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As we delve into the top gainers in the crypto market, it’s essential also to acknowledge the broader market movements that shape these trends. Bitcoin recently experienced a sharp decline of over 3% during Asian trading hours, part of a broader stock market downturn. Over $250 million in bullish bets were liquidated, marking the most substantial wipeout since early July. This highlights the volatility and interconnected nature of crypto and traditional markets.
Biggest Crypto Gainers Today – Top List
Understanding the top gainers in the cryptocurrency market is crucial for discerning current trends and identifying promising opportunities. Today, we spotlight some of the standout performers who have captured attention with impressive gains. However, it’s not just about who’s leading the charge; analyzing their performance over both the short and long term is essential for making informed investment decisions. Read on to explore how these gainers are stacking up in the short run and whether their long-term trajectories align with your investment goals.
1. StormX (STMX)
StormX is transforming the way we shop online by offering one of the first global cryptocurrency-based cashback solutions. Available as a mobile app and browser extension, StormX partners with brands like Samsung, Nike, and Lego to offer crypto rewards for everyday purchases. With the ability to stake the native STMX token, users can boost their rewards, making the experience even more lucrative. StormX has already caught the eye of significant investors, including Blockfolio, the Litecoin Foundation, and Kyber Network, securing over $30 million in funding.
The platform’s cashback rates are unmatched, with some purchases earning up to 87.5% back in crypto. As an ERC-20 token, STMX benefits from Ethereum’s secure proof-of-stake mechanism. With over 750 online stores in its program, StormX is pioneering a new era of crypto-integrated shopping, combining convenience with digital currency.
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In the past 24 hours, StormX has surged by 5.98%, showcasing its strong short-term momentum. With a high liquidity reflected by a 12.4601 volume-to-market cap ratio, it stands out for its active trading environment. Its 14-day RSI of 54.19 suggests it is neutral and may trade sideways. Compared to Flow’s lower 7% volatility, STMX’s 11% volatility indicates a slightly more dynamic market, though still more stable than many other cryptos.
Over the past year, its price has increased by 22%, trading 10.66% above its 200-day SMA. Despite outperforming just 32% of the top 100 crypto assets, its steady growth contrasts with Bittensor’s 275% surge and Convex Finance’s 22% drop.
2. Flow (FLOW)
Flow is a proof-of-stake blockchain designed to be the bedrock of Web3 and the open metaverse. It seamlessly supports decentralized applications, NFTs, DeFi, DAOs, and PFP projects at a consumer scale. At its core is Cadence, a novel programming language crafted specifically for digital assets. This enables developers to push the boundaries of innovation and usher the next billion users into Web3.
Flow’s creators are the team behind industry-leading experiences like CryptoKitties, NBA Top Shot, and NFL ALL DAY. They have built an open, decentralized platform that boasts a vibrant ecosystem of top brands, development studios, venture-backed startups, and crypto pioneers.
The native token, FLOW, serves as the lifeblood of the Flow network. It is integral for staking, delegating, and covering transaction and storage fees. Additionally, FLOW is the primary currency for buying, selling, and trading assets and experiences within the Flow ecosystem.
Flow’s 4.76% price increase in the last 24 hours demonstrates its stability, with a current volume-to-market cap ratio of 0.3029. Priced at $0.631122, Flow’s 14-day RSI of 52.99 indicates a neutral market position. Compared to StormX’s higher liquidity and Bittensor’s impressive performance, Flow’s 7% volatility makes it a low-risk option, appealing to risk-averse investors.
Over the past year, Flow’s 9% price increase and its position of 3.74% below its 200-day SMA indicate steady performance. Despite underperforming 72% of the top 100 crypto assets, its stability contrasts with Bittensor’s high volatility and Convex Finance’s underperformance.
3. Shiba Shootout (SHIBASHOOT)
Adding a promising memecoin to the mix of top gainers, Shiba Shootout is captivating crypto investors with its blend of charm and practical utility. Approaching $800,000 in its presale, this token, priced at $0.0197, offers more than just playful branding. It combines the excitement of a Wild West-themed play-to-earn (P2E) game with innovative financial features. Investors are particularly drawn to its unique offerings like savings saddlebags, which lock tokens for passive earnings, and cactus staking, promising over 2000% APY.
Shiba Shootout’s tokenomics further highlight its ambitious approach. Out of the total 2.2 billion tokens, 35% is allocated to the presale to boost initial engagement, while 20% is reserved for staking rewards. Additionally, 20% is set aside for marketing, ensuring robust promotion and visibility. The project also earmarks 10% for liquidity, stabilizing the token price post-launch, and 10% for project development to enhance the platform’s offerings.
Looking ahead, Shiba Shootout’s roadmap outlines a clear path to success. Phase 1 includes launching the presale and initiating a comprehensive marketing campaign. Phase 2 will introduce community-driven features like campfire stories and release a mini-game. In Phase 3, the token will debut on decentralized exchanges (DEX) and centralized exchanges (CEX), with listings on CoinGecko and CoinMarketCap for greater transparency.
Now is the perfect moment to invest in Shiba Shootout and be part of a thrilling, profitable venture.
4. Bittensor (TAO)
Bittensor merges blockchain technology with machine learning to advance AI development, sharing, and monetization. It is an open-source, decentralized network where models train collaboratively, earning TAO tokens based on their informational value. It uses a distributed ledger to optimize AI development and distribution, ensuring open access, decentralized governance, and global resource utilization.
Bittensor’s open-source repository encourages global innovation, rewarding and distributing network ownership based on added value. Also, TAO, the native cryptocurrency, incentivizes participation and ensures fair rewards for enhancing the network’s intelligence. It allows users to access and utilize the network’s collective knowledge.
Bittensor’s 2.99% increase in the last 24 hours, with a volume-to-market cap ratio of 0.1063, highlights its high liquidity and strong market position. The 14-day RSI of 56.85 suggests neutrality, while 19 green days in the past month with 14% volatility indicate a robust market presence.
Over the past year, TAO’s impressive 275% increase, trading 173.72% above its 200-day SMA, sets it apart as a high-growth asset. Outpacing 79% of the top 100 crypto assets, it offers significant long-term gains. This high-reward scenario suits those willing to take on greater volatility for larger returns.
5. Convex Finance (CVX)
Convex Finance is at the heart of DeFi, amplifying the influence and rewards for Curve liquidity providers in the high-stakes “Curve wars.” This dynamic protocol enables CRV holders and Curve LPs to maximize their earnings and boost their influence without direct staking on Curve. By staking with Convex, users can unlock enhanced CRV rewards and also gain liquidity mining incentives.
Furthermore, Convex Finance’s innovation lies in its ability to aggregate liquidity from various stakers. This aggregation, in turn, allows even small investors to reap significant benefits. These benefits include boosted rewards, a share of trading fees, and coveted CVX tokens. Additionally, with a robust security framework, Convex Finance is well-protected, including audits and a multisig treasury.
In terms of performance, CVX’s 1.88% increase over the past 24 hours, with a volume-to-market cap ratio of 0.2821, reflects its stable short-term performance. The 14-day RSI of 48.22 indicates neutrality, while 14 green days in the past month with 14% volatility suggest moderate stability. In comparison to Bittensor’s robust performance and Flow’s lower volatility, it presents a middle-ground option with moderate risk.
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Over the past year, however, CVX has experienced a 22% price decrease, trading 22.16% below its 200-day SMA. While surpassing only 10% of the top 100 crypto assets, it presents a challenging long-term outlook. When compared to Bittensor’s significant gains and StormX’s steady growth, Convex Finance’s underperformance highlights the need for cautious investment.
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