Join Our Telegram channel to stay up to date on breaking news coverage
In a dramatic turn, the crypto market faced a significant downturn on Monday, marking one of the sharpest declines since the resurgence of digital assets last year. Investors are now closely eyeing the $60,000 level as critical technical support for Bitcoin, hoping it will prevent further losses amidst heightened volatility.
Simultaneously, Nvidia, a major player in artificial intelligence, faced a setback with a nearly 7% decline. This caused the company to lose approximately $430 billion in market value over three trading sessions, marking a historic three-day loss.
On a broader scale, Bitcoin and Nvidia have delivered impressive returns over extended periods. After stabilizing on Tuesday with a modest 3% recovery to surpass $61,000, Bitcoin nevertheless reflects ongoing resilience in investor sentiment.
Biggest Crypto Gainers Today – Top List
Among today’s gainers are some unique projects: Aave, Nervos Network, Rowan Token, and Akash Network. Aave leads the charge with its decentralized lending protocol on Ethereum, offering users interest earnings and innovative features like flash loans. Meanwhile, Nervos Network stands out for enhancing Bitcoin’s technology through its Layer-1 blockchain and RGB++ protocol, driving substantial network growth.
Rowan Token introduces a pioneering framework for tokenizing green energy and Carbon Offset Certificates, empowering renewable energy producers. Akash Network revolutionizes cloud computing with blockchain, providing an open marketplace for computing resources. These top gainers highlight diverse innovations and solid market performance worth analyzing.
1. Aave (AAVE)
Aave is a decentralized, open-source lending protocol on the Ethereum blockchain. It allows users to earn interest on deposits and borrow various cryptocurrencies. Aave supports 22 ERC-20 tokens for these transactions and offers advanced features like flash loans and liquidity pool token trading.
Users who deposit tokens receive aTokens in return, which accrue interest over time. Borrowers can opt for either variable or stable interest rates. The stable rate can adjust in response to significant market shifts, while the variable rate remains lower but fluctuates with demand.
Flash loans are a pivotal feature allowing users to borrow unsecured funds instantly, provided repayment occurs within the same Ethereum transaction. They are primarily utilized for arbitrage opportunities and yield farming strategies within the decentralized finance (DeFi) ecosystem. Aave also introduces a market for lending liquidity pool tokens from exchanges like Uniswap. These tokens provide additional returns for liquidity providers.
Aave’s TVL increased by 100% since the beginning of this year. Read more: https://t.co/VKq1d5X7Wj
— Aave Labs (@aave) June 12, 2024
Aave’s price is $90.86, a 14.28% increase in the last 24 hours. The token shows high liquidity with a volume-to-market cap ratio of 0.2355. The 14-day RSI is 60.18, indicating neutral conditions. Over the past 30 days, Aave had 10 green days, making up 33% of the month. The 30-day volatility is low at 10%. It trades 16.46% above its 200-day Simple Moving Average (SMA) of $78.04. Over the past year, its price increased by 40%, outperforming 40% of the top 100 crypto assets.
2. Nervos Network (CKB)
Nervos Network is a unique project aiming to create a secure peer-to-peer network for various blockchain services. These include smart contracts, asset issuance, decentralized applications (dApps), interoperability between blockchains, and secure data storage. The mainnet launched in November 2019 with a dual-layer architecture.
The Common Knowledge Base base layer uses a Proof-of-Work (PoW) consensus and hosts the CKByte (CKB) cryptocurrency. This layer ensures network security and resource management. The computation layer processes transactions and runs decentralized applications (dApps) and smart contracts.
Messari recently published a detailed report on Nervos Network, emphasizing its significant contributions to enhancing Bitcoin’s technology. The report outlines how Nervos leverages its innovative Layer-1 blockchain and the RGB++ protocol to address scalability and programmability challenges within the Bitcoin ecosystem. The RGB++ protocol enables smart contracts and asset issuance on Bitcoin’s blockchain. Since its implementation, the protocol has driven a notable 181% month-over-month increase in new addresses in April.
@NervosNetwork is one of several Bitcoin scaling solutions that takes a more native approach by modifying the UTXO model.
It aims to strengthen its position within the L2 space by simplifying the UX and dev. experience.
Read the comprehensive overview: https://t.co/SiFG5ALa5g
— Messari (@MessariCrypto) June 21, 2024
CKB’s current value is $0.011551, reflecting a 13.48% increase in the last 24 hours. The token has high liquidity, with a volume-to-market cap ratio of 0.1128. The 14-day RSI is 48.15, indicating the token is currently neutral and may trade sideways. It is trading 56.76% above its 200-day SMA of $0.007369. Over the past year, the token’s price has increased by 290%, outperforming 80% of the top 100 crypto assets by market cap. In the last 30 days, the token had 10 green days, with volatility currently at 17%, indicating relatively low price fluctuations.
3. Base Dawgz (DAWGZ)
Base Dawgz has rapidly surged in popularity, exceeding $2 million in its presale. This milestone is a testament to its unique appeal, blending the thrill of base jumping with the cultural allure of the Shiba Inu meme. Priced at $0.005534 and showing steady appreciation, $DAWGZ is poised for further growth with the impending launch of its staking protocol. Early presale participants stand to gain bonus rewards once staking becomes available, enhancing the coin’s attractiveness.
Regarding tokenomics, the presale offered only 20% of the total supply. Allocations included 20% for staking rewards, 20% for liquidity, and 15% each for marketing and $DAWGZ holder rewards. The remaining 10% is designated for securing listings on premier platforms, ensuring broad accessibility and liquidity. These strategic allocations underscore Base Dawgz’s commitment to sustainable growth and ecosystem development.
Base Dawgz spans Base, Ethereum, Solana, Binance Smart Chain, and Avalanche, enabling seamless money transfers across blockchain ecosystems. This multi-chain capability ensures widespread availability. DAWGZ will be accessible on numerous decentralized exchanges (DEXes), leveraging the strengths of busy blockchain networks to maximize liquidity and utility for users worldwide.
4. Rowan Token (RWN)
Rowan introduces a peer-to-peer framework using a unique Proof of Generation consensus to tokenize green energy and Carbon Offset Certificates. This allows for rewarding renewable energy production, particularly benefiting small generators like home solar panel owners. The blockchain base layer securely handles these tokens, ensuring accurate transactions between buyers and sellers of renewable energy certificates. Custom hardware and user-friendly software solutions ease integration into home generators, overcoming typical blockchain adoption barriers.
The Rowan Energy vision empowers rooftop solar owners to sell excess energy peer-to-peer, enhancing rewards and accelerating payment terms nearly instantaneously. Users can utilize tokens earned for energy bills, savings, trading, or charitable donations. The solution promotes transparency by enabling consumers to trace energy origins and production methods.
RWN’s current price is $0.152576, a 13.63% increase in the last 24 hours. Despite this surge, the 14-day RSI of 68.18 suggests the cryptocurrency is currently neutral and may trade sideways soon. Over the past 30 trading days, the token experienced green days on 10 occasions, accounting for 33% of the period, indicating mixed performance.
Exciting upgrades are coming to @RowanEnergy's blockchain and wallets soon!⚡
The updates will supercharge your experience interacting with blockchain and our app!
Here’s what you can expect 👇
— Rowan Energy (@RowanEnergy) June 25, 2024
The 30-day volatility is relatively moderate at 25%, signaling stability compared to more volatile assets. Trading significantly above its 200-day SMA by 665.14%, which stands at $0.019941, reflects bullish solid momentum over the long term. In the past year, the token’s price has skyrocketed by 36,436%, outperforming 99% of the top 100 crypto assets by market cap, underscoring its exceptional growth and market positioning.
5. Akash Network (AKT)
Akash Network spearheads a decentralized approach to cloud computing, leveraging blockchain technology to create an open-source marketplace for computing resources. This platform disrupts traditional cloud services by offering enhanced efficiency, security, and cost-effectiveness. Users can buy and sell computing power, catering to various applications from website hosting to complex computations, all facilitated by its native token.
Akash Network supports Infrastructure as Code (IaC), enabling automated deployment and management of infrastructure using code. Integrated with Kubernetes, it simplifies containerized application deployment. Unique features include dedicated IP leasing and persistent storage solutions, enhancing its utility for developers and businesses.
AKT, Akash Network’s native token, plays a pivotal role in its ecosystem. AKT is used for staking and governance, incentivizing participation, and ensuring the platform’s security and integrity. The current price is $3.00, marking a rise of 10.18% within the past 24 hours. It holds medium liquidity with a volume-to-market cap ratio of 0.0152, based on a market cap of $713.47M and a 24-hour trading volume of $10.87M. The 14-day RSI is neutral at 57.04, suggesting potential for sideways movement.
$AKT is live on Kado.
People in over 150 countries can now quickly and easily access $AKT via credit cards, bank transfers, and Apple Pay. https://t.co/Bnqfg51SjD
— Akash Network (@akashnet_) June 21, 2024
In the past 30 days, AKT has seen 8 green trading days, with a 20% 30-day volatility indicating moderate price fluctuations. AKT is trading significantly above its 200-day SMA by 195.74%, currently at $ 1.0128. Over the past year, it has surged by 388%, outpacing 83% of the top 100 crypto assets by market capitalization.
Read More
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
