Top Crypto Gainers on 25th July - XDC, DOGE, TWT, And GMX

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Many cryptocurrencies have witnessed significant growth and volatility recently. Today, we will delve into the top crypto gainers that have experienced notable price surges.

These gainers represent cryptocurrencies that have increased in value, attracting the attention of investors and traders alike. XDC, DOGE, TWT, Thug Life, GMX, and Wall Street Memes are the top crypto gainers, relying on diverse factors to succeed amid the ongoing bearish trend.

Find out more about these assets below.

XDC Network (XDC)

XDC has gained 21.71% in the last 24 hours as of 9:46 am EST. Also, its 24-hour trading volume is up by 55.82% at $20.8 million. The asset is trading at $0.05969 and is showing signs of more growth in the coming week.

The surge in XDC’s price could be attributed to the role of XDC Network as a Gold Sponsor of the WebX Asia event and other prominent gatherings in Japan.

Asia’s leading Web3 conference, WebX, promises to enable individuals to explore exciting opportunities, access revolutionary innovations, and get in touch with industry leaders.

Besides the excitement following this event, XDC’s utility in the crypto space may be another factor attracting attention and growth to its price.

The XDC Network serves as a blockchain platform specifically designed for businesses and developers seeking to develop decentralized applications (dApps) on a robust and scalable blockchain infrastructure.

Utilizing an improved Ethereum codebase, the platform seamlessly integrates with the Ethereum Virtual Machine (EVM), ensuring compatibility for developers.

With its efficient and scalable architecture, the XDC Network empowers users to leverage the benefits of blockchain technology while providing a reliable and flexible environment for creating and deploying dApps.

XDC is Enjoying Bullish Momentum

In the chart above, the coin’s market value will likely stabilize today. XDC trades above its 50-Day and 200-Day Simple Moving Average (SMA). This represents the short and long-term bullish market sentiment.

The asset’s Moving Average Convergence Divergence (MACD) indicator is above the signal line with bold green histogram bars. This shows that XDC has been bullish, and the bulls are engaged.

In the chart above, the green candle stick is forming beside the last green one indicating increased buying pressure.

Also, XDC’s Relative Strength Index (RSI) is at 79.04, moving in the overbought region (above 70). This confirms the strong bullish momentum backing XDC’s market price.

Dogecoin (DOGE)

The interesting relationship between ex-Twitter CEO Elon Musk and DOGE influences Dogecoin’s rally.

DOGE’s price has spiked close to 7% following Elon Musk’s move to rebrand Twitter on July 24. The social media rebranding to X was successful, with changes to its bio description and brand image.

This move has raised speculations that Musk will embrace Dogecoin as one of the rebranding strategies considering the Doge logo that appeared on Twitter in early April and the additional “D” on Twitter’s bio description now.

Also, Elon Musk’s persistent support has played a vital role in driving Dogecoin’s fame and placing it in the spotlight ahead of other altcoins.

Musk’s eco-conscious auto company, Tesla, accepts DOGE at its charging stations, enabling electric vehicle (EV) drivers to make payments with the meme coin. Other ventures owned by Musk, Starlink, and SpaceX are poised to participate in the Dogecoin bandwagon.

Although Dogecoin is a meme token from the popular “doge” social media meme, several factors, especially Elon Musk’s relationship with the meme coin, drive its value higher.

Today, DOGE has shot up by 4.38% in the last 24 hours as of 11:59 am EST. Its price has raised $0.07736 today, July 25. Despite the slight 15.76% decline in the 24-hour trading volume to $1 billion, DOGE will likely continue its rally throughout July.

DOGE is Breaking Above Long-Term Bearish Moving Average

The chart above shows that Dogecoin (DOGE) is a few pips above key moving averages. The asset trades above the 50-Day and 200-Day Simple Moving Average (SMA), representing a short and long-term bullish market trend.

Its Moving Average Convergence Divergence (MACD) is above the signal line and has small bold green bars on the histogram. This shows that DOGE’s bullish momentum is strong and can uphold the price throughout today. The chart above shows three consecutive candles formed in ascending order, suggesting an uptrend and increased buying pressure.

Also, DOGE’s Relative Strength Index (RSI) is at 67.21, pointing toward the overbought region (above 70). This corresponds with the green candle and MACD signals on the chart.

Trust Wallet Token (TWT)

The dramatic surge in TWT can be tailored to the latest development in the ecosystem. Trust Wallet Token has launched a new V2 Security Scanner that comes with superior protection against high-risk connections.

This proactive feature enhances security within the Web3 environment. It operates with precision and assigns a risk level to every transaction, promptly notifying users of possible dangers.

The V2 Security Scanner guards against scams as well as other threats that may jeopardize funds, empowering users to make informed resolutions via timely warning notifications.

By working with various data points and reputable security partners, the Security Scanner ensures protection from phishing scams, bolsters DeFi wallet security, and safeguards your valuable tokens.

Interestingly, this indispensable feature seamlessly integrates into Trust Wallet’s mobile app, requiring no manual activation, for a safer and enjoyable Web3 experience.

This V2 Security Scanner features support for multiple languages and comprises enhanced UX and warning. With its detailed risk descriptions, users can distinguish between safe and vulnerable transactions.

Following this update, Trust Wallet Token (TWT) has surged by 2.88% to $0.9283 as of 12:38 EST. Its 24-hour trading volume is also up by 8.54% to over $49 million.

Can TWT’s Bulls Uphold Plunging RSI?

The chart above shows two contrasting market sentiments. TWT’s Moving Average Convergence Divergence (MACD) indicator is above the signal line and has a bold green bar on the histogram. This shows the strong bullish momentum of the coin in the past days and today.

Also, the asset is trading above the 50-Day Simple Moving Average (SMA), indicating a short-term bullish market sentiment. In contrast, TWT trades below its 200-Day SMA, which indicates a long-term bearish sentiment.

According to the chart, a red candle stick is forming after four consecutive green candles, representing increased selling pressure. Again, TWT’s Relative Strength Index (RSI) is at 61.86 and also pointing downward, suggesting movements toward the oversold zone (below 30).

Thug Life (THUG)

Thug Life is an exciting crypto venture capitalizing on the meme coin trend in 2023. It features beloved memes like Shiba Inu, Pepe the Frog, and the fist-pumping baby, encouraging investors to stay strong amid market fluctuations.

The project aims to create an inclusive and supportive community, promoting humor and brotherhood in the crypto market. The $THUG token currently lacks known utility, but it has attracted a substantial online community due to growth speculation after launch.

Investors following the Thug Life movement believe it has the potential to be the next explosive meme coin, similar to Pepe’s impressive 10,000% surge and the Sponge token.

Thug Life Features

Here are some features of the Thug Life initiatives that could push it to the spotlight in the crypto market.

Recognition of Popular Icons

The Thug Life token stands out with its affiliations to famous elements of interest, such as Shiba Inu, Pepe the Frog, Fist-pumping Baby, and even a picture of Snoop Dogg portrayed as a gangster in their marketing posts.

Explosive nature

The explosive nature of the project’s token is an essential feature. $THUG sold out swiftly during its presale. It has joined the crypto market, available on DEXTools and Uniswap. It is projecting the potential for continuous surge, thus, enticing more investors to participate in the “Thug Life Movement” toward financial freedom.

Meme-driven community

Thug Life harnesses the vibrancy of internet memes to create a community where meme lovers and even crypto enthusiasts can benefit from the crypto market.

$THUG Presale Performance

During the Thug Life token presale, 2.94 billion $THUG tokens, representing 70% of the total 4.2 billion total supply, were sold out in only one stage. $THUG presale sold at $0.0007 per token.

Remarkably, the presale surpassed the hard cap of $2,058,000 within two weeks. After the presale, $THUG is listed on exchange platforms like CoinMarketCap, and decentralized exchange platforms like Uniswap and DEXTools.

As of 11 am EST today, $THUG is trading at $0.0002963, experiencing a slight price reduction of 2.31% in the last 24 hours. Notwithstanding, the asset has shown significant gains over the last 7 days.

GMX (GMX)

The price of GMX could be surging because of its ecosystem utility and solution in the crypto industry.

GMX (GMX) aims to revolutionize the gaming industry through blockchain technology. It is designed to enhance gaming experiences, facilitate secure in-game transactions, and empower gamers with true ownership of their digital assets.

GMX leverages the benefits of decentralized finance (DeFi) and non-fungible tokens (NFTs) to enable transparent and trustless interactions between players, developers, and other stakeholders within the gaming ecosystem.

Utilizing blockchain, GMX ensures that gaming assets, such as virtual items and collectibles, are unique, verifiable, and cannot be tampered with, granting players full ownership and control.

GMX further facilitates seamless in-game transactions, enabling gamers to buy, sell, or trade their assets easily, all while benefiting from low fees and faster processing times compared to traditional gaming platforms.

Additionally, integrating DeFi functionalities allows users to participate in yield farming and staking, earning rewards and contributing to the network’s security and stability.

This innovative cryptocurrency is built on a scalable and energy-efficient blockchain, prioritizing sustainability and reducing the environmental impact often associated with blockchain-based systems.

GMX’s commitment to eco-friendly practices aligns with the growing global emphasis on sustainable blockchain solutions.

Moreover, GMX is supported by an active and dedicated community, fostering a collaborative environment for enthusiasts and developers to contribute to the project’s growth and development continuously.

Notable updates like the GMX V2 that intend to resolve protocol backlogs could also be another factor driving the price of GMX up.

Today, the asset is up 3.15% in the last 24 hours to $53.91. With its 24-hour trading volume up by 16.60% to $22 million, GMX could experience a potential surge in the coming weeks.

Bulls Upholds GMX Price Above Short-Term Moving Average

In the chart above, GMX is in a bullish trend today. The asset trades above its 50-Day Simple Moving Average (SMA), hinting at a short-term bullish market.

On the other hand, the Moving Average Convergence Divergence (MACD) is below the signal line with faded red histogram bars. This shows that GMX has been bearish, but the bears’ momentum is fading.

GMX’s Relative Strength Index (RSI) is at 47.31, moving upward, and suggests potential movement to the overbought zone. The consecutive green candle sticks show increased buying pressure in the last three days.

Nevertheless, GMX is still below the 200-Day SMA, which indicates a long-term bearish sentiment for the coin.

Wall Street Memes (WSM)

Wall Street Memes (WSM) is a cryptocurrency that has gained significant attention in the crypto community.

The project aims to build a crypto community meme coin that could become a symbol of anti-capitalism in the Web3 era. It also intends to challenge the traditional Wall Street players and unite small investors.

The WSM token has gained popularity due to its association with the meme coin market. It has swiftly turned heads since its presale phase, raising over $17 million and closing in on the $18 million mark.

The project behind Wall Street Memes aims to create a decentralized movement that empowers individuals and promotes financial inclusivity.

The WSM token’s presale is open to the public, allowing investors to get involved before it is listed on crypto exchanges in the latter part of 2023.

Wall Street Memes has garnered support from crypto influencers, who see its potential for explosive growth. This support has contributed to the increasing investment flow into the project.

The massive $50,000 airdrop announced by the project’s team serves as a way to show appreciation to their community and supporters. The WSM token is on social media platforms like Twitter, where it engages with its community and shares updates about the project.

Wall Street Memes aims to challenge the dominance of major Wall Street players by providing a platform for small investors to participate in the crypto market.

Wall Street Memes Features

The Wall Street Memes (WSM) project garners attention for its unique features and goals. Here are some notable features of Wall Street Memes:

Community-Driven

Wall Street Memes prides itself on being a community-driven project, emphasizing the power of collective decision-making and inclusivity. The community plays an active role in shaping the project’s direction and participating in important decisions.

Anti-Capitalist Narrative

WSM embodies an anti-capitalist narrative, aiming to challenge the dominance of traditional Wall Street institutions and create a more equitable financial system. It seeks to empower small investors and promote financial inclusivity.

Meme Coin Culture

As a meme coin, Wall Street Memes embraces humor, internet culture, and meme-driven trends. It leverages the power of memes to engage and connect with its community, fostering a sense of camaraderie and shared values.

Presale and Airdrops

Wall Street Memes conducted a presale phase, allowing early supporters to invest in the project before listing it on exchanges. Additionally, the project has organized airdrops, distributing tokens to community members as a gesture of appreciation.

Social Media Presence

Wall Street Memes actively maintains a presence on social media platforms like Twitter, where it engages with its community, shares updates, and encourages participation. It utilizes social media to communicate and connect with its supporters.

Financial Inclusivity

One of the key objectives of Wall Street Memes is to foster financial inclusivity. By challenging the status quo and traditional financial systems, the project aims to provide opportunities for individuals who have been historically excluded from traditional markets.

Transparent and Open Whitepaper

Wall Street Memes has made its whitepaper accessible, providing detailed information about the project’s vision, technology, and roadmap. This transparency allows potential investors and community members to understand the project’s goals and make informed decisions.

Listing on Exchanges

After the presale phase, Wall Street Memes intends to list its token on crypto exchanges. This will provide liquidity and enable wider accessibility for investors who want to trade the WSM token.

$WSM Presale

The Wall Street Memes presale has raised $17.6 million out of its $18 million benchmark. This reflects the high interest in the token and speculations for success by investors.

$WSM token is selling for $0.0322 and is set to increase to $0.0325 in the next few days. After the presale, $WSM will hit several exchanges, attracting more investors to the community.

How to Buy Wall Street Memes

To acquire Wall Street Memes tokens ($WSM), interested investors are advisable to use MetaMask or Trust Wallet following these steps:

Set up a cryptocurrency wallet before purchasing $WSM.
Navigate to the Wall Street Memes presale and connect your wallet.
Swap compatible tokens for Wall Street Memes tokens, such as ETH or USDT.
Follow on-screen instructions to confirm the transaction.
After the presale concludes, claim your $WSM tokens and await listing.

Conclusion

The crypto mentioned above gainers were handpicked based on the increase in today’s price, 24-hour trading, recent developments, and presale success.

Since cryptocurrencies are volatile and can differ from expected price movement, thorough research and adequate risk management practices are recommended before engaging with any asset.