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Before we explore today’s top crypto gainers, it’s worth noting a significant development in the market. Australia’s largest stock exchange, the ASX, has approved its first spot Bitcoin exchange-traded fund (ETF), the VanEck Bitcoin ETF (VBTC). This milestone will launch on June 20, underscoring a growing acceptance and demand for Bitcoin investment vehicles within regulated markets.
Furthermore, the approval of VBTC represents a step forward in providing investors with regulated and transparent avenues to access cryptocurrencies. It also reflects broader trends in global financial markets towards embracing digital assets. Now, let’s uncover the standout performers in today’s crypto market.
Biggest Crypto Gainers Today – Top List
Today, the global market cap stands at $2.55 trillion, reflecting a slight 0.56% change in the last 24 hours and a remarkable 129.85% surge compared to a year ago. Despite this growth, market sentiment leans towards Greed, with the Fear & Greed Index at 71. This sentiment is mirrored in the performance of individual cryptocurrencies: only 28% have seen gains in the past day. Convex Finance, JasmyCoin, Tellor, and Pendle stand out among today’s top gainers, each known for their distinct projects and price increases amid broader market fluctuations.
1. Convex Finance (CVX)
Convex Finance is a DeFi protocol designed to optimize earnings for Curve liquidity providers. Instead of staking liquidity directly on Curve, providers stake with Convex to earn enhanced CRV and liquidity mining rewards. This setup allows CRV stakers to achieve better capital efficiency, positioning Convex as a strategic player in the “Curve wars.”
By pooling assets from individual stakers, Convex enables even small investors to benefit from boosted rewards that are otherwise hard to attain. The protocol aims to accumulate as much total value locked (TVL) as possible to gain significant influence over Curve Finance, the largest decentralized exchange (DEX) by total value locked. Controlling a substantial stake in Curve Finance allows Convex to influence interest rates, benefiting its users and the broader ecosystem.
With the massive overhang of $CRV collateral from Mitch liquidated into the market it’s just fundamentals from here on out for $CVX
Eventually ETH with have its cycle moment and moon, and the wealth effect from BTC and ETH holders will lead to a rotation into other coins
Which…
— Jason Hitchcock (@JasonHitchcock) June 16, 2024
In the past 24 hours, CVX has seen a remarkable price surge, jumping 85.44% to $4.01. However, over the past year, it has increased by 17%, outpassing just 20% of the top 100 crypto assets by market cap. Currently, it is trading 10.61% above its 200-day simple moving average of $3.61.
The 14-day Relative Strength Index (RSI) is 48.22, indicating a neutral market that may trade sideways. In the last 30 days, Convex Finance had 18 green days, accounting for 60% of the period, with a low volatility rate of 11%. The token also demonstrates high liquidity, with a volume-to-market cap ratio 0.5081.
2. JasmyCoin (JASMY)
JasmyCoin combines IoT and blockchain technology to give users complete control over their data. It connects service providers with data users, creating a secure environment for data exchange between IoT devices like computers, cars, and phones. The platform protects individual data sovereignty and transforms information into personal assets.
Jasmy decentralizes workflows with edge computing and stores data on the InterPlanetary File System (IPFS). The network uses Security Knowledge Communicator (SKC) and Smart Defender to manage transactions and data securely. Built on Ethereum, Jasmy complies with strict Japanese legal requirements, ensuring rigorous financial audits and legal accountability. This combination of technology and legal compliance boosts the platform’s security and trustworthiness.
JASMY has shown significant price movement recently. Currently priced at $0.037551, it has surged by 11.16% in the past 24 hours. Over the past year, the token has experienced a substantial increase of 894%, surpassing 95% of the top 100 crypto assets. Jasmy is trading 702.34% above its 200-day SMA of $0.00469, indicating long-term solid growth.
Exciting news! 🎉
A campaign has launched on #DeGate, the DEX powered by Zero Knowledge rollup, for #Jasmy holders! 🚀
Dive into the details now👇@JanctionMGT @HARA_JasmyCFO $Jasmy @DeGateDex https://t.co/SLVaaeSjdC
— Jasmy-MGT (@JasmyMGT) June 14, 2024
Despite its impressive gains, the 14-day RSI is at 50.69, suggesting the cryptocurrency is neutral and may trade sideways. With 60% of the last 30 trading days being positive, JASMY has maintained relatively low volatility, currently at 26% over the past 30 days. The token also enjoys high liquidity, with a volume-to-market cap ratio of 0.3232.
3. WienerAI (WAI)
WienerAI is an AI-powered meme coin uniquely combining advanced technology with playful branding. Unlike other dog-themed cryptocurrencies, WienerAI features an AI trading bot that provides real-time insights and strategic guidance for new and experienced traders. This makes it a valuable tool for navigating the volatile crypto market.
More Wieners every day – Our WienerAI family is growing fast! 🐾
More holders = More excitement for our launch!
Ready to join the pack? 🌭🚀 pic.twitter.com/TPFpsjLGFX
— WienerAI (@WienerDogAI) June 13, 2024
WienerAI’s presale success, surpassing $5.8 million, highlights its strong market reception and the strategic interest it’s attracting. The platform’s user-friendly design allows users to ask questions and receive immediate, data-driven answers, significantly reducing the time and effort needed for market research. This innovative feature positions WienerAI as a game-changer in the crypto space.
The native Ethereum-based token, $WAI, is currently priced at $0.000719 and is set for a price increase in less than 24 hours as it moves to the next presale stage. About 13.8 billion $WAI tokens are available in the ongoing presale, representing 20% of its total 69 billion supply, presenting an excellent opportunity for early investors. Another 20% of the tokens are allocated for staking, offering an impressive 213% APY. This enables new holders to start earning passive income immediately after their purchase. Furthermore, the project is secure, with its smart contract fully audited by SOLIDProof.
4. Tellor (TRB)
Tellor is a decentralized oracle protocol that connects off-chain data to on-chain smart contracts. It allows data reporters to supply and validate data permissionlessly, competing for TRB token incentives. This data is essential for DeFi applications, enabling smart contracts to use real-world information. Tellor ensures data integrity by allowing disputes and verifications, creating a robust Oracle solution.
The TRB token is central to Tellor’s ecosystem. Data reporters stake TRB to participate, aligning their incentives with the need for accurate data. If a reporter submits incorrect data, they risk losing their stake if disputed. This discourages malicious reporting and rewards honesty. TRB is also used in governance, where token holders vote on disputes and protocol changes. The governance contract handles conflicts and rewards, ensuring community consensus.
We're happy to see the integration of Tellor in @GyroStable's Consolidated Price Feed mechanism.
Spreading oracle risk across a wider variety of trust assumptions, utilizing fallbacks and circuit breakers is a wise thing to do! https://t.co/j2rGgHQBQF— Tellor (@WeAreTellor) June 13, 2024
TRB has recently seen a significant price jump, surging 4.41% in the past 24 hours. Over the past year, the price skyrocketed by 1,060%, outpacing 96% of the top 100 crypto assets. Tellor trades 93.05% above its 200-day SMA of $53.52, indicating robust growth. However, the 14-day RSI is 72.72, suggesting a potential price correction. In the last 30 days, it enjoyed 16 green days, accounting for 53% of the period, with a low volatility rate of 7%. Its market cap is $266.23 million with a 24-hour volume of $300.52 million, showcasing high liquidity and strong investor interest.
5. Pendle (PENDLE)
Pendle is another DeFi protocol that enables tokenizing and trading future yields. It focuses on separating ownership of yield-generating assets from their future yield, creating new financial instruments tradable on its platform. Pendle’s automated market maker (AMM) supports assets with time decay, addressing the challenge of valuing future yields. This allows liquidity providers and traders to sell future yields for immediate liquidity or speculate on the yield of various DeFi assets.
Pendle’s security framework includes comprehensive audits by reputable firms, enhanced operational security protocols, rigorous code reviews, and continuous system monitoring. Transparency and community engagement are essential, with an open-source codebase on platforms like GitHub encouraging community participation in ongoing security enhancement. Despite the complexity and novelty of its offerings, Pendle aims to provide a secure environment for its users.
POV: You take one of the best stablecoin deposits on @Arbitrum, put it on Pendle, slap on some extra points and fixed APY (21.4%) on top 🏔️ pic.twitter.com/wndTZFrarp
— Pendle (@pendle_fi) June 17, 2024
Pendle’s price today is $5.47, reflecting a 3.43% increase in the last 24 hours. Over the past year, its price has surged by 930%, outshining 96% of the top 100 crypto assets by market cap. It is trading 604.08% above its 200-day SMA of $0.778006, with its 14-day RSI at 48.46, suggesting the gainer is neutral and may trade sideways. With 14 positive trading days in the last 30 days, Pendle has maintained relatively low volatility at 10%. The token also has high liquidity supported by a market cap of $842.94 million and a 24-hour trading volume of $145.05 million.
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