Top Crypto Gainers Today, November 28 – ENS, Ethena, Pyth Network
Highlights:
- Ethereum Name Service rallies driven by increased activity in the market, showing potential for further growth.
- BitMEX co-founder Arthur Hayes helped boost the Ethena market after investing significantly.
- The Pyth Network shows bullish momentum following the announcement of its new exchange-traded products.
The cryptocurrency market still possesses a generally positive attitude, with the total cap increasing by 1.78% to once again breach the 3.30 trillion mark. Meanwhile the 24-hour trading volume dipped 6% to $196 billion as investors remain cautious.
In addition, the fear & greed index has remained extreme greed at 84. Amidst the bullish outlook, let’s take a look at the top crypto gainers today, like Ethereum Name Service (ENS), Ethena (ENA), and Pyth Network (PYTH).
Top Crypto Gainers Today
1. Ethereum Name Service (ENS)
ENS has stood out as the top crypto gainer today, surging by 55% to trade at $37.7. The robust rally saw ENS record an intraday low and high of $23 and $38. The market capitalization and the trading volume surged to $1.20 billion and $2.52 billion, indicating an increased market activity.
Recently, ENS rallied above $35 and registered a new high after its breakout. According to market expert Oliver Isaacs, there could be a rise to $80, a 120% move. Considering the current momentum, strong growth can be expected with crypto, making it a crypto to keep an eye on as the crypto market exhibits a bullish outlook.
$ENS has decided ETH is going to all time highs$ENS (Ethereum Name Service) sets new post breakout highs, recently surpassing the $35 mark and looks to now be in a continuation move towards the $80 target!
Prices could be positioned for another +120% move to reach it pic.twitter.com/hJtvI5eXui
— Oliver Isaacs (@oliverzok) November 28, 2024
2. Ethena (ENA)
The price of ENA surged by 12% and now trades at $0.72. This translated into intraday swings of $0.62 to $0.76. Furthermore, the volume hit $608 million, increasing by 30% and demonstrating a growing market interest. Robust market activity suggests growing attention towards ENA and its strong momentum in the crypto market.
BitMEX co-founder Arthur Hayes recently reshuffled his portfolio, fueling interest in one of today’s top crypto gainers. On November 26, he liquidated his Aethir (ATH) holdings, suffering a $815k loss. Over two days, Hayes transferred $11.09 million to Ethena, spending it on 16.79 million tokens.
Arthur Hayes(@CryptoHayes) has shifted his $ATH holdings to $ENA!
In the past 2 days, Arthur Hayes has accumulated a total of 16.79M $ENA($11.21M).https://t.co/loeYKUb9rN pic.twitter.com/zyYFlTp54F
— Lookonchain (@lookonchain) November 28, 2024
This capital inflow has been significant, and speculation has followed ENA’s potential growth. Hayes’s move sparked attention in the crypto space, highlighting his confidence in the token. This investment has boosted ENA’s market activity, with its price climbing steadily.
3. Pyth Network (PYTH)
PYTH has been trading in an ascending channel recently, surging by 19% and 15% on the weekly and monthly charts, respectively. Currently, PYTH is trading at $0.46, up by 8% on the daily chart. The market capitalization has breached the $1.7 billion mark as the trading volume soars 20% to $235 million.
4 new exchange-traded products (ETP) for crypto will be launched by 21Shares to offer crypto investment options. The launch will feature NEAR Protocol Staking, Ondo, Pyth Network, and Render ETPs. These products offer secure access to cutting-edge blockchain solutions.
Big news: Four game-changing ETPs just released! Introducing our newest products focused on oracles (PYTH), tokenization (ONDO), decentralized computing (RNDR), and artificial intelligence (NEAR). Find out more about each product and either of the links below. pic.twitter.com/szwt5LN17W
— 21Shares (@21Shares) November 26, 2024
The ETPs focus on areas such as tokenization, oracles, AI, and decentralized computing. 21shares builds on the blockchain space with a focus on emerging technologies. The Pyth market has been boosted by the announcement, particularly by the Pyth Network ETP.
Final Thought
Ethereum Name Service, Ethena, and Pyth Network have showcased a bullish sentiment, making them the top crypto gainers in the market. The increased trading volumes and strategic investments make these assets worth watching in the current crypto market.
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Raymond Munene
Raymond Munene is a crypto content writer who contributes to Crypto2Community. With over three years of experience, he is interested in Bitcoin, Blockchain, and Technical Analysis. Focusing on daily market analysis, his research helps traders and investors alike. His particular interest in cryptocurrency and blockchain aids his audience.
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