Market Trends: The top losers and gainers show a divergence between hot and cold assets

Latest market data shows that on January 21, several mainstream tokens exhibited a significant divergence trend. Interestingly, new faces appeared on the decline leaderboard, while yesterday’s top gainer also reported a different performance today. Market enthusiasm shifted from certain sectors to others, showing a typical rotation pattern.

Top Gainers Overview

Among the rising tokens, ZRO performed the most impressively, reaching a price of $1.92, with a 24-hour increase of 13.55%, marking a substantial upward movement. AXS followed closely, with a current price of $2.20 and an equally impressive gain of 11.69%. These two projects seem to have become market hotspots.

Additionally, MEME experienced volatile price swings but managed to stay at low levels. Notably, most of the tokens in this gain ranking come from different ecological directions, indicating that the market is not overly concentrated in a single sector.

Top 5 Decliners and Their Movements

In the decline ranking, ICP leads with a current price of $3.55, down 7.18% over 24 hours, making it the most noticeably fallen token. Close behind are BLUR and IMX, with declines of 6.29% and 6.15%, respectively, showing similar weak performance.

RPL, although not in the most extreme decline list, has also fallen to $2.02, with a decline of 3.06%. RON shows signs of rebound; although its price remains around $0.15, its 24-hour increase has turned positive at 1.87%, indicating that selling pressure from earlier is gradually being absorbed. IOTA and FLOW experienced relatively mild declines, with reversals of 1.78% and 1.26%, respectively.

Overall, in this trading cycle, the difference between the decline and gain rankings reflects a theme rotation in the market. Investors should continue to monitor the fundamental changes of these tokens to understand the underlying driving factors.