After seeing a rise of 26%, Bonk has now slipped to the second position in terms of gains, following Helium, as per a report from CoinMarketCap on January 9th.
Today’s Top Crypto Winners and Losers
In the latest update, Helium (HNT) has claimed the top spot in the list of gainers. The decentralized blockchain network focused on IoT devices has surged by 27.1% in the last 24 hours, with a trading volume of $41 million.
Helium’s mainnet, launched in July 2019, enables efficient communication and data transmission for low-powered wireless devices across its network of nodes. The rise of Helium coincides with the increasing interest in Solana, which has driven the meme coin, Dogwifhat, up by 71% on the same day.
Following Helium is Bonk (BONK), with a gain of 25.7%, making it the second-highest gainer on the charts. Bonk has witnessed a significant increase in its daily trading volume, reaching an impressive $326 million. A large portion of BONK’s trading volume, 36.2%, comes from Binance, particularly with the USDT trading pair. Technical analysis suggests that the price of BONK could surge again, potentially reclaiming its position as a top gainer.
In third place is Bitcoin SV (BSV), priced at $91.34, showing a notable 19.2% increase in the last 24 hours. The cryptocurrency market is anticipating significant developments, with focus on two key factors.
The market is eagerly awaiting the SEC’s decision tomorrow on the introduction of a Bitcoin Spot ETF, which has garnered considerable attention. Additionally, the upcoming Bitcoin halving event scheduled for late April 2024 adds to the excitement in the cryptocurrency space.
Analysts have noted that not all is smooth sailing, and the market remains volatile as the world awaits a decision on the Bitcoin ETF spot.
For more updates:
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