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The start of November 2024 has presented the cryptocurrency market with remarkable gainers, reflecting strong performances from a mix of both major players and emerging altcoins. From decentralized finance tokens to prominent digital assets, these gainers illustrate trends and shifting market interests. This article provides an analysis of the top 15 gainers this month, highlighting their growth percentages, market prices, and trading volumes.
Maker (MKR) leads the list of top gainers with a price of $1,267.55, marking a 14.15% increase over the past seven days. Maker, a decentralized finance (DeFi) platform on the Ethereum blockchain, enables users to generate the DAI stablecoin through collateralized loans. This week, Maker saw a trading volume of $157,964,740, reflecting strong investor interest. The DeFi appeal of Maker continues to attract traders and investors, positioning it as a significant asset within the market.
Dogecoin, a well-known meme coin, follows closely with a 12.92% increase over the past week. Priced at $0.1561, Dogecoin continues to hold a prominent position in the cryptocurrency market. With a 24-hour trading volume of $2,360,555,406, Dogecoin demonstrates consistent liquidity and high trading activity. Its popularity among retail investors and the broader crypto community contributes to its resilience and upward price movement.
Kaia (KAIA) has gained momentum, showing a 9.80% increase over the past week. Trading at $0.1372, Kaia recorded a 24-hour trading volume of $142,958,373. Kaia’s performance highlights the growing interest in alternative tokens and smaller-cap projects. The token’s unique ecosystem and focus on community engagement continue to support its position in the market as an up-and-coming asset.
THORChain, trading at $5.52, experienced a 6.78% increase over the past seven days. With a trading volume of $161,210,239, THORChain has gained attention due to its decentralized liquidity network, which enables cross-chain trading without wrapped assets. THORChain’s innovative approach to liquidity and asset transfers attracts both retail and institutional investors, maintaining its position as a top choice for decentralized trading solutions.
MANTRA, known by the ticker OM, is priced at $1.38 and has gained 6.33% in the past week. MANTRA recorded a trading volume of $44,121,763. As a DeFi project, MANTRA focuses on staking, lending, and cross-chain applications. Its steady growth reflects the increasing interest in decentralized finance protocols offering diversified services within a single platform.
Popcat (POPCAT), priced at $1.54, has shown a 6.11% increase this week. With a 24-hour trading volume of $118,016,786, Popcat leverages the Solana blockchain’s high transaction speed and low fees. The token has gained traction in the NFT and gaming communities, adding to its appeal among tech-savvy investors looking for unique applications within the crypto ecosystem.
Aerodrome Finance (AERO), valued at $1.14, has posted a weekly gain of 5.60%. Aerodrome Finance has a 24-hour trading volume of $24,728,735, reflecting moderate trading interest. As a relatively newer DeFi project, Aerodrome focuses on providing yield farming and liquidity mining opportunities. The project’s distinct approach to DeFi functionalities has earned it a place among the top gainers this month.
Raydium (RAY), trading at $3.10, recorded a 5.34% increase in the past week. Raydium’s daily trading volume of $89,907,049 indicates strong interest from investors. Built on the Solana blockchain, Raydium functions as a decentralized exchange (DEX) and automated market maker (AMM). Its low transaction fees and high processing speeds make Raydium a preferred choice for DEX users, positioning it as a valuable asset within the Solana ecosystem.
Mog Coin (MOG), priced at $0.051914, has increased by 4.11% over the past seven days. Mog Coin’s 24-hour trading volume stands at $40,950,041. As a meme-based cryptocurrency, Mog Coin draws interest from the community-driven projects category. Its market performance highlights the sustained interest in meme coins and community-backed tokens.
Bitcoin SV, known as BSV, has seen a 3.71% increase over the past week, reaching $49.37. BSV’s trading volume hit $82,133,423, indicating strong liquidity for this established cryptocurrency. Bitcoin SV focuses on scaling Bitcoin’s original protocol, aiming to provide a blockchain that can support large-scale data applications. Its steady performance highlights the ongoing interest in blockchain projects designed for enterprise use.
Bitcoin, trading at $69,258.15, remains a market leader with a 2.86% gain this week. Bitcoin’s daily trading volume of $45,369,482,861 underscores its dominance and liquidity. As the original cryptocurrency, Bitcoin attracts investors for its established reputation, market influence, and store-of-value qualities. Bitcoin’s incremental growth this month reflects investor confidence in its long-term value.
Pendle, priced at $4.68, has gained 2.21% in the past week, with a trading volume of $71,913,813. Pendle focuses on the decentralized finance (DeFi) sector, offering users opportunities to trade tokenized future yields. This unique feature appeals to investors interested in maximizing returns on yield-generating assets, making Pendle a top performer within the DeFi space.
Sui, trading at $1.93, has seen a 1.45% increase over the past week. With a trading volume of $729,197,890, Sui maintains a strong market presence. Known for its high-speed blockchain, Sui appeals to developers and businesses focused on decentralized applications. Sui’s consistent growth underscores the demand for scalable blockchain solutions that support a range of DeFi and NFT applications.
Ethereum (ETH) holds its position with a price of $2,500.89, showing a 1.23% gain this week. Ethereum’s 24-hour trading volume of $21,287,643,100 highlights its role as a leading platform for smart contracts and decentralized applications. Ethereum’s popularity continues to rise as it transitions to a proof-of-stake consensus mechanism, attracting projects and developers within the DeFi and NFT ecosystems.
TRON, priced at $0.1674, has gained 1.20% over the past week. TRON’s daily trading volume of $413,435,660 reflects its popularity as a blockchain that prioritizes high transaction speeds and low costs. TRON’s focus on entertainment content distribution attracts developers building decentralized applications in media, gaming, and social networking, supporting its steady performance.
November 2024’s top gainers illustrate the diverse interests within the cryptocurrency market, from decentralized finance and blockchain technology to community-driven meme coins. Established assets like Bitcoin and Ethereum continue to drive market stability, while innovative DeFi projects and meme tokens reflect emerging trends. These top gainers showcase the broad spectrum of investment opportunities, underscoring the continued evolution of the crypto landscape. As market dynamics shift, understanding these trends and top performers can provide valuable insights for navigating the world of digital assets.
