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August 5- Today’s crypto market witnessed a major breakout among several mid-cap and low-cap tokens, delivering double-digit gains that stood out from the usual quiet volatility.
After a relatively calm week in the broader crypto market, today’s spotlight shifted to high-performing altcoins that posted explosive 24-hour gains. From GameFi to cross-chain infrastructure, a range of lesser-known tokens made their mark, catching the attention of traders hunting for short-term opportunities.
Top Gainers in crypto in the last 24 hours
Illuvium (ILV)
Leading the rally was Illuvium (ILV), which exploded by an impressive 55.36% to reach $20.43. This surge likely reflects growing excitement around the GameFi and metaverse narrative, as Illuvium remains one of the most anticipated blockchain-based RPGs. The jump could also be tied to development updates or renewed token utility being priced in by investors.
Vulcan Forged (PYR)
Vulcan Forged (PYR) followed closely with a 31.73% gain, trading at $1.26. This performance reinforces growing investor interest in gaming-related projects, especially those building active ecosystems. SuperRare (RARE) also climbed significantly, up by 28.05% to reach $0.0662. With increasing traction in the NFT art space, RARE’s spike could be driven by recent platform activity or a broader resurgence of digital art collectibles.
OG Fan Token (OG)
Another notable gainer was OG Fan Token (OG), up 21.29% at $6.96. This token is used by football fans to engage with their favorite clubs, and its rise might reflect an upcoming sports season or fan-driven event. The continued presence of fan tokens in the top gainers list shows that sports-based engagement still holds a strong spot in crypto’s use cases.
Biconomy (BICO)
Biconomy (BICO) also saw a solid gain of 16.95%, trading at $0.1173. BICO supports gasless transactions and simplified blockchain UX, making it a strong play in the infrastructure space. Synapse (SYN) followed with a 13.83% rise to $0.1523, likely due to growing interest in cross-chain solutions.
Other notable coins
The rest of the list includes COS, KERNEL, RED, and GAS, all of which gained between 11% and 12%. These smaller-cap tokens tend to fly under the radar until a wave of fresh liquidity or speculation brings them back into focus. COS, for example, rose 11.90%, trading at just $0.003677, which hints at potential whale movement or low-volume volatility. Similarly, KERNEL and RED gained 11.70% and 11.46%, respectively, showing renewed buyer confidence in niche ecosystems. GAS, used in the NEO blockchain for transaction fees, gained 11.04%, possibly on the back of renewed activity within the NEO network.
Altogether, today’s rally among smaller and gaming-related tokens suggests a speculative uptick in risk appetite. While Bitcoin and Ethereum remain relatively stable, traders appear to be rotating funds into high-growth altcoins that offer bigger short-term returns. Whether this marks the start of a broader altcoin season or just a short-lived spike remains to be seen, but for now, the green lights are flashing across this section of the market.