Top Crypto Gainers Today, Feb 6 – TRUMP, Monero, Lido DAO

Highlights:

• Bitcoin is trading below $100k as the market outlook displays a mixed sentiment. 
• OFFICIAL TRUMP is leading the crypto gainers today, surging 9% amid a potential breakout.
• Tornado Cash legal ruling and bullish technical indicators boost Monero price. 

The crypto market displays a mixed sentiment as the bulls and bears battle for control. Crypto prices continue to experience volatility, with the largest cryptocurrency, Bitcoin, trading below the $100k mark while Ethereum remains in the green territory. 

The global market cap and 24-hour trading volume have declined to $3.33 trillion and $120 billion, respectively. Additionally, the fear and greed index has dropped to $38, indicating a fear sentiment in the market. Amidst the mixed sentiment, here is a look at the top crypto gainers today, such as OFFICIAL TRUMP, Monero, and Lido DAO. 

Top Crypto Gainers Today

1. OFFICIAL TRUMP (TRUMP)

The Donald Trump-linked Solana-based memecoin has emerged as the top crypto gainer today, surging by 9% in the past 24 hours. Since setting its all-time high of $75 on 18th Jan, TRUMP has been trading on a descending channel, dropping to the lows of $16. At press time, the memecoin is trading at $19.40, down by 30% over the past week. Its market cap and trading volume are at $3.77 billion and $2.45 billion, respectively.

According to market trader Nihilus on X, TRUMP has been trading on a downtrend since Jan 22 but has formed a bullish breakout on the hourly chart. This breakout suggests a shift from a downtrend to an uptrend, supported by increased buyer activity. The analyst suggests that the bullish breakout from the descending channel could lead to a substantial price surge of 159% from the current price to the $47.82 region. 

$TRUMP pic.twitter.com/C3EgK18Z9Q

— ₦ihilus (@NihilustheVoid) February 5, 2025

2. Monero (XMR)

Moero has been on a remarkable journey, recently surging by over 15% following the ruling, which favored Tornado Cash, a popular crypto mixer network. At press time, XMR is exchanging hands at $232, up by 5.73% in the past 24 hours. Moreover, its market cap and trading volume have surged to $4.37 billion and $68.40 million, respectively. 

Technical indicators on the daily chart suggest that XMR could continue its rally as the bullish momentum builds. The XMR price is trading alongside the upper Bollinger band, acting as immediate resistance for the bulls. Should the current trend hold, XMR could challenge the key resistance at the $310 region because the $220 level could be the key support for the rally. 

In addition, the RSI is hovering at 59 indexes, indicating that XMR has further room for growth. As the bullish momentum builds, the RSI could rise to the overbought region, another potential rally for XMR. 

3. Lido DAO (LDO)

LDO is trading at $1.81 up by 5.56% on the daily chart. The altcoin kicked off today’s session on a low note at $1.68 before peaking at $1.85, where it faced a rejection, leading to a pullback. The bullish momentum has elevated LDO’s market cap and trading volume to $1.60 billion and $276 million, respectively. 

Recently, Lido integrated with Copper, allowing institutional clients to stake ETH through Lido’s liquid staking middleware. This integration simplifies Ethereum staking by removing operational complexities and minimum staking requirements.

Copper has integrated Lido's stETH, providing their institutional clients the ability to stake ETH.

Receive staking rewards within @CopperHQ institutional-grade custody environment with fewer operational complexities & no minimum staking requirements.https://t.co/7XG4WXjVrG

— Lido (@LidoFinance) February 3, 2025

Copper’s ClearLoop platform now supports stETH, enabling clients to earn staking rewards while managing collateral across multiple exchanges like OKX, Bybit, and Deribit. With institutional-grade security, clients can use stETH as collateral, enhancing liquidity options while benefiting from Copper’s custody and trade services.