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
Ethereum (ETH) on the Edge: Critical Level Stands Between New Bull Run and a Major Crash
While the second-largest cryptocurrency has registered a significant rebound over the past month, it remains at risk of plummeting to drastically low levels during this cycle.
On the other hand, some important indicators suggest that the worst might be over and the price could be gearing up for a m
CryptoPotato22m ago
Bittensor (TAO) Rises 10% Daily as Bulls Eye Further Breakout
The cryptocurrency market registered a slight rebound over the past 24 hours, with Bittensor (TAO) being the best performer (at least among the top 100 club) today.
Market experts expect the bullish momentum to continue, projecting more substantial gains in the near future.
TAO Jumps
CryptoPotato40m ago
What's next after bitcoin's historic underperformance stretch against stocks
Bitcoin’s first-quarter slump capped an unusual run: nearly six months of underperformance against U.S. equities, a stretch that has no precedent.
“That’s never happened,” said Mark Connors, founder of Risk Dimensions, pointing to data showing bitcoin lagging stocks consistently since early
CoinDesk3h ago
Retail Investors Abandoned XRP but Ripple Whales Have Stepped Up: Analyst
A very “ideal situation” for XRP has developed over the past few months, claimed a popular market observer, indicating that large whales have become the dominant buying force behind the asset.
Their comments come as the price of Ripple’s cross-border token has struggled over the past seven days, po
CryptoPotato3h ago
Solana Price Holds Near $80 as Analysts Split on Next Move
Key Insights:
Solana trades near $80 under pressure, with persistent lower highs and weak recovery attempts reinforcing a clear short-term bearish market structure.
Analysts identify the $75 to $45 range as a key accumulation zone, supported by historical demand levels and long-term
CryptoNewsLand3h ago
Cardano Price Near $0.245 Level as Market Momentum Weakens
Cardano's price is stabilizing around the $0.245 support level amid market consolidation and declining momentum. The inability to break resistance at $0.268 raises concerns about upward strength. Meanwhile, development of the new node version 10.7.0 is in testing, promising enhancements for the ecosystem.
CryptoNewsLand4h ago
