For a crypto to become a top gainer of the last 24 hours, there must be obvious positive interest in the market, leading to higher volume of buy transactions and pushing the prices of the top gainers up. One can imagine that crypto enthusiasts are shouting that these tokens are about to go “to the moon” all over social media, further driving market interest in the top crypto gainers of the day.

Underneath the noise on social media, there are some commonly seen key driving forces contributing to the positive momentum of the top crypto gainers. While certain factors are logical, the market has a tendency to be irrational, causing massive price action and fluctuation. This is why it is important to conduct technical analysis in order to determine if it is still the right and safe timing to enter the market.

Small cap coins are usually newer coins in the market, and as such they tend to be less liquid by nature. In positive scenarios, these small caps have experienced teams with strong technical abilities, farsighted project roadmaps and whitepapers as well as excellent track records, just to name some of the factors to be taken into account as fundamental analysis is being carried out. All of these will create interest of genuine early stage investors and can easily drive small caps to become top gainers of the day.

However, there are times where small caps become the target of market making by whales and/or malicious market controlling as these cryptos can easily be cornered. That being said, there is a real probability that such crypto gainers could turn out to be pump-and-dump schemes, and investors are advised to tread carefully when dealing with assets of such nature.