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When investing in top crypto gainers, it’s crucial to consider various factors to make informed decisions. This article provides key insights into the recent performance and unique features of 4 distinct winners. By examining metrics such as price surges, liquidity, and market trends, investors can better understand the potential and stability of Nervos Network, Worldcoin, Compound, and IoTeX. These insights are designed to help you navigate the market’s volatility and make strategic investment choices based on comprehensive, up-to-date information.
Biggest Crypto Gainers Today – Top List
Our four top gainers have shown impressive surges and innovations, securing their spots on today’s list. Leading the way, Nervos Network surged 10.65% due to its Fiber Network, which enhances scalability and multi-token transactions. Meanwhile, Worldcoin follows behind, rising by 6.07% with its World ID system, which redefines online identity verification while preserving privacy.
Additionally, Compound saw a 4.12% increase, highlighting its growth as a key DeFi lending and borrowing protocol. Lastly, IoTeX gained 3.98%, having recently partnered with Dill to enhance its DePIN Modular Infrastructure, aiming to onboard 100 million devices and boost scalability.
Without further ado, let’s examine these tokens to see their potential for investment opportunity.
1. Nervos Network (CKB)
The first top crypto gainer on our list today is Nervos Network, surging by an impressive 10.65% in the past 24 hours. This sudden increase has sparked significant interest in the market, especially with the announcement of their Fiber Network. This new feature promises to enhance multi-token payments and peer-to-peer transactions inspired by Bitcoin’s Lightning Network. It solves scalability issues, reduces costs, boosts speed, supports multiple assets, and works with Bitcoin’s Lightning Network, making it a game-changer for Nervos.
Moreover, outside of this price jump, Nervos Network has always been a standout with its dual-layer architecture. The Layer-1 base (Common Knowledge Base or CKB) secures the network using Proof-of-Work (PoW) while the Layer-2 computation layer processes transactions in real time. This combination offers developers the security of PoW and the flexibility to build scalable decentralized applications (dApps).
🌟 Introducing Fiber Network 🌠
🚀 A new lightning network on #Nervos #CKB tailored for speed, cost-efficiency, and decentralization! Fiber Network is a cutting-edge solution for multi-token payments and peer-to-peer transactions. 🧵
💥 Inspired by the Lightning Network, Fiber… pic.twitter.com/disRARmRD3
— CKB Eco Fund 🔜 Token 2049 🇸🇬 (@CKBEcoFund) September 11, 2024
The short-term performance of CKB remains equally impressive. In the last 30 days, it has seen 15 green days, which means it closed higher than it opened 50% of the time. Furthermore, its 14-day Relative Strength Index (RSI) is 48.15, indicating the token is neutral and likely to continue trading steadily. With a low volatility rate of just 9%, Nervos has shown stability amidst its recent surge.
On the long-term front, CKB is trading 36.81% above its 200-day simple moving average (SMA) of $0.007369. Moreso, over the past year, its price has soared by an astonishing 273%, significantly outperforming 86% of the top 100 crypto assets by market cap. The network’s steady performance, combined with its innovative Fiber Network, makes it one of the most exciting tokens in the crypto market today.
2. Worldcoin (WLD)
Worldcoin has also caught the market’s attention today, with its price rising by 6.07% in the last 24 hours. This surge is backed by its ambitious mission to create a global identity and financial network through the innovative World ID. Its approach to online identity verification, known as “Proof of Personhood,” enables users to prove they are human without sacrificing their privacy. This feature, powered by zero-knowledge proofs, has intrigued many in the blockchain space.
As an ERC-20 token on Ethereum, Worldcoin leverages the Optimism network for transactions, enhancing scalability and efficiency. Its governance model is equally innovative, offering users direct influence over the protocol’s evolution, potentially paving the way for new forms of democratic participation in blockchain governance.
Built for the @worldcoin project, World Chain opens new opportunities for reaching humans at scale.
World Chain aims to become the largest network of financial & identity apps.
Tenderly will integrate World Chain to support your on-chain journey. 🧵👇https://t.co/0oV6NkXFKV
— Tenderly (@TenderlyApp) September 5, 2024
Recent metrics reveal Worldcoin’s strong market presence. Its liquidity is impressive, boasting a volume-to-market cap ratio of 1.2967, which keeps trading seamless. The 14-day RSI is sitting at 58.18, signaling that the token is currently neutral and poised for potential action. Even more exciting, Worldcoin has shown solid consistency, with 16 green days out of the last 30—53% of the time.
On top of that, volatility has remained low, with 30-day volatility at just 9%. In the past year alone, Worldcoin has surged by 49%, outperforming nearly half of the top 100 crypto assets by market cap. As the second top crypto gainer on our list today, it exemplifies the dynamic potential of emerging cryptocurrencies.
3. Memebet Casino (MEMEBET)
Just launched, this GambleFi meme coin, Memebet Casino, has already raised over $200,000 in just 48 hours, setting the stage for some serious action in decentralized betting. If you’re a fan of high-stakes casino games and crypto wagering, this is your golden opportunity.
With $MEMEBET, you get access to a thrilling Telegram-based betting platform where you can wager not only with $MEMEBET but also meme coins like DOGE, PEPE, and SHIB. But here’s the real kicker: $MEMEBET unlocks exclusive rewards and VIP access for degens who want to play big. The first presale round is open at $0.025, and with the price set to increase soon, getting in early could give you an edge as this project continues to grow.
All in on $MEMEBET
The home of degenerate gamblers & high IQ apes.
Presale, Casino & Airdrop.
Join the presale! 👇 https://t.co/cY4p8PqXzg pic.twitter.com/gkIJbgOXyK
— MemeBet (@Memebetcasino) September 10, 2024
Furthermore, there’s a 400 million $MEMEBET token airdrop up for grabs, and it’s only available to early contributors. That means if you jump on this now, not only do you get the token at a discount, but you also position yourself for future rewards and bonuses. And with its play-to-earn mechanics, the more you bet, the more you can earn.
With its upcoming casino launch and global sportsbook features, this is your chance to get ahead of the curve and secure your share of the profits.
4. Compound (COMP)
The third top gainer today is Compound, with a 4.35% surge in the last 24 hours. This boost has drawn attention to its DeFi lending protocol, which allows users to earn interest by depositing cryptocurrencies into various pools. In return, users receive cTokens, representing their stake in the pool, which can be redeemed for more than the initial deposit as interest accrues.
Compound’s appeal lies in its ability to generate passive income for depositors while offering secured loans to borrowers. Borrowers can take out loans by depositing collateral, with loan-to-value ratios ranging from 50% to 75%. The platform uses smart contracts to automatically manage deposits, cToken minting, and collateral levels, ensuring each pool remains overcollateralized. If collateral drops below a specific threshold, automatic liquidation occurs, protecting lenders and creating opportunities for liquidators.
As for its short-term outlook, COMP’s 14-day Relative Strength Index (RSI) sits at 41.19, indicating neutral momentum. Impressively, over the last 30 days, the token has had 16 green days (53%) and shows low volatility at 8%.
However, in the long term, it is trading 8.70% below its 200-day simple moving average of $48.11. Yet, this minor dip doesn’t overshadow its modest performance over the past year. Despite the recent lag, Compound has achieved an 11% gain, outperforming 26% of the top 100 crypto assets. This resilience highlights its strength and potential, even amidst market fluctuations.
5. Iotex (IOTX)
Last among today’s top crypto gainers is Iotex, shining bright with a surge of 3.98% in the past 24 hours. IoTeX is on a mission to build a scalable, EVM-compatible blockchain for various applications. The native coin, IOTX, governs the protocol and benefits from the deflationary Burndrop mechanism.
As is well known, there’s no rain without a cloud. Hence, the major catalyst for today’s price jump is probably IoTeX’s new partnership with Dill. This collaboration is set to enhance IoTeX’s DePIN Modular Infrastructure with the goal of onboarding 100 million devices. Dill’s high-performance data availability network offers unparalleled scalability and speed, making it a game-changer for IoTeX. The integration of Dill’s solutions is expected to unlock tremendous real-world value and drive further adoption within the IoTeX ecosystem.
Looking at the numbers, IOTX shows impressive short-term metrics. First, it has a 30-day volatility of just 6%, indicating stability in its price. Moreover, the token enjoys high liquidity with a volume-to-market cap ratio of 0.0374. This suggests active trading and strong investor interest. Additionally, the 14-day RSI is at 62.63, signaling a neutral market stance, which might mean the price could trade sideways in the near term.
Welcome Dill – a new Data Availability module now integrated into IoTeX's Modular DePIN Infrastructure.@dill_xyz_ raises the bar for speed and scalability, offering DePINs on IoTeX a top-tier DA module to plug into their stack.
DA for Everyone, #DePIN for Everyone. https://t.co/gNWD7KajsJ
— IoTeX (@iotex_io) September 10, 2024
Turning to the long-term performance, IOTX has demonstrated significant growth. Over the past year, its price has surged by 128%. Currently, it trades at $0.0357, which is 14.56% below its 200-day SMA of $0.0418. Despite this, the token has bested 66% of the top 100 cryptocurrencies by market cap, showcasing its strong position in the broader market.
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