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Despite a challenging day for the crypto market, with Bitcoin slipping below $59,000 and Ethereum falling nearly 10%, some tokens have managed to shine. Bitcoin, which had briefly surged past $62,700, dropped to $58,240, while Ether fell from $2,700 to below $2,500. This market correction, leading to $313 million in liquidations, stresses the volatility. Yet, in this turbulent environment, tokens like Cream Finance, Audius, UNUS SED LEO, and Notcoin have emerged as top gainers. This article explores their exceptional features and performance during these market upheaval.
Biggest Crypto Gainers Today – Top List
Among today’s gainers, Cream Finance, Audius, UNUS SED LEO, and Notcoin have demonstrated impressive resilience and growth. Cream Finance continues to lead the DeFi lending space, supported by strong liquidity and solid annual performance. Audius is revolutionizing music streaming with its decentralized platform. UNUS SED LEO stands out by offering significant trading fee benefits and a transparent buyback strategy. Meanwhile, Notcoin, a play-to-earn token in the TON ecosystem, has secured its top gainer status with strong community engagement and innovative gameplay.
1. Cream Finance (CREAM)
CREAM Finance stands out as a key player in the DeFi lending space, operating within the yearn.finance ecosystem. This decentralized protocol provides seamless access to financial services across Ethereum, Binance Smart Chain, Polygon, and Fantom. By facilitating borrowing, lending, and liquidity mining rewards through its CREAM token, the platform boosts liquidity for crucial DeFi assets. It also supports major tokens like stablecoins, governance tokens, and top cryptocurrencies.
Staking CREAM tokens is an attractive option for users, allowing them to earn rewards over a staking period of up to four years. However, it’s important to note that these rewards are only available at the end of the staking period, with no early withdrawals. Interestingly, CREAM’s smart contracts are not audited by choice; instead, they rely on expert advisers and a multisig wallet for security.
Presently, CREAM is trading at $20.98, reflecting a 1.1% increase in the past 24 hours. This modest gain highlights steady market interest, supported by strong liquidity, with a market cap-to-volume ratio of 0.4401. The 14-day Relative Strength Index (RSI) is at 39.37, signaling a neutral market stance. Over the last 30 days, CREAM saw positive price movement on seven occasions, representing 23% of the period.
The C.R.E.A.M. Collective is a thriving Web3 incubator, investing in founders and projects with our community of builders, investors, operators, degens, collectors, and mentors.
— Cream Finance 🍦 (@CreamdotFinance) August 22, 2024
Volatility remains relatively low at 27% over the past 30 days, pointing to a stable trading environment. CREAM is also trading 26.89% above its 200-day Simple Moving Average (SMA) of $16.54, indicating a sustained upward trend. Over the past year, CREAM has seen significant growth, with its price increasing by 86%. This impressive performance places it ahead of 58% of the top 100 crypto assets by market cap.
2. Audius (AUDIO)
Audius is a decentralized music streaming protocol, initially built on the POA Network but now operating on Solana. It was launched to address inefficiencies in the music industry, where artists often receive a small share of revenue. By allowing artists to upload music directly, Audius eliminates intermediaries, ensuring that creators retain full control over their work. This content is stored and distributed by content and discovery nodes, enabling fans to listen for free.
The platform is powered by the native token, AUDIO, which serves as the primary payment method. Additionally, users can earn AUDIO tokens by sharing playlists and curating music by mood. With its decentralized architecture, Audius enables a more equitable distribution of revenue, aligning the interests of artists, fans, and node operators. Moreover, decentralized governance allows participants to stake AUDIO and vote on protocol changes, further democratizing the platform.
As of today, Audius is trading at $0.14218, reflecting a modest 1.0% increase in the last 24 hours. The platform demonstrates strong liquidity, with a volume-to-market cap ratio of 0.2552. However, the 14-day RSI stands at 44.41, indicating neutral market conditions with potential for sideways trading.
In terms of longer-term performance, Audius is currently trading 25.13% below its 200-day SMA of $0.1899, highlighting some challenges. Over the past year, the price has decreased by 4%, underperforming compared to most of the top 100 crypto assets. Despite this, the platform’s unique value proposition continues to attract attention in the decentralized music streaming space.
3. The Meme Games (MGMES)
The Meme Games token is emerging as a must-watch project in the crypto space, especially with their presale currently making headlines. Having raised nearly $400,000 in just a few weeks, this low-cap token is generating considerable excitement. The presale is set to end on September 8, just in time for the conclusion of the Paralympics, with the token expected to list on DEXs shortly after that.
What sets The Meme Games apart is its unique concept of blending Olympic-style competition with meme culture. Investors can purchase $MGMES tokens to enter their favorite memes, such as Dogecoin and Pepe, into a race for crypto rewards. A 25% bonus is awarded to those whose selected meme wins, adding an element of excitement and potential profit. With no minimum buy-in required, participants can make multiple, smaller purchases to increase their chances of winning.
The project also offers a staking protocol with an impressive annual yield of 529%. Over 19.1 million $MGMES tokens have already been staked, reflecting strong investor confidence. The presale price of $0.00935 is set to rise soon, making it a timely opportunity for those looking to invest early. As the presale nears its end, interest in The Meme Games is likely to intensify. With a strong community, audited smart contracts, and an innovative approach, this token could be a standout opportunity for early investors.
4. UNUS SED LEO (LEO)
UNUS SED LEO is a unique utility token designed for use within the iFinex ecosystem, particularly on the Bitfinex exchange. LEO operates on two blockchains, with 64% of the supply on Ethereum and 36% on EOS. This dual-chain approach provides flexibility and security, ensuring that the token can cater to a wide range of users and applications.
LEO holders benefit from reduced trading fees on Bitfinex, with the discount percentage tied to the amount of LEO in their account. In addition to trading fee discounts, its users also enjoy funding fee reductions and rewards through the exchange’s referral program.
What sets LEO apart is its transparent buyback and burn mechanism. iFinex, the parent company of Bitfinex, dedicates 27% of its consolidated gross revenues to buying back LEO tokens from the market. As one of the largest exchange-issued tokens by market capitalization, LEO competes with similar tokens from Binance, OKEx, and Crypto.com.
At present, UNUS SED LEO is trading at $5.99, up 0.98% in the last 24 hours. However, its liquidity is limited, with a volume-to-market-cap ratio of 0.0003. The 14-day RSI is at 41.04, indicating a neutral stance, which could lead to sideways trading.
Morning! ☀️
From the supermarket to the airport, the Bitfinex app keeps your $BTC at hand!
Where have you checked your crypto today? 📱https://t.co/sH5DwK5J58
— Bitfinex (@bitfinex) August 28, 2024
LEO has experienced positive momentum, with 16 green days in the past month, representing 53%. It also maintains low volatility at 2% over the last 30 days. Impressively, LEO is trading 56.35% above its 200-day simple moving average of $3.85. Over the past year, the token’s value has risen by 57%, outpacing 50% of the top 100 crypto assets.
5. Notcoin (NOT)
Notcoin is a unique play-to-earn token that forms an integral part of The Open Network (TON) ecosystem. Developed by Open Builders, a team known for creating viral and engaging games, Notcoin has become a standout in the GameFi space. It began as a social clicker game on Telegram, quickly gaining popularity with its addictive gameplay and vast user base.
Initially, users earned NOT by tapping a virtual coin, climbing leaderboards, and completing tasks like following accounts or inviting friends. Although the original game is no longer playable, Notcoin has evolved to an explore-to-earn model. Now, it rewards users for engaging with DeFi platforms, playing indie games, and unlocking new levels and campaigns within the TON ecosystem.
Notcoin’s success is also rooted in its strong emphasis on social interaction. Players can form squads, invite friends, and participate in community-driven activities, creating a vibrant and active user base. With over 35 million users, Notcoin exemplifies how a well-designed GameFi project can foster both entertainment and community, driving viral growth and sustained engagement.
The roof is on fire! 🔥
163M $NOT has been earned by Explorers from the last burning event.
With Burning Man around the corner, we're sparking the flames now.
16M $NOT just went up in smoke 🫡 pic.twitter.com/4nZLC9ZxDc
— Notcoin Ø (@thenotcoin) August 16, 2024
Today, Notcoin is priced at $0.008724, with a modest 0.62% increase in the last 24 hours. Liquidity remains strong, supported by a volume-to-market cap ratio of 1.1838. However, the price movement has been mixed, with only 11 green days out of the last 30, marking a 37% positivity rate. Despite this, volatility is low, sitting at just 9% over the past month. This balance of growth and stability makes this top gainer an intriguing option for those interested in GameFi and the TON ecosystem.
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