Osmosis, Celestia, Kaspa lead cryptocurrency gainers
Osmosis, Celestia, and Kaspa reported between 8% and 12% gains as the top cryptocurrency gainers on Jan. 5.
Topping the CoinMarketCap leaderboard is Osmosis (OSMO), a token that functions as a decentralized exchange (DEX) within the Cosmos ecosystem, connecting sovereign blockchains through the Inter-Blockchain Communication Protocol (IBC). Data shows the live price is $1.80 USD, accompanied by a 24-hour trading volume of $138 million.
The latest update reflects a 12.4% increase in the past 24 hours. Osmosis has continued to gain interest in the community, with the token hitting $1.1 billion in monthly volume during December based on DefiLlama data.
Celestia (TIA) is the modular blockchain network in the second spot. As of the latest update, the live Celestia price is $16.07, and the 24-hour trading volume registers at $831 million, showcasing an 11.8% increase over the past 24 hours and 26.1% gains in the last 7 days.
The token has continued to see price surges in response to its airdrops, which have occurred since its mainnet beta launch in October, at which time over 580,000 users received TIA.
Kaspa (KAS), a proof-of-work (PoW) cryptocurrency that implements the GHOSTDAG protocol, is rounding out the third spot on the leaderboards.
Reporting 8.1% gains at $0.113, the recent surge is attributed to recent posts by cryptocurrency industry experts Leiner and Simo, who suggest the project could be ready for another significant surge.
