Top Crypto Gainers Today: OM, MKR Lead as NEAR and FTT Follow Suit

• Mantra (OM) leads market gains with a 6% rise, hitting $1.03.
• NEAR climbs 4.29%, trading at $4.82 with an 86.64% volume boost.
• FTT jumps 10.45%, trading at $1.31, signaling potential bullish momentum.

In today’s market watch, a subtle yet promising shift is observed in the crypto world, with most tokens posting stable gains on their weekly charts. Mantra (OM) and Maker (MKR) lead the pack, emerging as the day’s top gainers.

In addition, Near (NEAR) and FTX (FTT) tokens follow closely, notching significant price increases. This positive price action has spurred a 13.97% increase in trading volume, now at $67.67 billion, despite the overall market cap slipping by 0.98% to $2.11 trillion.

OM and MKR Lead the Charge

Mantra’s (OM) token has ascended to the top gainer status, experiencing an over 6% increase, bringing its price to $1.03. According to CoinMarketCap, this marks a 41% rise in the weekly timeframe and a 19% surge over the month. This uptrend follows a rebound from a low of $0.665 on July 5, propelling OM to a new all-time high of $1.14 just three hours ago. 

Source: CoinMarketCap

Consequently, its market cap has grown by 6.84% to $857.42 million, positioning OM at the 70th spot in crypto rankings. Trading volume mirrored this optimism, soaring by 905.45% to $191.113 million, indicating robust interest in the OM token across the market.

Close behind is Maker (MKR), which has seen a notable 5% increase in the last 24 hours. Currently trading at $2,395.92, MKR has seen a 17% gain over the past week and a 4% rise over the month.

Source: CoinMarketCap

With a market cap now at $2.228 billion, MKR holds the 39th spot. Its 24-hour trading volume has also risen by 77.90% to $102.016 million. MKR’s consistent five-day bullish run brings it near a crucial resistance level of around $2,562. 

Market experts predict that a breakout above this level could see MKR’s price returning to $3,000. Furthermore, the token’s price trading above the 20-day SMA supports a robust short-term bullish sentiment.

NEAR and FTT

Not to be outdone, NEAR has surged onto the scene as today’s standout performer, clinching the third position among the top market gainers with a 3.33% uptick. Currently trading at $4.82, NEAR’s circulating supply of 1,096,844,392 coins elevates its market capitalization to $5.291 billion, securing the 17th rank.

Source: CoinMarketCap

The trading volume has also dramatically increased by 87.70% to $353.901 million, signaling robust investor interest. According to TradingView data, NEAR’s price trajectory mirrors MKR’s as it approaches a resistance level at $5.57. The RSI, emerging from an oversold state, aligns with the market’s optimism, suggesting a potential breakout may be on the horizon.

Simultaneously, FTT has shaken off its stagnant price action, rallying sharply with a 10.45% gain in the past 24 hours. Currently priced at $1.31, this surge represents a 17% uplift over the week. Despite this momentum, FTT still wrestles with a bearish overlay on the monthly view, showing an 8.44% decline from its starting price of $1.46.

Source: CoinMarketCap

Yet, if the bulls maintain their charge and push beyond the $1.46 mark, FTT could be poised for further ascents, testing new resistance thresholds soon. The token’s 24-hour trading volume has soared by 209.59%, reaching $28.152 million.