Top Crypto Gainers on September 13 – TON, VET, COMP and MKR

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The broader crypto market’s trading volume has dipped 21% as of 11:33 AM EST on September 13, despite a slight uptick in market capitalization.

In addition, Bitcoin, the largest cryptocurrency by market cap, mirrors the broader market performance, with a 0.30% price increase in the last 24 hours.

Notably, this price appreciation stems from excitement over yesterday’s filing for a spot Bitcoin ETF by Franklin Templeton. This move has sparked the belief that a bull run can still occur.

However, a report from crypto analyst CryptoCon highlights the possibility of bearish movements before the next bull run. But amid all speculation, several tokens responded fast to today’s bullish turn, with some gaining over 9% in the last 24 hours.

Below are today’s top gainers, unveiling some ecosystem events driving their rally.

Toncoin (TON) – TON’s Response to Endorsement from Telegram

https://twitter.com/TonDailyNews/status/1701867810035536046

The popular messaging app Telegram has revealed its support for the TON network, marking it as the blockchain of choice for Web3 infrastructure.

Today, Telegram announced plans to seamlessly integrate the TON network directly into the app’s user interface.

In response to this development, TON’s price recorded more than a 9% surge at 11:45 AM EST, trading at $1.90.

This is also reflected in the coin’s trading volume, which has surged over 96%.

Toncoin Nears Critical Resistance Level – Might Bears Step in Early?

TON/USDT Daily Price Chart | Tradingview

TON’s price surge slows as the asset nears the $1.99 resistance. This situation is evident in the MACD indicator, now a few pips below the signal line, suggesting a decline in buying strength.

The relative strength index has dropped to 64, confirming the dwindling bullish momentum.

Nonetheless, TON is still above the critical moving average (MA), indicating bullish in the short and long term.

With the 200-day Moving Average supporting the coin, TON could hit significant price levels shortly. However, the coin may struggle to make notable rallies in the coming days and weeks since it’s a few pips below its critical resistance.

Vechain ($VET) – Potential Coinbase Listing Drive Up Price

Great to hear that our native assets, VET and VTHO, will soon be tradable on the world's only publicly listed crypto exchange – Coinbase – boasting 100 Million users globally.

As well as offering a secure and trusted custodian for both institutions and individuals, this listing… pic.twitter.com/JiNxeMPJB9

— vechain (@vechainofficial) September 13, 2023

Vechain token VET recorded significant gains today, which places it on the top-gainers list today on CoinMarketCap’s ranking.

The token is trading at $0.01645, representing an increase of 10% as of 11:47 AM EST on September 13.

One of the factors driving VET’s price up is the speculation of Coinbase listing the token on their exchange.

According to a September 13 tweet, the token will list on the crypto exchange soon, a feat that potentially increases the possibility of massive growth in the long run.

This news has influenced VET’s price, pushing it above the $0.0158 resistance level.

VET Breaks $0.0158 Level with Red Candle Stick Formation – Where are the Bulls?

VET is in an uptrend on the daily chart, forming a full green candle as the buyers begin to rally, creating a positive sentiment in the market.

It found support at $0.058, the previous resistance level, approaching the next key point ($0.0167) as buying pressure increases. A break above this level could send VET into the overbought region.

Based on the technical indicator, the coin is heading toward the upper BB indicator, suggesting bullish current momentum.

Also, the Moving Average Convergence/Divergence (MACD) is above the signal line, supporting the bullish momentum in the market.

The Relative Strength Index (RSI) is at 55, nearing the overbought level. Considering the analysis, VETUSD is exhibiting bullish sentiment, and the price may continue upward if buyers maintain this pressure.

Compound (COMP) Surges Following Recent Integration

The native USDC market on @arbitrum is live on Compound.

Users can transfer native USDC from the Arbitrum market to different chains via @circle Cross-Chain Transfer Protocol (CCTP), without needing to bridge back to Ethereum.

View the new market:https://t.co/9yObhMLsMP

— Compound Labs (@compoundfinance) September 6, 2023

Compound token (COMP) is in an uptrend today following slightly positive sentiment in the crypto market. Based on CoinMarketCap, the coin is up by 11%, trading for $41 at 12:42 AM EST.

This price increase could be hinged on the recent integration of USDC with the Compound ecosystem.

On September 6, Compound Labs recently announced the connection of the USDC market on Arbitrum through the COMP network. This is great news for users since it gives them more flexibility in handling their assets.

Compound Analysis – Will COMP Hit the Next Resistance Level?

COMPUSDT Daily Chart. Source: TradingView

COMPUSDT is above the Moving Average indicator, indicating positive market momentum and potential upward movement in the short term.

The MACD’s histogram bars show bold green, indicating strong bullish momentum today.

Also, the RSI is moving from 43, indicating COMP’s potential to reach the overbought territory if the momentum is sustained. If that happens, COMP will likely hit more price gains in the coming days, approaching the next resistance level at $56.

Maker (MKR) Governance Token of the Maker DAO and Protocol

By backing @ethereum_sg, our goal is to foster the growth of SparkDAO, Spark Protocol, and the upcoming SubDAOs by rewarding innovative contributions. https://t.co/0uEirWwZo1

— Maker (@MakerDAO) September 8, 2023

In a September 8 tweet, the Maker DAO announced a collaboration with Ethereum_sg and Phoenixlabsdev to provide opportunities for builders who work at the SparkDAO.

This collaboration intends to foster the growth of the Spark protocol and the upcoming SubDAOs by rewarding users and builders with innovative contributions.

Following this news, there have been significant price changes for Maker (MKR). Today, September 13, at 11:50 AM EST, MKR is trading at $1,160, up 5% in the last 24 hours.

MKR Bulls Show Dominance On Daily Chart – Can They Prevail?

MKR/USDT Daily Chart Source: Tradingview

From the chart above, MKR trades above the 50-day Simple Moving Average (SMA), which indicates a bullish price momentum for the asset.

Also, the Moving Average Convergence/Divergence is above the signal line with green histogram bars, supporting MKR’s ongoing bullish price movement.

The Relative Strength Index (RSI) moved up to 62.98, suggesting that MKR is relatively neutral and is approaching the overbought zone, possibly indicating more uptick in the coming days.

While the assets above show significant increases due to several positive updates, some revolutionary new projects, including Wall Street Memes (WSM) and yPredict (YPRED), are making waves.

Community-Conscious Meme Crypto – Wall Street Memes Set to List in 13 Days – Last Chance to Buy

One of the hottest projects in 2023, Wall Street Memes (WSM), has revealed its upcoming tier 1 exchange listing in the next 13 days.

This listing will create more liquidity for $WSM, making it available to a broader audience in the crypto market.

As a community-conscious project, Wall Street Memes offers a final opportunity for interested investors seeking to be part of this high-growth potential asset. As such, the $WSM token is now priced at $0.0337 and will hit tier 1 exchanges at this same price.

$WSM – a Token with High-Growth Potential

Wall Street Memes harness the power of memes and internet humor to attract a wide range of audiences to the project. By engaging consistently with memes about finance and other financial topics, the project’s community could grow beyond 1 million in the long run, comprising meme lovers and crypto enthusiasts.

I was losing money fast due to bad advice but now I've bought a second monitor I'm losing money twice as fast pic.twitter.com/MFR30xkPcs

— Wall Street Memes (@wallstmemes) September 12, 2023

By gaining members who fully support the entire movements and plans of the project, Wall Street Memes could remain on a steady upward trajectory when it hits several exchanges.

Again, Wall Street Memes features a unique stake-to-earn model where users who stake their $WSM tokens are entitled to enticing APY rewards. As a project with massive support, the stake dashboard already records over 320 million $WSM staked.