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The Crypto market has a more positive outlook today following the recovery of market leader Bitcoin to trade above $30,000.
However, other altcoin projects top the list of best performers today due to several innovations within their crypto ecosystem and market conditions. The top gainers are rallying at the moment include crypto projects at presales already rewarding early investors.
Blur (BLUR)
Blur is an NFT marketplace that gives users advanced features such as price feed, NFT comparisons, and proper portfolio management.
NFT traders opt to use Blur for their trading activities due to its incentives such as airdrops. Notably, Blur runs on Ethereum’s secured blockchain and supports NFT creator royalty payments.
Also, as an aggregator, it connects users to NFT marketplaces such as OpenSea, X2Y2, and LooksRare. Blur does not charge trading fees on NFT which is another reason some investors opt to use the platform for trading. BLUR is the utility token powering activities on this platform.
In June 2023, BLUR traded at $0.475 on June 1 increasing to $0.5008 on June 2. However, it returned to $0.4377 on June 5 dropping further to $0.3306 on June 10.
It remained at the $0.03 price level till its rally today to $0.4101 at press time. BLUR is gaining over 16% in its price in the last 24 hours and its trading volume is up by 1348% showing massive market activity.
BLUR In The Green Today
BLUR is in the green today forming a bullish engulfing pattern on the daily chart. This pattern occurs when a green candle forms after a red candle and is at least 50% larger than the previous red candle.
Also, the candle for today and its upper wick are in the upper region of the Donchian Channel (DC) expressing a bullish sentiment. Also, the Relative Strength Index (RSI) is at 48.80 in the neutral zone between the overbought region of 70 and the oversold region of 30.
However, the RSI indicator is rising hinting at further price increases ahead for the asset. BLUR’s Moving Average Convergence/Divergence (MACD) is above its signal line also confirming the bullish trend.
Also, the Histogram bars are green today confirming the bullish trend despite the MACD’s negative values. BLUR will likely continue to record gains in the short term till the bears regain control.
Injective (INJ)
Injective is a blockchain built to provide users with financial solutions. It is an L1 blockchain that hosts DeFi applications such as lending protocols and decentralized derivatives and spot exchanges.
It uses a fully decentralized orderbook and is compatible with Ethereum, Solana, and IBC-enabled blockchains. Also, its powers a smart contract platform based on CosmWasm using its advanced inter-chain technology.
Currently, the Injective crypto ecosystem hosts over 100 projects and 150,000 community members worldwide. Prominent investors such as Binance are stakeholders in this crypto project.
INJ is the native token of the platform used for protocol governance, Proof-of-Stake (PoS) security, and staking incentives.
Injective offers users feature such as interoperability, cross-chain trading and yield generation, and an environmentally friendly platform. The network is secured with a Tendermint-based Proof-of-Stake (PoS) consensus mechanism.
INJ traded at $7.2881 on June 1, 2023, increasing to $7.9360 on June 3. However, bearish action on its price reduced it to $6.8989 on June 7 dropping it further to $5.6981 on June 10.
It traded between $5 and $6 till it briefly reclaimed the $7.1585 price level on June 21. However, it returned to $6.9754 on June 22 displaying more volatility to date.
It is trading at $7.7167 at press time with a 1.35 increase in its price. However, a drop in its trading volume suggests that the bears might be returning to force a decline based on past price behavior.
INJ Bulls Seize Control Of Its Price Movement
INJ is in an uptrend today forming a third consecutive green candle on the daily chart. It is trading above its 50-day and 200-day SMA, a long and short-term bullish sentiment for the asset.
Notably, its RSI value is 63.47 and rising to the overbought region of 70. This indicates strong buying pressure in the market today.
INJ’s MACD is above its signal line, showing divergence and displaying positive values. It further implies that the bulls are in control of the asset’s price.
The Histogram bars are green showing that the bullish trend will likely continue in the short term as INJ records higher highs on the daily chart.
Arbitrium (ARB)
Arbitrium is a Layer-2 (L2) scaling solution on Ethereum that utilizes optimistic rollups to improve the general performance of the Ethereum blockchain.
Its focal points are speed, cost-efficiency, and scalability. Also, it processes more transactions at a lower cost than Ethereum.
ARB is the native token and serves for on-chain governance. Token holders can vote on proposals to modify features such as fund allocation, elections, and upgrades.
Also, Arbitrium promotes compatibility, scalability, flexibility, and decentralization which are likely the features that attract investors to the project.
Arbitrium depends on Ethereum’s network for its security. The Ethereum network also provides consensus and finality for its transactions.
ARB traded at $1.1470 on June 1, before moving to the $1.2 price level between June 2 and June 4. However, it returned to $1.1 on June 5 until another decline to $0.9927 on June 10.
Notably, it traded at this level till the bulls rallied again on June 19, driving it to $1.0065. Currently, it is at the $1.2 price level with a 5.3% increase in its price in the last 24 hours at press time.
Also, ARB’s trading volume is above 27% showing positive activity among traders in the market today.
ARB Finds Critical Support At 61.8 Fib Level
ARB has confirmed its uptrend, forming a third consecutive green candle on the daily chart. It found critical support at the 61.8% ($1.1) Fibonacci level and is currently trading above the 78.6% (1.2013) Fib level.
Also, the RSI reflects the bullish sentiment with a value of 61.15 close to the overbought region of 70. The indicator is rising and will likely enter the overbought region soon.
ARB’s MACD is above its signal line and shows divergence, a bullish sentiment. Also, its Histogram bars confirm that the bulls are in charge of its price action today and will likely sustain the rally in the short term.
Stellar (XLM)
Stellar is a peer-to-peer network that is decentralized and aims to connect the world’s financial systems efficiently.
It emphasizes fast transactions for its users at a minimal cost. Stellar uses distributed ledger technology to process its payments. Also, it serves as a decentralized exchange and marketplace and helps users overcome high gas fees and slow transaction rates.
Transactions on the network attract a fee of 0.00001 XLM which is affordable for most users. The network is secured with the Stellar Consensus Protocol. XLM or lumens is the crypto asset used for activities within the Stellar ecosystem.
It traded at $0.091 on June 1 and remained in this range till it declined to $0.087 on June 5. The bears continued to mount pressure driving the asset down to $0.079 on June 14.
However, after a volatile phase, it reclaimed the $0.082 price level on June 20. XLM returned to $0.091 on June 24 and currently trades at $0.096.
Stellar In A Major Uptrend Will It Continue Its Rally?
Its gains in the last 24 hours are 5.4% at press time with a 77.37% increase in its trading volume indicating increased market activity.
XLM is in an uptrend today forming highs on the daily chart. The long candle formed implies that many traders entered long positions as the market seems favorable for buy orders.
It is trading above its 50-day and 200-day SMA a short and long-term bullish sentiment for the asset.
Also, its RSI is 70.89 in the overbought region above 70 this is a strong bullish sentiment showing that the buyers are leading the market.
Notably, its MACD is above its signal line and shows divergence, a bullish sentiment. The MACD’s Histogram bars are green and at full strength also confirming the bullish trend.
However, despite the exciting buy signals, the Death Cross formed on June 17, indicates that the rally is close to its end. Judging from past price action, expect a price decline in the long term since the asset is already in the overbought zone.
Immutable (IMX)
Immutable is the first layer-two scaling solution for NFTs on Ethereum’s blockchain. It seeks to resolve issues on Ethereum such as lack of liquidity, and poor user experience among others.
Users benefit from its instant trading feature and massive scalability without paying any gas fees for minting and trading NFTs securely. With this technology, users can create and develop assets such as ERC-20 and ERC-721 tokens massively.
It aims to create a user-friendly platform for developers and users. Notably, it is one of the first layer-two solutions that uses zero-knowledge (zk) rollups with an exclusive focus on NFTs.
It aims to achieve a transaction speed above 9000 transactions-per-second (tps) which will be a landmark achievement.
On this Ethereum L2, operators have the liberty to set their trading fees. It uses STARK proofs to secure its operations on the Ethereum blockchain. IMX is the platform’s utility token. \ It traded at $0.7463 on June 1 increasing to $o.8042 on June 2.
The bears forced a price decline to $0.6103 on June 10 dropping it further to $0.5791 on June 14. IMX returned to $0.6136 on June 15 battling with volatility until it increased to $0.7396 on June 23.
It currently trades at the $0.7447 level today shedding some of its gains due to market volatility. Its trading volume is also unstable at the moment hinting at volatile market conditions. Notably, it is still above yesterday’s closing price of $0.7255.
IMX Stuck In Sideways Trend
IMX is in a sideways trend today, despite forming a green candle on the daily chart. It currently faces stiff resistance at the 23.6% Fibonacci level ($0.801 and a break above this level will continue the uptrend.
Its RSI is at 56.96 in the neutral zone between the overbought region of 70 and the oversold region of 30. A close look at the RSI shows that the indicator is moving upwards hinting at a possible uptrend ahead for the asset.
The Stochastic Oscillator is at 88.79 in the overbought region above 80. It implies that the buyers have taken up most positions in the market today. Despite the current positive outlook, IMX will likely undergo a slight pullback before it continues on its rally.
Launchpad XYZ (LPX)
Launchpad XYZ is an innovative and distinctive Web-3 platform providing extensive training and resources to benefit traders and investors.
The project empowers its users to make informed decisions, minimize losses, and maximize profitability by offering valuable market insights, real-time information, and advanced trading tools.
The platform is equipped with a cutting-edge trading terminal that simplifies navigation through the volatile price fluctuations of the crypto market.
Traders can leverage the live market feed, which displays real-time information on various crypto assets, to gain valuable insights into market trends.
This ensures they stay up-to-date and make well-informed trading decisions, significantly enhancing their chances of success.
Launchpad XYZ also provides a platform for users to create and market products, allowing them to nurture their investment potential and earn rewards within the network.
It is worth noting that a unique feature of Launchpad XYZ is its ability to identify projects with significant potential through forecasts and insights, giving investors a competitive edge.
Users can explore new opportunities and capitalize on emerging trends by staying ahead of the curve. Investors looking for promising prospects will find $LPX, the utility token of Launchpad XYZ, particularly enticing.
The presale has already surpassed $1 million out of a possible $1,550,000, indicating strong growth potential for early investors. Currently valued at $0.0445 per token, the price of $LPX is projected to increase to $0.046 in the next presale stage.
Once officially listed on the market, it is expected to trade at $0.0565. Early investors in $LPX can anticipate a guaranteed return on investment of 26.96% when the token is listed on exchanges.
Investors have convenient options to participate in this lucrative opportunity, as they can purchase $LPX directly or swap it with popular crypto assets such as ETH, BNB, or USDT, providing flexibility and accessibility to a wide range of users.
Deelance (DLANCE)
Deelance is a job marketplace connecting freelancers with employers using secured blockchain technology. It is a timely intervention in the overpopulated freelance recruitment market complete with modern features for their users.
The project focuses on three developmental pillars: Innovative and unbiased recruitment, its NFT marketplace, and the ongoing Metaverse revolution.
Also, DeeLance offers its user’s data protection and privacy using highly encrypted security measures anchored on the blockchain. Notably, it provides a reliable alternative to regular freelance sites and job marketplaces filled with scammers and bot accounts.
Some traditional sites are already overcrowded and put users through intense and expensive processes to apply for jobs with no guarantees.
DeeLance secures payment for its freelancers. It provides Escrow protection for secure payment solutions and protection of freelancers’ funds from scams and hacks.
Sadly, some freelancers lose their payment after completing several demanding tasks with no hope of justice.
The escrow protection ensures that payment is verified and disbursed accurately when the job is complete. When both parties are satisfied.
DeeLance users enjoy quick access to its responsive customer care channels around the clock. Also, withdrawals are easy to process and fast since there are no specific thresholds.
$DLANCE is the platform’s native token for governance and purchases, it empowers its holders to actively participate and take decisions within the ecosystem.
Also, the $DLANCE token finds relevance in its NFT marketplace, for various activities such as office leasing and Metaverse land purchases.
DLANCE presales are ongoing and have exceeded the $1.44 million benchmark showing its massive potential ahead of its listing date
Currently, 1 DLANCE token is valued at $0.043 USDT. However, it will move $0.057 USDT as its official listing price on exchanges with the potential to go even higher based on market and investor sentiments.
These tokens can be purchased or acquired easily. A user can obtain them using ETH, BNB, or USDT at the presale stage.
Ecoterra ($ECOTERRA)
Ecoterra is of the recent meme crypto projects. It aims at the environmental reduction of carbon emissions by employing carbon offsetting schemes.
Ecoterra project hinges on Artificial Intelligence (AI) technology and blockchain to make its vision a reality. With this move, the project positioned itself as a green crypto asset project with a positive impact on humanity.
Notably, the project team created an ecosystem and also a token ($ECOTERRA) for liquidity within the ecosystem. This will help to facilitate and hasten the carbon offsetting process,
Furthermore, the project team also included the Recycle2Earn strategy, to attract both individuals and businesses to its ecosystem. The green crypto project provides a mobile application to make recycling easy and faster. This makes participants get involved fully.
Ecoterra project focuses on the recycling of materials. With the mobile app, participating businesses are required to search for recycled materials on Ecoterra’s AI-powered database.
Interestingly, the businesses that utilize these recycled materials for production will have access to attach Ecoterra’s barcodes to their products.This will attract individuals to patronize those businesses with the hope of getting rewards in the project’s utility token ($ECOTERRA).
So, for individuals to qualify, they need to have the Recycle2Earn mobile app always available, visit a store with a reverse vending machine, scan the utilized product to be discarded, and place it in the vending machine for recycling.
Ecoterra’s Presale Performance
The Ecoterra presales started in May 2023, recording huge success in its launch.
Interestingly, on June 12, 2023, the project team celebrated the achievement of $ECOTERRA on its Twitter handle as it reached an amazing milestone of $5 million.
As of today, June 27, 2023, $ECOTERRA has raised $5,530,861, quite close to its presale benchmark of $5,700,000. Notably, its presale is concluding in 1 day. It is currently selling at $0.00925 at press time.
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