As the week comes to an end, Bitcoin and Ethereum continue to trade sideways as the bulls, and the bears fight it out. However, with the number of different cryptocurrencies on the market, there is no shortage of coins that have seen incredible price gains in the past 24 hours. This article looks at the top five cryptocurrencies on CoinMarketCap that gained the most price today, December 10th.
1. HarryPotterObamaSonic10Inu (BITCOIN) +400%
Dubbed “The People’s Bitcoin.” HarryPotterObamaSonic10Inu is a meme coin at heart. As the name suggests, it features various memes relating to Harry Potter, Sonic, and Obama. To add to the ridiculousness of the project, the coin’s ticker is BITCOIN.
The official website is reminiscent of an early 2000s HTML web page with over-the-top colors and animations. Check out this hilarious video if you’d like to find out what it’s like to buy BITCOIN:
At the time of writing, HarryPotterObamaSonic10Inu is trading at $0.000000007454, with a supposed market cap of $2 million. The total supply is one quadrillion coins, which is some of the highest supply we’ve seen on the market. The coin has increased by over 400% in price since its launch earlier today.
HarryPotterObamaSonic10Inu is available on PancakeSwap, and surprisingly it has a 24-hour trading volume of over $2.7 million. Investing in this coin is nothing short of gambling and should be treated that way.
2. HtmoonFOMO (HTMOON) +417%
Another top gainer today is HTMOON, increasing by over 417% in the past 24 hours. HtmoonFOMO is a Binance Smart Chain token featuring a Play-to-earn game with NFT farming and an NFT mystery box.
“The HTMOON token is the hall of fame of Heco chain, with its influence, it pushed the Heco chain to evolve and become one of the top EVM compatible blockchains in crypto space at that time.”
HTMOON is essentially a reboot of the HT chain token that launched in April and ended up crashing significantly. In what’s commonly called a community takeover, the remaining investors got together to reboot the token.
The new team added Rebase to the protocol and various other improvements to increase the token price.
Overall, all we could find on the website are promises of features, without even a functional dApp. While HTMOON’s price is seeing a significant increase of 400%, the trading volume is only at $165,000.
The low trading volume means that a single whale can cause the whole pump to collapse. I wouldn’t invest in this coin unless the trading volume increases by at least 10X.
3. Prince Floki V2 (PrinceFloki) +579%
As the name suggests, Prince Floki V2 is the second iteration of Prince Floki – a deflationary meme token with a rebase AI algorithm. We reported about Prince Floki in our previous article about the top 5 trending meme coins on CoinMarketCap.
The first version of PrinceFloki included an irreparable Rebase vulnerability that continuously added liquidity to PancakeSwap’s address, Prince Floki V2 fixed the issue, and the market responded exceptionally well.
The unique feature about PrinceFloki is that it rewards holders with DOGE rewards, making it an excellent project for DOGE bulls looking to accumulate more coins.
At the time of writing, Prince Floki V2 continues its incredible price gain, rising by over 600% in the past 24 hours. Like HTMOON, though, there’s only $270k in trading volume for the cryptocurrency, meaning a single whale can easily influence the market.
Since it’s a BSC token, Prince Floki V2 is available to trade on PancakeSwap. According to CoinMarketCap, PrinceFloki’s fully diluted market cap is at a whopping $12.8 billion, which seems simply ridiculous for a brand new token.
Because of PrinceFloki’s rebase algorithm, the actual market cap of the token is not available, which is a big reason that the charts are looking so good for the cryptocurrency. After all, the whole point of Rebase is to alter the project’s market cap to make the charts look better. While some claim that Rebase is a great “marketing strategy,” others could argue that Rebase is outright fraud.
Again, trading PrinceFloki is akin to playing the slots machine in a casino. I would argue you have better odds of winning at slots than you do by investing in Rebase tokens.
4. Mobius (MOBI) +840%
Mobius is a breath of fresh air as it’s not another meme token. Mobius makes it easy to integrate fast and free mobile payments into apps and businesses.
According to the official website, users can “use the Mobius Mobile Wallet App to store, send, exchange and receive cryptocurrencies on the Stellar network.” Mobius is built on the Stellar network, meaning low fees and lightning-fast transactions.
Both the Android and iOS apps are currently available for anyone to try. Moreover, Mobius already has a DApp store with roughly a dozen apps at the time of writing.
MOBI is currently trading at $0.1839, up over 840% in the past 24 hours. Its market cap is $101 million, with a 24-hour trading volume of $3 million.
Looking at the market, Mobius has much healthier numbers than the meme tokens listed above, as the trading volume is much higher. The high trading volume means less chance of high volatility or drastic devaluations. Keep in mind, Mobius is only available to purchase on Gate.io at this time.
5. RPS League (RPS) +7055.60%
Today’s top gainer is RPS League, increasing by over 70x in the past 24 hours. RPS stands for Rock Paper Scissors League and aims to be the first RPS league on the blockchain.
RPS League will feature 3000 wearables, 5000 Hands teams, and 100 Lands. According to their official website:
“We proudly present the first Rock Paper Scissors (RPS) League in the Blockchain world, crossing the whole planet, ready to become even more popular and welcoming any player to take part, have fun, and play-to-earn!”
The game will launch in Q4 2021, which could be a great hit for the cryptocurrency community. The team is semi-anonymous and consists of one developer and two marketers.
Overall the idea is excellent; it’s a simple game that utilizes blockchain technology and allows customization and strategy. RPS is trading at $3.17, up over 7039% in the past 24 hours at the time of writing. Its unverified market cap is $4 million, and RPS is available on Biswap and PancakeSwap.
If the game launches and works this year, there’s no doubt that RPS League could easily attain a $100+ million valuation. At this point, the market is speculating on the team, and the project, but a $4 million valuation for a project that is more than just a meme token is highly conservative.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.