Top Gainers Coin in Binance: How to Spot and Trade the Best Performing Cryptocurrencies in 2024

Binance is the world’s largest and most popular cryptocurrency exchange, with over 1,500 coins and tokens available for trading. Binance also has a feature that allows users to see the top gainers and losers in the market, based on their 24-hour price change. This can be a useful tool for traders who want to find and trade the best performing cryptocurrencies in the market.

Simplify your crypto investments with MEXC, your go-to platform for fast and easy trading.

But how do you spot and trade the top gainers coin in Binance? What are the factors that influence their price movements? And what are the risks and rewards of trading them? In this article, we will answer these questions and more, using simple analogies, examples, and easy-to-understand language. We will also introduce you to CoinEx, another global crypto exchange that offers low fees, high liquidity, and multiple trading options, including SWYFT, one of the top gainers coin in Binance.

What are the Top Gainers Coin in Binance and How to Find Them?

The top gainers coin in Binance are the cryptocurrencies that have the highest percentage increase in their price over the last 24 hours. For example, if a coin’s price was $1 yesterday and today it is $2, then it has a 100% increase, which makes it a top gainer. The top gainers coin in Binance can change every hour, depending on the market conditions and the trading volume.

Make the most of your crypto investments on MEXC, with its user-friendly interface and extensive coin offerings.

To find the top gainers coin in Binance, you can use the Binance website or app, and go to the Markets section. There, you can filter the coins by 24H change, and see the top gainers and losers in different categories, such as BTC, ETH, BNB, USDT, and others. You can also see the price, volume, and market cap of each coin, as well as the trading pairs available.

Alternatively, you can use a third-party website, such as CoinMarketCap or CoinCodex, to see the top gainers and losers in Binance, as well as other exchanges. These websites also provide more information and analysis, such as charts, news, and ratings, for each coin.

What are the Factors that Influence the Price of the Top Gainers Coin in Binance?

The price of the top gainers coin in Binance is determined by the supply and demand of the market, as well as other factors, such as:

• News and Events: The top gainers coin in Binance can be influenced by positive or negative news and events, such as new partnerships, listings, upgrades, hacks, regulations, and so on. For example, if a coin announces a major partnership with a well-known company, or gets listed on a popular exchange, its price can surge, as more people become aware of it and want to buy it. On the other hand, if a coin suffers a security breach, or faces legal issues, its price can plummet, as people lose confidence and want to sell it.
• Hype and FOMO: The top gainers coin in Binance can also be influenced by hype and FOMO (fear of missing out), which are driven by social media, influencers, and word-of-mouth. For example, if a coin becomes viral on Twitter, Reddit, or TikTok, or gets endorsed by a famous person, its price can skyrocket, as more people join the bandwagon and want to buy it. However, this can also lead to overvaluation and speculation, which can result in a price correction or crash, as people take profits or panic sell.
• Innovation and Utility: The top gainers coin in Binance can also be influenced by innovation and utility, which are based on the technology, features, and use cases of the coin. For example, if a coin introduces a new solution, protocol, or service, that solves a real-world problem, or improves an existing one, its price can increase, as more people recognize its value and potential. However, this can also depend on the adoption and competition of the coin, as well as the market sentiment and trends.

What are the Risks and Rewards of Trading the Top Gainers Coin in Binance?

Trading the top gainers coin in Binance can be a profitable strategy, but it also comes with risks and challenges, such as:

• Volatility: The top gainers coin in Binance are usually very volatile, which means that their price can change rapidly and unpredictably, in both directions. This can create opportunities for traders who can buy low and sell high, or use leverage and derivatives to amplify their profits. However, this can also create risks for traders who can lose money quickly, or get liquidated, if the price moves against them, or if they use too much leverage or margin.
• Competition: The top gainers coin in Binance are usually very competitive, which means that there are many traders who are trying to buy and sell them, as well as many bots and algorithms that are using advanced strategies and techniques. This can create challenges for traders who need to have fast and reliable execution, as well as accurate and timely information, to beat the market. However, this can also create advantages for traders who can use tools and platforms that can enhance their trading performance, such as CoinEx, which we will explain in the next section.
• Scams and Manipulation: The top gainers coin in Binance are sometimes subject to scams and manipulation, which means that there are malicious actors who are trying to deceive and exploit the traders, by using fake news, pump and dump schemes, or other fraudulent methods. This can create dangers for traders who can fall victim to these scams and lose their money, or get banned from the exchange, if they violate the rules. However, this can also create benefits for traders who can avoid these scams and use reputable and regulated platforms, such as CoinEx, which we will introduce in the next section.

What is CoinEx and How Does it Compare with Binance?

CoinEx is a global crypto exchange that supports a wide range of coins and trading pairs, including SWYFT, one of the top gainers coin in Binance. CoinEx offers a user-friendly interface, high-speed matching engine, robust security, and multiple trading options, such as spot, margin, futures, and AMM. CoinEx also has its own token, CET, which gives users various benefits, such as discounts, dividends, and voting rights.

To compare CoinEx with Binance, we will look at some of the key features and factors that traders care about, such as fees, liquidity, security, and customer support.

• Fees: CoinEx has lower fees than Binance, especially for makers and CET holders. CoinEx charges 0.2% for takers and 0.1% for makers, while Binance charges 0.1% for both. CoinEx also offers discounts for CET holders, up to 50% off. Binance also offers discounts for BNB holders, but only up to 25% off.
• Liquidity: CoinEx has higher liquidity than Binance, as it has more trading volume and more trading pairs. CoinEx has over $2 billion in daily trading volume and over 2,000 trading pairs, while Binance has over $1 billion in daily trading volume and over 1,500 trading pairs. CoinEx also has access to more global markets, such as Europe, Asia, and America, while Binance is mainly focused on Asia and Africa.
• Security: CoinEx and Binance have similar security measures, such as 2FA, SMS verification, email confirmation, and cold storage. CoinEx also has an additional layer of protection, called Shield Fund, which is a reserve fund that covers any losses in case of a security breach. Binance does not have a similar fund, but it claims to have never been hacked or compromised.
• Customer Support: CoinEx and Binance both have excellent customer support, with 24/7 live chat and email support. CoinEx also has a phone support option, while Binance does not. CoinEx and Binance both have active and helpful communities on Reddit, where users can share their feedback, questions, and suggestions.

As you can see, CoinEx and Binance have their own strengths and weaknesses, and it is up to you to decide which one suits your needs and preferences better. However, if you are looking for a global crypto exchange that offers low fees, high liquidity, and multiple trading options, you may want to give CoinEx a try. To start trading on CoinEx, you can register now and use the referral code qrt5s to get some rewards.

Conclusion

The top gainers coin in Binance are the cryptocurrencies that have the highest percentage increase in their price over the last 24 hours. They can be influenced by various factors, such as news, hype, innovation, and utility. Trading the top gainers coin in Binance can be a profitable strategy, but it also comes with risks and challenges, such as volatility, competition, and scams. To trade the top gainers coin in Binance, you need to have a reliable and secure platform, such as CoinEx, which offers low fees, high liquidity, and multiple trading options, including SWYFT, one of the top gainers coin in Binance.

We hope you enjoyed this article and learned something new about the top gainers coin in Binance. If you have any questions or comments, please feel free to leave them below. And if you want to trade the top gainers coin in Binance, or any other cryptocurrency, you can register now on CoinEx and start your crypto journey.