Top Crypto Gainers Today Oct 30 – Space ID, Sei, Akash Network, Iotex

Choosing the right token to invest in can be daunting, especially with the overwhelming number of options available. However, thorough research and a solid understanding of the fundamentals are essential for identifying projects that align with investment goals. In this context, four top gainers—Space ID, Sei, Akash Network, and IoTeX—are worth looking at in the market today. They showcase impressive growth potential and embody the innovation and promise that make investing an exciting venture. 

Biggest Crypto Gainers Today – Top List

A key indicator of a promising cryptocurrency project is its commitment to continuous innovation. In this regard, these top gainers excel. For instance, Space ID is transforming the Web3 domain sector by integrating its Web3 Name SDK into THENA’s Arena leaderboard, which boosts user engagement.

Similarly, Sei has attracted over 800,000 new users in just a month, highlighting its growing appeal. Moreover, Akash Network is disrupting cloud computing with record GPU utilization and rising user fees. At the same time, IoTeX is making headlines with its ambitious DePIN incentives campaign, offering 100 million IOTX tokens. 

1. Space ID (ID)

The first top crypto gainer on our list today is Space ID, a key player in the Web3 domain sector. Built to simplify digital identity management, SPACE ID offers a unique platform where users can seamlessly discover, register, trade, and manage Web3 domains. By integrating a versatile SDK and API, SPACE ID allows developers to build Web3 identities that can operate across multiple blockchains, enhancing accessibility and innovation.

The ID token drives the SPACE ID ecosystem. As the platform’s native token, it supports staking, governance, and payments. Staking ID tokens unlocks discounts in the SPACE ID Domain NFT Marketplace, benefiting users with reduced fees. Moreover, the ID token’s governance function ensures a democratic approach, giving token holders a voice through the SPACE ID DAO. This decentralized structure aims to foster a more engaged community, creating long-term value for investors.

Welcome @ThenaFi_ !! https://t.co/dU4YMiPjIm

— SPACE ID (@SpaceIDProtocol) October 28, 2024

Recently, SPACE ID made headlines by integrating its Web3 Name SDK into THENA’s Arena leaderboard. This news likely helped boost investor interest and could have contributed to ID’s impressive 10.17% surge over the last 24 hours. With a current price of $0.442102 and a high volume-to-market-cap ratio of 0.3573, ID demonstrates strong liquidity, adding to its appeal.

In terms of stability, ID is neutral with a 14-day RSI of 48.18, indicating neither overbought nor oversold conditions. Impressively, it also sits 62.25% above its 200-day SMA, showing consistent upward momentum over the year. Though volatile, ID’s performance outpaced 49% of the top 100 cryptos, further solidifying its position as a promising investment in today’s market.

2. Sei (SEI)

The second top crypto gainer on our list today is Sei, a project making waves as the first Layer 1 blockchain specifically optimized for trading. With its focus on decentralized exchanges (DEXes), Sei provides the high-speed, scalable infrastructure that DEXes need to function at their best. These exchanges are essential for trading digital assets, NFTs, and in-game items across the blockchain ecosystem, and Sei’s sector-specific design helps them do it reliably.

Over the last month, Sei has attracted an impressive 808,000 new users on the EVM side, marking a 34% increase in user growth compared to the previous month. This surge in adoption, along with the 1.7 million unique addresses that have made transactions since the Sei EVM launch, highlights a strong, growing user base. This recent growth aligns well with SEI’s price movement, as it has surged 8.21% in the last 24 hours.

Over the past 30 days, @SeiNetwork has attracted nearly 808k new users on the EVM side alone.

This represents a 34% increase in new users compared to the previous 30-day period.

Since the launch of Sei EVM, a total of 1.7m unique addresses have made at least one transaction.👇 pic.twitter.com/OBex46yj17

— Hess (@0xhess) October 26, 2024

Sei’s liquidity is also a draw for investors. With a 0.3791 volume-to-market-cap ratio, SEI maintains high liquidity, which is essential for a trading-focused blockchain. Moreover, the project’s 14-day RSI of 48.79 indicates that the token remains neutral, suggesting the price could continue to move sideways in the near term.

Price stability has been another positive indicator, with the 30-day volatility at just 7%. Impressively, SEI is up 260% over the past year, outperforming 80% of the top 100 crypto assets. This strong performance makes Sei an appealing prospect for investors looking for innovative, high-potential projects.

3. FreeDum Fighters (DUM)

In just over a week, FreeDum Fighters has raised over $300,000, drawing attention from both sides of the political spectrum. This meme coin project cleverly combines the thrill of the U.S. elections with crypto fun. Participants can vote to determine which candidate will take the lead: MAGATRON, a mechanized version of former President Trump, or Kamacop 9000, representing Vice President Kamala Harris.

How $DUM Debates Work:

🔥 Every week, MAGATRON diehards clash with Kamacop crusaders in the ultimate test of…teamwork? 🔥

Here’s the lowdown:

🗓️ Weekly Debate: Runs Wednesday to Friday. We’ll throw out a fiery question, and you’re either "for" or "against."

💥 Pick your… pic.twitter.com/dqs3LwTmpA

— FreeDum Fighters (@Freedum_Fighter) October 30, 2024

Currently, $DUM is available for just $0.00006 during this fundraising phase. However, this ground-floor pricing ends in less than two days. The next round will see the price increase by 36.36% to $0.000075. So, time is running out for those who want to secure their tokens early.

Among crypto enthusiasts, MAGATRON is gaining significant support. Interestingly, while MAGATRON offers a solid 326.83% annual percentage yield (APY), Kamacop 9000 boasts an impressive 1,378% APY. Still, 75% of presale investors are backing MAGATRON. Supporters of Kamacop 9000 can still join the conversation by participating in debates on social media. Engaging in these discussions can earn them additional $DUM tokens.

The demand for $DUM reflects the booming meme coin sector, now valued at $780 million. FreeDum Fighters provides a fun way for politically engaged crypto fans to showcase their colors. Whether you’re MAGA-loving or Harris-supporting, $DUM allows everyone to participate in this exciting electoral season. So, connect your wallet and grab your tokens before the price increases!

Visit FreeDum Fighters Presale

4. Akash Network (AKT)

Coming in as the third gainer today, Akash Network is causing a stir in the cloud computing world. To start, recent data shows record-breaking GPU utilization at 68% — the highest for any compute network, decentralized or centralized. Plus, Akash saw a staggering 1700% year-over-year growth in user fees, signaling its increasing adoption.

In essence, Akash Network offers a decentralized, open-source marketplace for cloud computing. By harnessing blockchain, it delivers speed, efficiency, and affordability, disrupting traditional cloud providers. Notably, Akash’s native token, AKT, powers transactions, staking, and governance across its ecosystem. This setup not only boosts functionality but also ensures every transaction is verifiable and on-chain.

Akash set a new all-time high with daily fees, and GPU utilization reached 68%, which is the highest for any compute network, decentralized or otherwise.

Akash also experienced 1700%+ YoY growth in user fees in the past quarter. Fundamentals are strong and getting stronger.

We… https://t.co/XqlzBvweEP pic.twitter.com/ElmfFZVbpX

— Greg Osuri (@gregosuri) October 24, 2024

For security, Akash combines Delegated Proof-of-Stake (DPoS) with strong encryption and fully auditable smart contracts. This transparency, along with features like Infrastructure as Code (IaC) and Kubernetes support, makes Akash highly appealing to developers who need scalable, code-driven solutions.

Now, turning to recent price action, Akash’s strong fundamentals drove a 7.46% price surge in the last 24 hours. Additionally, the token is trading significantly above its 200-day SMA, while the Relative Strength Index (RSI) of 57.04 indicates stability.

In the long run, Akash’s community-driven growth and forthcoming roadmap hint at sustained expansion. High liquidity, low 5% volatility, and a remarkable 140% increase over the past year further cement AKT’s appeal, making it a compelling choice for forward-thinking investors in the market.

5. Iotex (IOTX)

The final gainer on today’s list is IoTeX, a project transforming the decentralized physical infrastructure network (DePIN) space. Excitingly, the largest DePIN incentives campaign in history has launched with @okxweb3, offering 100 million IOTX up for grabs! This buzz has fueled IOTX’s impressive 6.73% surge in the last 24 hours, reflecting a rise in market interest.

What truly sets IoTeX apart is its modular infrastructure, which offers a suite of tools for creating decentralized and interoperable DePIN projects. It features in-house DePIN Infrastructure Modules (DIMs) and contributions from third-party partners, enabling developers to innovate quickly and reduce costs.

At the core of this ecosystem is the $IOTX token. It supports the infrastructure while balancing burning and inflationary mechanisms to maintain a stable supply. This strategic tokenomics aims to unlock trillions in on-chain value by onboarding 100 million devices over the next 3-5 years, aligning perfectly with IoTeX’s mission of “DePIN for Everyone.”

100M IOTX. Yours for the taking.

The biggest DePIN incentives campaign in history kicks off NOW with @okxweb3.

It's time to Get F@$%ing Goated. 🐐

Start here: https://t.co/z1ro7u2jyC
Or join at: https://t.co/Ep5PLZyxpT pic.twitter.com/7X68B12572

— IoTeX (@iotex_io) October 29, 2024

Furthermore, at a price of $0.042739, IoTeX is growing with a 0.0581 volume-to-market cap ratio that signals robust liquidity. This indicates there’s plenty of action and interest in this cryptocurrency! Plus, the 14-day RSI sits at 62.63, suggesting a neutral position—perfect for investors watching the market closely.

Looking back at the past 30 days, IoTeX enjoyed 14 green days, showcasing a healthy trading trend that keeps investors optimistic. Even more impressive, its price has soared by 89% over the last year! That’s no small feat. In fact, IoTeX has surpassed 53% of the top 100 crypto assets, proving its worth in a competitive market.

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