The crypto market on October 1, 2024, saw solid gains in a lot of altcoins. Tokens both old and new were trending upward, so let's dive in and take a closer look at the top gainers for the day.
Fantom (FTM) led the pack, pushing its price 7.88% higher. Trading volume for the day touched $289,271,679 for Fantom as more users turned their attention to this high-performance blockchain.
This platform was created to allow fast and secure transactions, which is precisely why dApps will find this new home very appealing. The recent price action has heightened the interest in the Fantom ecosystem as developers and users alike turn their attention toward its potential for scalable solutions.
Popcat (SOL) lagged behind but still managed to add 7.40% to end at $1.02 with a trading volume of $143,146,432. As the meme coin under Solana, the Popcat project continues to gain benefits from the rising adoption of meme tokens.
From the meme, the project has survived and attracted retail traders in search of easy money in the bullish cryptocurrency market.
Helium (HNT) also enjoyed significant appreciation, up to 7.17%, trading at $8.12 and having a 24-hour trading volume of $17,099,813.
Helium is a decentralized wireless network that allows for the generation and maintenance of a low-power, wide-area network (LPWAN) for IoT devices. Its model attracted big interest, particularly as an increase in IoT adoption continues.
Dogwifhat (WIF) made an incredible leap of 5.88%, pushing the price up to $2.58. It also demonstrated a fantastic trading volume of $678,840,693 and was quite in action in the market.
This meme coin enjoys the advantage of community vibes and speculating trends that make it more developed for a competitive market.
Beam (BEAM) gained 5.40% and currently has a trading value of $0.02007 with $27,426,205 traded. Beam values privacy and anonymity, giving the user a private transaction. It's a time when data security fears are on the rise; therefore, the need for a private solution brings Beam into the discussion.
Sui (SUI) has a 4.57% appreciation, ramping up to $1.86. Trading volume hits an impressive $842,887,997. This blockchain presents a high-performance environment, it does not believe in low-latency transactions, among many things.
Which makes it ideal for the provision of different services in real-time. The way it processes transactions attracts more developers into this market and sets it as a contributor to the increase in price.
One of the meme tokens, Bonk (BONK) rose by 3.62%, being traded for $0.00002536. The volume of its trades today touches $464,937,567. The token is yet one of the meme-inspired that seems to be keeping the interests of traders high and warms up memories over recent trends when quite some meme coins did pretty well in the market.
Injective (INJ) was 3.57% higher and traded for $24.41, with the volume traded at $144,276,027. It's a decentralized exchange protocol that provides fast and secure trading experiences without necessitating intermediaries, which means that it will attract any user in search of novel trading solutions.
Uniswap (UNI) gained 3.56% and was trading at $7.76 with a volume of $185,009,971. As many transactions as possible depend on its automated market-making model, it is no wonder that more and more token traders rush into Uniswap to swap tokens without going through traditional centralized exchanges.
NEAR Protocol (NEAR) surged 3.23%. Its price stands at $5.53 and has traded $339,819,730 in volume so far. Its design focuses on high throughput and low fees which is an attractive draw for developers building dApps.
The growing number of projects that form its ecosystem build upon the appeal of this blockchain player in the competitive blockchain landscape.
The cryptocurrency market on October 1, 2024, was strong and focused on the upside direction in multiple tokens. Fantom was on a roll due to increasing interest and acknowledgment within its ecosystem, and Popcat and Helium cashed in based on success associated with meme coins and newer, more revolutionary blockchain applications.
As the market keeps growing, leading gainers such as these bring crucial insight into sectors and innovations helping the cryptocurrency space grow.