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In the fast-moving crypto market, top gainers present opportunities for all investors. Short-term traders can capitalize on quick price swings and volatility for immediate profits. Meanwhile, long-term investors can focus on the growth potential and technology behind these assets. This article addresses both types of strategies, offering insights to help you align your approach with your investment goals. By understanding these dynamics, you can make informed decisions whether you seek rapid returns or aim to build a robust portfolio.
Biggest Crypto Gainers Today – Top List
Let us explore today’s top crypto gainers and see how they cater to both short-term traders and long-term investors! BitTorrent stands out with a 10.45% surge, showcasing its potential for swift gains through innovative peer-to-peer solutions. Avalanche is catching the eye with a 5.54% rise, fueled by its new digital dollar integration and exceptional scalability. JUST offers stability with a 5.27% increase and low volatility, perfect for those valuing steady performance. Meanwhile, Cardano is gearing up for long-term success with its upcoming Chang hard fork and a 4.16% price rise, positioning itself as a leader in decentralized governance.
1. BitTorrent (New) (BTT)
BitTorrent (New), a prominent player in the peer-to-peer (P2P) file sharing and torrenting space is catching attention today. Its price surged by 10.45% in the last 24 hours, now standing at $ 0.0₆8445. This significant rise makes BTT a notable top gainer.
What sets BitTorrent apart? Originally crafted to revolutionize content distribution, it allows users to share files directly with each other. This approach bypasses costly and inefficient distribution networks. Since joining forces with TRON, BitTorrent has expanded its reach, incorporating decentralized solutions and cryptocurrency. Features like BitTorrent Speed use the BTT token to enhance performance. Moreover, BitTorrent now offers premium services, including VPN capabilities and ad-free browsing, broadening its appeal.
In terms of market performance, BitTorrent is trading 10.28% below its 200-day Simple Moving Average (SMA). Despite this, the token has shown remarkable strength, with a 103% increase over the past year. This impressive growth means it has bested 64% of the top 100 crypto assets by market cap. Additionally, it boasts high liquidity, with a volume-to-market cap ratio of 0.1420, ensuring smooth trading conditions.
📢LAST WEEK IN #BitTorrent
✅ According to BTFS SCAN, the total number of created wallets on BitTorrent Speed is over 449M, and the total number of TRON addresses is over 6.2M
✅ The number of total miners on BTFS passed 8.4Mhttps://t.co/vJgccsfdZq— BitTorrent (@BitTorrent) August 20, 2024
Regarding volatility, BTT has a low 30-day volatility of just 8%, indicating stable price movements. The 14-day Relative Strength Index (RSI) is 32.27, indicating neutral market sentiment and suggesting it might trade sideways for a while. Over the last 30 days, the token has experienced 13 green days, representing 43% of the trading days, reflecting moderate positive momentum.
2. Avalanche (AVAX)
Avalanche has recently captured the spotlight thanks to a notable 5.54% price surge, bringing it to $23.09 in the last 24 hours. What’s driving this momentum is the recent expansion of Agora’s digital dollar, AUSD, to the Avalanche network. With over $20 million minted on Avalanche, Agora is leveraging the network’s EVM compatibility, sub-second finality, and low fees, signaling strong institutional interest.
Avalanche’s unique architecture also plays a crucial role. It’s designed to solve the blockchain trilemma—scalability, security, and decentralization. The network achieves this by dividing into three specialized blockchains: X-Chain, C-Chain, and P-Chain. This setup allows for up to 6,500 transactions per second without compromising decentralization, making it stand out among competitors.
Security is another key aspect of Avalanche. The AVAX token operates on the Exchange Chain, using an innovative consensus mechanism that processes transactions simultaneously with immediate finalization. This ensures speed and also enhances reliability.
This just in. Agora is expanding to Avalanche 🔺
Born from the belief that money should be neutral, @withAUSD brings an open stablecoin model that incentivizes businesses to contribute to and service the network, allowing them to share in the economic benefits of its growth and… pic.twitter.com/XIjBb6k3Hs
— Avalanche 🔺 (@avax) August 20, 2024
Market indicators show that Avalanche is performing well, trading 46.12% above its 200-day SMA, which suggests bullish momentum. However, with a 14-day RSI at 73.86, the token is currently overbought, hinting at a possible correction. Despite this, its low 30-day volatility of 16% indicates stability.
Additionally, over the past year, AVAX has surged by 123%, outperforming 71% of the top 100 crypto assets. With high liquidity and a strong market presence, Avalanche continues to be a top contender in the crypto market.
3. The Meme Games (MGAMES)
The Meme Games Token is launching on September 10, 2024, and it’s creating a buzz in the crypto community. This unique token merges the thrill of meme culture with Olympic-style competitions, offering a distinctive investment opportunity. By participating in the presale, you can purchase $MGMES tokens at $0.0093 each and receive a 25% bonus on your investment. Act fast, as the price will rise to $0.00925 in less than four days. This is a prime opportunity to get in early before the value increases.
The concept is straightforward: buy $MGMES tokens using ETH, BNB, USDT, or a bank card. Select your favorite meme athlete, and if they win their event, you’ll earn a 25% bonus on your $MGMES purchase. The more tokens you buy, the greater your chances of winning. The competitors include popular names like Pepe, Doge, and Turbo, each adding their unique flair to the events. This format ensures that all participants are excited and engaged.
Moreover, $MGMES offers substantial staking rewards, with an impressive 607% annual percentage yield (APY). A total of 202 million $MGMES tokens, representing 10% of the entire supply, are designated for staking. The token’s smart contract has undergone a thorough audit by SolidProof, with no critical issues found, ensuring a secure investment. Don’t miss out—secure your tokens now, participate in the presale, and capitalize on this exciting new venture!
4. JUST (JST)
JUST is at the forefront of DeFi on the TRON blockchain, offering a comprehensive ecosystem that’s quickly gaining popularity. The platform is built around JustStable, a decentralized stablecoin lending platform, making it a go-to for DeFi enthusiasts. What sets JUST apart is its two-token system: USDJ, a stablecoin pegged to the US dollar, and JST, which serves multiple critical roles. JST is the backbone of the platform, managing interest payments, platform maintenance, governance, and setting crucial parameters like interest rates.
What makes JUST even more compelling is its strong security framework. As a TRC-20 token, JST is secured by the TRON blockchain, which uses an energy-efficient delegated proof-of-stake (dPOS) system. Unlike energy-intensive PoW systems, TRON’s dPOS relies on elected representatives to generate blocks and maintain network integrity.
🗣️𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗕𝗿𝗼𝗮𝗱𝗰𝗮𝘀𝘁
📈#JustLendDAO market size now breaking $5.7 billion!
🚀Total Supply over $5.58 billion
🚀Total Borrow over $85.77 million
🚀Mining Rewards/Day over $40.00K👉View all markets here https://t.co/WdlaSQQNzv pic.twitter.com/m3TRZt0S1t
— JUST Foundation (@DeFi_JUST) August 16, 2024
As of today, JST is trading at $0.030773, marking a 5.27% increase in the last 24 hours. This upward movement is supported by the token’s high liquidity, with a volume-to-market cap ratio of 0.2024. The 14-day RSI for JST sits at 50.56, signaling a balanced market that could see some sideways action. Over the past month, JST has seen 17 green days, making up 57% of the trading period—demonstrating a steady performance.
Furthermore, JST’s 30-day volatility is impressively low at 5%, and it’s trading 14.29% above its 200-day SMA of $0.026938. Over the past year, it has shown significant growth, with its price increasing by 51%. Though impressive, JST has only outperformed 45% of the top 100, leaving room for more growth.
5. Cardano (ADA)
Cardano is making significant strides with its transition to decentralized governance through the Voltaire era, highlighted by the upcoming Chang hard fork. Notably, 52.82% of blocks have already been minted by upgraded Stake Pool Operators (SPOs), showcasing a solid foundation for this transformation. Furthermore, Cardano is poised to excel in the zero-knowledge (ZK) scaling race. The Chang hard fork will enhance smart contract capabilities and efficiency, potentially positioning Cardano as a leader in the scaling wars.
Transitioning to its technological strengths, Cardano is secured by the Ouroboros PoS protocol. This protocol is four times more energy-efficient than Bitcoin’s proof-of-work and also offers robust security. The focus on peer-reviewed research further ensures that Cardano’s blockchain is both durable and reliable, increasing its long-term stability.
In practical terms, Cardano is already proving its value. It supports tracking fresh produce, securing educational credentials, and combating counterfeit goods. This highlights its real-world impact and commitment to driving positive global change.
* Chang 1 upgrade update *
“The target for mainnet hardfork is Tuesday 27th August, with a final go/no go decision scheduled for early Friday 23rd August”
via @IntersectMBO https://t.co/B79C4K8ee2
— Tim Harrison (@timbharrison) August 20, 2024
Turning to this top gainer’s price action, it’s currently trading at $0.357895, marking a 4.16% rise in the last 24 hours. With a solid liquidity ratio of 0.0335 and a neutral 14-day RSI of 52.61, ADA is holding steady. Despite being 22.19% below its 200-day SMA of $0.459163, it has impressively grown by 37% over the past year. This growth outpaces 41% of the top 100 crypto assets, hinting at strong potential for further gains.
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