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This week has been turbulent for altcoins, marked by significant fluctuations amid broader economic uncertainties. The volatility stems from recent macroeconomic data, particularly a disappointing jobs report from the Bureau of Labor Statistics. Specifically, August’s employment figures fell short of expectations. Consequently, this weaker job growth has heightened concerns about the Federal Reserve’s future interest rate decisions. Thus, speculation is increasing that the Fed may be more cautious with rate cuts, which affects overall market risk appetite.
Biggest Crypto Gainers Today – Top List
Despite these economic challenges, today’s top crypto gainers—Cream Finance, Starknet, JasmyCoin, and Optimism—show resilience and strong performance. Cream Finance, in particular, stands out with a 17.59% surge, indicating its strength in the DeFi sector. Meanwhile, Starknet, JasmyCoin, and Optimism also post notable gains, reflecting their solid market presence and growth potential amid broader volatility. Let’s now explore each of these tokens in detail for further insights.
1. Cream Finance (CREAM)
Cream Finance takes the spotlight today with an impressive 17.59% surge in the last 24 hours. As part of the yearn.finance ecosystem, Cream Finance stands out as a decentralized DeFi lending protocol, offering services on multiple networks like Ethereum, Binance Smart Chain, Polygon, and Fantom. Its open-source and permissionless nature makes it appealing to a broad range of users, from individuals to institutions.
The CREAM token powers lending, borrowing, and staking while also playing a role in governance. With automated market making (AMM), users can earn rewards by providing liquidity, as well as paying fees for borrowing and lending. CREAM supports a variety of DeFi assets, including stablecoins like USDT and governance tokens like COMP and BAL.
The C.R.E.A.M. Collective is a thriving Web3 incubator, investing in founders and projects with our community of builders, investors, operators, degens, collectors, and mentors.
— Cream Finance 🍦 (@CreamdotFinance) August 22, 2024
Interestingly, CREAM boasts high liquidity, with a solid market cap-to-volume ratio of 0.2301. Despite this surge, the 14-day Relative Strength Index (RSI) sits at 39.37, indicating that the token is in neutral territory and may continue to trade sideways for now. Although volatility remains low at 14%, CREAM has had 11 green days in the last month, marking a consistent, yet cautious, uptrend.
For long-term investors, the outlook is promising. The token is currently trading 28.22% above its 200-day simple moving average (SMA), a significant milestone that suggests growing momentum. Over the past year, CREAM has delivered an impressive 86% increase, outperforming 63% of the top 100 crypto assets.
2. Starknet (STRK)
In today’s list of top crypto gainers, Starknet, known for its decentralized Validity-Rollup technology, has been making waves. Albeit as the second among the heavy hitters, the token saw a 9.84% surge in the last 24 hours, bringing its price to $0.4273. This uptick may be partly attributed to the latest announcement—STRK staking is officially coming to Starknet. As excitement builds around the Q4 release of this staking feature, it’s easy to see why traders have been quick to react.
With the rollout planned for both testnet and mainnet, Starknet will be the first Layer 2 to introduce this mechanism. What makes this even more compelling is that neither StarkWare nor the Starknet Foundation will participate in staking, making the process more decentralized right from the start. As these developments bring new use cases and business logic, the utility of STRK is set to grow, which may drive further positive price action.
The first-ever Mainnet vote for STRK holders is starting in 4 days! ⚡
All STRK holders will have the opportunity to vote on key parameters of the STRK staking, including the minting mechanism and the protocol for adjusting its parameters.
Make sure to delegate or self-delegate…
— Starknet 🐺🐱 (@Starknet) September 6, 2024
Moreover, Starknet’s liquidity is solid, with a high volume-to-market cap ratio of 0.5397. This means the token is well-supported in terms of trading activity. The token’s volatility remains low at just 5% over the past 30 days, making it less risky than other assets.
Interestingly, STRK had 15 green days in the last 30 trading days, indicating a 50% success rate. Though not the most aggressive performer today, Starknet’s combination of technological advancements and steady price action could make it a strong contender for future growth.
3. Crypto All-Stars (STARS)
Crypto All-Stars is taking the crypto world by storm, uniting the best of meme coins under one banner with its innovative MemeVault. It is designed for both meme coin lovers and seasoned investors. It offers a unique opportunity to stake popular meme coins like $DOGE, $SHIB, and $PEPE—all in one place—while earning exceptional staking rewards in $STARS tokens.
At the heart of this ecosystem lies the MemeVault, a staking protocol that rewards holders for their belief in the meme coin movement. Whether you’re a whale or a casual investor, Crypto All-Stars’ MemeVault gives you the ability to stake your favorite tokens and watch your returns multiply. The icing on the cake? $STARS holders can supercharge their earnings, with staking rewards reaching a jaw-dropping 1,359% APY.
The journey is just beginning. After the $STARS token launch, the MemeVault will offer investors a powerful platform to stake all the top meme coins under one roof. The more $STARS you own, the more rewards you earn, creating a lucrative incentive for hodlers to maximize their positions. As the token supply tightens and scarcity increases, the potential for 100x returns becomes more than just a dream.
Backed by a fully audited smart contract by SolidProof and Coinsult, Crypto All-Stars offers both security and opportunity in one dynamic package. The presale is closing in fast, with just days left before the next price increase. Don’t miss out on your chance to be part of this meme coin early.
Visit Crypto All-Stars Presale
4. JasmyCoin (JASMY)
JasmyCoin has been making strides in the IoT and blockchain space, even though it’s the least gainer among today’s top performers. Developed by Jasmy Corporation, this Japanese cryptocurrency aims to protect user data, allowing individuals full control over their personal information. By combining IoT technology with blockchain, JasmyCoin enables secure data exchange between devices like phones, cars, and computers.
The platform’s commitment to data sovereignty and user privacy is central. Through its use of IPFS technology, including the Security Knowledge Communicator (SKC) and Smart Defender, Jasmy ensures secure data management. Its Ethereum-based smart contract, audited by SlowMist, adds an extra layer of confidence for investors.
In terms of market movement, JasmyCoin’s current price sits at $0.018547, marking a 2.56% increase over the last 24 hours. With a high liquidity level, it shows a strong 0.2624 volume-to-market cap ratio. Additionally, the 14-day RSI of 50.69 indicates that JasmyCoin is currently neutral, suggesting a potential for sideways trading.
Over the long term, JasmyCoin has been performing impressively. It’s trading a remarkable 296.74% above its 200-day simple moving average and has seen a 381% increase in the past year. Furthermore, it has outperformed 92% of the top 100 crypto assets by market cap over the same period.
While JasmyCoin may be the highest gainer on this list, its robust platform and strong long-term growth make it one to watch closely.
5. Optimism (OP)
Optimism has shown a steady performance lately, though it’s the least gainer among today’s top cryptocurrencies. It is a layer-two blockchain built on Ethereum, using optimistic rollups to scale the Ethereum ecosystem. Its core principles of simplicity, pragmatism, and sustainability drive its long-term vision, aiming to minimize complexity while maintaining a secure and efficient system.
In the short term, Optimism’s price is up by 2.98%, currently sitting at $1.39. The cryptocurrency enjoys high liquidity with a volume-to-market cap ratio of 0.2575, making it easier for traders to move in and out of positions. Interestingly, the 14-day RSI of 56.88 indicates a neutral market sentiment, suggesting the possibility of sideways trading in the coming days. Furthermore, Optimism recorded 13 green days in the past 30 days, representing 43% of positive trading days.
🔴 Superchain 🔴
= shared standards
= shared security
= shared governance pic.twitter.com/wP7It7H8Ui— Optimism (@Optimism) September 4, 2024
Looking at the long-term performance, Optimism is -12.96% below its 200-day simple moving average of $1.60, hinting at potential resistance. However, its price has still increased by 4% over the last year, showcasing some growth. Although it outperformed only 32% of the top 100 cryptocurrencies in the past year, its solid technical foundation makes it an asset to watch.
Despite not being leading the top crypto gainers’ pack today, its unique approach to scaling Ethereum stands out. Combined with its solid fundamentals, this ensures it remains a key player in the crypto space.
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