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The Central and Southern Asia and Oceania (CSAO) region is bursting onto the scene as a powerhouse in global crypto adoption! With an astounding $750 billion in cryptocurrency inflows, this region is making waves. The excitement is palpable as these nations redefine the future of finance!
This thrilling situation sets the stage for today’s focus on top crypto gainers. In this article, we’ll highlight UMA, Fasttoken, Stacks, and IoTeX. Each of these cryptocurrencies is experiencing substantial price surges and has exciting developments.
Biggest Crypto Gainers Today – Top List
First up is UMA, which leads the pack with a 15.43% increase thanks to its innovative Oracle technology. Fasttoken follows closely, rising by 6.05% as it leverages the Bahamut blockchain. Stacks shines with a 4.54% gain, unlocking Bitcoin capital. Meanwhile, IoTeX enjoys a 2.55% boost, driven by its partnership with Starpower and a remarkable 135% annual increase. So, let’s dive in and explore these gaining tokens that are reshaping the future of cryptocurrency!
1. UMA (UMA)
In today’s lineup of top crypto gainers, UMA takes the spotlight, surging by 15.43% in the last 24 hours. What makes UMA stand out is its innovative, optimistic Oracle system, which is revolutionizing how on-chain environments manage data. Unlike traditional price-feed oracles, UMA employs a “true unless disputed” mechanism, allowing for human input to settle disputes. This feature is key, especially in DeFi and Web3, where data isn’t always straightforward.
Moreover, UMA’s dispute resolution process involves three core players: the data requester, the proposer, and the disputant. If there’s a disagreement, token-holders step in, voting to resolve disputes within 48 hours. If correct, disputers are rewarded, while incorrect ones face penalties. As a result, UMA’s system ensures fairness while maintaining flexibility, making it a powerful tool for Web3 projects.
On the security front, UMA shines. All its smart contracts, audited by OpenZeppelin, are built on Ethereum, offering developers a secure foundation for decentralized apps. What’s more, UMA token-holders play a direct role in securing the system by voting on disputes, and as they claim rewards, their voting power grows.
In terms of liquidity, UMA boasts a strong volume-to-market cap ratio of 1.07, ensuring smooth trading. Yet, despite its strong price surge, the RSI stands at a neutral 58.11, suggesting that UMA may trade sideways in the short term.
With $UMA, you hold more than just a token—you hold the key to onchain truth.
✔️ Stake and vote to resolve onchain data disputes.
✔️ Earn up to 30% APR.
✔️ Secure the future of DeFi.
Here’s what you need to know to get started… 🧵 pic.twitter.com/K80LkLnU8t
— UMA 🥚 (@UMAprotocol) October 16, 2024
Long-term performance, however, paints a different picture. UMA is trading 73.16% above its 200-day SMA, signaling strength. Over the past year, the token has surged by 123%, outperforming 55% of the top 100 crypto assets.
All in all, UMA’s cutting-edge oracle, robust security, and strong performance make it a compelling investment opportunity.
2. Fasttoken (FTN)
The second top gainer today is Fasttoken, which surged by 6.05% in the past 24 hours, reaching a price of $2.69. What’s more, FTN enjoys high liquidity, with a solid volume-to-market cap ratio of 0.1949. However, it’s important to mention that FTN is currently overbought, as indicated by its RSI of 100. This suggests a potential dip could be looming.
Now, let’s dive into what makes Fasttoken stand out. FTN is the native currency of the Bahamut blockchain, a layer 1 EVM-based network. Bahamut introduces a novel Proof of Stake and Activity (PoSA) consensus mechanism. Unlike the traditional PoS, PoSA factors in activity levels—the more gas a validator’s smart contract consumes, the higher their chances of earning block rewards. This unique approach encourages smart contract developers to build high-quality, frequently used contracts, which drives innovation and network activity.
Furthermore, Fasttoken’s origins as an ERC-20 token allowed it to fuel SoftConstruct’s ecosystem. Today, it’s crucial for Bahamut’s staking and cross-chain operations. With over 4,200 validators and 200,000 holders, Bahamut is rapidly expanding, processing over 600,000 transactions to date.
In terms of long-term performance, FTN is trading a staggering 163,557.16% above its 200-day simple moving average of $0.001646. Even more impressive, the token has increased by 147% over the past year, outperforming 61% of the top 100 crypto assets. With volatility at just 5%, Fasttoken’s performance seems steady for now despite being overbought.
With its innovative technology and solid market metrics, FTN offers an enticing opportunity for investors looking for long-term growth.
3. FreeDum Fighters (DUM)
FreeDum Fighters is a satirical token project that brilliantly merges cryptocurrency with the excitement of political theater. As the presale unfolds, participants can passionately rally behind their favorite mechanized candidates, MAGATRON and Kamacop 9000.
At the same time, they can enjoy the prospect of potential financial rewards. Additionally, each presale stage offers unique pricing and allocations designed to attract early investors.
🚨 PATRIOTS NEEDED 🚨
Ready to pick sides in the showdown of the century—MAGATRON vs. Kamacop 9000? 🤖
Here’s your mission:
🇺🇸 Follow @Freedum_Fighter, like & comment our pinned tweet.
🇺🇸 Post a tweet which side you choose Magatron or Kamacop, tag friends that you think will… pic.twitter.com/zJ5z7w837J— FreeDum Fighters (@Freedum_Fighter) October 17, 2024
To begin with, in Stage 1: The Primaries, 20% of the presale is available at just $0.00005 per token. Following this, Stage 2: The Caucus features 25% of the allocation priced at $0.000075, which slightly increases the price to maintain momentum. Furthermore, Stage 3: Convention offers 30% at $0.0001, reflecting the project’s progress and thereby reducing risk.
Eventually, Stage 4: The General Election presents the final opportunity for presale participation at $0.000125. Currently, the presale has impressively raised $102,203, with 2,044,062,278 tokens sold. Importantly, investors can stake their $DUM tokens to earn substantial rewards while engaging in lively weekly debates for potential airdrops.
Moreover, the tokenomics include 20% for liquidity, 20% for staking, and 40% for presale allocations. Notably, with an astonishing APY of 28755.30%, this project offers not only financial returns but also political entertainment. Consequently, join FreeDum Fighters today and secure your tokens for this unique experience!
Visit FreeDum Fighters Presale
4. Stacks (STX)
Continuing on the list of top crypto gainers, Stacks has made a solid move, surging 4.54% in the last 24 hours. Moreover, it maintains impressive liquidity with a 0.0886 volume-to-market-cap ratio, indicating strong market interest.
What makes Stacks stand out is its unique role as a Bitcoin layer for smart contracts and decentralized applications. Essentially, it unlocks a massive $500B in Bitcoin capital by using the Bitcoin blockchain for transaction settlement. Thanks to its innovative Proof of Transfer (PoX) consensus and Clarity language, Stacks can read the full Bitcoin state at any time, securing transactions on Bitcoin’s network.
Additionally, its upcoming release will elevate Stacks even further. Soon, it will be fully secured by Bitcoin’s entire hash power, giving it unparalleled security and Bitcoin finality. This powerful combination of smart contract functionality and Bitcoin’s strength is hard to beat.
Transitioning to market performance, Stacks shows a balanced outlook. With a 14-day RSI of 37.18, it’s neither overbought nor oversold, suggesting sideways movement in the near term. Even more, over the last 30 days, 57% of days were green, reflecting steady momentum.
Curious about how #Bitcoin is evolving beyond a store of value? Check out our Building Block on @Stacks $STX, a scaling solution bringing smart contracts and dApps to the Bitcoin ecosystem—while leveraging its network security.
Read the Building Block: https://t.co/Lficuu8iE8 pic.twitter.com/riUrEf41OL
— Grayscale (@Grayscale) October 17, 2024
On a broader scale, Stacks is trading 94.38% above its 200-day moving average, signaling strong long-term growth. In fact, its price has surged 250% in the last year, outperforming 77% of the top 100 crypto assets.
Altogether, Stacks’ blend of security, innovation, and market performance positions it as a strong investment opportunity for those eyeing Bitcoin-driven technology.
5. Iotex (IOTX)
Wrapping up our list of top crypto gainers is IoTeX, which saw a 2.55% surge in the last 24 hours. With a healthy 0.0489 volume-to-market cap ratio, IoTeX enjoys strong liquidity, further underscoring its market presence.
A big driver of this price surge is the latest news from Starpower, the world’s largest decentralized energy network. Starpower is integrating IoTeX’s innovative ioID system to enhance DePIN verification. This move is set to improve the security, transparency, and trust across Starpower’s 14,000+ devices and 5 million daily transactions.
At its core, ioID bridges on-chain and off-chain identities, creating seamless integration for decentralized physical infrastructure (DePIN) applications. This strategic partnership has bolstered investor confidence, pushing the token higher.
When it comes to performance, IoTeX’s 14-day RSI sits at 62.63, indicating neutral momentum. While it may trade sideways in the short term, the token has shown consistent growth. Over the past 30 days, IoTeX recorded 13 green days, reflecting a steady rise.
Starpower, a massive decentralized energy network, is integrating IoTeX's ioID for enhanced DePIN verification.
ioID seamlessly bridges on-chain + off-chain identities, boosting transparency, verifiability, & trust for @starpowerworld’s 14,000+ devices & 5M daily transactions. https://t.co/lBt7lg2eSV
— IoTeX (@iotex_io) October 16, 2024
Though IoTeX is currently trading slightly below its 200-day moving average, down by just 1.05%, it still boasts an impressive 135% price increase over the past year. The token has also outpaced 56% of the top 100 crypto assets.
As IoTeX continues to expand its reach, particularly in decentralized applications (Dapps) and smart device integration, its roadmap is ambitious. IoTeX aims to onboard 100 million devices, unlocking real-world value in the coming years. Investors should keep a close eye on this project, as it promises growth and innovation.
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