Top Crypto Gainers Today, May 12 – XLM, GUSD, AiDoge, Launchpad, yPredict, DLANCE, UNI, ECOTERRA, SPONGE

The gains in the meme crypto space are surprising and alluring at the same time. Many crypto projects, including new and existing tokens, are currently recording recent milestone achievements. 

Following the dramatic price pumps and promising price outlooks of the projects, investors are prone to huge returns over time.

 Today, May 12, 2023, the top crypto gainers are XLM, GUSD, AiDoge, Launchpad, yPredict, DLANCE, UNI, ECOTERRA, and SPOONGE.

Stellar (XLM)

Stellar is a decentralized network built by the Stellar Development Foundation in 2014. It aims at optimizing financial systems and facilitating transactions at minimal cost. 

XLM (Lumens) is the native token of the network and acts as its currency to process transactions. The Stellar protocol converts money swiftly into XLM, then to the desired currency. 

The network is highly secured, and XLM holders must have a minimum of one token to remain active participants on its network. 

Also, it supports multi-currency transactions, a valuable feature for its users.

XLM price is increasing gradually in 2023, despite market volatility. It traded at $0.07252 on January 1, 2023, and climbed to $0.0814 on January 11.

It moved to the $0.09 price level by January 21 and traded between $0.8 and $0.9 in February.

Also, it experienced a decline in March, dropping back to $0.07709 on March 9. However, it rallied back to the $0.09 range shortly after. 

XLM moved into an uptrend on March 29, trading at $0.1019, maintaining this price level till April 19, when it returned to $0.09. 

However, XLM dropped lower to the $0.08 price level in May. 

XLM Outlook On Daily Chart

XLM is in a sideways trend, forming a red candle on the daily price chart. The asset has dropped below its 50-day and 200-day Simple Moving Averages (SMA) with a bearish sentiment. 

XLM’s price has declined despite forming a golden cross on April 14. This implies that the bears are in control of the market. 

Also, its Relative Strength Index (RSI) is 34.38, close to the oversold region of 30. However, the indicator is moving sideways, expressing a neutral sentiment.

XLM’s Moving Average Convergence/Divergence (MACD) is below its signal line and showing negative values.

Notably, the histogram bars hint at a possible positive trend reversal. XLM will likely reclaim its higher highs once the bulls resume their uptrend. 

Gemini Dollar (GUSD)

GUSD is an ERC-20 token built on the Ethereum blockchain that operates with smart contracts audited by the security company Trail of Bits Inc.

It belongs to the Gemini exchange, one of the largest crypto trading hubs in the world. 

GUSD is a stablecoin and the first to get regulatory backing from U.S. regulators. It maintains its value mostly despite extreme price fluctuations.

It achieves this stability using advanced computation and pegs its value to assets such as gold, USD, or EUR. The GUSD gives users a transparent link between traditional finance systems and the blockchain industry. 

Also, to maintain its dollar peg, the deposit balance at Gemini’s U.S. bank undergoes a monthly inspection by accounting firms. 

GUSD traded below $1 on January 1, as the bearish pressure forced its price to $0.99.

After some fluctuations, it traded at $1 on January 5, with slight deviations till February 8, when it declined to $0.98. 

Also, GUSD traded in March at $0.99 till it returned to $1 in April and maintained the price level in May. 

It is safe to say there has been no catastrophic deviation from its dollar peg, with some slight variations noted. 

GUSD On Daily Chart

GUSD is trading below its 50-day and 200-day Simple Moving Averages (SMA), reflecting the bearish pressure in the market today. 

It is currently trading at the $0.99 price level below the $1-dollar mark. Also, the Relative Strength Index (RSI) is 41.72 in the neutral zone. Also, it is moving sideways, reflecting the current trend on the daily chart. 

GUSD’s Moving Average Convergence/Divergence (MACD) is below its signal line and bearish, displaying a negative value. It implies that the asset will likely continue to trade in the red for the coming days.  

GUSD is a stablecoin and hardly deviates much from the $1-dollar mark since it has a US dollar peg. Based on its past price performance, expect a return to $1 in the coming days.

AiDoge (AI)

$AI is a unique meme coin project with a major focus on its community thanks to diverse utilities, including staking for daily credits, voting, etc.

In addition to its utility, $AI is the primary currency for all activities and transactions on its meme generation platform, AiDoge.

AiDoge is revolutionizing the meme creation space by combining two leading worlds, crypto and artificial intelligence (AI), to give unique results. 

In other words, the Web3-centered meme generator, AiDoge, uses AI and machine learning (ML) to change how memes are created completely. Its users only need to input their preferred text prompts and get their memes created in no time.

As mentioned earlier, $AI is utility-infused. Thus, it enables users on AiDoge to purchase credits for creating memes. 

Also, users can stake their tokens for as long as they want to receive free credits daily. Furthermore, the platform uses the tokens to reward its community members, including the best meme creators and participants that voted on memes.

So far, the AiDoge tokens presale has raised over $6.1 million and is fast selling out. The tokens are in stage 9 with a price of $0.0000292. In the next few days, the price will rise to $0.0000296 (stage 10).

Since the AiDoge project is futuristic with a multiple-use token, investors are grabbing these tokens rapidly to make the most of them in the long run. 

11 more stages are left before $AI reaches $0.0000336. It will also spike when it lists on several exchanges. 

Interested investors can take advantage of these presale prices to be part of this journey to the future. 

Launchpad XYZ (LPX)

Launchpad XYZ is a fully-fledged home of everything Web3. It aims to provide all the vital tools crypto investors need to navigate across Web3, gaining insights on trading analytics, news, alpha, and strategy.

As such, it helps investors to take guided investment steps in the platform. With its innovative dashboard, they can access unique market data, vital details, market sentiment, news on several cryptocurrencies, and presales of new cryptocurrencies. 

By simplifying an entire Web3 space into one user-friendly platform, Launchpad XYZ could become the next big thing in the industry.

Launchpad XYZ is powered by a valuable token, $LPX, which would serve as the primary currency and driver for all activities on the platform, including play-to-earn games, NFT rewards, etc.

According to Launchpad’s tokenomics, 250,000,000 LPX tokens are out for presales, 125,000,000 for the team, 150,000,000 for user acquisition, 400,000,000 for platform development, and 100,000,000 for Market making.

The tokens presale has just begun, offering 1 $LPX at $0.035 (stage 1). In the short term, the presale is already boasting $313,998 in funds raised. Before the last presale stage (10), the presale is likely to raise millions of thousands.

Also, at the end of the presale, $LPX will list initially at the price of $0.07. But when it hits several exchanges, the price might skyrocket. 

yPredict (YPRED)

yPredict has raised $925,110 today in its token presale, an addition of $54,935 in less than a day. 

The AI-powered crypto toolkit, yPredict, is a unique project that aims at initiating a comprehensive prediction toolkit for crypto analysts, quants, traders, and even software developers. 

As such, it allows users to create unique prediction models to monitor the price behaviors of several tokens.

With the integration of artificial intelligence (AI), these predictive models will analyze the market’s movement to ensure precise predictions. 

This way, traders and all yPredict users can profit from their predictions, reducing the loss of money caused by poor predictions. 

yPredict will revolutionize the world of AI and cryptocurrency by combining both to give users the best AI-driven crypto prediction experience.

 Thus, it has numerous AI-driven features, including automated analysis, Chart trading, etc.

As a highly rewarding project, yPredict creates an unending income stream for users via its marketplace, allowing users to showcase their predictions for other traders. 

To access these predictions, traders will need to pay for subscriptions. This attribute will boost the relevance of the platform to many users.

Also, users can access many features when they stake their $YPRED tokens for longer periods. Since the tokens are in presale now, interested investors can buy them at a discount.

$YPRED is in presale stage 4 at $0.05 with a few days to $0.07 (stage 5), a 28.57% increase. By the end of the presale, it will list at $0.12.

Over 80% of the tokens are already sold out. Investors can grab as many tokens as they want now before the presale ends.

DeeLance (DLANCE)

DeeLance token, $DLANCE presale is now in the third stage, raising over $823K in the past 2 weeks. The presale has attracted numerous investors thanks to its potential and revolutionary plans.

DeeLance is a Web3 crypto-powered freelancing platform where employers and freelancers connect virtually via the Metaverse to socialize, work, and earn. 

As such, DeeLance uses smart contract audits and blockchain to secure the platform strictly, enhancing its users’ data privacy, security, and work ownership rights. 

Also, it backs all submitted work or purchased properties across the platform using NFT to ensure clients own what they paid for. Furthermore, they are verifiable via DeeLance’s blockchain.

In contrast to some freelance sites like Fivver and Upwork that charge 5.5% and 3.5%, respectively, DeeLance takes only 2% from its users and even allows instant withdrawal. 

Interestingly, in DeeLance’s metaverse, users can purchase lands, commercial office spaces, business adverts, or even lease office spaces. 

Notably, most of these features and tools are accessible using the $DLANCE ERC-20 token on the platform.

DeeLance’s token presale is live and has entered the 3rd presale stage with a price of $0.033. It will sell at $0.038 in the next stage and keep increasing as the stages come. 

By the last stage, it will list for $0.057. Moreover, it will spike after hitting major exchanges.

Uniswap (UNI)

While the broader meme market is experiencing a significant price explosion, UNI is also making waves in the crypto market.

According to a 24-hour market watch, UNI’s current price is about $5.09. But the token witnessed a 21.27% loss in trading volume. 

Despite this loss, the token still holds its place among the top digital asset in the crypto space, with an estimated market cap of $2.9 billion.

The current UNI market sentiment indicates bearish as the Fear and Greed index analysis shows 38% (FEAR). 

This means that investors and traders are worried about the current market conditions or are uncertain about the future performance of UNI. But the charts say something positive. 

UNI Outlook on Daily Chart

UNI/USDT currently trades above the 50-day and 200-day Simple moving averages (SMA). This indicates that both short-term and long-term movement is bullish. It also suggests that the buying pressure is high, and traders may view this as a bullish signal.

The Relative Strength Index (RSI) indicator shows 51 (Neutral level). This indicates that the market is currently not in any trend as there’s indecision among the bulls and bears.

However, the Moving Average Convergence Divergence (MACD) negates the previous indicators as it trades below its signal line. This shows that the market is facing high selling pressure from the bears.

The histogram trading below zero also confirms the bearish sentiment.

Ecoterra (ECOTERRA)

Ecoterra’s token presale, $ECOTERRA, has reached over $3.5 million in less than a day, representing an additional $100K and more.

The revolutionary “Recycle2Earn” project, Ecoterra, enables individuals and businesses to get rewards for recycling and participating in eco-friendly activities. 

It offers a marketplace for carbon offsets and a shop for recycled materials, with a trackable impact user profile, making it a genuine “all-in-one” ecosystem that facilitates collaboration.

In addition, Ecoterra has a mobile app that helps users scan recyclable items or their utility bills to earn crypto, $ECOTERRA. 

Also, they receive crypto rewards when they purchase products from the Carbon Offset Marketplace.

Today, May 12, the $ECOTERRA tokens have entered stage 6 and are selling off at $0.00775. In a few days, it will increase to $0.0085. 

At the end of the presale, $ECOTERRA will list at $0.01. Interested investors should hurry to grab some tokens before it skyrockets.

Spongebob (SPONGE)

Over the past weeks, the meme coins industry has witnessed a stellar performance, rising by over 100% – 1000%.

 Spongebob ($SPONGE) joined the trend and pumped significantly on May 4, 2023, when it was added to Uniswap’s lineup.

At the time of writing, the token has an estimated market cap of $20.81 million, accompanied by a $14.1 million 24-hour trading volume. 

$SPONGE is an ERC-20 token with a total supply of over 40.4 billion tokens. The token had some negative price impact earlier today, leading the token to drop by 40.41%.

$SPONGE Price Outlook On Daily Chart

SPONGUSDT is currently trading below the 200-Day and 50-Day Simple Moving Averages (SMA), suggesting that the token’s price is on a downtrend. It indicates weak bullish momentum and may suggest high selling pressure.

The Relative Strength Index (RSI) has a reading of 50.43% in the SPONGE chart. This indicates that the price is in the neutral zone. 

The indicator also suggests that there’s indecision in the market presently, and also, the selling momentum is low.

The Moving Average Convergence Divergence (MACD) is below its signal line. This show that the bears are building momentum to take control of the market.

Additionally, the histogram is increasing, implying that the bearish momentum is gaining strength. 

The situation suggests that SPONGE is facing downward pressure from the bears, which could continue for some time, allowing traders to short the token.