Highlights:
- Maker, now rebranded as Sky, sees renewed interest with a 6.50% increase and trading momentum indicating a possible breakout.
- Mog Coin rises 7.24%, with Orderly Network’s new 10X leverage listing potentially driving further gains.
- Pyth Network surges with bullish indicators, including a strong MACD and RSI, pointing to further upside.
The crypto market is ending uptober in bearish sentiment as most of the coins have lost their recent gains. Despite the bearish outlook, top coins Bitcoin and Ethereum, have managed to stay above $72k and $2,600 levels. The total crypto market cap has declined to $2.37 trillion and $82.64 billion, respectively. Let’s take a look at the best crypto gainers today, including, Maker (MKR), Mog Coin (MOG) and Pyth Network (PYTH).
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Best Crypto Gainers Today
1. Maker (MKR)
Maker (MKR) is one of the best crypto gainers, up 6.50% in the last 24 hours, trading at $1,280. The asset’s market cap has risen above $1.1 billion, ranking it as the 64th-largest cryptocurrency. Daily trading volume has spiked by 60%, reaching $140 million, signaling stronger interest in MKR.
Recently, Maker rebranded to Sky and introduced two upgraded tokens: $SKY, the governance token of the Sky ecosystem, and $USDS, the stablecoin formerly known as DAI. The stablecoin, USDS (Sky Dollar), provides access to native token rewards, enhancing its functionality within the ecosystem.
Crypto analyst World of Charts on X has highlighted a promising setup that hints at a possible breakout on MKR. The token has been trading within a falling wedge on the 12-hour chart, a formation that often signals reduced selling and an imminent upward breakout. Currently, the increase in the trading volume indicates robust buying interest.
$Mkr#Mkr Breaking Out Expecting Move Towards 2000$ Incoming Days Keep Eyes On Mkr For Breakout https://t.co/1PUHQMG0i1 pic.twitter.com/WgOg1MQfUw
— World Of Charts (@WorldOfCharts1) October 31, 2024
Currently, MKR is on the verge of testing resistance at $1,300, aligning with the upper boundary of the wedge. A close above this level could confirm a breakout. If the wedge pattern resolves positively, the analyst sees a potential rise toward $2,000 in the near term.
2. Mog Coin (MOG)
Mog Coin showed a strong performance in October. Currently, MOG trades at $0.000002125, up 7.20% in the last 24 hours and 8% over the week. It’s now only 22% below its all-time high, showing resilience after hitting range lows in September and flipping mid-range levels to support in early October.
In a significant update, Orderly Network has announced futures trading for Mog Coin. The new listing will allow for 10X leverage, offering traders more flexibility. This move reflects growing support for Mog Coin in the market.
New Futures Listing 🔥$MOG | @MogCoinEth
Available with 10X leverage 🤯
Trading will go live on your favorite Orderly-powered DEX shortly 💜 pic.twitter.com/kIEnXYBTM0
— Orderly Network (@OrderlyNetwork) October 29, 2024
With MOG’s steady gains, this new listing could make Mog Coin the next memecoin to explode. The ability to trade futures on Orderly-powered DEXs could drive more interest and spark a fresh rally for the meme coin.
3. Pyth Network (PYTH)
Pyth Network has been trading on a rolecaster ride recently. The coin has surged by 6.13% in the past to trade at $0.4002 in the past 24 hours. In addition, the bullish sentiment has been observed in the weekly and monthly charts, recording gains of 11% and 15%, respectively.
PYTH’s market capitalization has surged by 5%, climbing to $1.46 billion. Moreover, the trading volume surged to $136 million, an impressive increase of 50%, indicating a heightened activity in PYTH’s market.
Looking at the 1-day technical indicators, PYTH exhibits a bullish outlook, suggesting a sustainable uptrend. The Relative Strength Index (RSI) is currently at 63 index, trending toward the overbought region, indicating further room for growth in PYTH.
Moreover, the Moving Average Convergence Index (MACD) indicator hovers in the positive region, with green bars rising on the histogram. The MACD line is climbing further above the signal line, indicating a strong bullish sentiment. Furthermore, the daily moving averages present a buy signal on PYTH market.
Conclusion
Maker, Mog Coin, and Pyth Network lead the best crypto gainers today, showcasing resilience amid a bearish sentiment. With strong technical indicators and rising trading volumes, these assets display promising growth potential, making them top contenders to watch in the coming days.
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