The cryptocurrency market saw several tokens post impressive gains on October 19, with some experiencing double-digit increases. Leading the charge was LUMIA ($LUMIA), which surged by an outstanding 42.9%. According to Phoenix, a well-known crypto media outlet, the rise signals growing interest in the project. It seems to have a lot of potential which is why investors seem to be ok with its fast rising price.
DAILY GAINERS$LUMIA +42.9% $MATH +21.0% $SLP +18.7% $HEART +16.4% $BNX +14.6% $YGG +13.9% $WLD +12.4% $AXS +11.8% $TAI +11.6% $XRD +11.6%#dailygainers pic.twitter.com/Y36jgIbI5S
— PHOENIX – Crypto News & Analytics (@pnxgrp) October 19, 2024
MATH Gains 21.0%, Following LUMIA At A Distance
After LUMIA’s good showing, MATH ($MATH) was up 21%. Such an upward movement of the token proves the sustained faith of investors in the ecosystem it represents. Moreover, Smooth Love Protocol ($SLP) surged by 18.7% as more people flocked to decentralized finance (DeFi). The focus of the project to motivate the users has contributed to its sustainability in the market.
Other gainers included Humans.ai ($HEART) it rose by 16.4% on the day. Being an AI-based blockchain project, it further keeps on drawing interest with its approach to integrating artificial intelligence with the blockchain. Another one was Bniaryx ($BNX), which rose by 14.6%, as more people are getting attracted to its platform.
Crypto Market Sees Strong Gains Across Multiple Tokens
Yield Guild Games ($YGG) rose by 13.9% proving that the play-to-earn genre of games is gaining traction. With more players coming to the platform, the need for the token has gone up, thus, having a positive effect on the token’s value. Likewise, Worldcoin ($WLD), which went up by 12.4%, because the sharing of data for tokens model of the project still generates interest among the crypto community.
Other tokens also gave other good results. Axie Infinity ($AXS) increase by 11.8% and remains one of the leading blockchain games available on the market. Tars Protocol ($TAI) was up 11.6%, as the community embraced the firm’s decentralized services. Radix ($XRD) also gained 11.6% as the project continues to push further into the DeFi space.
Altogether, these tokens give a positive signal for the crypto market as many investors are willing to invest in new projects. In the current trading session, the market appears to be in the bullish trend; its direction of trading will be worth watching in the next few days.