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In the fast-paced world of cryptocurrency, spotting the top gainers reveals the market’s heartbeat. This article takes you on a journey through the top tokens of today, unveiling their unique technological innovations and how they tackle scalability challenges. We dive into their recent price surges, liquidity levels, and the support they’re garnering in the market. With a keen eye on volatility and long-term performance, we paint a vivid picture of which tokens are capturing the spotlight and why they deserve your attention. Join us as we uncover the gems driving the next wave of crypto success.
Biggest Crypto Gainers Today – Top List
Today’s featured tokens reflect a blend of advanced technology and strategic growth. Cronos steals the show with its impressive 13.57% surge, fueled by the upcoming zkEVM launch. QuarkChain follows closely with a 9.30% increase, thanks to its groundbreaking scalability solutions. Theta Fuel stands out with a solid 6.51% rise, driven by its crucial role in the Theta network. Meanwhile, Quant shows a steady 3.24% gain, showcasing its prowess in blockchain interoperability. Let’s explore the details to discover what’s propelling these stars and how they might impact your investment strategy.
1. Cronos (CRO)
Cronos is the native token of the Cronos Chain, a decentralized blockchain developed by Crypto.com. This blockchain supports Crypto.com’s mission to boost global crypto adoption, giving users more control over their money, data, and identities. It powers the Crypto.com Pay app, providing rewards, settling transaction fees, and earning cashback, making it central to the ecosystem.
Additionally, users can earn rewards by staking CRO on the App and enjoy up to 12% annual interest by staking on the Exchange or using the Visa Card. Furthermore, built on Ethereum’s blockchain with the Ethash function, CRO is secure.
Moreover, the Cronos zkEVM public mainnet is set to launch on August 15, introducing a scalable and cost-efficient zero-knowledge proof system. This new development will enhance the ecosystem’s capabilities by leveraging the zkCRO token and supporting gasless transactions.
In light of this, Cronos has also been in the spotlight, climbing 13.57% recently, a sign of growing interest. Though its liquidity ratio is lower at 0.0526, the token doesn’t lack support. The RSI of 48.53 paints a picture of a market that could go either way, yet sideways movement might be the most likely scenario.
The Cronos zkEVM public mainnet (alpha) launch date is targeted for August 15.
Cronos' newest, future-proof blockchain network is almost ready to go live. On Aug 15, users will be able to connect their wallet, bridge funds, and use a large and growing number of dapps.
What are… https://t.co/aYOdM7FKAS pic.twitter.com/UM3zPWJfO3
— Cronos (@cronos_chain) August 8, 2024
Over 30 days, Cronos had only 12 green days, indicating a more volatile sentiment than QuarkChain. Still, its low 6% volatility and the fact that it’s trading 1.82% above the 200-day SMA suggest a steady hand in the market. What’s truly impressive, however, is its long-term performance. With a 65% increase over the last year, Cronos has outshined Quant and QuarkChain, making it a strong contender.
2. QuarkChain (QKC)
QuarkChain is a high-throughput blockchain designed to solve scalability issues. By leveraging sharding technology, it aims to achieve over 100,000 on-chain transactions per second (TPS). Consequently, it stands out as a competitive solution for global commercial standards.
Additionally, QuarkChain’s multi-chain hybrid architecture supports various consensus mechanisms. This includes Proof of Work (PoW) and Proof of Stake and Work (PoSW), and it is compatible with the Ethereum Virtual Machine (EVM). As a result, developers can easily deploy DApps created for Ethereum. Moreover, QuarkChain plans to incorporate more virtual machines, such as the EOS VM, offering even more options.
On the security front, continuous updates and smart contract audits are performed to address potential vulnerabilities. Furthermore, QuarkChain supports hardware wallets, providing additional security for offline token storage. Therefore, users benefit from a robust and secure blockchain ecosystem.
QuarkChain's new vision, 'World Supercomputer,' boosts on-chain storage and computing! This is more than just an idea—we'll share details and development results soon. Public events and milestone reveals are on the way. Stay tuned! #QuarkChain #WorldSupercomputer #WSC pic.twitter.com/l15Du0wtUI
— QuarkChain (@Quark_Chain) July 3, 2024
QuarkChain has been making waves, with its price jumping 9.30% in the last 24 hours. This surge is backed by strong liquidity, reflected in a healthy 2.4416 market cap-to-volume ratio. Interestingly, while the RSI of 40.82 suggests a neutral stance, there’s a sense that QKC might be gearing up for sideways movement. However, with 17 green days out of the last 30, QuarkChain seems to have found some solid footing.
Its low volatility of 14% adds to this stability, and the fact that it’s trading 12.18% above the 200-day SMA hints at further potential in the short term. Long-term, QKC has grown by 28% over the past year, which, although promising, doesn’t quite match the gains of other tokens like Theta Fuel.
3. Base Dawgz (DAWGZ)
Following the analysis of the top four gainers, let’s take a quick detour to Base Dawgz, a rising star in the meme coin space. Recently, Base Dawgz has made headlines by raising $2.8 million in its presale, riding the wave of Base’s impressive 56% growth in July. This Shiba Inu-themed token has seen its presale price soar by 60.5%, showcasing its potential for significant gains.
Congrats on passing 2.8 million $DAWGZ 🥳
We’re getting closer. And hopefully we can give you an update next week 🤝 pic.twitter.com/mRvjOMwD6F
— Base Dawgz (@BaseDawgz) August 3, 2024
The project stands out with its multi-chain capabilities, leveraging Ethereum, Solana, Avalanche, and BSC to enhance its functionality. Thanks to Wormhole and Portal Bridge Technology, Base Dawgz inherits the strengths of each blockchain, from Ethereum’s security to Solana’s speed. This broad compatibility positions $DAWGZ as a versatile and potentially high-return investment.
Additionally, the project is capitalizing on its growing community with incentives like staking rewards and a “Refer and Earn” program. With a 909% annual percentage yield (APY) on staking, Base Dawgz offers high returns and fosters active participation among its users. The excitement around its launch and these rewards could further propel its growth as it continues to expand its reach. As the project gains momentum and the presale price continues to climb, now is the ideal time to get in on the action and potentially reap substantial rewards.
4. Theta Fuel (TFUEL)
Theta Fuel is essential within the Theta blockchain ecosystem, serving several vital functions. First and foremost, it acts as the network’s operational token. TFUEL facilitates transactions, processes smart contracts, and powers decentralized video services. In addition, users can stake TFUEL to earn rewards, thereby contributing to the network’s security and efficiency. Furthermore, TFUEL is used to pay for video streams and services. This creates a transparent economic model between content creators and consumers.
Moreover, the Theta blockchain features a dual-network structure. The Theta Blockchain manages payments, rewards, and staking, while the Theta Edge Network handles compute, storage, and delivery tasks. Consequently, TFUEL supports video streaming, AI tasks, and other data-intensive operations. With major global companies overseeing the network, it’s evident that TFUEL is crucial for advancing decentralized media and content delivery.
As part of ongoing efforts to increase Edge Node earnings, we’re looking at an option to auto-stake locked TFUEL in Elite Booster nodes. This could add 3-4% to a node's APY, in addition to Booster job rewards for AI/GPU jobs! If added, target would be Q4 2024 for this to go live. pic.twitter.com/sCcPMu3zCt
— Theta Network (@Theta_Network) August 7, 2024
Theta Fuel has been quietly climbing, with a 6.51% price increase that reflects solid interest. Its medium liquidity, with a 0.0292 ratio, indicates steady market support. The RSI of 56.41 hints at a neutral stance, suggesting that the token might continue trading sideways, much like Quant.
With only 12 green days in the last 30, Theta Fuel is in a cautious phase, yet its low 11% volatility adds a layer of stability. However, its impressive position above the 200-day SMA stands out, trading 44.35% higher. This strong short-term outlook is further supported by a 48% increase over the past year, placing TFuel ahead of QNT and QKC in both short and long-term prospects.
5. Quant (QNT)
Quant launched in June 2018 with a groundbreaking mission: to connect blockchains globally without compromising efficiency. To achieve this, it introduced Overledger, the first-ever blockchain operating system designed to solve the interoperability problem. It aims to create a unified digital economy by bridging the gaps between blockchains. Moreover, through Overledger, developers can build multi-chain applications (MApps). However, to do so, they must hold QNT tokens, making CRO essential to the ecosystem.
What truly sets Quant apart is its ability to connect various blockchains, a feat few projects can achieve. Overledger acts as a gateway, enabling seamless interaction not only between blockchains but also within the same ecosystem, like Ethereum.
Additionally, Quant introduces layers for transactions, messaging, and app interactions, further enhancing its overall functionality. Importantly, Overledger ensures security by maintaining communication between DLT networks and upholding accountability with a proof-of-stake-like system.
Last month, the Quant team attended the @EBA_Association's annual summit for leading #payments and #transactionbanking executives. Read a full summary of the session here: https://t.co/9Nz8ensGfU
— Quant (@quant_network) July 30, 2024
Unlike other top gainers, Quant has seen a more modest rise of 3.24%, yet it holds its ground with a solid 0.0322 liquidity ratio. The RSI at 55.50 suggests the market is neutral, and Quant might continue to trade sideways. Interestingly, with 15 green days in the last 30, Quant has maintained a balanced stance, though its 8% volatility shows some consistency.
However, it’s currently trading 40.96% below its 200-day SMA, a signal that it may face challenges ahead. Over the past year, Quant has struggled, with its price decreasing by 35%. This performance is notably weaker than Theta Fuel and Cronos, which have shown significant growth.
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