Join Our Telegram channel to stay up to date on breaking news coverage
Among today’s top crypto gainers, Tectum reigns supreme with its astonishing 33.34% surge in just 24 hours, though it grapples with a 16% decline over the past year. Frax Share also makes waves with an 18.61% price spike, yet it struggles with a stark 59% annual drop and a significant gap below its 200-day SMA.
Meanwhile, Astar Network shines with a 12.42% daily increase and a solid 17% yearly gain despite its moderate 22.75% drop below its 200-day SMA. Finally, Chainlink boosts its profile with a 9.54% recent uptick and a remarkable 84% year-long growth, though it’s still trading 23.06% below its 200-day SMA. With these standout features and challenges, read on to find out which token could be your next investment gem.
Biggest Crypto Gainers Today – Top List
Before going into the top gainers of the day, let’s take a peek at the current market overview. The crypto market is thriving, with a total capitalization of $2.16 trillion and a trading volume of $494.10 billion in the past 24 hours. Bitcoin leads the charge, trading at $61,237, marking a notable 2.96% increase and maintaining a dominant 55.98% market share. Meanwhile, the market sentiment remains neutral, as reflected by the Fear & Greed Index, which sits at 39, signaling a cautious but stable mood. Interestingly, 90% of cryptocurrencies have shown gains recently, highlighting an overall positive trend.
1. Tectum (TET)
Tectum has taken center stage today, ranking first among the top gainers with a 33.34% price surge in the last 24 hours. This rapid rise has caught the attention of investors, but Tectum’s appeal goes far beyond its recent performance.
Tectum is a third-generation Layer 1 blockchain that’s changing the game. It processes an astounding 3.5 million transactions per second. This speed isn’t just impressive; it solves the scalability issues that have long plagued Bitcoin payments. By doing so, Tectum has positioned itself as one of the fastest blockchains in the world. This makes it a key player in the future of digital payments.
At the core of Tectum’s innovation is the SoftNote system. This transactionless payment platform allows instant payments with zero fees. By leveraging Tectum’s Bitcoin node and overlay network, SoftNote makes on-chain transfers both fast and cost-effective. It’s more than a payment system; it’s a revolutionary way to make Bitcoin scalable and accessible.
Tectum also excels in data storage. Instead of storing data directly on the blockchain, it uses hashes to map back to the original data stored at a lower level. This method enhances security and reduces storage needs, making the blockchain more efficient.
How Tectum is Enabling People to Own and Spend Crypto
Wouldn’t it be nice to be able to spend your crypto in ways that you want to?
With the Softnote you can!🔹Simplifying Transfers
🔹Cheapest Gas Fees
🔹Instant Transfers
🔹Unrestricted Global Payments
🔹Enabling the Use of… pic.twitter.com/Qzecb3OF0B— Tectum (@tectumsocial) August 21, 2024
While TET’s recent performance is strong, it has had a challenging year, with the price down 16% over the past 12 months. Yet, with 19% volatility and 13 green days out of the last 30, TET remains a dynamic player.
2. Frax Share (FXS)
Frax Share is grabbing attention today with an impressive 18.61% price spike, pushing its value up to $2.32. As the staking and governance token for the Frax ecosystem, FXS is designed to be volatile, reflecting its role in both governance and utility. It manages key functions like collateral pools and fee adjustments. At the same time, it adopts a governance-minimized approach similar to Bitcoin, focusing on essential parameters rather than extensive DAO-like management.
Currently, FXS shows a neutral market stance with a 14-day Relative Strength Index (RSI) of 43.49, suggesting it is neither overbought nor oversold. This neutrality may lead to sideways trading in the near term. Additionally, the token’s 30-day volatility stands at a low of 11%, indicating stable price behavior and minimizing the risk of sudden fluctuations.
Despite these positive short-term indicators, FXS faces significant long-term challenges. It is trading 65.45% below its 200-day Simple Moving Average (SMA) of $6.71, indicating ongoing difficulties in maintaining upward momentum. Over the past year, FXS has experienced a 59% decrease in value, reflecting broader market trends and challenges.
1/ Security and decentralization are core to Frax.
Last week, we partnered with @symbiotic to secure our growing ecosystem through $FXS restaking.
Nearly 1M FXS has already been restaked. Join now and start earning Symbiotic points: https://t.co/w7U12Rscly
— Frax Finance ¤⛓️¤ (@fraxfinance) August 21, 2024
Moreover, in comparison to its peers, FXS has only outperformed 1% of the top 100 cryptocurrencies by market cap. This limited relative performance highlights that, despite today’s gains, FXS has struggled to keep pace with other major assets. While offering short-term gains, investors should note its long-term challenges and relative underperformance in the broader crypto market.
3. Shiba Shootout (SHIBASHOOT)
Shiba Shootout is creating a stir in the meme coin space, having secured more than $1 million in presale funds and demonstrating remarkable momentum. The current token price is $0.0199, but this is set to increase in less than 24 hours. This exciting project blends humor and utility, promising both a strong community spirit and potential financial rewards. Investors have a unique chance to get in early and benefit from the project’s growth.
#SHIBASHOOT to the moon! 🌕🚀
We've just crossed the $1M mark! 💰
The momentum is incredible! 🌟
Huge thanks to our amazing community! 🙌 pic.twitter.com/ZkVaJSCioA
— shibashootout (@shibashootout) August 22, 2024
The Shiba Shootout experience goes beyond typical meme coins. The game, Shiba Sharpshooter, has already attracted over 1,000 downloads on Google Play and offers a Wild West adventure where players engage in thrilling duels. Adding to the excitement, the project features “Posse Rewards,” allowing users to earn a huge 5% on all referral purchases by sharing their unique code. Furthermore, the “Cactus Staking Program” offers a staggering 931% APY, making staking $SHIBASHOOT tokens particularly enticing.
The project’s ecosystem includes the lively Shiba Gulch, a hub for meme battles and creative competitions. Here, participants can earn tokens through activities like “Campfire Stories” and the “Lucky Lasso Lottery.” With tokenomics carefully planned—35% for presale, 20% for staking, and 20% for marketing—Shiba Shootout is well-positioned for long-term success. The token’s security is bolstered by audits from SolidProof and KYC verification by Coinsult, ensuring a trustworthy investment. Don’t miss your chance to invest in Shiba Shootout, connect your wallet, and seize the opportunity to be part of this exciting meme coin venture.
4. Astar Network (ASTR)
Astar Network impressively rises as the third top gainer among today’s top four crypto assets, achieving a 12.42% surge in the last 24 hours. This rapid rise places ASTR firmly in the spotlight, signaling growing momentum. Over the past year, ASTR has gained 17%, solidifying its position as a key player in the crypto market. Currently, it’s trading 22.75% above its 200-day SMA, a clear sign of sustained growth.
Adding to its appeal, Astar boasts high liquidity, with a market cap-to-volume ratio of 0.3037. This strong trading activity reflects significant market interest. Meanwhile, its 14-day RSI is at 57.91, indicating a neutral sentiment. This balance suggests room for further growth. Additionally, with just 11% volatility over the last 30 days, Astar offers stability in a volatile market.
But Astar is more than just impressive numbers. It supports decentralized applications (dApps) and layer two solutions, providing a robust web 3.0 infrastructure. Its unique integration of both EVM and WASM smart contracts allows it to connect Polkadot with Ethereum and Cosmos, making it a crucial hub in the blockchain ecosystem.
🙌 @neemofinance joins Astars dApp staking!
🐟 Neemo Finance plans to develop nsASTR (Neemo Staked ASTR), an LST token for ASTR, and launch it on the Astar EVM, with future implementations on other L2 chains.
👉 Learn more about Neemo Finance here: https://t.co/lKg5bdeGrP pic.twitter.com/WEnRW0cTNo
— Astar Network (@AstarNetwork) August 18, 2024
Backed by Binance Labs and Coinbase Ventures, Astar is built on Substrate with an extra layer powered by the Optimistic Virtual Machine (OVM) for scalability. Its standout features, like operator trading and Multi-Lockdrop, further enhance its value. Moreover, its dApp staking and reward system drives ecosystem growth. Operating on a Nominated Proof-of-Stake (NPoS) consensus and benefiting from Polkadot’s security model, Astar is innovative and also secure. This combination of features and performance makes ASTR a token to watch.
5. Chainlink (LINK)
Chainlink stands out as a blockchain abstraction layer that integrates off-chain data into smart contracts. Its decentralized Oracle network allows blockchains to interact with external data feeds and payment methods securely. Consequently, this integration is vital for complex smart contracts, establishing Chainlink as a key player in data processing. Additionally, it uses the Proof-of-Stake (PoS) mechanism, which is more energy-efficient compared to Bitcoin’s Proof-of-Work (PoW).
What further sets Chainlink apart is its extensive network of data providers and node operators. Trusted partners like Brave New Coin, Alpha Vantage, and Huobi contribute to the network, enabling data monetization and enhancing overall functionality. Furthermore, Chainlink’s decentralized nature allows users to become node operators, earning revenue by running critical data infrastructure. This system supports leading DeFi applications such as Synthetix, Aave, and Compound, securing billions in value.
DeFi requires credibly neutral infrastructure that eliminates conflicts of interest, information asymmetry, and market manipulation.
How #Chainlink enables high-integrity DeFi markets ↓https://t.co/0S0jIkZ1zY
— Chainlink (@chainlink) August 22, 2024
Chainlink has made notable strides recently, with its price increasing by 9.54% in the last 24 hours. Currently, its liquidity remains high, with a volume-to-market-cap ratio of 0.1007. Although its 14-day Relative Strength Index (RSI) is at 43.10, indicating a neutral market stance, the 30-day volatility is low at 13%. Despite trading 23.06% below its 200-day Simple Moving Average of $14.79, LINK’s price has surged by 84% over the past year. This impressive growth has allowed this top gainer to outperform 58% of the top 100 crypto assets by market cap.
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
