Biggest Crypto Gainers Today 5 October – DOGE, BCH, GMX, BNB, XRP
The crypto market surpassed the $1 trillion capitalization mark yesterday. Although it has slipped below the price peg, the broader crypto market appears to be consolidating. Several assets are very attractive today. In this article, we’ll consider the biggest crypto gainers.
1. Dogecoin (DOGE)
Dogecoin is one of the market’s best meme coins. The price of the digital asset has pumped massively largely due to its online following, with many investors committed to seeing its price hit the $1 peg.
At press time, DOGE trades at $0.064. The crypto asset is on a bull run marked by a 6.10% increase in its price in the past 24 hours.
DOGE’s price increase appears to be because of the progress made with Elon Musk’s Twitter takeover. The billionaire has claimed he is ready to proceed with his $44 billion takeover of the social media giant.
And recent revelations indicate that Musk has some plans for integrating DOGE in his fight against spam bots on Twitter. Several DOGE investors are thrilled by Musk’s plan.
2. Bitcoin Cash (BCH)
Bitcoin Cash is the biggest and most popular fork of the Bitcoin blockchain. The cryptocurrency was designed as a more scalable payment network and store of value than its older counterpart.
BCH currently trades at $120.50. The asset’s price has pumped by 1.29% in the past 24 hours, beating the broader market.
The biggest driver of gains for BCH has been the launch of BCH Bull, a decentralized crypto exchange that allows users to long or hedge BCH against several tradable assets. General Protocols built the platform, and it pairs BCH with several tradable assets such as the dollar, Bitcoin (BTC), Ether (ETH), and gold.
3. GMX (GMX)
Next on the list of the biggest crypto gainers is GMX. The digital asset is the native token for GMX, a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades.
With a current price of $50.66, GMX is on an uptrend of 35.47% in the past 24 hours. The digital asset’s price surge is a result of its listing in the Binance Innovation Zone, a move which will see the centralized exchange open trading for GMX/BTC, GMX/BUSD and GMX/USDT trading pairs on October 5.
GMX could easily be one of the best new cryptocurrencies. Value-seeking investors could also check out other assets tied to impressive blockchain projects, such as IMPT. IMPT has been termed the greenest crypto as it tackles carbon emissions. Investors can buy the IMPT token now on presale on its website.
4. Binance Coin (BNB)
The market’s largest exchange token, BNB, is also on our list of the biggest crypto gainers today. The token is tied to the Binance exchange, which has continued to expand across the board.
Trading at $292.11, BNB is on an uptrend of 0.20% in the past 24 hours. However, the asset’s 6.95% gain in the past week is even more impressive.
BNB’s gains have been tied to Binance’s expansion efforts. The crypto exchange recently opened two offices in Brazil and obtained regulatory approval to operate in New Zealand.
As the market continues to grow, Binance is positioned to remain the leading exchange. The company has done a relatively good job of maintaining its foothold in major markets while being the first mover in markets that are just opening up to crypto.
5. XRP (XRP)
Next on the list of the biggest crypto gainers is XRP, the crypto market’s leading payment-focused asset. The token was created to be the global standard for cross-border transactions. Its developers have partnered with multiple financial giants to improve its use cases.
The current price of XRP stands at $0.4799. It is on a bull run marked by a 2.64% price increase in the past 24 hours.
XRP recently pumped after Binance added it to its list of Dual investment products. The exchange allows users to access its Buy Low and Sell High XRP investment products at their selected prices and dates.