Top Crypto Gainers Today, Jan 30 – XCN, ONDO, LTC

Highlights:

• Onyxcoin, Ondo, and Litecoin emerge as the top crypto gainers today amid bullish sentiment and market optimism.
• Onyxcoin explodes after Onyx DAO announces a major blockchain upgrade, and Kraken adds XCN futures trading.
• Litecoin ETF approval process begins, boosting LTC price as institutional interest in altcoin ETFs grows.

The crypto market has seen renewed optimism after the FED’s decision to keep the rates unchanged at 4.25% to 4.5%. The global market cap surged by 2.70% to $3.57 trillion, while the 24-hour trading volume surged to $130 billion, indicating a heightened market activity. 

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Furthermore, the fear and greed index suggests a neutral market at 50 indexes. Most prices are trading in green, with the leading asset, Bitcoin, trading above $103k. As the bullish sentiment prevails, here is a look at the top crypto gainers today, such as Onyxcoin, Ondo, and Litecoin. 

Top Crypto Gainers Today

1. Onyxcoin (XCN)

Onyxcoin has emerged as the top crypto gainer today, surging 36% to trade at $0.039 in the past 24 hours. After consolidating around the $0.1200 region, XCN has shown a remarkable journey, recently surging by 220% and 1500% on the weekly and monthly charts, respectively. Additionally, the market cap and trading volume have surged to $1.20 billion and $779 million, respectively. 

Recently, Onyx DAO announced a significant XCN update on February 3, the Onyx XCN Ledger. This new blockchain was created in stealth mode and is accompanied by a new whitepaper. The upgrade comes after a $3.8 million cyber attack in November and resolves prior vulnerability issues.

Only 8 days remain until we unveil one of the most significant $XCN updates to date, featuring a brand new White Paper and details for a new blockchain we've been developing in stealth, the Onyx XCN Ledger ✍ pic.twitter.com/VUoJq3Vqv0

— Onyx (@OnyxDAO) January 26, 2025

Furthermore, on January 28th, Kraken revealed XCN futures trading with up to 20x leverage. This helps traders expand their trading and try to profit from the price fluctuations. These recent developments have created interest in the market, leading to a price surge in XCN. 

2. Ondo (ONDO)

ONDO is trading at $1.59, up 14% in the past 24 hours. Over the past week, it has been trading on an ascending channel, surging by 25% as the price sets to challenge the key resistance at $1.65. Its market cap and trading volume are $5.02 billion and $622 million, respectively. 

ONDO has recently formed a bull flag pattern, which suggests that it might continue its previous upward movement according to analyst Ted. The price increased and then ranged within a bearish channel. If the price gets out of the upper boundary with higher volume then it indicates a new bullish trend. 

$ONDO bull flag formation.

Yesterday it was announced that OndoFinance will deploy Ondo Short-Term US Government Treasuries (#OUSG) on the XRP Ledger blockchain.

Adding the #MadeinUSA narrative and BlackRock partnership, ONDO looks like a pretty good bet for this cycle. pic.twitter.com/3XbHLMNPJz

— Ted (@TedPillows) January 29, 2025

Moreover, Ted pointed out basic factors influencing market sentiment. OndoFinance announced the deployment of Ondo Short-Term US Government Treasuries (OUSG) on the XRP Ledger to benefit from its effectiveness. A partnership with BlackRock raises the institutional endorsement and develops DeFi’s brand thus improving ONDO’s market standing.

3. Litecoin (LTC)

Litecoin is exchanging hands at $128, up by 13% in the past 24 hours. The altcoin has surged by 15% and 28% in the weekly and monthly charts, respectively. The bullish momentum has elevated the market cap and trading volume to $9.68 billion and $1.31 billion, respectively. 

The SEC has approved Canary Capital’s 19b-4 submission for a Litecoin ETF, which is a huge development of altcoin ETFs. This decision fixes the agency to a 240-day time frame within which it has to either approve or deny the application. 

First alt coin 19b-4 to be acknowledged, rest were told to withdraw by Genz SEC. Throw in the comments from SEC on the S-1 and this filing is by far the furthest along checking all the boxes. Q now is will this SEC wait the full 240 days or approve more rapidly. Unknown. https://t.co/iXwq9PkLGr

— Eric Balchunas (@EricBalchunas) January 29, 2025

According to Eric Balchunas from Bloomberg, this is the first case of an altcoin 19b-4 after Ethereum. Other applications were previously withdrawn under SEC Chair Gary Gensler. Market reactions followed the news, causing Litecoin’s price to spike again. Canary Capital had also filed for an XRP-based ETF only a few days prior to this.

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