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Best Crypto Gainers Today, July 10 – Pudgy Penguins, Dogwifhat, Stellar

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Highlights:

  • PENGU, WIF, and XLM top the list of the best crypto gainers today with big price jumps.
  • PENGU is buzzing after news of an ETF filing, sending it up over 30% in a day.
  • Stellar’s DeFi growth is turning heads as XLM hits its highest price in months.

The crypto market has seen renewed energy, pushing the total market cap to $3.47 trillion. Bitcoin climbed sharply, hitting a new record slightly below $112k as altcoins also posted strong gains. Investors are showing growing confidence, driving prices higher. Amidst this broad positive outlook, let’s take a look at the best crypto gainers today, such as Pudgy Penguins, dogwifha,t and Stellar.

Best Crypto Gainers Today

1. Pudgy Penguins (PENGU)

PENGU, a meme cryptocurrency based on Solana, is up by over 30% in the past 24 hours to top as the best crypto gainer today. The price gain follows the acknowledgment made by the US Securities and Exchange Commission (SEC) of the Canary Spot PENGU ETF. Currently, PENGU trades at $0.01902, with a market cap and trading volume of $1.19 billion and $600 million, respectively. Within the past seven days, the memecoin has climbed over 16% as the market is bullish regarding potential ETF approval.

Best Crypto Gainers Today, July 10
Source: CoinMarketCap

As recently pointed out by crypto analyst Ali, PENGU has shown a strong bullish retest near $0.013, which is considered a strong support level. Since bouncing off this support level, the token is targeting higher price levels. As per an analysis of the chart provided by Ali, the memecoin may have a price of $0.060 in August. The price action may, however, hit a resistance at $0.032 and gain a second resistance point at around $0.044 before it reaches that extended goal.

Moreover, Ali suggested that surpassing $0.060 might just be the beginning. The expected ETF might also boost the market momentum of PENGU, which might cause the price to soar considerably.

2. Dogwifhat (WIF)

Dogwifhat’s price is at a crucial point of trading now, as it is near a massive breakout point. In the last 24 hours, the memecoin has seen a significant increase of more than 14% in price, surging to $0.9689. This price action has taken WIF into a familiar area of resistance between $0.90 and $1, a price area that has been a barrier to progress since early June. Its market cap has climbed to $970 million, while the trading volume surged 100% to $480 million.

Source: CoinMarketCap

WIF is rallying upwards following some stability within the support level of $0.835. The activity in the market has been ramping up significantly, reflecting a rise in investor interest. Analysts have projected WIF to hit an initial target price of about $1.226, which is a clear upward trend due to the previous position.

Source: CoinMarketCap

After this first breakthrough, the analyst estimates that WIF is likely to gain further to approximately $1.763. In case the pressure of buying remains at the same level, it is possible that WIF will continue the bullish movement, and more traders will join the market.

3. Stellar (XLM)

Stellar is extending its recent surge observed on the weekly chart. It has rallied 11% today to reach $0.297, the highest level since May. Last month, XLM plunged to a local bottom of $0.22, but it has since recovered steadily. Following this robust bullish momentum, XLM’s trading volume has exploded to $915 million.

Source: CoinMarketCap

Stellar remains one of the best crypto gainers today due to its explosively growing DeFi segment. According to the DeFiLlama data, Stellar has reached a record-breaking total value locked (TVL) of nearly $100 million. This increase is an indicator of the growing trust that users have in actively contributing through increased capital inflows into Stellar-based platforms.

Best Crypto Gainers Today, July 10 - PENGU, WIF, XLM
Source: DefiLlama

Meanwhile, analyst JAVONMARKS noted that the price of XLM is solid above crucial support lines. Due to the current bullish trend, it might reach a price of up to $0.681, twice its current price level. The target is an indicator of high optimism in the Stellar ecosystem after the recent protocol update.

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