Top Crypto Gainer on June 21 – STX, BCH, CFX, FLOW, PEPE, WSM, $LPX and DLANCE

With the current surge in Bitcoin, the crypto market is trading higher today, June 21. Bitcoin has spiked 8% in the last 24 hours to reach the $28,000 mark. Ethereum, on its end, glides comfortably, adding a few digits to the $1,800 figure. 

Following this upward trend, several altcoins are moving progressively in the green. The top gainers today comprise new birds, with Flow, Conflux, Bitcoin Cash, Stacks, and PEPE leading the pack. 

Also, a few coins in their presale stage, notably Wall Street Memes (WSM), Launchpad XYZ ($LPX), and Deelance (DLANCE), are recognized for the gains they’ve accrued to investors despite the market changes. But aside from the BTC dominance effect, other factors could be responsible for the rise in market value. 

Stacks (STX)

Stacks is a scalable layer on the Bitcoin blockchain for smart contracts built for performing fast transactions. Stacks (STX) token boasts security, possessing the hash power of Bitcoin, the Proof of Transfer perk, and a settlement layer for transactions. 

As of the time of writing, STX is trading at $0.7396, showing an upward trend of 17.10% in the last 24hrs. The trading volume stays in the green at 218.11%, which is a good sign of the bull’s power in today’s market. 

From the analysis outlined, it is still early to say how far the market value will rise. However, seeing yesterday’s price at $0.6 and today at $0.7, there are presumptions of a continuous movement. 

A high price index at the end of today will solidify Stack’s (STX) position as the biggest gainer for two days consecutively.   

STX Bulls Still in Control

STX is on a short and long-term bullish trend in the crypto market, considering the technical indicators on Tradingview. The Moving Average Convergence/Divergence (MACD) is above the signal line, representing today’s current green trade for Stacks (STX).

Also, considering the bold green bar on the histogram, STX will likely experience new price gains before the end of the day. Furthermore, its Relative Strength Index (RSI) is at 73.18, representing the coin’s market position in the overbought zone (above 70). 

This shows the increased BUY trades in STX’s market. As such, the coin could become overvalued in the long run. Moreover, STX is trading above its 50-Day and 200-Day Simple Moving Averages (SMA), a short and long-term bullish signal. This means STX’s market price will likely increase in the coming days to weeks.

Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is an electronic peer-to-peer transactional system. The system aims to become a globally recognized payment method that offers lesser fees, high encryption, and ample data space. 

Formerly created as an alternative to Bitcoin, developers of the project moved forward in 2017 to split the BTC code and modify the latter version, BCH. 

As a decentralized network, Bitcoin Cash does not need the involvement of third parties, and due to its larger block size, the transaction rate is faster and less expensive. 

Bitcoin Cash possesses tools like CashShuffle and CashFusion for private payments, operates on the Proof-of-Work (PoW) framework, and uses nodes to validate transactions. Although BTC and BCH are alike, the significant difference is in their ability to meet global-scale demands.        

The current BCH price today is $128.58, showing a positive increase in its growth index. Over the last 24 hours, the price has increased by 20.96%, with its total volume cap high at 463.50%. 

The feel of today’s market for Bitcoin Cash investors is bullish, and the upward trend, according to trading experts, may likely progress further. 

BCH Projects Bullish Amid Price Weakness

BCH has its Moving Average Convergence/Divergence (MACD) indicator above the signal line, confirming the market’s bullish momentum today. As such, BCH could taste new prices before its trade ends.

The Relative Strength Index (RSI) is at 75.40, showing the overbought position of BCH’s market. The upward RSI movement indicates the increasing BUY trades in its market, which could make BCH overvalued in the long run.

On the other hand, BCH trades above its 50-Day and 200-Day Simple Moving Average (SMA), indicating a short and long-term bullish market, irrespective of the price weakness depicted on its inverted SMA indicators.

Conflux (CFX)

Conflux (CFX) is a public layer-1 blockchain designed to enhance decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure by offering improved scalability, decentralization, and security compared to existing protocols.

Conflux simplifies the process by ensuring quick and efficient asset transfers while minimizing network congestion and transaction costs.

Its consensus mechanism, known as Tree-Graph, combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve agreement. 

Additionally, the protocol supports Turing-complete smart contracts written in Solidity, similar to those utilized in Ethereum, and seamlessly integrates with the Ethereum Virtual Machine (EVM). 

Driving the expansion of Conflux’s growth is the platform’s native token, CFX, which motivates users to participate and contribute with immense benefits actively. 

The token is trading at $0.2173, with progressive growth of 21.16% in the last 24 hours. The trading volume cap has also climbed from yesterday’s value of $187 million to around $205 million at the time of writing. 

CFX has achieved the most gain in two weeks since the last surge on June 16. The price value that day saw an upward increase of $0.1884 and climbed to $0.1919 on June 17. The price fell back to $0.1868 the same day and dwindled until June 20, when the green lines grew to $0.1929.

CFX Price Outlook Based on Technical Indicators

CFX’s Moving Average Convergence/Divergence (MACD) is above the signal line, suggesting potential price gains for the crypto before the day ends.

Also, its Relative Strength Index (RSI) at 56.18 indicates the neutral market position of CFX as it sits between 30 (oversold) and 70 (overbought). 

The upward movement of the RSI shows an increasing number of buyers in the crypto market. As such, CFX could become overvalued if it enters the overbought zone (above 70). CFX is trading below its 50-Day Simple Moving Average (SMA), indicating a short period of potential price loss. 

However, it’s still above its 200-Day SMA, which means¸ CFX has a long period in the bullish market, suggesting potential price gains in the coming weeks.

Flow (FLOW)

Flow is easily regarded as a developer-friendly, decentralized platform where new games, applications, and assets can thrive. As a unique layer one blockchain, Flow allows user input in the protocol layers to deliver an incredible experience. 

FLOW is the native token of the project, and its usefulness can be found in network fee payments, smart contract transactions, trades, and investments.

It operates on the Proof-of-Stake (PoS) consensus mechanism, so valid token holders can use it to contribute to the network. This consensus has attracted several top brands, particularly in the entertainment sector, fueling the rich ecosystem of the project. 

Flow’s uniqueness is dependent on pretty reliable factors. There’s the programming language, Cadence, a free-flowing safe language where all contracts are written.

 The developer ergonomics is promising, and the multi-role architectural framework enables the network to handle transactions smoothly without risking decentralization or high throughput. These factors could, in a way, be responsible for the noticeable currency gains in the past week. 

FLOW is currently trading at $0.5389, an 18.61% increase in its price in the last 24 hours. Also, its trading volume is up by over 512%, signaling a bullish trend for the currency in today’s market. 

Before yesterday when the bull run started yesterday, FLOW market prices fluctuated. FLOW was priced at $0.7 in May and stayed constant. Later that month, the bears declined the market value to $0.4917 and stretched till June 10.  

It was only yesterday that the green lines finally re-emerged. Today’s price of $0.55 at noon time remains the highest price value FLOW has recorded in two weeks.  

FLOW on Bullish Trend Amid Price Weakness

The Moving Average Convergence/Divergence (MACD) indicator is above the signal with a green bar on the histogram. 

This represents the current bullish momentum of FLOW in the short term. Before the day end, FLOW will see more price rallies amid potential fluctuations.

FLOW is trading below its 50-Day and 200-Day Simple Moving Average (SMA), indicating a short and long-term bearish market for the crypto. 

Also, considering the price weakness indicated on its inverted SMA indicators, FLOW is likely to stagnate within its current price of $0.560 for a longer period.

Nevertheless, the Relative Strength Index (RSI) indicator for FLOW is at 45.41, representing a neutral market between the oversold (below 30) and overbought (above 70). Its upward movement tips at FLOW entering the overbought zone (above 70) if more BUY trades occur. 

PEPE (PEPE)

PEPE is a meme coin introduced on the Ethereum platform. The main inspiration behind this crypto asset is the famous internet meme called Pepe the Frog, originally made by Matt Furie, popular in the early 2000s.

Between late April and May 2023, PEPE experienced a remarkable and rapid increase in value, resulting in its market cap peak of $1.6 billion at a certain point. This surge created a wave of newfound wealth for early investors and drew the attention of many to the project. 

The goal of the PEPE project is to take advantage of the current trend of meme coins, such as Shiba Inu and Dogecoin, and position itself as a leading crypto asset based on memes. 

As a perk, PEPE implements a redistribution mechanism to incentivize long-term stakers, providing them with encouraging rewards. This strategy promotes the coin’s stability by offering benefits to users who hold onto the token rather than sell it off. 

The future trajectory of PEPE and similar meme coins is uncertain, and whether they will continue to reach new heights is yet to be determined. However, many individuals who hold these coins with anticipation are hopeful that they will see a further increase in value.

PEPE’s current market value is at $0.000001064, with an increase of 13.97% within 24 hours. Also, the volume cap is experiencing an upward trend of over 160%, with more than $215 million tokens in distribution. PEPE’s price value is climbing progressively, and the past 24 hours have recorded the highest gains since June 6. 

PEPE on the Short and Long-Term Bullish Trends

PEPE is making a red candlestick on the chart today, yet several indicators project bullish signals for it in the short and long term. PEPE’s Moving Average Convergence/Divergence (MACD) is above the signal line with a faded green bar on the histogram. 

This represents a short-term bullish momentum and potential fluctuations for the price of PEPE before the day ends. Also, its Relative Strength Index (RSI) is 75.38, an overbought market position (above 70), suggesting a potential value increase for PEPE. However, its downward movement tips at a trend reversal that could occur in the SELL trades surpass buyers in PEPE’s market.

Nevertheless, PEPE is trading above its 50-Day and 200-Day Simple Moving Average (SMA), representing a bullish short- and long-term market. As such, the crypto will likely face dramatic price fluctuations amid its surge in the near future.

Wall Street Memes (WSM)

Wall Street Memes (WSM) is a memecoin project that celebrates the triumph of ordinary people over a capitalist society.

 It embraces the idea that regular individuals can accumulate wealth by investing in seemingly worthless meme coins, which surprisingly have rewarded investors handsomely in 2023.

The crypto asset community is currently showing a growing interest in memecoin projects, leading to the creation of the $WSM token. This token embodies a community-oriented approach, allowing users to earn rewards while engaging in meme trading.

WSM draws inspiration from the iconic phrase “greed is good,” coined by Gordon Gekko in the 80s, and investors have high hopes that holding WSM tokens will eventually yield significant returns on investment.

Amidst market uncertainty, investors are diversifying their investments to avoid missing out on potential price surges. Hence, there’s room for promising projects like WSM to gain attention.

Each $WSM token is currently valued at $0.00298, and the presale stage has already raised over $9 million out of a possible $10 million.  This substantial amount confirms the increasing interest in the token and a strong belief in its potential for success. 

While waiting for the claim period, the Wall Street Memes Airdrop is active on the token’s official website. This airdrop aims to give back to the community by rewarding participants who complete specific tasks.

Wall Street Memes plans to distribute $50,000 worth of $WSM tokens to five lucky winners, each receiving $10,000 worth of $WSM tokens.

To qualify for the airdrop, participants must follow WSM’s social media accounts, purchase $WSM tokens, provide proof of purchase, and complete other specified tasks.

Launchpad XYZ ($LPX)

Launchpad XYZ is a modern and unique Web-3 platform that benefits traders and investors. It offers comprehensive training and extensive resources to help them maximize profits and make informed trading decisions.

Traders on Launchpad gain access to valuable market insights, news events, and other relevant information related to trading and investments. 

This empowers them to make well-informed decisions, minimize potential losses, and increase profitability. The platform features a live market feed that displays real-time information on various crypto assets.

Its modern trading terminal enables users to navigate the volatile price fluctuations of the crypto market easily. Launchpad goes beyond trading by allowing users to learn and understand the Web3 ecosystem through its forecasts and insights. 

It identifies projects with significant potential, giving investors a competitive edge. Additionally, Launchpad users can earn rewards by creating and marketing products on the platform’s network.

The presale for LPX, the utility token of Launchpad, is currently in progress. The presale has clocked over $1 million out of a possible $1.5 million, with more investors seizing the early advantage.

As of now, one LPX token is valued at $0.0445. However, the price will increase to $0.046 in the next presale stage. Once LPX is officially listed on the market, its trading price will be $0.0565.

Early investors in LPX can expect a guaranteed return on investment of 26.96% when the token is listed on exchanges. LPX supports direct card purchases or swapping with crypto assets such as ETH, BNB, or USDT.

Deelance (DLANCE)

DeeLance is a web3-incorporated platform that aims to create a co-habitational ground for freelancers and employers. The project is designed to provide a developed, decentralized work environment with seamless data processing and lesser charges. 

The ecosystem pictures the development of three arms of productivity which includes the freelance recruitment platform, the NFT marketplace where crypto assets can be exchanged, and the Metaverse. 

A major perk of the Deelance project would be to emphasize transparency through the use of smart contracts and also solidify ownership rights on works done by freelancers. 

There are promises of fast and secure payments, birthing the creation of the native token, $DLANCE. The token has been on presale, and as reported on May 23, 2023, $1 million was raised a few days after its presale launch. 

On June 8, 2023, Deeelance made another announcement that sales had reached the $1.3 million milestone. The selling price of the token is at $0.038, generating over $1,381,049.932 over a possible benchmark figure of   $1.7 million. 

The next presale price will begin at $0.043, so investors should probably be seeking how to tap into this early advantage. $DLANCE listing price is $0.057, giving all current token holders something to look forward to. 

The project is in the Q2 of their 2023 roadmap, and in a few months, listing on CoinmarketCap, CoinGecko, and other decentralized exchanges will begin.

In Q4, the developer’s team targets to release a freelance beta version, launch the NFT marketplace, and seek blockchain partnerships.