DEXTools, CYBER, and MAP Protocol Emerge as Top Gainers in Altcoin Market

We may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.

Article Details
best altcoins to buy

CoinMarketCap has spotlighted three standout performers - DEXTools (DEXT), CYBER, and MAP Protocol (MAPO) - each posting impressive 24-hour gains on the back of strong fundamentals, major announcements, and heightened social engagement.

Here’s a closer look at why these tokens are surging.

DEXTools (DEXT) – Deflationary Burns and Multi-Chain Expansion

DEXTools exploded 67% in the past 24 hours, marking one of its strongest daily moves this year. The multi-chain analytics platform has expanded its reach to 124+ supported chains following integrations with Saros and Meteora. This expansion is paired with a deflationary token model, burning 1 million DEXT tokens in just one month.

Social activity surged 209% month-over-month, driven by traders relying on its real-time whale tracking tools during volatile market swings. While the token’s relatively small market cap increases its upside potential, it also makes it prone to sharp pullbacks.

CYBER – Upbit Listing Sparks Institutional Buy-In

CYBER rallied 52% in the last 24 hours, propelled by a major Upbit exchange listing on August 12. The news was compounded by NYSE-listed Enlightify’s announcement of a $20 million buyback program over the next 12 months, signaling strong institutional confidence. CYBER’s low circulating supply – just 19% of its total tokens – has created a squeeze dynamic that’s magnifying the rally. However, technical indicators like its RSI reading of 82 suggest short-term overbought conditions, meaning traders could see volatility near the psychological $5 resistance level.

MAP Protocol (MAPO) – DAO Governance and Cross-Chain Growth

MAP Protocol posted a 20% daily gain as its monthly cross-chain transaction volume topped $120 million. The upcoming launch of MAP DAO will allow holders to directly influence governance decisions, including fee structures and buyback ratios, a move expected to strengthen community involvement. Positioned at the intersection of Bitcoin and EVM chain interoperability, MAPO stands to benefit from the broader trend of RWA tokenization. Still, with daily liquidity at $18.27 million, its price remains susceptible to exaggerated swings during both rallies and corrections.

Leave Reaction
Share Article
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.
comment-icon Commentaries
Add your comment

Fill in necessary fields and publish