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According to CoinMarketCap data, Dogecoin (DOGE) has been the top gainer in the last 24 hours among the top 100 coins. With the bullish rally establishing control after support at the $0.1798 level was found, DOGE surged over 16% to reach $0.2186 at press time. This bullish momentum has, as a result, recorded a 2-year high after crossing the $0.2 mark. Concurrently, according to Coinglass, DOGE's open interest has surged over 15% in the last 24 hours, indicating increased investor interest.
DOGE/USD 24-hour price chart (source: CoinMarketCap)
In addition, DOGE's market capitalization and 24-hour trading volume increased by 15.65% and 98.89% to $31,283,292,005 and $6,258,912,500, respectively. This surge in interest and trading activity has propelled Dogecoin to the forefront of the cryptocurrency market, solidifying its position as a top performer in the last day.
Meanwhile, Bitcoin Cash (BCH) also experienced a significant increase of over 15% in the same time frame, coming in second among the top gainers. On the last day, BCH's bullish momentum has been strong, with bulls propelling the price from a low of $496.33 to a 2-year high of $580.83. At press time, BCH's bullish momentum was still in play, with price trading at $569, up 15.23% in the last 24 hours, 32% in the last month, and 374% in the previous year.
BCH/USD 24-hour price chart (source: CoinMarketCap)
Attributable to this bullish momentum is the Bitcoin halving, which is scheduled for April 20th and is seen as a bullish catalyst. Concurrently, the open interest in the futures tracked by BCH has surged to over $500 million compared to $200 million in the past week, indicating a rise in demand for BCH futures contracts as traders anticipate further price increases towards $600 following the halving event.
During the rally, BCH's market capitalization and 24-hour trading volume surged by 14% and 123% to $11,213,857,360 and $1,786,533,746, respectively.
Ondo (ONDO), despite a bull-bear tug for control in the early hours of the day, has come in third on the list of top gainers. After testing support at the intra-day low of $0.8466, bullish momentum recouped market control, soaring the ONDO price to a 24-hour high of $0.9603 before facing resistance. At press time, however, ONDO was still bullish, with the price at $0.8942, a 4.5% surge from the intra-day low.
ONDO/USD 24-hour price chart (source: CoinMarketCap)
Moreover, in the last 30 days, the ONDO price has been up 112%, with prices swaying between a high and a low of $0.98 and $0.4299, respectively. During the bull rally, ONDO's market capitalization and 24-hour trading volume surged by 1.56% and 6.46% to $1,240,952,662 and $416,790,193, respectively. This positive price action indicates strong investor interest in ONDO and the potential for further growth.
