Top Crypto gainers on 21st June - LINK, COMP, THETA, And SNX

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Nearly 15% of crypto assets are experiencing positive movements in market capitalization, utility, and trading volume in the last 24 hours.

Today, over 50 cryptocurrencies, ranging from altcoins to meme coins and new projects, have surged dramatically, with many recording over 50% gains over the last 24 hours.

Since the past and present price actions and technical analysis can help hint at the potential movements of crypto, let’s check out some of the top crypto gainers of July 21, 2023.

Chainlink (LINK)

Meanwhile, Chainlink (LINK) is a cryptocurrency and decentralized oracle network that aims to bridge the gap between smart contracts on the blockchain and real-world data, events, and systems.

Chainlink’s primary purpose is to enable smart contracts to access external data securely and reliably. It acts as a decentralized oracle network with reliance on multiple nodes (oracles) to provide data, reducing the risk of manipulation or single points of failure.

Using a decentralized network of oracles, Chainlink aims to facilitate data accuracy, tamper resistance, and robustness against single points of failure.

Chainlink’s design focuses on data integrity and reliability, as smart contracts often deal with critical functions like financial transactions and real-world events.

It connects smart contracts with external data sources such as APIs, web services, payment systems, IoT devices, and traditional databases.

Chainlink can facilitate off-chain computation, where complex calculations are performed outside the blockchain, and results are fed back to smart contracts, enhancing scalability and reducing costs.

The LINK token incentivizes and rewards nodes for providing accurate data and services. Nodes stake LINK tokens as collateral, and poor performance or malicious behavior can result in losing part of their stake.

Chainlink’s token, LINK, is making waves in the cryptocurrency market, with its price up by 19.22% in the last 24 hours as of 8:23 am EST. LINK’s market value has reached $8.15 today, and its 24-hours trading volume is also up by 306%, nearing the $1.1 billion milestone.

Considering the vast utility, solutions, and capabilities of the Chainlink Network, many crypto experts expect its native token to spike in the future.

LINK is Building a Red Candle Amid Bullish Momentum

The chart above shows the tendency of a stable market in a bearish trend today for LINK. The asset is trading above its 50-Day and 200-Day Simple Moving Average (SMA), representing a bullish sentiment in the short and long term.

Also, LINK’s Moving Average Convergence Divergence (MACD) is above the signal line, followed by bold green histogram bars. This depicts a strong bullish momentum of the asset.

According to the chart above, red candlesticks form beside a long green candle, indicating increasing selling pressure and possibilities of bearish market stability for LINK in the long run.

Also, the Relative Strength Index (RSI) is at 70.28, pointing toward the neutral zone between the oversold (below 30) and overbought (above 70). This confirms why the red candle is forming on the chart today.

Compound (COMP)

Compound (COMP) is a cryptocurrency that powers the Compound protocol, a decentralized lending and borrowing platform built on the Ethereum blockchain.

It enables users to earn interest on their cryptocurrencies and borrow assets without the need for traditional banks or intermediaries. The protocol focuses on token holders that want to put their assets to work instead of just holding them in their wallets.

With Compound, these holders can deposit their cryptocurrencies into the protocol and earn interest on them. In return for supplying the assets to the platform, the holders receive tokens representing their share of the pool’s assets and the interest it generates.

The interest is not paid out to the holders in regular cash; instead, it’s added directly to their cToken balance, effectively compounding their earnings over time.

Interestingly, users or holders can use their deposited cryptocurrencies as collateral to borrow other assets. For instance, if you need more Ethereum but don’t want to sell your existing assets, you can borrow Ethereum against your deposited assets. The amount you can borrow is determined by the value of your collateral and the platform’s rules.

The interest rates on Compound are not fixed; they change based on the supply and demand for each cryptocurrency. If more people deposit a particular asset, the interest rate for supplying that asset may go down. Conversely, if more people want to borrow a specific asset, the interest rate for borrowing that asset may go up.

Either way, Compound provides a unique way for people to earn passive income on their cryptocurrencies and access liquidity through borrowing, all without the involvement of traditional banks or financial institutions.

Compound (COMP) is up by 1.91% over the past 24 hours as of 10:17 am EST. With its market price at $72.47, the asset’s trading volume in the last 24 hours is up by 20.77% at $125 million.

COMP is Upholding a Sideways Trend

COMP is on a sideways market trend, with the bears in control today. It trades above its 50-Day and 200-Day Simple Moving Average (SMA). This means the coin is prone to a short and long-term bullish trend.

The Moving Average Convergence Divergence (MACD) indicator is below the signal line and has small bold red histogram bars. This represents the strengthened bearish momentum in the price of the coin.

Nevertheless, COMP’s Relative Strength Index (RSI) is 62.41, moving in the neutral region. The asset could regain its bullish stance if it moves up to the overbought zone (above 70). However, if not, it could remain bearish for a longer period.

Evil Pepe (EVILPEPE)

Evil Pepe (EVILPEPE) has emerged as a notable cryptocurrency in the crypto market, drawing considerable attention.

The coin takes inspiration from the renowned Pepe the Frog meme, originally a popular internet image associated with the alt-right movement.

EVILPEPE deliberately embraces the controversial and provocative essence of the meme, incorporating its edgy elements into the crypto’s identity. The new meme crypto sets its sights on surpassing $PEPE to claim a leading position in the meme crypto industry.

Powered by the Binance Smart Chain (BSC), EVILPEPE leverages a decentralized network to enable seamless and secure transactions within its ecosystem.

Just like other meme coin counterparts, EVILPEPE’s objective is to establish a community-driven ecosystem that allows token holders to reap rewards from their investments.

The tokenomics of EVILPEPE incorporate a redistribution mechanism, granting holders extra tokens for merely holding EVILPEPE in their wallets.

This incentive motivates investors to retain their tokens, thereby bolstering the coin’s stability and fostering its growth. Like other meme coins, EVILPEPE strives to establish a community-driven ecosystem, offering benefits to token holders.

The tokenomics of EVILPEPE involve a redistribution mechanism that grants additional tokens to holders for merely keeping EVILPEPE in their wallets. This incentivizes investors to retain their tokens, contributing to the coin’s stability and growth.

The future success of EVILPEPE hinges on several critical factors. The development team’s commitment and capability to execute their roadmap are paramount.

Furthermore, active community engagement and effective marketing efforts are crucial for raising awareness and attracting new investors.

Evil Pepe Features

Here are some attributes of Evil Pepe (EVILPEPE) that sets it apart from other meme tokens:

Inspiration from Pepe the Frog Meme

Evil Pepe draws inspiration from the popular internet meme “Pepe the Frog,” known for its association with the alt-right movement.

Crypto deliberately embraces the controversial and provocative essence of the meme, incorporating its edgy elements into its identity.

Binance Smart Chain (BSC) Integration

The Evil Pepe project operates on the Binance Smart Chain, which enables faster and cheaper transactions compared to the Ethereum network. The BSC integration ensures seamless and secure transactions within the Evil Pepe ecosystem.

Community-Driven Ecosystem

Evil Pepe aims to create a community-driven ecosystem where token holders can actively participate and benefit from their investments.

The project focuses on engaging its community and fostering a sense of ownership among its token holders.

Redistribution Mechanism

The tokenomics of Evil Pepe include a redistribution mechanism. Holders are rewarded with additional tokens for merely holding EVILPEPE in their wallets.

This incentive encourages investors to retain their tokens, contributing to the coin’s stability and growth.

Ambitious Goals

Evil Pepe sets its sights on becoming a leading player in the meme crypto industry, aiming to surpass other meme coins like $PEPE. The project has ambitious plans for its development and growth within the crypto market.

$EVILPEPE Presale

The project’s presale just commenced, and Evil Pepe is already boasting over $190K in funds raised in the short term. It is offering a ground-floor opportunity for lovers of meme coin to ape in at a discount value of $0.00033.

90% of the total 6,660,00,000 $EVILPEPE supply will be sold out in the presale, and the remaining 10% will be under Liquidity Lock for 1 month.

How to Buy Evil Pepe

Credit your Trust Wallet or MetaMask wallet with USDT and ETH
Navigate to Evil Pepe’s presale widget and connect your wallet
Swap your USDT for $EVILPEPE and use ETH to pay for gas fees
Revisit the presale widget after the presale and claim your Evil Pepe tokens

Theta Network (THETA)

The crypto powering the Theta Network (THETA) is on the gaining side of the crypto market. In the last 24 hours, as of 11:29 am EST, the asset is up by 3.13% at $0.8193. Also, its trading volume has surged by 72.93% to $28 million in the last 24 hours.

Theta Network (THETA) is a decentralized blockchain-powered platform focused on revolutionizing the online video streaming and content delivery industry.

It aims to improve video streaming quality, reduce costs, and enable better incentives for content creators and viewers. The primary goal of Theta Network is to address the limitations and inefficiencies of traditional video delivery systems.

In conventional video streaming, content is distributed from centralized servers, leading to issues like buffering, slow loading times, and high infrastructure costs.

Theta Network utilizes a peer-to-peer (P2P) network powered by blockchain technology to optimize video delivery. It operates on two main components: The Theta blockchain and the Theta Token (THETA).

The underlying blockchain technology of the Theta Network serves as the foundation for the platform’s video delivery infrastructure. It facilitates the secure and transparent sharing of video streams among users, reducing reliance on centralized servers.

THETA is vital in incentivizing users to contribute their spare bandwidth and computing resources to relay video streams to network members. Viewers can also earn THETA tokens by watching advertisements or supporting their favorite content creators.

By utilizing a P2P network, Theta reduces video buffering and loading times, leading to improved video streaming quality and a smoother user experience. The decentralized nature of the network reduces infrastructure costs for content delivery, benefiting both content platforms and viewers.

Content creators can earn THETA tokens based on the popularity of their content and engagement from viewers. This incentivizes creators to produce high-quality content and grow their audience.

Also, viewers can earn THETA tokens by participating in the network, such as sharing their bandwidth to relay video streams or engaging with content through likes and comments.

Users can participate in the Theta Network as Guardian Nodes, contributing their computing resources to relay video streams. In return, they receive rewards in THETA tokens for their services.

Theta Network has gained popularity and recognition within the blockchain and video streaming industries due to its innovative approach to content delivery.

As the demand for high-quality video streaming continues to grow, Theta aims to provide a decentralized solution that benefits both content creators and consumers.

THETA is Projecting an Upcoming Uptrend

In the chart above, the asset is projecting an upcoming uptrend considering its movement in the last 2 days.

THETA trades above its 50-Day Simple Moving Average (SMA) but below the 200-Day SMA. This shows a short-term bullish and long-term bearish for the coin.

Also, the Moving Average Convergence Divergence (MACD) indicator is above the signal line with a bold green histogram bar, representing THETA’s prolonged and potential bullish outlook.

The longer green candle stick on the chart after the last two green candles shows increased buying pressure today. Furthermore, THETA’s Relative Strength Index (RSI) is at 60.29, moving toward the overbought region (above 70).

Synthetix (SNX)

Synthetix’s token (SNX) is gaining today by 5.63% as of 12:06 pm EST. Although its 24-hour trading volume dropped by 29.16%, the asset’s price has support at $3.12.

The Ethereum blockchain-based decentralized finance (DeFi) protocol, Synthetix (SNX), facilitates the production and trade of synthetic assets, sometimes referred to as “synths.” These “synthetic assets” are wholly produced and exchanged on the blockchain, yet they mimic the value of actual assets like stocks, cryptocurrencies, commodities, and fiat money.

At the core of Synthetix is its native utility token, SNX, which plays a crucial role in the platform’s operation.

SNX holders can stake their tokens as collateral and mint synthetic assets. By staking SNX, users become part of the protocol’s decentralized network and receive rewards for contributing to its security and stability.

The minted synthetic assets, called synths, can be used for trading, investing, or as collateral for other financial activities within the ecosystem.

They track the price of the underlying real-world assets they represent, providing users with exposure to various markets without the need to directly hold the actual assets.

One unique feature of Synthetix is its use of a “price oracle” mechanism to ensure accurate pricing of synthetic assets. Oracles feed real-world data into the protocol, determining the value of the synths and maintaining their peg to the referenced assets.

Synthetix rewards SNX stakers with fees generated from trading activities and the minting of synths to incentivize participation. Additionally, SNX holders can participate in governance, proposing and voting on changes to the protocol’s parameters and upgrades.

The growth and popularity of Synthetix have been fueled by its innovative approach to providing decentralized exposure to traditional and crypto markets and its governance system that puts decision-making power in the hands of the community.

SNX is Enjoying the Overbought Region

The chart above shows that SNX is forming a green candle stick above two green candles, suggesting an uptrend in the long run. The asset trades above its 50-Day and 200-Day Simple Moving Average (SMA), indicating a short and long-term bullish trend.

The asset’s Moving Average Convergence Divergence (MACD) indicator is above the signal line, accompanied by bold green bars on the histogram. This shows that SNX has been bullish, and their momentum is still strong.

According to the chart above, the asset’s Relative Strength Index (RSI) is at 75.96, moving in the overbought region (above 70). This supports the bullish signals on the MACD and the upcoming uptrend in SNX’s market.

Wall Street Memes (WSM)

A distinctive, revolutionary meme coin, Wall Street Memes (WSM), blends the strength of blockchain technology with the impact of online meme culture.

In contrast to conventional cryptocurrencies, the project uses the spread of memes to build a decentralized financial environment that encourages community involvement.

With a major aim of creating a passive income for investors that missed out on presales, Wall Street Memes intends to use the rising popularity of memes as a form of communication and expression on social media platforms while rewarding its participants with crypto, $WSM.

Wall Street Memes Features

The project’s features include meme-based interactions, a community-driven approach, and utility-infused token:

Meme-based interactions

Wall Street Memes harness the power and popularity of memes to attract a wide range of audiences to the project, allowing them to make money while creating, sharing, and engaging in meme content.

Community-driven approach

To allow early investors to get the most out of the project’s utility token, Wall Street Memes offers it at affordable prices via presale. These cheap prices will help interest investors buy as many $WSM as they can afford before it lists on exchanges.

Utility Meme Crypto

Wall Street Memes’ utility token, $WSM, is the primary currency for the platform. All transactions and activities, including user rewards, trading, etc., are powered by the meme crypto.

$WSM Presale

In the long run, the Wall Street Memes presale has raised over $16 million out of its $18 million benchmark.

$WSM is selling for $0.0322 and will increase to $0.0325 in the next presale stage. 50% of the total 2 billion $WSM token supply will go for marketing, 30% for community rewards, 10% for centralized exchange liquidity, and 10% for decentralized exchange liquidity.

How to Purchase Wall Street Memes

Make sure you have USDT (BEP-20 or ERC-20), BNB, or ETH in your crypto wallet.
Connect it to the presale widget and choose your preferred crypto to swap for $WSM
Enter the amount and click “Convert.”
Have not a crypto wallet? Use your credit card to buy $WSM.
Revisit the widget at the end of the presale and claim your token

Thug Life (THUG)

The new meme crypto with a hip-hop theme and street life culture is now available on several trading platforms and crypto exchanges. Thug Life is down by 9.8% over the past 24 hours. Notwithstanding, its all-time low as of July 21 shows a 10.53% increase to $0.00045585.

Thug Life (THUG) is trading at $0.00050454, and its trading volume in the last 24 hours is at $239K, also down by 66.84% as of 1:16 pm EST.

Considering the utility of the meme coin and its community-driven approach, THUG could gain traction in the nearest future, attracting more investors and traders to the Thug Life community.

THUG is Gaining a Bullish Stance

The 15-Minutes chart above shows that THUG is on a short and long-term bearish market with an upcoming bullish trend. THUG is trading below its 50-Day and 200-Day Simple Moving Average (SMA), representing a strong bearish momentum for the coin.

The Moving Average Convergence Divergence (MACD) indicator is below the signal line and has a faded red histogram bar. This shows that THUG has been bearish, but the bears are losing momentum.

Furthermore, THUG’s Relative Strength Index (RSI) is at 36.95, moving in the neutral region. This corresponds with the green candle stick forming on the chart.

Conclusion

Today’s top crypto gainers comprise meme coins, altcoins, and even new projects in presale. Considering their massive gains in the last 24 hours, investors may consider any of them as promising investment options.

However, it’s advisable to have adequate risk management techniques and carry out comprehensive technical analysis before making investments.