Gate News Bot Message, January 23, 2026, according to CoinMarketCap data, the cryptocurrency market continues its recovery trend, with strong performance in the GameFi and cross-chain sectors. The top five cryptocurrencies by 24-hour gain all achieved double-digit growth, and market participation remains high. Below is the performance of the top five gainers in the past 24 hours:
1️⃣ ZRO (LayerZero)
📈 Current Price: $2.17 | Change: +12.19%
📊 24H High/Low: $2.24 / $1.86 | Market Cap: $728 million
💡 Large token unlock (25.71 million ZRO, valued at $44.5 million) usually causes selling pressure, but market confidence remains strong. Meanwhile, LayerZero is suspected to release a major announcement on February 10, fueling market anticipation. Large fund transfers (outflow of 3.3419 million ZRO) reflect active institutional operations.
2️⃣ AXS (Axie Infinity)
📈 Current Price: $2.86 | Change: +8.14%
📊 24H High/Low: $2.93 / $2.40 | Market Cap: $482 million
💡 Uptrend driven by an upgrade to the economic model, the project launched bAXS, an application token that incentivizes players through staking mechanisms to improve token utility. The GameFi sector regained attention in early 2026, with Axie, as a well-established IP leader, becoming a preferred choice for capital inflows, with a cumulative increase of over 200% in January.
3️⃣ SAND (The Sandbox)
📈 Current Price: $0.17 | Change: +8.53%
📊 24H High/Low: $0.17 / $0.15 | Market Cap: $463 million
💡 Bullish trend confirmed, with multiple technical indicators showing price breakout progress. The current price level of $0.15 represents a key support point, reflecting increased market participation and aligning with the overall recovery of the NFT and metaverse sectors.
4️⃣ XDC (XDC Network)
📈 Current Price: $0.42 | Change: +6.38%
📊 24H High/Low: $0.44 / $0.39 | Market Cap: $812 million
💡 Growing demand for enterprise-grade blockchain applications, with XDC Network’s practical deployments in compliant supply chain and corporate financing driving ecosystem value.
5️⃣ ZEC (Zcash)
📈 Current Price: $368.35 | Change: +3.62%
📊 24H High/Low: $371.47 / $353.05 | Market Cap: $6.077 billion
💡 Privacy coin narrative regains attention, with the Zcash Foundation releasing a Rust-based DNS seed generator to enhance network reliability. The Winklevoss brothers donated 3,221 ZEC (about $1.2 million) to support core development, indicating long-term institutional confidence in privacy coins.
📊 Market Summary: The current rally is driven by three major narratives: GameFi, cross-chain interoperability, and privacy protection. The leading gains of LayerZero and Axie Infinity reflect market recognition of ecosystem upgrades and incentive mechanism reforms, while the revival of privacy coins like Zcash indicates a warming privacy demand. It is worth noting that several projects face large token unlocks, and investors should monitor subsequent liquidity releases.
⚠️ This message is not investment advice. Please be aware of market volatility risks when investing. The cryptocurrency market is highly volatile; participate cautiously according to your risk tolerance.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bittensor Jumps 20% After Jensen Huang Backs Distributed AI
Key Insights:
Bittensor surged over 20% after NVIDIA CEO Jensen Huang highlighted its distributed AI training, drawing strong attention from both crypto and technology markets.
The TAO price broke above the Bull Market Support Band for the first time since November, signaling a potential
CryptoNewsLand23m ago
Zcash Holds Key Support After 18% Drop From Weekly Peak
Key Insights:
The Zcash price dropped over 18% to $232, now testing a key trendline support that may determine short-term direction and potential recovery strength.
Bullish RSI divergence and a green Supertrend suggest weakening selling pressure, with upside targets at $265 and $300 if suppo
CryptoNewsLand32m ago
Did we win or lose the war? Trump: We profited.
Although it is difficult to evaluate his presidential abilities, Trump has demonstrated outstanding performance in manipulating financial markets. He uses his statements to influence market fluctuations, causing large amounts of capital to flow in and out, revealing a combination of his trading skills and political strategies. By shaping the stock market performance to gain political benefits while avoiding legal risks associated with direct profits, he navigates skillfully between power and wealth.
金色财经_53m ago
The reasons for gold's rise may be down to just 0.5
The article discusses recent gold price fluctuations and multiple reasons for its recent gains, including safe-haven demand, inflation expectations, and China's purchasing power. The author argues that although gold is currently affected by speculative behavior, its safe-haven properties and inflation expectations are weakening, while China's pace of accumulation is slowing. As a result, the momentum for future gold price increases is insufficient, and a cautious stance is recommended.
金色财经_1h ago
XRP Holds $1.43 Trendline as Fed Shock Slows Recovery
Key Insights:
XRP holds above the $1.43 trendline support, preserving its recovery structure despite pressure from recent Federal Reserve-driven market weakness and limited upside momentum.
The Donchian Channel range between $1.32 and $1.60 defines price action, with resistance near $1.48 li
CryptoNewsLand1h ago
XRP Price Holds Near $1.44 as Whale Activity Weakens
XRP price remains stable around $1.44 after a failed attempt to breach $1.60, driven by increased smaller wallet activity and reduced whale participation. Trading metrics indicate softer demand and neutral market momentum, reflecting balanced conditions.
CryptoNewsLand1h ago
