• The top 3 crypto gainers are BTT, TRX, and MATIC.
• The global crypto market cap has fallen 1.59% to $2.1 trillion, and the market volume is down 1.16% to $61.48 billion.
• Bitcoin is trading above $59.5K, down 2.06%, while Ethereum has dropped 2.73% to $2.5K.

This week, the global cryptocurrency market has shown signs of recovery, with many tokens displaying positive price movements. However, the Fear and Greed Index remains at 45, indicating a neutral market sentiment. Despite this, the global crypto market cap has decreased by 1.59% to $2.1 trillion, and the total market volume has fallen by 1.16% to $61.48 billion.

Bitcoin (BTC) is currently trading above $59.5K, reflecting a 2.06% decline, while Ethereum (ETH) has dropped 2.73%, now at $2.5K. Despite the overall downturn, several cryptocurrencies have posted good gains. Let’s check out the top 3 crypto gainers in the past 24 hours.

BitTorrent (BTT)

In the past 24 hours, BTT has been topping the gainers list, with its price rising by 24.4%, from $0.0000007659 to $0.0000009529. At the time of writing, BTT is trading at $0.0000009339, with a staggering 462% increase in daily trading volume. BTT, a peer-to-peer file-sharing platform, and acquired by TRON in 2018.

BitTorrent (BTT) Price Chart (Source: CMC)

BTT saw its price hit a yearly low of $0.0000006961 earlier this month. However, the token has risen 23.31% over the past week, with key resistance found at $0.000001013 and the nearby support at $0.0000007384.

TRON (TRX)

Secondly, TRON has gained 11.35% in the past 24 hours, moving from the low of $0.1484 to the high of $0.1656. Further, the cryptocurrency’s daily trading volume has increased by 134.67% to $1.87 billion. TRX is a native token of TRON, the decentralized blockchain-based operating system developed by the Tron Foundation.

TRON (TRX) Price Chart (Source: CMC)

The rally in the TRON resulted from the launch of the SunPump meme coin platform, which has spiked Tron network activity, driving demand for TRX. Further, TRX’s price has reached a three-year high, of $0.1656. In the last 24 hours, the network revenue generated over $3.8 million.

Polygon (MATIC)

Finally, Polygon’s MATIC has increased by 9.39%, trading at $0.4796. The token has climbed from $0.4389 to a high of $0.4797, with trading volume spiking by 57.43%.

Polygon is known for its Ethereum scaling solutions. Further, the transition of MATIC to a new POL token is scheduled for September 4. The new token will replace MATIC as the native gas and staking token for the Polygon network.

MATIC has gained 14.12% over the past week. Meanwhile, it has seen a 10% decline over the past month. The initial resistance is found at $0.5567 and the significant support can be in the $0.3847 range.

Disclaimer: The opinions expressed in this article are solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.