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The crypto market has a more positive outlook as market leader Bitcoin approaches the $27,000 price level.
Based on BTC’s dominance in the crypto market, other altcoins are only gaining today. However, some tokens currently exceed BTC’s performance since they have a minimal correlation to it.
The top gainers in the last 24 hours are probably driven by different activities and innovations within their ecosystem.
Ultimately, utility and investor sentiment are vital to a token’s price. Stacks (STX), Optimism (OP), Render Token (RNDR), and DASH are the top gainers today, with interesting facts about their ecosystem.
Notably, exciting presales such as Wall Street Memes, Ecoterra, yPredict, and Launchpad XYZ also reward investors, creating another channel for earning returns despite market uncertainty.
Stacks (STX)
Stacks is a Bitcoin layer for smart contracts and decentralized applications. It enables users to use smart contracts and DApps to settle transactions on the Bitcoin blockchain. The stacks layer unlocks $500 billion in BTC capital with Bitcoin L1 as its settlement layer.
It uses a Proof of Transfer consensus mechanism with Clarity language to read from Bitcoin while securing its network with Bitcoin hash power. The STX token is mined using Bitcoin as a base currency, thus benefitting from its security.
Currently, STX is trading at $0.6364, an 11.735 increase in its price in 24 hours. Also, its trading volume is up by over 349%, signaling a bullish trend for the token today.
STX traded at $0.5976 on June 1, rising to $0.6141 on June 2. It retained that price level till the bears returned to drop its price to $0.5444 on June 5.
However, by June 7, it returned to $0.6429 before another drop on June 10 to $0.5521. STX dropped further on June 14 to $0.4882 before it rallied again to $0.5395 on June 15. It has returned to the $0.6 price level and might test the $0.7 level soon.
Bulls In Control Today
STX is in an uptrend today, forming a green candle with a higher high on the daily chart. It is trading above its 50-day and 200-day Simple Moving Averages (SMA), a bullish sentiment for the token in the short and long term.
Also, its Relative Strength Index (RSI) is 57.53 in the neutral zone rising as it approaches the overbought region of 70. This is a bullish sentiment. STX’s Moving Average Convergence/Divergence (MACD) is above its signal line, confirming the bullish trend.
Despite the MACD’s negative values hinting at the presence of the bears, its Histogram bars are green, showing the positive price moves. The indicators show that STX will likely continue to build on its gains in the coming weeks.
Optimism (OP)
Optimism is a layer-2 (L2) blockchain built on Ethereum that benefits from the security on its mainnet. Also, it helps to scale the Ethereum ecosystem with optimistic rollups.
It is one of the largest scaling solutions on Ethereum, with over $500 million in TVL. Also, it houses over 97 different protocols with Synthetix (SNX), a derivatives exchange, the largest alongside Uniswap.
Currently, the native token OP is trading at $1.17, a 6.22% increase in its price in 24 hours. Also, its trading volume is up by over 137.05%, probably driving its current price gains. Optimism (OP) has maintained the $1 price level with fluctuations since June 1, 2023, till date.
OP Moving Into An Uptrend After Finding Critical Support
OP is in the green today, forming a second consecutive green candle on the daily chart. It found critical support at the 23.6% ($0.881) Fibonacci level and faces resistance at the 38.2% ($1.261) Fib level.
Also, its Relative Strength Index (RSI) is 38.07, rising to the neutral zone. It also reflects the prevalent bullish pressure today. Notably, the Stochastic Oscillator is at 46.474 between the overbought region of 80 and the oversold region of 20.
However, the Stochastic Oscillator is rising, suggesting a potential move to the overbought zone. OP will likely continue its rally in the short term before consolidation or retracement.
Render Token (RNDR)
Render Token is a distributed GPU rendering network that operates on Ethereum. It links artists and studios that need GPU power with miners willing to rent their GPU power out.
RNDR is the native token of this ecosystem; it is an ERC-20 token utilized by artists on the network to acquire GPU power from node operators. RNDR is gaining almost 1% on its price, with a 1.8% increase in its trading volume in the last 24 hours.
RNDR traded at $2.49 on June 1; it maintained this price level with slight variations till it dropped to $1.90 on June 10. The bears moved it to $1.81 on June 14 before it rallied back to $2.08 on June 17. Currently, it is at the $1.97 price level and will likely continue to hold its gains.
Bears Currently Dropping RNDR’s Price
RNDR is facing price volatility today. Despite its recent surge, its gains today are minimal, and a red candle is forming on the daily chart. It is trading above its 200-day SMA, hinting at a long-term bullish sentiment for the asset.
However, it is still below its 50-day SMA, bearish sentiment in the short term. RNDR is also trading in the lower region of the Donchian Channel (DC), a bearish sentiment for the token.
Notably, its RSI is 44.24 in the neutral zone above the oversold region of 30 and not close to the overbought region of 70. However, the RSI is moving downward, hinting at further price decreases. RNDR will likely drop in the short term before it rallies again to $2.
Dash (DASH)
Dash is an open-source blockchain focused on fast and affordable payments globally. It is decentralized and seeks to improve Bitcoin by offering users more privacy and swift transactions.
Dash, also known as digital cash, operates with masternodes and decentralized project governance. It also has InstantSend that allows instantly settled payments and Chainlocks that make it blockchain instantly immutable.
Also, its PrivateSend provides additional optional privacy for users’ transactions. Dash hopes to become the most user-friendly and scalable payment crypto project worldwide.
DASH tokens power activities on its blockchain and within its ecosystem. Currently, DASH is trading at $31.86, a 4.68% increase for the token in the last 24 hours. Also, its trading volume is up by 74.76%.
DASH traded at $41.87 on June 1, declining to $29.90 on June 10. However, it rallied to $30.64 on June 16. DASH is trading at $31 at press time.
DASH Finds Support At The 23.6% Fib Level
DASH is in the green today, forming a second consecutive green candle on the daily chart. It found critical support at the 23.6% Fibonacci Level ($29.82), arresting further price slump for the token.
Currently. It seeks to rally to the 38.2% Fib level ($32.82) to move into an uptrend. Notably, its RSI value is 36.11, close to the oversold region of 30.
However, the RSI is moving upwards, expressing a bullish sentiment for the token. DASH’s MACD, despite its current negative value, is slightly above its signal line, also a bullish sentiment.
The Histogram bar for today is green, also confirming the bullish trend. Dash will likely rally to the $32 price level soon if the bulls sustain their rally.
Wall Street Memes (WSM)
Wall Street Memes is a memecoin project that celebrates the victory of the common masses over a capitalist society.
It celebrates the wealth of commoners achieved through the acquisition of memecoins, potentially worthless tokens. However, memecoin has surprisingly rewarded investors nicely in 2023.
Currently, the crypto community has a growing interest in memecoin projects. This interest led to $WSM token creation, reflecting a community-focused approach for users to earn while trading memes.
WSM is backed by Gordon Gekko’s mantra from the 80s that greed is good. Therefore, investors believe that WSM tokens will eventually yield a massive return on investment.
Currently, 1 $WSM is worth $0.00298, raising over|$8.86 million in this presale stage. This confirms the rising interest in the token and a firm belief in its potential to succeed.
In a season of market uncertainty, investors are diversifying promising projects due to the feat of missing out on a potential price surge. Notably, regulatory pressure on altcoins seems to favor the memecoin rally, although the utility is also a strong point for any project.
Currently, Wall Street Memes Airdrop is live in the crypto community. This airdrop aims to give back to the community after they complete some outlined tasks.
Wall Street Memes will reward 5 winners with $50,000 worth of $WSM tokens. Each of the winners receives $10,000 $WSM tokens. Participants must follow WSM social media accounts, buy $WSM and submit proof of purchase of these tokens with other tasks to qualify.
Ecoterra (ECOTERRA)
Ecoterra is an Earth-saving cryptocurrency project promoting bio-friendly initiatives and protecting the environment from the dangerous effects of pollution.
Waste is a global issue and indiscriminate dumping of refuse leads to further problems and health complications. Ecoterra’s Recycle-to-Earn (R2E) initiative aims to provide a lasting solution to this pollution pandemic. It operates a reward-based system to encourage its users to contribute to recycling activities.
Also, Ecoterra aims to reduce carbon emissions in the environment. Its carbon offset system addresses this issue and rewards users with $ECOTERRA tokens for carbon offsets. According to the roadmap, there are plans to launch an app to monitor recycling activities and distribute rewards.
ECOTERRA’s presale is in its last stage, concluding on June 29, 2023. These ECOTERRA tokens are available for purchase with bank cards, ETH or USDT. For ETH and USDT purchases, a user must possess a crypto wallet.
Notably, $ECOTERRA is above the $5.2 million benchmark, close to its $5.7 million goal. Investors must act fast since the presales will end in a few days when it lists on exchanges.
Currently, each token is worth $$0.00925, and it will increase to $0.01 after its listing. Ecoterra’s environmental relevance makes it a project critical for a green and healthy future and environment.
It is a highly secured project, properly audited by CertiK. CertiK is a recognized blockchain security platform that audits and certifies crypto projects.
yPredict (YPRED)
yPredict is a trading platform that gives traders and crypto enthusiasts an advantage over the large players in the market. It is a crypto analytics and prediction platform built on advanced Artificial Intelligence (AI) technology.
This AI gives crypto traders an advantage and access to vital market data and statistics for better trade decisions. yPredict is a traders’ haven providing modern signals and insights powered by AI technology. The insights include technical and fundamental analysis, which is a big deal for traders, especially new traders.
yPredict’s Artificial Intelligence powered platform gives users an advantage over the institutional investors and trading robots who monopolize the markets. Also, it operates a decentralized governance model giving users access to voting in its community with YPRED tokens.
Notably, its ultra-modern marketplace is a vital tool where traders access stats on a coin or token’s progress and assess its potential before investing.
yPredict Learn-to-Earn (L2E) platform is a beneficial tool where users can earn tokens for participating in educational activities. Participants who complete the modules earn YPRED tokens as their rewards.
Also, staking is supported within its ecosystem as an earning avenue for passive income. Staking also limits inflation in YPRED’s total circulating supply, likely boosting its price.
Notably, yPredict has the unparalleled ability to recognize over 25 unique chart patterns, giving investors the advantage to make profitable decisions easily.
The YPRED presale is ongoing and is successful, with statistics to back the claim. The presale is at the $2.5 million milestone and rising daily.
The presale is at the sixth stage, and each token is valued at $0.09. YPRED’s official listing price is $0.12 after the presales, thus rewarding initial investors.
Launchpad XYZ (LPX)
Launchpad XYZ is a modern and unique Web-3 platform for the benefit of traders and investors. It provides them with quality training and extensive materials to maximize profit while taking advantage of insights.
Also, Launchpad grants traders’ access to market insights, news events, and other relevant trading and investment information. This equips traders to make the best trading decisions and reduce potential losses while boosting profitability.
The platform has a live market feed displaying multiple crypto assets in real-time. Also, its swift modern trading terminal gives users a hedge against the volatile price swings of the crypto market.
Launchpad gives users access to learn and understand the Web3 ecosystem with in-its forecasts and insights. It identifies projects with massive potential giving investors an advantage. Additionally, Launchpad users earn by creating and marketing products on its network for rewards.
Its presale for LPX (its utility token) is progressing. Currently, the presales are above the $1 million mark as more investors seize early advantage of its price.
Currently, one LPX token is worth $0.0445. However, the price will rise to $0.046 in the next presale stage. LPX’s official listing price is $0.0565 when it trades in the general market.
Early investors will earn a guaranteed 26.96% return on their investment when this token eventually lists on exchanges. LPX supports direct card purchases or swapping with ETH, BNB, or USDT.
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