Top Crypto Gainers on 26 July – COMP, DOGE, MKR, And THETA

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Crypto assets are gradually taking the financial markets by storm. Some digital assets have experienced remarkable surges, attracting the attention of investors and sparking enthusiasm within the crypto community.

Today July 26, we’ve handpicked some top-performing cryptocurrencies in the market, analyzing the driving forces behind their meteoric rise. 

From impressive price increases to unprecedented returns, these leading crypto gainers COMP, DOGE, MKR, THETA, DYDX, BTC20, Burn Kenny, Evil Pepe have become newsmakers. 

Compound (COMP)

This week, Compound’s COMP token price experienced an upward trend, reaching $70, its highest value since Monday, as the protocol’s Total Value Locked (TVL) increased. The token’s price surged by over 16% from its lowest point during the week.

Compound is a prominent decentralized finance (DeFi) protocol facilitating borrowing and lending activities. It has a substantial total value locked (TVL) of more than 1.7 million ETH, equal to more than $3 billion, positioning it as the seventh-largest DeFi protocol globally.

Unlike other protocols, Compound operates on the Ethereum blockchain, with a governance token (COMP) granting voting rights to users.

The price of COMP surged as the token’s open interest kept increasing. According to Coinglass’s data, the open interest soared past $170 million on July 16th, following the Ripple vs. SEC case resolution.

Despite the pullback around June, COMP’s open interest remains at its highest point in over a year, rebounding to over $122 million. Most of this interest originates from major platforms such as Bybit, Binance, Kraken, and OKX.

In the past 24 hours, the price of COMP tokens has surged by 14.34% to $69.15 as of 8:49 am EST. Its 24-hour trading volume has also increased by over 33.29%, recording nearly $190 million today.

COMP is Breaking Above Key Moving Averages

Top Crypto Gainers on 26 July - COMP, DOGE, MKR, And THETA

In the chart above, the asset is pushing above a significant moving average in a bullish trend. COMP trades above its 50-Day and 200-Day Simple Moving Averages (SMA). This shows that the coin is in a short and long-term bullish market.

The asset’s Moving Average Convergence Divergence (MACD) indicator is above the signal line, supporting today’s bullish price movement. 

In the chart above, a green candle stick forms a few pips above the 200-Day SMA, increasing buying pressure. Also, COMP’s Relative Strength Index (RSI) is at 67.81, moving in the neutral region. 

While this signifies a buoyant market for sellers to take profit, traders should look out for price drops considering the weakening bullish momentum depicted by the faded green histogram bars.

Dogecoin (DOGE)

Dogecoin (DOGE) is a light-hearted meme-based project intending to poke fun at the rapidly growing number of cryptocurrencies. It takes its name from the popular internet meme “Doge,” featuring a Shiba Inu dog with funny captions. 

Dogecoin emerged as a joke by a team of engineers in 2013. However, it has become the 8th leading digital asset with over $11 billion market cap. 

Dogecoin’s most well-known use cases include tipping content creators, fundraising for charitable causes, and fostering a friendly and generous community spirit. 

Over the years, Dogecoin’s price has experienced significant volatility, often influenced by social media trends, celebrity endorsements, and market speculation. Now, its price movement is changing.

In 2020, Musk began promoting the coin on Twitter through memes, leading to a surge in its value. This move attracted a devoted following from individuals and firms, like Tesla, adopting cryptocurrency.

DOGE has shot up as Twitter and Tesla CEO Elon Musk promotes the new Twitter logo from DogeDesigner. Again, the Dogecoin signage appeared on Musk’s location field in his Twitter bio

In the past week, DOGE increased by 19%. It is up by 2.13% in the last 24 hours for $0.07877. Its 24-hour trading volume is up by 7.59%, recording over $1.2 billion, placing the coin among the performers on the list.

Considering these, the surge and growth of Dogecoin’s price could be aligned with Elon Musk’s ventures and activities on social media.  

DOGE is Facing Market Price Stability

Top Crypto Gainers on 26 July - COMP, DOGE, MKR, And THETA

According to the chart above, the asset’s price could become stable today in the bullish trend. DOGE trades above the 50-Day and 200-Day Simple Moving Average (SMA), depicting a bullish trend.

In the chart above, a green candle stick forms after the last red candle, showing increased buying pressure. Also, DOGE’s Relative Strength Index (RSI) is at 48.08, moving upwards.

Considering the signals on these technical indicators, this may be a selling opportunity to lock in profits. However, traders must implement strategic trade setups to bypass price fluctuations projected on the faded red histogram bars.

Maker (MKR)

MakerDAO’s (MKR) price has exhibited positive movement today, surging by over 2% in the past 24 hours. Its price is $1,170 as of 1:43 pm EST. 

The significant bullish momentum observed raises the possibility that there may be key factors influencing its price surge.

Maker’s price witnessed a boost attributed to heightened ecosystem activities triggered by the commencement of Maker Governance votes for the new Spark Protocol changes.

The vote occurred in response to Phoenix Labs’ proposal for significant modifications to “Spark Protocol DAI market parameters.” The aim was to enhance the overall user experience within the protocol.

One of Phoenix Labs’ key recommendations is to adjust the “Wrapped Ether (WETH) Variable Rate Slope” from 1%-3%. This change is expected to promote a healthy application of the DAI market by improving supplier returns while providing incentives for increased deposits.

Phoenix Labs proposed that 0.01% will be new for the DAI market loan-to-value and liquidation threshold (LTV/LT). Also, the WETH market reserve factor will be set to 5%. These changes will lower the protocol charge on the ETH market, providing suppliers with a higher APY.

The proposed changes will increase Spark D3M’s debt ceiling to two million DAI and post the DAI Market LTV/LT to zero upon approval. 

These changes can potentially benefit DAI borrowers, likely leading to increased market activity and boosting the demand for MKR.

The toting commenced on July 24, drawing substantial interest from members of the Maker community. In response, Maker’s trading activity has surged, with community members eager to participate in the poll before July 27 (deadline).

MKR is Projecting Strong Bullish Momentum

Top Crypto Gainers on 26 July - COMP, DOGE, MKR, And THETA

In the chart above, MKR is on strong bullish momentum. The asset is trading above its 50-Day and 200-Day Simple Moving Average (SMA), projecting a short and long-term bullish trend.

The asset’s Moving Average Convergence Divergence (MACD) indicator is above the signal line with small faded green histogram bars. MKR has been bearish, but the bulls are stepping in.

According to the chart, a green candle stick forms after two red candles, indicating increased buying pressure. Again, MKR’s Relative Strength Index (RSI) is at 66.37, moving slightly upward.

These bullish signals on these major indicators show a selling opportunity. However, traders must monitor the RSI’s movement so they can sell when the price increases before the end of the day.

Theta Network (THETA)

The Theta Network has achieved a significant milestone with its latest Edge Node update, version 4.0.14. 

This update introduces cutting-edge FedML AI compute jobs that aim to enhance TFUEL earnings. Numerous Edge Nodes globally are already processing this update, and Windows Edge Node users have received the automatic update.

By integrating FedML into the Theta Edge Nodes, community members can utilize their personal preferences and computing resources to train and set up AI models. These models aim to provide bespoke content recommendations for viewers on Theta.tv. 

This innovative community-powered AI supercluster has the potential to modernize the user experience on the platform while simultaneously recompensing the node community for their valuable contributions.

The Theta Edge Nodes now feature an integrated FedML client that periodically fetches data from Theta.tv’s backend. This data is then utilized by the FedML training platform, which leverages the Edge Nodes and their data to groom and deploy the video recommendations model.

Before making user recommendations, each model undergoes training on 100 to 1000 samples through the Edge Nodes, ensuring optimal performance and personalized suggestions for users.

The applications of this technology are extensive and go beyond video recommendations. 

Additionally, the technology could generate automated summaries or generative video content, suggest gaming strategies, and open up new possibilities in various domains.

Following this recent update, the Theta Network token, THETA, has surged by 0.70% in the last 24 hours to $0.8328. Also, the 24-hour trading volume has increased by 21.06% to $35 million.

Can THETA Uphold Bullish Momentum?

Top Crypto Gainers on 26 July - COMP, DOGE, MKR, And THETA

The chart above shows a green candle stick after three consecutive red candle sticks, indicating increased buying pressure today. THETA’s Relative Strength Index (RSI) is at 53.21, pointing toward the overbought zone (above 70). 

The asset trades above its 50-Day and 200-Day Simple Moving Average (SMA). This depicts THETA in a short and long-term bullish trend.

Considering these positive signals, investors seeking profit can sell their THETA tokens at this high price. 

However, considering the Moving Average Convergence Divergence (MACD) below the signal line, the coin will likely decline in the next few days.

dydX (DYDX)

dYdX (DYDX) is a decentralized exchange (DEX) trading platform built on the Ethereum blockchain. It aims to provide users with a secure and transparent environment to trade cryptocurrencies and digital assets in a decentralized manner.

The DYDX token has increased today by 1.18% in the last 24 hours as of 2:51 pm EST.  Its 24-hour trading volume has also increased by 15.34% to over $50 million.

dYdX has gained popularity for its innovative approach to decentralized finance (DeFi) and its emphasis on non-custodial trading. 

It operates as a non-custodial exchange, meaning users retain full control of their funds throughout trading. This enhances security, as users do not need to trust a centralized entity with their assets.

One of the standout features of dYdX is its margin trading functionality, allowing users to access leverage to amplify their trading positions. Traders can borrow funds to increase their exposure to assets, potentially leading to higher profits or losses.

dYdX offers perpetual contracts, a derivative contract with no expiry date. These contracts enable traders to hold positions indefinitely, which is particularly useful for traders seeking long-term exposure.

dYdX pools user funds in liquidity pools, allowing traders to borrow from or lend to these pools, contributing to the platform’s overall liquidity and enabling efficient trading. 

dYdX aims to address scalability concerns on the Ethereum network by utilizing Layer 2 scaling solutions, such as StarkWare’s StarkEx, which allows for faster and more cost-effective transactions.

DYDX is Trading Between Major Moving Averages

Top Crypto Gainers on 26 July - COMP, DOGE, MKR, And THETA

The chart above shows that dydX (DYDX) trades between key moving averages (50-Day and 200-Day Simple Moving Averages, SMA). This shows that the coin is on a short-term bullish and long-term bearish trend.

Its Moving Average Convergence Divergence (MACD) indicator is below the signal line with faded red histogram bars. This shows that dydX has been bearish, but the bears are losing momentum.

According to the chart, a long green candle stick forms after two red candles, indicating increased BUY trades today. Also, dydX’s Relative Strength Index (RSI) is at 54.61, pointing up. 

While traders may take advantage of this bullish market condition, monitoring the RSI’s movement is advisable as it suggests price rallies in the coming days.

Bitcoin 2.0 (BTC2.0)

Bitcoin 2.0 (BTC2.0) is a cryptocurrency based on the Ethereum blockchain.  It aims to provide a community-centric cryptocurrency that focuses on privacy, speed, scalability, and decentralization. 

The high 16.3K followers on its Twitter handle shows that its community supports the token, which could drive its price today.

As of 2:54 pm EST, the price of BTC2.0 today is $0.2393, up by 8.32% in the last 24 hours. The coin’s 24-hour trading volume has reached $3.8 million, showing a 39.33% surge today. 

BTC2.0 Shows Bullish Signals 

BTC2.0’s Moving Average Convergence Divergence (MACD) indicator is above the signal line with a green histogram bar. This suggests strengthening bullish momentum today.

In the chart above, a green candle stick forms after two red candles, indicating increased buying pressure. Also, BTC2.0’s Relative Strength Index (RSI) is at 54.16, pointing upward.

Even though the price below the 50-Day and 200-Day Simple Moving Average (SMA) suggest a short and long-term bearish trend, the asset is gaining and could cross the SMAs today.

As the market is bullish, traders may find opportunities to capitalize on potential price rallies. However, it is vital to monitor the movement of the RSI as it projects advancements to the overbought zone (above 70). 

Burn Kenny (KENNY)

Burn Kenny’s presale concluded with remarkable speed on July 22 after successfully raising the sum of $499,824.58, near its hard cap of $500,000. 

From the start, the token garnered massive community support, raising an astounding $350,000 in just 15 hours after the presale launch. 

With such impressive initial momentum, there are strong indications that KENNY could be the next coin to experience explosive growth.

Burn Kenny’s listing on decentralized exchanges (DEX) was scheduled for July 24. According to updates from the project’s Twitter account, the contract has been successfully deployed, and the LP (Liquidity Pool) has been locked in. 

Trading is not possible yet until an official announcement. Anticipation is high, and all eyes will be on the project as it commences trading. Meanwhile, all early investors can claim their tokens now.

There are concrete, fact-based reasons to support the belief that KENNY could be the next major crypto to experience significant growth. 

Beyond hype, the platform’s well-executed marketing strategy significantly contributes to its potential success.

Burn Kenny Features

These features include numerous growth opportunities, deflationary tokens, and a built-in burn mechanism.

  • Numerous Growth Opportunities

Some factors that could foster Burn Kenny’s growth are the short presale span, low cap, and deflationary scheme. The presale hit its $500K benchmark in a short period. Now it has ended, demands may likely flood the decentralized exchanges where $KENNY is offered, resulting in a price pump.

  • Deflationary Token

Burn Kenny’s token, $KENNY, is a deflationary token, which means its value rises after the burn occurs. Staking tokens early give early investors an exceptional opportunity for significant growth in the future.

  • Built-in Burn Mechanism

The project incorporates a built-in mechanism for periodic coin burning. This deflationary process will continuously occur, helping to maintain KENNY’s price at higher levels. The burning mechanism will activate 24 hours once the token lists and will last for 3 days.

How to Claim Burn Kenny

  • Navigate to Burn Kenny’s presale site
  • Select the “Connect Wallet” option 
  • Next, select “Wallet Connect” to connect your crypto wallet
  • For mobile users, check the bar code to authorize 
  • For desktop users, choose from Fireblocks, Ledger, Zerion, or “View All” to see more.
  • Once the wallet is connected successfully, “Claim Your Token.”

Evil Pepe (EVILPEPE)

Evil Pepe Coin ($EVILPEPE) sets itself apart as an imitator and a pioneering force with significant growth potential. The new presale has already hit an impressive $911K, showcasing its promising trajectory. Drawing inspiration from Pepe Coin’s success, Evil Pepe Coin brings its distinctive twist to make its mark in the market.

With just $2 million in the initial valuation, $EVILPEPE offers an attractive opportunity for investors to get in early. Supported by experienced teams behind successful projects like Thug Life Token ($THUG) and SpongeBob ($SPONGE), $EVILPEPE aims to follow these meme coins and potentially surpass their remarkable 100x gains.

$EVILPEPE’s potential transcends the accomplishments of its team. It embraces a strategic marketing strategy, harnessing influencer collaborations and targeted promos on crypto news platforms and social media, guaranteeing extensive visibility. 

In this fiercely competitive space, widespread visibility is a vital catalyst for growth. By employing these marketing tactics, $EVILPEPE aims to attract a broad audience and solidify its position for continued success.

Evil Pepe Features

These features include an ambitious market cap, a captivating outlook, and meme culture.

  • Ambitious Market Cap

Evil Pepe’s team has set an ambitious target for the market cap, aiming to reach $100 million, a remarkable near 50x growth from its original valuation. This audacious goal, coupled with the team’s steadfast dedication to pushing the limits in the meme coin space, highlights the gigantic growth potential of EVILPEPE.

  • Captivating Outlook

The potential of $EVILPEPE is captivating retail investors and prominent crypto influencers. Crypto YouTuber, Jacob Bury, with an impressive following of about 20,000 subscribers, showed an in-depth video analysis, predicting EVILPEPE as a resilient rival to become “the next Pepe coin.”

  • Meme Culture

Taking inspiration from $PEPE’s success, Evil Pepe Coin aims to harness the influential force of meme culture to captivate the crypto community. 

Evil Pepe’s official Twitter handle has experienced remarkable growth in followers in the last week, indicating the increasing attention to its distinctive approach.

$EVILPEPE Presale

$EVILPEPE is undeniably a low-cap gem with a modest presale hard cap of merely $1,996,002. 

The total supply for the token is 6.66 billion. 90% of this supply is accessible during the presale, giving investors abundant opportunities to secure early points at the $0.000333 fixed price.

Interested investors craving the $EVILPEPE token can exchange their USDT or ETH tokens for it.

How to Buy Evil Pepe

  • Connect your crypto wallet or create one if you have none (advisable, MetaMask)
  • Deposit Tether (USDT) or Ethereum (ETH) to your wallet
  • Navigate to the Evil Pepe token presale site
  • Specify how many $EVILPEPE tokens you want to purchase in ETH or USDT.
  • Select “Buy Now” to complete the transaction
  • Claim your tokens after the presale

Conclusion

The top crypto gainers above have recorded significant price increases and trading volumes in the last 24 hours.

While these assets are projecting a positive market outlook, it’s advisable to adopt adequate risk management approaches and technical analysis before investing.

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