Top Crypto Gainers December 4

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Despite the crypto market going through a bad phase, these 7 tokens have stood out as the top gainers. Read on to find out which tokens make a list.

Due to continuous losses since late last year, most retail players in the crypto market are still going through a bad phase. As it is, most market participants make costly impulsive trades without fully understanding the dynamics at play.

The following are the top gainers:

CELO

CELO is a cryptocurrency that aims to promote the widespread usage of cryptocurrencies among mobile phone users. CELO’s goal is to have billions of phone users throughout the world, especially those without access to banking, trading in bitcoin by using the contact information as public keys.

The network also enables the implementation of smart contracts and decentralized apps (DApps) as part of decentralized finance (DeFi). In April 2020, it began operating on its mainnet.

After breaking out over the $0.60 barrier, the outlook for CELO’s price is optimistic. Because of this positive fundamental and technical outlook, CELO has surged about 20% in the previous week, to $0.66. Following a week of wild fluctuations, the main currencies finally showed signs of recovery this week after the tragedy of FTX’s bankruptcy filing.

NEXO

Nexo is an immediate cryptocurrency loan marketplace that operates on the blockchain. Users can get loans in the form of fiat cash or stablecoins in exchange for depositing a token that is accepted by the lending platform.

NEXO is Nexo’s native token which provides users with incentives such as reductions on accrued interest on loans and the possibility to earn interest payments on amounts deposited. Token holders also earn dividends from NEXO’s profitability.

At present, one NEXO can be purchased for $0.68, and the 24-hour trading volume is $7,167,183. Live Nexo market cap is at $376,794,023, up nearly 10% from the previous week.

IMPT

With $14 million raised in its presale, IMPT is a new cryptocurrency initiative that aims to address climate change, one of the most pressing problems of the 21st century.

The token’s initial exchange offering is scheduled for December 14, 2022, after a successful presale; investors have less than a week to acquire at presale pricing before the token’s value inevitably rises after listing.

As a result of this extension, the presale will conclude on December 11, 2022, and IMPT tokens will be published on Uniswap, the most popular decentralized exchange, on December 14, 2022, following a 48-hour claim window. LBank and Changelly Pro have also confirmed listings for IMPT, but the schedules are yet to be declared.

Now is the last week to spend $100 to get 4,346 IMPT tokens at the present price of $0.023, since analysts forecast a massive price increase at the IEO. The allotment for Phase 3 will be frozen for 12 months and any unsold tokens from Phase 2 will be burnt. With a real-world problem it’s helping to tackle and major collaborations in place, IMPT has all the makings of one of the finest crypto presales of the year.

D2T

The cryptocurrency trading industry is about to be rocked by a new analytics and social trading platform called Dash 2 Trade. These tools include a token listing alert system, a strategy back-testing tool, and a pre-sale token rating system, among others.

The D2T token is the fuel for the Dash 2 Trade ecosystem, hence users will need to acquire and retain this token to use the service. Dash 2 Trade is now holding a pre-sale of tokens at extremely low prices. Over $8 million has been raised through token sales so far, and the token pre-sale price will increase to $0.0533 when the sale enters its fourth phase.

DOGE

During the past week, DOGE, the native token of the Dogecoin network, twice attempted to spike beyond $0.11. The cryptocurrency’s value rose along with that of other cryptocurrencies and traditional risk assets like U.S. equities. In spite of a minor setback owing to market volatility, the Dogecoin price forecasts have remained optimistic since last week.

Dogecoin’s technicals on CoinMarketCap are still looking bullish, with DOGE/USD currently in an upswing ever since cryptocurrency’s double bottom in the $0.07s recorded earlier this month. The price of Dogecoin has increased by around 30% compared to where it was trading a week ago. If prices were to get to where they were in early December — around $0.16 — it would be a 50% increase from where they are now.

TWT

The TWT token has increased by 10% in the past week. TWT has found good support around its 21-Day Moving Average, leading many specialists to forecast that the stock price will soon return to its all-time highs near $2.70, which were recorded in the middle of last month. Since FTX’s crash in early November, TWT has been trading bullishly; rising by around 148% from its early November lows of around $1.0.

Unlike exchange wallets, self-custody wallets such as Trust Wallet solely provide the wallet’s owner control over what happens to their cryptocurrency. It’s hardly unexpected that Trust Wallet Token has risen in value given the massive crypto withdrawals suffered by exchanges after FTX’s bankruptcy.

When examining the TWT price chart on CoinMarketCap, an optimistic picture of the cryptocurrency’s underlying technicals emerges. A triangle pattern that had been in place since mid-November was recently broken by the cryptocurrency. After such a breakthrough, prices tend to head back to the $2.74 high point of that pattern. All of TWT’s moving averages are headed significantly upward and the bullish trend may easily continue for some time.

IMX

For NFTs on Ethereum, ImmutableX claims to be the first layer-2 scaling solution. ImmutableX claims that its blockchain eliminates problems with scalability, usability, liquidity, and development speed that are inherent in Ethereum.

As an alternative, users get access to fast trading, vast scalability, and no transaction fees for minting and investing NFTs without sacrificing user or asset security. STARK zk-rollups, a mechanism that Vitalik Buterin says Ethereum is “all-in on,” are used to create ImmutableX so that this may be accomplished.

As a result of this innovation, token standards such as ERC-20 and ERC-721 will be able to be used on a global scale in the creation and distribution of assets.

As of right now, one unit of ImmutableX costs $0.481772, and one day’s worth of trading volume is $17,153,530. ImmutableX is increased by about 20% within the previous 7 days with a live market cap of $350,777,285.

TAMA

Pre-launching and then entering the market in October 2022 went perfectly for Tamadoge (TAMA). Initial investors in Tamadoge made a whopping 8700% on their original investment, but current prices are just a little higher than their inflated highs. Despite the current market turmoil, Tamadoge (TAMA) still has a lot of appeal.

The investment community is quite enthusiastic about meme currencies and player-to-player video games. Tamadoge (TAMA) is ideally positioned to alter market dynamics, thanks to its dual nature and rapid ascent (provided, of course, that the meme coin/P2E equation obtains full traction).

Tamadoge’s current market price is $0.016, up over 10% from just a few days ago.

Conclusion

Capitalists are always on the lookout for the next promising cryptocurrency venture. Thus, these cryptocurrencies are winners, but IMPT is the ideal one to focus on. Without a doubt, IMPT is a fantastic green utility token that will completely alter how carbon emissions are handled on the blockchain. And the ongoing success of the presale is an encouraging indicator of future success and value.

This utility token, which can be purchased for as little as $0.023 right now, has a sky-high potential for astronomical returns.

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