Best Crypto Gainers Today, March 20 – SONIC, BONK, XRP

Highlights:

• Today’s best crypto gainers are Sonic, Bonk, and XRP, with notable market surges after the FOMC meeting.
• Sonic emerged as the best crypto gainer reaching $0.5430 with the key market developments.
• XRP surged in the wake of its case dismissal by the SEC.

The crypto market witnessed a major uptick following the U.S. Federal Reserve’s FOMC meeting, which decided to leave the interest rate unchanged. Following the announcement, the market cap surged 2.60% to $2.80 trillion, while the 24-hour trading volume climbed to $104 billion.

In addition, crypto prices reacted positively, with Bitcoin retracing the $87K mark while major altcoins recorded significant gains. Amidst this bullish sentiment, let’s take a look at the best crypto gainers today, such as Sonic, Bonk, and XRP.

Best Crypto Gainers Today

1. Sonic (S)

Sonic has emerged as the best crypto gainer today, surging 9% in the past 24 hours to trade at $0.528. Over the past week, Sonic is up 20% despite the weekly decline of 8%. The altcoin has traded between the $0.4 and $1 range over the past 30 days. Furthermore, its market cap and trading volume have surged to $1.56 billion and $210 million, respectively.

SonicSVM is gaining attention as its chart signals a rounded bottom formation. The market is stabilizing, and key indicators suggest accumulation by major players. Recently, SonicSVM has released its mainnet alpha, staking, and a new node dashboard. For the ecosystem, it also unveiled HyperGrid Bridge and SONIC Mobius Hackathon.

Buying $SONIC on #KuCoin

Looks like the market is stabilizing, making it a good time to invest in promising, undervalued tokens. $SONIC @SonicSVM is among them, which is the first SVM to launch on #Solana for games and applications.

The SONIC ecosystem is gaining momentum with… pic.twitter.com/fOVXAJxQIP

— Shelby (@CryptoNewton) March 19, 2025

The project raised more than $16 million and will not release tokens until 2026. SonicSVM listed on major exchanges continues to strive for further market presence. These developments position it as a key player in Solana’s gaming and application sector.

2. BONK

BONK, the dog-themed memecoin on the blockchain, is trading at $0.0000114, up by 7% in the past 24 hours. After consolidating around the $0.0000110 region, the memecoin surged to $0.0000125, where it faced a stiff rejection. It has a market cap and trading volume of $912 million and $168 million, respectively.

Technical indicators on the 1-day chart suggest a bullish reversal as the selling pressure eases. The RSI has recovered to the neutral region from the oversold region, indicating increased buying pressure. Additionally, the RSI has further room for growth in the overbought area, indicating an imminent price rally for the memecoin.

Furthermore, BONK’s open interest has surged 11.67% to $9.99 million, indicating an entry of fresh capital and strong market trends. Moreover, the trading volume has surged by 240%, indicating increased participation and liquidity, which could open the floor for further upside.

3. XRP

XRP has witnessed a major upswing, breaking past the key resistance in the $2.50 region. The altcoin is trading at $2.49, up 6.50% in the past 24 hours. XRP is up 11% on the weekly chart with a market cap and trading volume of $145 billion and $10.55 billion, respectively.

XRP’s rally was attributed to the SEC’s decision to dismiss the lawsuit on XRP as a security, a case which has run for four years. The case started back in December 2020, when the SEC accused Ripple of conducting unregistered sales of XRP worth $1.3 billion. However, the SEC hasn’t officially confirmed the move.

This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.

The future is bright. Let's build. pic.twitter.com/7WsD0C92Cm

— Brad Garlinghouse (@bgarlinghouse) March 19, 2025

After Ripple’s victory, Bitnomial has started offering CFTC-regulated XRP futures contracts for trading that include physical delivery for US traders. This brings an additional market opportunity for XRP market participants.