March 12, 2021 - Welcome to your almost-daily look at the last 24-hours' biggest gainers of cryptocurrency's top 100 by market cap. This is the place to learn about projects that are moving the most with quick overviews and brief analysis. Ready to get into it? Let's go!
Chiliz (CHZ) is continuing its massive pump! The sports NFT coin has gained another 90% in the past day to push its 7-day gains back over 300%. Its market cap is eyeing $3 billion, too, whereas it just passed $1 billion last week.
SKALE Network (SKL) and Polygone (MATIC) are both experiencing "the Coinbase effect." The exchange added these two along with SushiSwap (SUSHI) to its offerings. Deposits were made available earlier in the week, but yesterday marked the first day the coins were available for trading. It wasn't in the top 5, but SUSH also saw strong gains at almost 7%.
Finally, we have two more familiar faces with Enjin Coin (ENJ) and Theta Fuel (TFUEL). These have both been gaining steadily in the past few weeks. ENJ is a gaming NFT provider, and TFUEL is earned by participating in Theta.tv's peer-to-peer streaming service, where you broadcast to peers as you watch streaming content yourself.
My take on CHZ, ENJ, and TFUEL is that they're all creeping into oversold territory. The parabolic growth has been solid for all three, but it's not sustainable. I've read analysis that they're showing signs of weakness despite the growth, and decreases could be around the corner.
It's also worth noting that we're seeing a massive dump of NEM (XEM) following last night's snapshot for the upcoming Symbol airdrop. This will likely continue throughout the day, which could provide a good buy-low opportunity depending on how low it goes.
Top 5 gainers (24h)
Chiliz (CHZ) +89.07%
SKALE Network (SKL) +56.86%
Polygon (MATIC) +49.98%
Enjin Coin (ENJ) +31.10%
Theta Fuel (TFUEL) +30.19%
Top 5 losers (24h)
NEM (XEM) -33.18%
Fantom (FTM) -9.44%
Ren (REN) -8.33%
Avalance (AVAX) -7.93%
The Graph (GRT) -8.12%
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and upvoted. Thanks for sharing :)