Top Crypto Gainers Today Feb 20 – Filecoin, Fetch.ai, Klaytn, Conflux

The crypto market is buzzing with four distinct coins shining bright as today’s top gainers. Filecoin leads the pack with a remarkable 40% surge in the past week, buoyed by its integration with Solana. Fetch.ai follows closely, boasting a 12% increase in the last 24 hours, riding high on the anticipation surrounding Nvidia’s earnings.

Klaytn takes center stage with its merger with Finschia blockchain, propelling it towards becoming Asia’s largest Web3 network. Lastly, Conflux gains significant traction as a layer-1 blockchain, witnessing a 6.60% surge and forging a strategic partnership with RAK DAO. These coins present enticing opportunities for investors seeking notable gains in today’s crypto landscape.

Biggest Crypto Gainers Today – Top List

Amidst the crypto space, 18% of cryptocurrencies are rising, painting a varied picture. Leading the pack is Arweave, boasting an impressive 25.59% gain within the past 24 hours. Conversely, Echelon Prime experiences a setback, recording a notable loss of -13.60% during the same period. Meanwhile, the presale of Sponge V2 attracted significant attention with an impressive annual percentage yield (APY) of over 191% and over 6 billion staked $SPONGE tokens.

1. Filecoin (FIL)

Filecoin, among today’s leading crypto gainers, ensures critical data security through decentralized storage, seamlessly integrating with the Interplanetary File System (IPFS). Governed by the community, it actively nurtures the development of cloud storage solutions.

FIL offers several benefits. It has a competitive market that lowers service costs. It has a global community with over 20,000 users. It also has decentralized protection against single-point attacks.

The coin recently surged to approximately $7.7, marking a 40% increase in the past week. This rally follows a prolonged bear market since its all-time high of $191 in early 2021. The surge is due to Filecoin’s integration with Solana. Altcoin Daily, a crypto influencer, announced this to his 1.5 million followers. FIL’s tweet confirmed this integration, highlighting the potential for expanding its use cases. By leveraging Filecoin’s storage capabilities, Solana aims to scale securely. 

Secure, scalable, unstoppable: that’s #Filecoin.

In 2023, Filecoin’s stored data volume skyrocketed by 3.8x, reaching a whopping 1,800 PiB with significant contributions from non-Web3 players.

How large do you think Filecoin’s data storage will be by the end of 2024? https://t.co/U0dBltgzR3

— Filecoin (@Filecoin) February 20, 2024

Its current price is $7.66, with a 22.09% surge in the last 24 hours and a market capitalization of $3.91B. Market sentiment is bullish, with a Greed/Fear Index 72 (Greed). Despite a -11% price decrease over the past year, Filecoin outperformed 26% of the top 100 crypto assets. Trading 56.33% above the 200-day SMA, FIL is overbought with a 14-day RSI of 75.15. It’s trading with various fiat currencies and has high liquidity, making it an attractive investment.

2. Fetch.ai (FET)

Fetch.ai, another top gainer for the day, emerged in 2017 and was launched via IEO on Binance in March 2019. It pioneers an open, decentralized machine learning network, democratizing AI access. Fetch.ai‘s utility token, FET, is pivotal in creating and deploying digital twins, essential for smart contracts and oracles. Staking FET enables validation nodes, ensuring network integrity.

The technology stack encompasses four key elements: Digital Twin Framework, Open Economic Framework, Digital Twin Metropolis, and Fetch.ai Blockchain. These components enable marketplaces, search functions, smart contracts, and secure consensus.

FET’s recent performance showcases a 12% increase in the past 24 hours and a remarkable 45% gain over the last week. Fetch.ai‘s momentum aligns with the buzz of AI technology giant Nvidia. Both are tied to anticipation for Nvidia’s Q4 2023 earnings. Nvidia’s stock surge is anticipated to coincide with its financial update. The surge could significantly impact AI and cryptocurrency markets; this includes FET and other AI-tied tokens. A positive report may catalyze investor enthusiasm, potentially boosting investments in AI-dedicated cryptocurrencies.

Our Build & Demo presentation at @Stanford University for the @hackwithtrees hackathon was a great success! 🙌

So many incredible young minds came to learn the ins and outs of our #AI Agent technology that will pave the future of AI in e-commerce and services 🧠 pic.twitter.com/81D9USwM0I

— Fetch.ai (@Fetch_ai) February 18, 2024

3. Klaytn (KLAY)

Klaytn (KLAY), developed by Kakao, leads as a global Layer 1 blockchain, fostering future on-chain operations. Since June 2019, Klaytn has driven blockchain adoption, facilitating diverse use cases. These range from DeFi to real-world assets, entertainment, gaming, and even the Bank of Korea’s CBDC pilot project.

It currently boasts over 1 billion transactions and 300+ decentralized applications. Its IBFT consensus algorithm ensures transaction correctness, which is critical for large-scale applications.

Recent developments see Klaytn merging with Finschia blockchain, marking Asia’s largest Web3 network. Approved by over 90% of Klaytn governance members and 95% of Finschia members, the merger entails compatibility with Ethereum and Cosmos. The integrated foundation in Abu Dhabi promises equal representation from both networks.

Big news! @klaytn_official and @finschia blockchains are set to merge, forming #Asia's largest #Web3 ecosystem.

This collaborative effort, known as Project Dragon, aims to leverage #LINE and #Kakao messenger-based assets for a revolutionary blockchain experience. #Blockchain pic.twitter.com/Mb1qmNpm4g

— Vagelis Diamantis (@Vagelisdiamond) February 19, 2024

This alliance leverages partnerships with messaging giants LINE and Kakao, reaching over 250 million potential Web3 users across Asia. The integration, known as “Project Dragon,” is set to complete the transition within Q2 this year.

Performance-wise, KLAY currently trades at $0.239267, with a market cap of $835.48M. Despite a -28% decline in the past year, it outperformed 14% of the top 100 crypto assets. However, 53% of the last 30 days had positive trading. 

Considering its recent performance metrics, market indicators, and news about merging, KLAY emerges as an enticing investment opportunity.

4. Conflux (CFX)

Conflux is another contender among the top crypto gainers for the day and operates as a layer-1 blockchain. It prioritizes scalability, decentralization, and security for decentralized applications (dApps) and Web 3.0 infrastructure.

Also, it facilitates quick, low-cost, and congestion-free asset transfers. The Tree-Graph consensus mechanism used in CFX combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms. It ensures scalability without sacrificing decentralization.

CFX has recently increased in terms of performance, with a 6.60% increase in the last 24 hours and a market capitalization of $933.43 million. Risk checks indicate bullish investor sentiment, although the price decreased by 28% over the past year. It outperformed 43% of the top 100 crypto assets by market cap but lagged behind Bitcoin and Ethereum.

🤝 Conflux forms a strategic partnership with @RAK_DAO, marking a new era of digital asset development and blockchain innovation in the Middle East.https://t.co/IgxYP1C7p7

🔍 In a nutshell:

– Conflux and RAK DAO join forces through a strategic MOU.
– The Government of Ras Al… pic.twitter.com/IE8gDuBLn8

— Conflux Network Official (@Conflux_Network) February 13, 2024

Trading 48.96% above the 200-day SMA shows signs of stability, with a neutral Relative Strength Index (RSI) of 53.41 and 16 positive trading days out of the last 30. The 30-day volatility is low at 8%, indicating steady performance.

The recent collaboration between Conflux Network and RAK Digital Assets Oasis (RAK DAO) enhances its investment appeal. This partnership aims to promote blockchain-friendly regulations, develop talent, and integrate blockchain technologies in the Middle East.

5. Sponge V2 (SPONGE)

The SPONGE coin emerged as a rising star in the ever-evolving cryptocurrency market. Its original version captured the attention of investors, showcasing its potential by achieving a remarkable 100x growth. Then came the game-changing moment – a whopping $100,000 airdrop that sent shockwaves through the crypto space.

SPONGE is back with a vengeance in its V2 form, building upon its previous success. With a total supply of 40.4 billion tokens, V2 introduces even more rewards. These rewards will span four years of staking incentives, marketing funds, and funding for a Play-to-Earn game. This evolution promises to revolutionize the meme coin market.

But the innovation continues beyond there. SPONGE V2 employs a unique transaction fee mechanism, rewarding token holders with a percentage of every transaction. Additionally, it introduces a groundbreaking Stake-to-Bridge model, allowing V1 holders to transition to V2 while earning potential staking rewards seamlessly.

POV: you didn't buy $SPONGE and the FOMO hits 👊🧽#SpongeV2 #Web3 #Crypto #100x #MemeCoin #Bullish #Altcoins pic.twitter.com/b4OfAZiAak

— $SPONGE (@spongeoneth) February 19, 2024

Backed by a dedicated community and poised for significant milestones, SPONGE V2 stands on the brink of explosive growth in 2024, offering lucrative opportunities for savvy investors looking to ride the meme coin wave.

Visit Sponge V2 Presale

Let us take a step away from the day’s top crypto gainers to the latest news in the market. Bitcoin’s price has tripled since 2023. Fueled by optimism over dedicated US exchange-traded funds, the rally continues with four straight weeks of increases through Feb. 18. Historical data hints at further gains, possibly reaching $78,000.

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