Top Crypto Gainers Today Nov 5 – MultiversX, Immutable, Illuvium, Telcoin

Several cryptocurrencies witnessed significant gains in their market values. Among the top performers were MultiversX, Immutable, Illuvium, and Telcoin, each experiencing substantial price increases.

The global cryptocurrency intraday market capitalization has reached $1.32 trillion. Thus indicating a modest increase of 1.51%. However, the total cryptocurrency market volume has decreased by 19.57%, reaching $29.82 billion.

Biggest Crypto Gainers Today – Top List

Bitcoin’s dominance in the cryptocurrency market currently stands at 52.04%, having decreased by 0.27% during the day. This information provides valuable insights into the evolving dynamics of the cryptocurrency market.

1. MultiversX (EGLD)

MultiversX Has experienced a recent price surge, placing it #1 among the top crypto gainers today. The coin is trading at $48.66, boasting a 24-hour trading volume of $997.53 million and a market capitalization of $1.16 billion. 

Moreover, MultiversX holds a market dominance of 0.09%. Over the past 24 hours, EGLD has experienced a substantial price increase of 41.97%. The all-time high for MultiversX (Elrond) was attained on November 23, 2021, when it reached $541.18. Conversely, its all-time low was recorded on October 7, 2020, at $6.52. The lowest price observed since the all-time high is $22.29, the cycle low. 

Likewise, the highest EGLD price since the last cycle low was $52.42, marking the cycle high. The current sentiment regarding the MultiversX (Elrond) price prediction is bullish. Moreover, the Fear & Greed Index indicates a level of 70, signifying “Greed.”

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After the @Official_Upbit UDC 2023 Conference, builders and blockchain enthusiasts are invited to the #MultiversX Hub Seoul 🇰🇷

Hands-on workshops. Insightful discussions & Networking. A dedicated Hacker House for devs. pic.twitter.com/SpmsyYvDvt

— MultiversX (@MultiversX) November 3, 2023

MultiversX (Elrond) circulating supply currently stands at 23.74 million EGLD out of a maximum supply of 31.42 million EGLD. The current yearly supply inflation rate is 1.12%, resulting in the creation of 262,489 EGLD over the past year. Regarding market cap, MultiversX (Elrond) is ranked at #25 within the Layer 1 sector.

2. PancakeSwap (CAKE)

PancakeSwap is trading at $2.19, boasting a 24-hour trading volume of $664.49 million. A market capitalization of $511.47 million sees it sit #2 among the top crypto gainers today. Furthermore, it holds a market dominance of 0.04% and an intraday increase of 21.53%.

Moreover, the current sentiment regarding PancakeSwap’s price prediction leans bullish. The Fear & Greed Index is also registered at 70, indicating “Greed.”

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Experts suggest the potential for a retracement following a 50%+ price spike. Such retracements present opportunities for entry before experiencing further upward movements. Nonetheless, the overall downtrend appears to have reversed. Thus, pullbacks may serve as an entry point for investors looking to capitalize on CAKE’s potential move beyond $2.

3. Meme Kombat (MK)

Meme Kombat (MK) is a newcomer in the meme coin market, recently gaining recognition in the crypto world. In its strategy to establish itself, the project is making specific allocations of its token supply. This move has placed it among the top crypto gainers today.

To ensure liquidity on decentralized exchanges, Meme Kombat has earmarked 10% of its total token supply. This move aims to facilitate smoother trading for users on these platforms. Additionally, half of the token supply will be reserved for the $MK presale, which is designed to involve early supporters.

Meme Kombat allows investors to take advantage of the current pricing before an anticipated increase. As of the latest update, the project has raised $1,208,997 out of its $1,500,000 fundraising goal. The exchange rate for $MK is fixed at 1 $MK = $0.1667, and the project accepts various currencies for participation following its whitepaper strategy.

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4. Immutable (IMX)

Immutable X (IMX) is currently priced at $0.950351, registering a trading volume of $485.81 million and a market capitalization of $1.19 billion. Moreover, IMX holds a market dominance of 0.09% with a 23.48% intraday increase.

Immutable X reached its peak price on November 5, 2021, when it traded at its all-time high of $14.02. On the other hand, the lowest recorded price for Immutable X occurred on December 30, 2022, at $0.377004. The lowest price observed since its all-time high is $0.377004, while the highest price since the last cycle low was $1.569170.

The current sentiment surrounding Immutable X’s price prediction is bullish. The Fear & Greed Index indicates a score of 70, signifying “Greed” sentiment among investors. Furthermore, Immutable X’s circulating supply currently stands at 1.25 billion IMX out of a maximum supply of 2.00 billion IMX. 

86% chance to lose sleep playing GOG. pic.twitter.com/weV6yM5z4S

— Immutable (@Immutable) November 4, 2023

Notably, the yearly supply inflation rate is at 432.04%, resulting in the creation of 1.02 billion IMX in the past year. Immutable X holds the #3 position in the Layer 2 sector based on market capitalization.

5. Illuvium (ILV)

Illuvium (ILV) is trading at $65.78, with a 24-hour trading volume of $37.10 million. Its market capitalization stands at $241.14 million, and it maintains a market dominance of 0.02%. In the last 24 hours, the ILV price has seen a 10.88% increase, entering the list of top crypto gainers today.

Notably, Illuvium reached its all-time high on November 30, 2021, at $1,912.82. In contrast, its all-time low was recorded on June 22, 2021, at $29.12. Since its all-time high, the lowest price reached was $37.82, marking the cycle low. Similarly, the highest ILV price achieved since the last cycle low was $105.94, representing the cycle high.

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— Illuvium (@illuviumio) November 4, 2023

The current sentiment regarding Illuvium’s price prediction is bullish. Likewise, the Fear & Greed Index registers a value of 70, indicating “Greed.” Illuvium currently boasts a circulating supply of 3.67 million ILV tokens out of a maximum supply of 9.63 million ILV. Notably, the yearly supply inflation rate is notably high at 463.24%. Therefore, this resulted in the creation of 3.02 million ILV tokens over the past year.

6. Ark (ARK)

Ark’s recent rally has seen it retain itself among the top crypto gainers today. The coin stands at $1.677255, with a 24-hour trading volume of $976.93 million. Its market capitalization is valued at $296.38 million, representing a market dominance of 0.02%. Over the past 24 hours, ARK has witnessed a 17.15% price increase.

In the current sentiment analysis, the Ark price prediction leans towards a bullish outlook. Also, the Fear & Greed Index registers a reading of 70, indicating greed sentiment. The circulating supply of ARK presently stands at 176.71 million ARK tokens out of a maximum supply of 161.28 million ARK tokens. 

Welcome to November and to our newest Weekly Development Reporthttps://t.co/rY3pQfWJkX pic.twitter.com/UuTgEbCMUy

— ARK.io (@ArkEcosystem) November 3, 2023

Notably, ARK exhibits a yearly supply inflation rate of 24.87%, resulting in the creation of 35.20 million ARK tokens over the last year. Within the Proof-of-Stake Coins sector, ARK is currently ranked 17th based on its market capitalization.

7. Telcoin (TEL)

Telcoin (TEL) is trading at $0.002248, boasting a 24-hour trading volume of $1.88 million. Furthermore, it holds a market capitalization of $157.94 million, placing it among the top crypto gainers today. 

Moreover, it holds a market dominance of 0.01% and has experienced a 10.95% price increase over the last 24 hours. The current sentiment regarding Telcoin’s price prediction is bullish. Similarly, the Fear & Greed Index stands at 70, indicating “Greed.”

Telcoin’s circulating supply currently stands at 70.25 billion TEL out of a maximum supply of 100.00 billion TEL. Notably, the current yearly supply inflation rate is 11.57%, resulting in the creation of 7.29 billion TEL in the last year. As of the most recent data available, Telcoin is ranked 75th in the Ethereum (ERC20) Tokens sector based on market capitalization.

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