Top Crypto Gainers 3 July – CELO, COMP, GRT, FIL, FLOW, MKR, And PEPE

The crypto market constantly evolves in real-time as several crypto projects launch new developments within their ecosystem.

However, the top gainers have the best performance today, July 3, 2023, based on vital statistics such as price action and trading volume, which reflects investors’ interest.

Earlier in 2023, the meme coins led the rally in the crypto market. However, the list of top gainers is randomly distributed between altcoins, meme coins, and promising presales. 

Celo (CELO)

Celo is an EVM-compatible Layer-1 (L1) blockchain that supports the CELO governance asset and other ERD-20 stable assets to process transaction fee payments.

Also, it provides its users access to Regenerative Finance (ReFi), supporting global financial expansion, climate-friendly technology, and community-based commerce.

Celo is one of the pioneer Carbon-negative blockchains. It uses the Proof-of-Stake (PoS) consensus mechanism that is less energy intensive and eco-friendly. Celo supports the Mento Reserve backed by the Mento Protocol, which grants access to various stable asset holders on the blockchain.

The blockchain is mobile-user friendly, using a syncing mechanism known as Plumo that enables Celo mobile users to connect easily to the Celo blockchain. CELO is the utility crypto token on the platform; its price action shows a gradual increase to its current level.

It moved from $0.39 on June 19 to $0.42 on June 20. Also, it increased to $0.48 on June 24, briefly touching $0.50 on June 25. However, the bears returned, forcing a decline to $0.46 on June 26. However, the bulls seized control on July 1, moving it to $0.48. 

Currently, CELO trades at the $0.65 price level, an increase of over 21.67% on its price at press time. Also, its trading volume is up by 90.7% in the last 24 hours showing massive interest from traders in the crypto token today.

CELO Bulls Recapture Higher Price Levels

CELO is in an uptrend today, continuing with its positive price form from last month. It has formed a fourth consecutive green candle on the daily chart with higher highs.

The coin is trading above its 50-day and 200-day Simple Moving Averages (SMA), with a bullish sentiment in the short and long term.

Also, its Relative Strength Index (RSI) is 75.14 in the overbought region above 70, which implies that many traders are in long positions today.

CELO’s Moving Average Convergence/Divergence (MACD) is above its signal line, and its positive value confirms the bullish sentiment. Also, its Histogram bars are green, implying that the trend is at its peak and will likely continue in the short term.

Compound (COMP)

Compound is a Decentralized Finance (DeFi) lending protocol that yields interest in crypto assets. Users can deposit their crypto assets in lending pools to earn interest to provide liquidity to borrowers.

The Compound pool depositors hold Tokens as representative tokens for their stakes. These tokens can unlock staked tokens from the liquidity pools if the users decide to recall the tokens.

This facility gives borrowers access to secure loans from the pools based on the value of their collateral deposits. Also, Compound boast of deep liquidity with $800 million in its Total Locked Value (TVL), solid proof of its reserves. 

It aims for financial security by granting users loans from these pools through an easy and secure process. Compound operates a DAO model using COMP as its governance token. COMP Holders can propose changes within the ecosystem and place votes to support their decisions. 

The protocol also uses an intelligent system to protect its collateral from loss, constantly servicing and maintaining its liquidity levels. Compound is still a reliable liquidity provider despite the current uncertainty in the crypto market. 

COMP traded at $40.34 on June 28, moving to 49.95 on June 29. The closing stages of June ushered in the current bull run experienced by the token. 

It increased to $55.85 on June 30 and retraced briefly to $ 52.46 on July 1, 2023. However, it spiked to $68.75 on July 2 and is currently trading at $63.88 today.

It has had a price increase of over 2% on its price in the last 24 hours, with an increase of 21.52% in its trading volume in the same period.

Compounds Recoil into Retracement Zone

COMP is in a volatile phase today as the bears return to the market attempting to force a retracement from yesterday’s high.

However, despite forming a red candle on the price chart today, it still trades in the upper region of the Donchain Channel (DC), a bullish sentiment for the token.

Also, its RSI is at 73.87 in the overbought region above 70. However, the RSI points downwards, hinting at a possible retracement into the price channel. 

Its MACD is still above the signal line expressing a bullish sentiment. The histogram bars are green, also reflecting the prevalent bullish trends. COMP will likely experience a retracement in the short term before it continues its rally in the long term.

The Graph (GRT)

The Graph is an indexing protocol used for querying data. It serves popular networks like Ethereum, providing solutions for DeFi and the growing Web3 community.

Also, The Graph is an open-source network implying anyone can build and publish on the protocol. Also, users can open APIs referred to as subgraphs.

More than 3000 subgraphs are active on the protocol for DApps such as gnosis Uniswap. GRT is the utility token that powers activities within the ecosystem. GRT maintained the $0.10 price level from June 26, increasing to $0.11 on July 2. 

It is currently at the $0.13 price level, with an increase of over 12% in its price in 24 hours and an increase of over 108% in its trading volume in the same timeframe.

Graph Holding unto Its Gains

GRT is in an uptrend today, forming higher highs on the daily chart. Today’s green candle is above the upper band of the Bollinger Band (BB), implying a strong bullish sentiment for the asset.

Also, its RSI value is 70.77 in the overbought zone, implying that the buyers have the upper hand in the market today. The Stochastic Oscillator is at 92.72 in the overbought region above 80. It also confirms the prevalent bullish trend today.

GRT will likely continue to gain till it reaches a period of consolidation in the long term.

Filecoin (FIL)

Filecoin is a decentralized storage system aiming to store and safeguard humanity’s most important information. It is a peer-to-peer storage network where users pay for data storage and distribution using $FIL for the transactions.

It is an open protocol system backed by a blockchain that records commitments made by network participants. The blockchain combines Proof-of-Replication and Proof-of-Spacetime as its consensus mechanism.

Filecoin is decentralized, thereby granting governance to its community. Also, developers can form cloud storage services such as Dropbox or iCloud.

On this network, clients transact using FIL tokens, and miners place FIL as collateral to guarantee their services. According to its developers, Filecoin solves the problem of inefficient file storage and retrieval in a decentralized way.

It protects the integrity of a file’s location, allowing users to become data custodians. It has over 20,000 users and computers worldwide, creating a global community.

Fil traded at $3.95 on June 30 before moving to $4.09 on July 1. It is trading at the $4.79 price level, an increase of 17.09% in 24 hours.  Its trading volume has spiked by 430% in the last 24 hours showing massive investor interest in the token today.

Filecoin Bullish It Approaches 200-Day SMA

FIL is bullish as it continues with a large green candle on the daily chart. It is trading above its 50-day SMA, with a bullish sentiment in the short term.

Also, its upper wick is currently breaking above the 200-day SMA. Closing above this indicator will translate to a long-term bullish sentiment for the token.

Notably, its RSI value is 68.25, rising as it approaches the overbought region of 70. It represents a bullish signal for the asset and further price increases ahead.

Also, its MACD is above the signal line and shows a positive value confirming the bullish trend. Its Histogram bars are green, also a bullish indicator for the price. If the bulls prevail, FIL will continue its rally in the coming days.

Flow (FLOW)

Flow is a fast and decentralized blockchain that is developer-friendly and a hub of game and app development activities. It is an L1 blockchain designed for mainstream adoption and builds its improvements on the protocol layer.

The crypto network uses a Proof-of-Stake (PoS) consensus mechanism, and validators participate in the network by staking their flow tokens.

Also, Flow’s designs allow scalability on the network to serve billions of users with ease. Flow closed the month of June, trading at $0.54 on June 30. 

However, it moved to $0.7 on July 1. It is currently trading at $0.74, with a 3.34% increase in its price in the last 24 hours. However, its trading volume is down by over 36% today. 

Flow Continues Its Positive Run In July 

FLOW is an uptrend today, forming a higher high on the daily chart. It is currently above its 50-day SMA, a short-term bullish sentiment. 

Its RSI is overbought at 70.42, confirming the bullish sentiment. Notably, its MACD is above its signal line, and its positive value confirms the bullish sentiment. Also, the Histogram bars are green, depicting a positive price outlook.

However, the long-term outlook is bearish as it trades below its 200-day SMA. It will likely recoil into a downtrend in the long term but will retain its gains in the coming days.

Maker (MKR)

Maker (MKR) is a crypto asset that powers the MakerDAO platform, which operates as a decentralized autonomous organization on the Ethereum blockchain. MKR is designed to provide stability and governance to the MakerDAO ecosystem.

The primary function of MKR is to support the stability of the DAI stablecoin, which is also created and managed by MakerDAO. 

MKR holders participate in the platform’s governance and make important decisions regarding the parameters and policies that govern the creation and management of DAI.

Maker (MRK) is showing an increase in its price today compared to its record yesterday. At the time of writing, the coin is trading at $990, with a 17.80% increase. Notwithstanding, its price outlook could hint at what to expect in the nearest future.

Maker Uphold Green Candle Pattern in the Overbought Zone

MKR has formed green candlesticks in the past 5 consecutive days, suggesting a revived bullish trend in the coin’s market.

Its Moving Average Convergence/Divergence (MACD) is above its signal line with a green bar on the histogram, confirming the current MKR’s bullish sentiment and the possibility of the coin reaching $1000 before the day ends.

Furthermore, PEPE is trading above its 50-Day and 200-Day Simple Moving Averages (SMA), a short and long-term bullish sentiment. As such, the coin is set to reach more milestones in the coming days to weeks.

Also, the Relative Strength Index (RSI) is in the overbought market position at 82.986 (above 70) with an upward movement. 

Thus, MKR is prone to become overvalued in the market in the coming days, thanks to this strong bullish sentiment.

Pepe (PEPE)

PEPE (PEPE) is a crypto asset created as a tribute to the popular internet meme character Pepe the Frog. It is designed as a decentralized digital asset that combines humor and digital collectibles.

PEPE operates on the blockchain, providing a transparent and secure platform for users to trade and collect Pepe-themed digital assets.  These assets, known as Pepe cards, represent different variations of the Pepe character, each with its unique traits and characteristics.

PEPE has its native token, PEPE, used for trading and acquiring Pepe cards within the platform. It can also be traded on supported exchanges for liquidity. Today, the price is up by 15.04% at the time of writing, with the coin’s price at $0.000001803.

PEPE Project Strong Bullish Momentum Despite No 200-Day SMA

PEPE is on a green trend today, making a higher candlestick on the chart above its 50-day Simple Moving Average (SMA), a short-term bullish sentiment.

It’s Moving Average Convergence/Divergence (MACD) is above its signal line with its positive value and green histogram bar confirming the bullish sentiment of the coin before the day ends.

The coin’s Relative Strength Index (RSI) is at 64.92 (neutral) and pointing upward, representing the market’s movement toward the overbought zone (above 70), which confirms PEPE’s bullish sentiment. As such, PEPE could touch new prices in the long run.

Ecoterra (ECOTERRA)

The native token, ECOTERRA, powers the revolutionary green crypto project; Ecoterra has been gaining traction in the crypto space since its presale commenced.

The presale is in its last stage, selling for $0.01, the token’s listing price. Thus, ECOTERRA will hit several exchanges at $0.01 after the presale.

Meanwhile, it has raised over $5.7 million in its fundraising campaign and is gradually approaching its $6.7 million benchmark, which it could hit before the presale wraps up.

Besides being the medium of exchange within the Ecoterra platform, ECOTERRA can support eco-friendly projects, trade on exchanges, and access the platform’s features and services. Ecoterra leverages the power of blockchain to create a transparent and traceable ecosystem for sustainable projects. 

The platform encourages individuals and organizations to contribute to environmental causes by participating in carbon offsetting, renewable energy generation, and waste reduction.

One of the exceptional features of ECOTERRA is the Proof-of-Stake (PoS) consensus mechanism, which allows users to earn ECOTERRA tokens by staking their existing holdings. This incentivizes token holders to participate in the network and support sustainable initiatives actively.

ECOTERRA also implements a governance model that allows token holders to participate in decision-making processes regarding the platform’s development and allocation of resources. This ensures a democratic and decentralized approach to managing the ecosystem.

Launchpad XYZ (LPX)

Launchpad’s LPX has surged dramatically in its ongoing presale. So far, it has raised over $1 million in funds, indicating investors’ growing interest in the project. 

Currently, the $LPX token is priced at $0.0445, but in the next few days, it will increase to $0.046, and at the end of the presale, the token will list for $0.0565.

Launchpad XYZ (LPX) is a revolutionary crypto project operating as a decentralized web3 platform, facilitating blockchain-based projects’ fundraising and token launch process. 

Launchpad XYZ aims to provide a secure and efficient platform for projects to raise funds from the community while also offering investors opportunities to participate in promising early-stage projects.

The project leverages the power of blockchain technology and smart contracts to automate and streamline the token launch process while providing a comprehensive suite of tools and features that enable projects to create, manage, and distribute their tokens to investors transparently and securely.

One of the key features of Launchpad XYZ is its token sale mechanism. Projects can conduct Initial Coin Offerings (ICOs) or Initial DEX Offerings (IDOs) on the LPX platform, allowing them to sell their tokens directly to interested investors. 

LPX incorporates smart contracts to enforce the token sale terms, ensuring transparency and reducing the potential for fraud. LPX also incorporates a vetting process to evaluate the credibility and potential of projects before they are listed on the platform. 

This helps investors make informed decisions about participating in token sales and reduces the risks associated with investing in early-stage projects.

Deelance (DLANCE)

Deelance (DLANCE) is a crypto asset that aims to revolutionize the freelancing industry by leveraging the power of blockchain technology and smart contracts. 

It is designed to provide a decentralized and transparent platform for freelancers and clients to engage in secure and efficient transactions. The project’s utility token, DLANCE, operates on the Ethereum blockchain, which ensures immutability, security, and transparency. 

The platform utilizes smart contracts to automate and enforce the terms of agreements between freelancers and clients, eliminating the need for intermediaries and reducing the potential for disputes.

Deelance’s escrow system is one of its outstanding features. When a client hires a freelancer, they deposit the required funds into a smart escrow contract. 

The funds are held securely until the freelancer completes the project and meets the agreed-upon criteria. Once the client approves the work, the funds are released to the freelancer, ensuring fair and timely payment.

DLANCE also introduces a reputation system to foster trust within the community. Freelancers and clients can rate and review each other based on their experiences, building a transparent record of their reliability and professionalism. 

This reputation system helps both parties make informed decisions when selecting collaborators, enhancing the overall quality of the freelancing ecosystem.

Besides DLANCE’s operation on the Ethereum blockchain, the native token serves as the primary medium of exchange within the platform. 

Users can utilize DLANCE tokens to pay for services, access premium features, and participate in the platform’s governance through voting.

Deelance’s token presale, $DLANCE, boasts $1.4 million in funds raised since the presale began. It’s selling for $0.043 USDT and is set to increase to $0.048 in the next 12 days, as indicated on the presale widget. 

The $DLANCE listing price is $0.057. Thus, it will hit several exchanges with this price after the presale. Interested investors can grab as many tokens as they can before the price increase to participate in the potential price gains after its listing on exchanges.