | -7.46 |
| ABBC Coin | ABBC | $0.072 | -8.93 |
| Verge | XVG | $0.0030 | -9.57 |
| Astrafer | ASTRAFER | $0.681 | -12.47 |
| Augur | REP | $4.06 | -14.76 |
| Maverick Protocol | MAV | $0.418 | -17.06 |
| TomoChain | TOMO | $1.13 | -22.91 |
Concluding Thoughts
In both the gainers and losers, we see examples of substantial swings within a single 24-hour period, sometimes even contradicting the trends observed in the prior 24 hours. These dramatic changes underline the need for careful research and risk management when investing in cryptocurrencies.
For new and experienced investors alike, it is crucial to remain aware of market trends and project-specific updates and be ready to adapt quickly to changing circumstances. While these large fluctuations can present lucrative opportunities for high returns, they also come with substantial risks. Diversifying investments and not putting all eggs in one basket can help manage these risks.