The cryptocurrency market has dropped by 1.3% in the past 24 hours. Its total cap now stands at $965 billion, representing a dip of 0.5% in a week, and a drop of 5% in a month. However, while prices are down on average, a number of coins have posted some notable gains in the past day, as well as in the past week. This article takes a look at them, compiling the biggest crypto gainers today, including IOTA, LUNA, QNT, ZEC and TAMA.
Biggest Crypto Gainers Today
IOTA is up by an impressive 8% in the past 24 hours, reaching $0.304384. This price also represents a 21% jump in a week, as well as a 9% increase in the last 30 days.
IOTA’s indicators suggest a rally in its earlier stages. Its relative strength index (in purple) has risen from just under 40 a few days ago to 60 today, indicating some very good momentum. Its 30-day moving average (red) is still underneath its 200-day (blue), also suggesting that its rally over the past few hours could continue.
Indeed, IOTA is rallying precisely because of an upcoming event. Namely, Iota will be launching its Shimmer network on Wednesday (September 28), something which has increased market demand for IOTA.
Shimmer will serve as a kind of DeFi sub-network within the overall Iota ecosystem, enabling staking for the first time on Iota. It shows the formerly Internet of Things-focused network branching out.
At $120.37, QNT is up by 4% today. It has also increased by 16% in a day and by 22% in a month.
QNT’s indicators show very strong momentum, with its RSI nearing 70 and its 30-day average rising above its 200-day. However, given how high these indicators are, this could mean QNT’s ongoing rally doesn’t have too much longer left to run.
There’s no clear trigger for QNT’s rally over the past few days, other than that it has been riding increased momentum on the back of increasing using of its multi-chain network.
TAMA is still too young to be tracked by either CoinGecko or CoinMarketCap yet, but it has recently announced news of a listing on major exchange OKX, as well as on OKX’s DEX. This will begin from tomorrow (September 27) at 12pm BST (or 11am UTC), and could see the new altcoin rise well above its presale price.
TAMA is the native token of the Tamadoge platform, an Ethereum-based metaverse in which users can breed, battle with and sell (NTF-based) Tamadoge pets. It managed to surpass its presale target of $2 million, in the end raising close to $19 million before this sale closed.
ZEC is up by 4% in the past 24 hours. At $58.14, it’s also up by 9% in a week, but down by 5% in a month.
ZEC’s indicators are in a promising zone, signalling the possible beginning of a wider rally. Both its RSI and 30-day average are near bottoms but starting rise, indicating more momentum ahead.
ZEC appears to be rallying in large part because it has seen more usage in the wake of Tornado Cash’s ban in the US, with demand for privacy moving to the long-running privacy coin.
Reserve Rights (RSR)
RSR is $0.00816889 as of writing, indicating a 3% rise in a day. Impressively, it has also increased by 53% in a week and by 44% in a month.
RSR’s relative strength index has gone through the roof in the past few days, from just under 40 to 70. But with its 30-day average still below its 200-day, this momentum could still continue for a while yet.
A pool of stablecoins intended to increase diversification and decrease risk, Reserve Rights is rallying because it has just announced the full such of its protocol. This is due on October 20, so expect RSR to rally until then, if not beyond.
At $4.66, HNT has risen by 4% in 24 hours. It has also appreciated by 17% in a week, although it’s down by 21% in the last 30 days.
HNT’s indicators have begun to rise after hitting bottoms around the beginning of this months. Its RSI has gone from under 30 to just under 50 today, meaning that it’s only really at the start of a possible rally.
HNT has been rallying ever since Helium announced a partnership with T-Mobile, whereby it would launch “the world’s first cryptocarrier.” This is certainly big news for the IoT- and wireless-focused network, and could see its usage grow exponentially.
APE is $5.62 this morning. This means it has climbed by 2% in 24 hours, and by 10% in a week. It has also increased in value by 17.5% in the last 30 days.
APE’s indicators are quite volatile at the moment, with its RSI fluctuating between highs and lows over the past month. However, this is what makes it a potentially profitable coin.
APE is rising largely on the back of the launch of X, a marketplace for Bored Ape Yacht Club-related NFTs. Given this launch, the sale of ApeCoin-related NFTs could increase significantly, which in turn would create increase demand for APE itself, as its wider ecosystem became more valuable.
While LUNA is down by 8% in the past day and 18% in the past week, it remains up by 39% in the last 30 days. At $2.25, it’s also 47% up from its all-time low of $1.53, set at the end of last month.
LUNA’s indicators suggest it could be about to rise again after a very turbulent period.
Of course, things have become uncertain again after Interpol issued a ‘red notice’ for Terra co-founder Do Kwon, who’s whereabouts remain a mystery, as of writing.
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