Highlights:
The crypto market on Christmas Day is experiencing a mixed sentiment despite the overall market cap surging to $2.95 trillion. Amidst this surge, the 24-hour trading volume has declined by 25% to $66 billion. The Fear and Greed Index remains at 28 levels, indicating a fear sentiment in the market. Amidst this mixed sentiment, let’s look at the top crypto gainers today, such as Canton, Zcash, and Dash.
Privacy-based coins are leading the list of the top crypto gainers today, with Canton recording a surge of 15% over the last 24 hours. The altcoin has been on a bullish ride, surging by 35% and 15% on the weekly and monthly charts, respectively. Currently, Canton is exchanging hands at around $0.1027, with a market capitalization of $3.75 billion.
Source: CoinMarketCap
Recently, Canton Network collaborated with The Depository Trust and Clearing Corporation to expand the institutional tokenization activity. This partnership was aimed at tokenizing assets of The Depository Trust Company with the help of the secure Canton blockchain system.
This announcement triggered a good market response, which has catapulted CC to the limelight among financial institutions. Investors have also responded positively, and there is increased interest in regulated digital assets. The collaboration underscores the continued collaboration between Digital Asset and DTCC, building up confidence in the industry.
Zcash emerged as the second-best crypto gainer today, elevating the weekly gains to 7.50%. ZEC is recovering from the recent slump, which saw the privacy-based coin decline by 12% on the monthly charts. This latest bullish momentum has pushed the market cap and trading volume to $7.28 billion and $720 million, respectively.
Source: CoinMarketCap
ZCash is sustaining its positive trend, showing buying power. Crypto analyst AtomB has highlighted a major demand area around the $400 level. A rebound at this point might sustain bullish pressure and aim at the resistance of $476.
Meanwhile, blockchain data indicate renewed whale activity. A new wallet, t1XKfb, moved 30,000 ZEC out of Binance. This figure approximates to $13.25 million and sparks interest in the market. Moreover, the shift indicates a high accumulation, which may favor the current price structure.
After recording a decline of 30% on the monthly chart, DASH is back on an uptrend again with a 6% surge over the last 24 hours. The altcoin has been steadily climbing from lows of $36 to face resistance around the $40 level. Its market cap and trading volume stand at around $490 million and $75 million, respectively.
Source: CoinMarketCap
The 8-hour chart indicates that Dash has broken out of a downward trendline. According to an insight shared by crypto-analyst World of Charts, the price bounced from the $27-30 area, which is a potential reversal area.
The analyst highlighted this trend, with a breakout above the consolidation range. The chart indicates a potential increase in momentum, similar to the preceding 229% jump. The setup is suggesting a recovery, based on momentum, with a resistance close to $42. Further gains above the breakout trendline may drive further gains heading into early 2026.
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