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As the total cryptocurrency market capitalization reaches $2.19 trillion, Bitcoin has fallen by 2.25% to $62,443. Despite this decline, Decred, WEMIX, Gala, and Fasttoken stand out as today’s top crypto gainers, showcasing notable growth. The Fear & Greed Index remains neutral at 48, with 94% of cryptocurrencies losing value in the past 24 hours. In contrast, the strong performance of these four tokens highlights their unique strengths and potential. Thus, they offer intriguing opportunities for investors navigating the current market environment.
Biggest Crypto Gainers Today – Top List
Today’s top crypto gainers include Decred, which has risen by 10.29% due to its innovative Proof-of-Work and Proof-of-Stake mechanisms. WEMIX has increased by 3.19%, driven by ecosystem expansions despite some liquidity challenges. Gala has grown by 1.59%, benefiting from its stable and flexible GalaChain infrastructure. Meanwhile, Fasttoken has seen a 1.03% rise, marked by strong performance and high liquidity. Finally, Base Dawgz is presenting a huge investment opportunity with its presale, raising over $3 million and closing in less than 24 hours!
1. Decred (DCR)
Decred is at the forefront of today’s top gainers, emphasizing its exceptional place in the crypto market. It stands out with its innovative combination of Proof-of-Work and Proof-of-Stake mechanisms. These two systems work together to ensure both security and active participation from stakeholders. Moreover, Decred’s approach empowers its community, allowing coin holders to shape the network’s future.
Decred’s decentralized governance gives stakeholders a direct say in decisions, from protocol changes to funding. Its treasury, funded by block rewards, ensures sustainable development without external reliance, avoiding centralization risks.
Another reason Decred is grabbing attention is its commitment to security, privacy, and scalability. It evolves with technologies like atomic swaps, enabling trustless, efficient blockchain exchanges while driving continuous innovation.
DCR’s impressive 10.29% surge in the last 24 hours clearly places it at the top of today’s gainers. Its high trading volume, as shown by its 0.0424 volume-to-market-cap ratio, highlights strong liquidity and investor interest. Additionally, the 14-day RSI of 44.14 shows that Decred is currently neutral, which hints at stability and suggests it may trade sideways.
Decred v2.0.0 is out!
This is a new major release of dcrd, Decred's full node.
Some of the key highlights are:
– Decentralized StakeShuffle mixing
– Higher network throughput
– Lightweight client sync time reduced by around 50%
– Improved initial peer discovery pic.twitter.com/Re4uDS1NsR— Decred (DCR) (@decredproject) May 21, 2024
Furthermore, its 9% volatility over the last 30 days highlights its relative stability, making it a favorable option for investors. However, it’s important to note that Decred is still trading 28.93% below its 200-day SMA. While this might seem concerning, it could also represent a potential buying opportunity for those who believe in its long-term growth.
Over the past year, the price of Decred has decreased by 5%. Though it has only outperformed 11% of the top 100 crypto assets, its recent momentum suggests a possible turnaround.
2. WEMIX (WEMIX)
WEMIX is up in the crypto market today, with a notable 3.19% surge in price, bringing it to $0.893108. This rise comes as WEMIX continues to expand and refine its ecosystem. The platform features WEMIX Play, the world’s largest play-and-earn gaming hub, and NILE, a cutting-edge DAO-powered community.
Additionally, WEMIX.Fi offers diverse DeFi services such as swapping, staking, and borrowing, all with low fees and high speeds. The SPoA consensus algorithm secures the ecosystem and 40 decentralized nodes, while WEMIX$, the stablecoin, remains fully collateralized.
Recent updates have further strengthened the WEMIX ecosystem. The WEMIX.Fi platform has introduced WONDER Staking and revised the Full Range Deposit Pool, with assets now accessible through Swap. Also, WEMAX has launched, managing several services previously provided by WEMIX.Fi, including Concentrated Range Deposit Pools and LIQUID Staking. These changes aim to enhance stability and engage users more effectively within the ecosystem.
WEMIX․Fi Service Revised
FOCUS 🎯 Service stability & ecosystem enrichment
LAUNCH 🚀 #WEMIX Stake and WEMAX DeFi services
OTHERS 💡 MLP adjustments, service terminationsEmpowering the future of finance 🔗https://t.co/41eTKS5MeT pic.twitter.com/WH5YDzlCGN
— WEMIX (@WemixNetwork) August 23, 2024
However, WEMIX is currently facing challenges, trading 37.02% below its 200-day SMA, marking a significant drop. Despite this, the token has seen a 55% price increase over the past year, suggesting some recovery, but it’s far from a clear upward trend.
The 14-day RSI is at 68.17, which indicates that WEMIX is close to being overbought, and we might see some sideways trading in the near future. Liquidity is another concern, with a market cap-to-volume ratio of 0.0194, signaling only medium liquidity. These figures suggest that while WEMIX has potential, it’s still navigating a rough path.
3. Base Dawgz (DAWGZ)
Base Dawgz is quickly becoming one of the most talked-about meme coins in the crypto community. With over $3 million raised in just a few weeks, DAWGZ has already made a significant impact, especially as the presale is set to close on August 28th at 8 PM CET. This success is notable, particularly in a market where new meme coins often struggle to gain traction.
Important Announcement 📣
The $DAWGZ presale will end on the 28th of August at 20:00 CET.
This is your last chance to buy $DAWGZ ahead of launch. Seize this opportunity!
— Base Dawgz (@BaseDawgz) August 24, 2024
The appeal of DAWGZ lies in its potential for high returns. Analysts predict that early investors will see gains ranging from 10x to 100x. The project’s media coverage from prominent platforms like Cointelegraph and CoinMarketCap further cements its reputation as a meme coin with serious potential.
What sets Base Dawgz apart from other meme coins is its unique approach to community engagement and incentives. Investors can earn additional DAWGZ tokens by sharing content on social media. The “refer-to-earn” program also offers rewards based on presale investments. Additionally, DAWGZ holders can stake tokens across multiple chains, with current rewards exceeding 775%.
With the DAWGZ presale ending tomorrow, time is running out to secure your tokens. Act now by clicking the link below to swap ETH, USDT, BNB, AVAX, or SOL directly through the project’s website. Don’t miss your chance to join before it’s too late!
4. Gala (GALA)
Gala is a Web3 ecosystem powered by GalaChain, a layer-1 blockchain with big ambitions. Initially, GalaChain supported Gala Games, Music, and Film. However, it has now expanded, welcoming developers from various industries. These developers can use open-source tools like the GalaChain SDK and Creator Portal to bring their ideas to life.
Moreover, GalaChain offers great flexibility. Assets created on GalaChain can be easily bridged to other blockchains, such as Ethereum and Binance Smart Chain. Meanwhile, the backbone of GalaChain is its Decentralized Physical Infrastructure Network (DePIN). Founder’s Nodes, which power this network, earn daily $GALA rewards and participate in governance decisions.
Security is another strength of Gala. It’s ranked as the third most secure altcoin by CertiK, right behind BTC and ETH. The $GALA token uses a Gnosis multisig safe, ensuring no single team member has complete control. Additionally, Gala maintains strong governance and compliance standards by working with international regulatory agencies.
Discover the power of nodes in web3! 🌐 Learn how Gala Founder's Nodes provide essential support for decentralized storage and computing in the Gala ecosystem. #Blockchain #Web3 #GalaGameshttps://t.co/19uXXQaw2e
— Gala Games (@GoGalaGames) August 15, 2024
Today’s price movement shows why GALA is a top gainer. Currently priced at $0.02138, it has seen a 1.59% increase in the last 24 hours. Furthermore, it enjoys high liquidity, with a volume-to-market cap ratio of 0.3701. Although the 14-day RSI sits at 34.39, suggesting neutral sentiment, GALA has shown resilience. It has had 13 green days in the last 30 days, which is about 43%. Additionally, its 30-day volatility is a low 14%, making it relatively stable.
Despite trading 12.19% below its 200-day SMA, GALA has still increased by 13% over the past year. Although it only outperformed 24% of the top 100 crypto assets by market cap, GALA’s potential remains strong.
5. Fasttoken (FTN)
Ranking fourth in today’s top gainers, Fasttoken is valued at $2.50 and has risen by 1.03% over the past 24 hours. Notably, FTN operates as the native currency of the Bahamut blockchain, a unique EVM-based Layer 1 solution with its own Proof of Stake and Activity (PoSA) consensus. This setup supports staking, block creation, validation, and cross-chain activities.
Fasttoken’s influence spans over 2.5 million users in 182 countries, and it has more than half a million holders across various exchanges and wallet addresses. Adding to its appeal, FTN’s security is solid, having passed rigorous audits from Hexens and CertiK, which boosts investor confidence.
⚡️$FTN has climbed into the top 80 on @coingecko !
Check here 👉 https://t.co/d8DC3rS3ty#ftn #fasttoken #Top80 pic.twitter.com/nK7TGfPJMb
— Fasttoken (@fasttoken_com) August 7, 2024
FTN’s high liquidity, with a 0.1939 volume-to-market-cap ratio, underscores strong investor interest. Meanwhile, its 3% 30-day volatility highlights stability, especially when compared to GALA’s 14% volatility. Also, over the past 30 days, FTN has surged by 47%, underscoring its impressive recent performance. This impressive liquidity and low volatility clearly distinguish it from its peers.
Furthermore, FTN is trading an astonishing 151,800.88% above its 200-day SMA, far exceeding GALA’s 12.19% below and WEMIX Token’s 37.02% decline. Over the past year, this top gainer’s 128% gain significantly outstrips WEMIX’s 55% and GALA’s 13%. With its performance outpacing 64% of the top 100 crypto assets, FTN’s impressive stability and growth clearly distinguish it in today’s market.
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