Top Crypto Gainers of the Day: FLOKI, PEPE, and ETHENA

• According to Coinmarketcap, Floki, Pepe, and Ethena are the top crypto gainers.
• The global crypto market cap at the time of writing is around $2.56T.

The crypto market is experiencing an upward momentum, and the global cryptocurrency market capitalization is $2.56 trillion, a 1.69% increase in the past 24 hours and an approximate 118% rise over the last year. Total trading volume of the cryptocurrencies last day was $66.8 billion, as per data from CMC.

Considerably, some tokens are led by market capitalization and some by trading volume. The industry witnesses top gainers and losers everyday, based on the performance of the cryptocurrency. Traders and investors are anticipating an over-all bull run in the near future.

According to CoinMarketCap, the top three gainers of the day are Floki (FLOKI), Pepe (PEPE), and Ethena (ENA).

Floki Inu (FLOKI)

Floki Inu, inspired by the popular Shiba Inu meme coin, has surged impressively today. At the time of writing, Floki trades at $0.00021, marking a 0.97% increase in the past 24 hours, as per data from CMC. The trading volume is at $2.82M. Floki has expanded its ecosystem beyond the meme coin, incorporating elements like gaming and NFT collections. The FLOKI DAO decides to burn 15.24 billion tokens. Notably, the majority of 99.84% of the total votes advocate the burn proposal.

Pepe (PEPE)

Pepe, which is named after the internet meme character Pepe Frog, has also risen substantially. Currently, Pepe is trading at $0.00001002, a 0.62% increase in a day. And the trading volume is $8.65M. The memecoin’s price went high, previously, because of the high trading volume and its community enthusiasm. Pepe continues to attract the investor interest, contributing to its significant price movements. PEPE has recently outperformed other cryptocurrencies, reaching a new ATH of $0.00001156 despite market declines.

Ethena (ETH)

Ethena, a synthetic dollar built on Ethereum, is another notable gainer. It trades at $0.7936, an increase of 12.50% within 24 hours. The trading volume is at $3.49M. Ethena got recognized for its creative approach within the crypto market. The coin classifies itself from the typical coin narrative and employs blockchain technology to offer financial products. Its performance indicates investor confidence and interest. Ethena has made an interest in new investors as new developments are made on-chain.