Join Our Telegram channel to stay up to date on breaking news coverage
In the latest market update, major cryptocurrencies are seeing notable shifts, with Bitcoin down 1.1% to $62,672, Ethereum falling 3.8% to $3,013, and Solana dropping 6.8% to $151.3. Despite this, the market shows intriguing shifts. Large transaction volumes have decreased by 23.6%, while daily active addresses have increased by 2.8%.
Additionally, netflows on exchanges have surged by 433.8%. In significant moves, a Bitcoin whale purchased $716.8 million worth of BTC, and Genesis transferred $1.5 billion in BTC and ETH. Analysts are keeping a close watch, with predictions suggesting Bitcoin could rebound, potentially reaching between $59,000 and $100,000 by early November.
Biggest Crypto Gainers Today – Top List
Despite the prevailing market downturn, several cryptocurrencies are bucking the trend with notable gains. Aelf has surged 18.41% in the last 24 hours, showcasing its potential with innovations like side chains and a unique governance system. Aragon has seen a 3.73% increase, driven by its recent integration with ZKsync for more efficient DAO management.
Meanwhile, AirDAO and Golem have also posted gains of 3.28% and 1.71%, respectively, reflecting their growing traction in the DeFi and computational markets. Get the full scoop on these top gainers and see how their recent gains could play a role in your investment planning.
1. Aelf (ELF)
Aelf is a customizable operating system (OS) designed specifically for blockchains. Aiming to be the “Linux system” of the blockchain community, Aelf addresses limitations in current technology. It introduces two key innovations: side chains and a unique governance system. Aelf uses a main chain alongside multiple side chains to enhance scalability and performance. Consequently, each side chain manages specific smart contracts and communicates through the main chain.
In addition, Aelf employs a Delegated Proof-of-Stake (DPoS) consensus protocol. Token holders vote for mining nodes, which then manage mining rewards and network operations. Excitingly, Aelf recently partnered with Chain GPT. They launched an exclusive campaign on Zealy from July 31 to August 14, where participants can win $ELF and $CGPT by completing various tasks.
When it comes to recent performance in the crypto market, ELF has taken the lead with an impressive 18.41% surge over the last 24 hours. Priced at $0.425296, Aelf exhibits strong liquidity with a volume-to-market cap ratio of 0.4108, indicating active trading activity. Despite its substantial gain, it is currently trading 20.61% below its 200-day SMA, suggesting room for potential recovery.
💥Don't miss out on our Zealy campaign with @Chain_GPT! 10 lucky winners will share a prize pool of 1,000 $ELF & 2,500 $CGPT. Join the fun and grab your chance to win!🎉
🗓️31 July – 14 August
🔗https://t.co/TLul33Ll72 https://t.co/KX3xtnSM0j pic.twitter.com/6F3cx5folR— ælf (@aelfblockchain) August 1, 2024
The 14-day RSI at 31.40 shows that the cryptocurrency is neutral, possibly setting the stage for sideways movement. However, with only 11 green days in the last month, ELF’s price volatility remains low at 6%, reflecting stable price behaviour. Over the past year, the token has risen by 50%, outperforming nearly half of the top 100 crypto assets by market cap.
2. Aragon (ANT)
Aragon is an open-source platform designed for creating DAOs using AragonOS, a smart contract framework. It aims to enhance the flexibility and efficiency of DAO operations while reducing transaction costs with the Aragon Chain. Additionally, ANT is utilized for payments, network services, and governance, serving as a central tool in network governance. Furthermore, Aragon’s security is grounded in decentralization and automated consensus.
Recently, Aragon OSx and App went live on ZKsync, which allows projects within the ZKsync ecosystem to launch and manage DAOs more efficiently. This integration offers scalable, secure, and low-cost governance solutions through ZKsync’s Elastic Chain. As a result, DAOs benefit from affordable voting, enhanced user experience, and robust security. Consequently, this increased efficiency and accessibility of Aragon’s ecosystem could potentially boost the value and utility of the ANT token.
Aragon OSx and App are now live on @zksync!
Govern your protocol and assets on the elastic chain with our next-generation DAO framework.
Modular. Secure. Adaptable.https://t.co/ux0SJQi2AH
— Aragon 🦅 (@AragonProject) July 30, 2024
Currently, ANT has experienced a 3.73% increase in the past 24 hours, with its price now at $8.31. Aragon’s market dynamics are characterized by high liquidity, with a volume-to-market cap ratio of 0.0424. The token is trading 33.41% above its 200-day SMA, indicating a bullish trend, while the 14-day RSI at 44.76 suggests neutral market sentiment. In the past month, Aragon has recorded 13 green days, and with volatility at a low 7%, this indicates stable price movements. Also, over the past year, Aragon’s price has appreciated by 52%, positioning it as a strong performer among the top 100 crypto assets.
3. PlayDoge (PLAY)
PlayDoge is grabbing attention in the mobile gaming industry with its unique play-to-earn (P2E) model. The project has allocated a significant portion of its 9.4 billion $PLAY tokens to various key areas, making it a noteworthy opportunity. For instance, 50% of the total supply, equating to 4.7 billion tokens, is dedicated to the presale. This phase is crucial, with $5,943,751.68 already raised out of a $6,528,944 target. The presale price stands at an attractive $0.00525 per token, offering early investors a chance to secure a stake at a favourable rate.
https://twitter.com/PlayDogeGame/status/1819354484608282916
In addition to the presale, PlayDoge has set aside 6.5% of its total tokens, or 611 million, for community rewards. This allocation aims to incentivize engagement and build a loyal user base. Furthermore, 11.5% of the tokens, amounting to 1.081 billion, will be used for liquidity, ensuring the stability and smooth operation of the platform. Marketing and project funds each receive 10% of the total supply, translating to 940 million tokens per category, to support promotional efforts and project development.
The PlayDoge ecosystem also emphasizes the importance of staking, with 12% of the total supply, or 1.128 billion tokens, allocated for this purpose. This allocation rewards loyal participants and contributes to the overall security and functionality of the network. With a current countdown of less than 1 day until the price increase, potential investors are encouraged to act swiftly to capitalize on this opportunity.
4. AirDAO (AMB)
AirDAO is a unique platform in the blockchain and DeFi sectors. As a layer-one blockchain governed by a DAO, it brings a fresh approach to decentralization. This model distributes control among the global community, ensuring transparency and collective decision-making. Its mission is to simplify DeFi access and make the crypto ecosystem more user-friendly. Its ecosystem includes user-friendly dApps for asset swapping, staking, and cross-chain transfers. The platform also emphasizes community engagement through initiatives like the Ambassador Program, fostering growth and responsiveness.
To ensure security, AirDAO utilizes a multi-layered approach. The DAO governance model decentralizes control, reducing the risk of malicious actions. It uses trusted hardware wallets and two-factor authentication (2FA) to protect private keys and secure transactions. These measures ensure the safety of the AMB-NET blockchain and its dApps, making Web3 secure and accessible.
Analyzing its market outlook, AMB experienced a 3.28% rise in the last 24 hours, with a current price of $0.009641. Notably, it boasts exceptionally high liquidity, as indicated by its volume-to-market cap ratio of 80.1182. The token is trading 6.85% above its 200-day SMA, reflecting a steady upward trajectory. Also, the 14-day RSI stands at 45.42, suggesting neutral market sentiment. In the past 30 days, it has recorded 17 green days, or 57% of the time, with a volatility of 12%, indicating stable price movements. Additionally, over the past year, AirDAO’s price has surged by 52%, outpacing a significant portion of the top 100 crypto assets by market cap.
5. Golem (GLM)
Golem is a blockchain platform that decentralizes the buying and selling of computational power. It supports tasks like AI, mining, and CGI rendering. It enables users to control resources without central authorities and earn GLM tokens by selling excess power. By creating a peer-to-peer market and splitting tasks into smaller portions, Golem increases efficiency and reduces costs compared to traditional services.
Moreover, it connects buyers (Requestors) and sellers (Providers) by processing computational requests and dividing tasks for efficiency. Requestors then submit task templates for fast and cost-effective completion. Consequently, the platform’s decentralized approach significantly enhances cloud computing efficiency. Additionally, security is upheld through a reputation system that rates users to detect malicious nodes. Golem also relies on Ethereum’s consensus mechanism to ensure secure operations.
Accessing the Golem Network #GPU and #CPU resources, made easy. Learn how! 👇
🔗 https://t.co/OpNUoz0MhZ#AI #API $GLM pic.twitter.com/JOHxyXJlGM
— Golem Network (@golemproject) July 22, 2024
GLM stands out as the last top gainer, with a 1.71% increase, bringing its price to $0.308189. Its liquidity is robust, with a volume-to-market cap ratio of 0.7444, signifying healthy trading volume. The token is notably trading 42.58% above its 200-day SMA, indicating strong upward momentum. Its 14-day RSI is at 60.10, placing it in a neutral zone with potential for further sideways trading. Golem has had 15 green days in the past 30, demonstrating a 50% rate of positive trading days. The 30-day volatility is low at 7%, suggesting consistent price action. Over the past year, Golem’s price has increased by 49%, matching the performance of many leading crypto assets.
Read More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
Join Our Telegram channel to stay up to date on breaking news coverage
