Top Crypto Gainers Today, May 5 – TON, RNDR, AiDoge, DLANCE, KLAY, ECOTERRA, Spongebob, GMX

Meme crypto coin projects are gaining relevance recently, with most of them enjoying price pumps after listing on several exchanges. 

Today, May 5, 2023, TON, RNDR, AiDoge, DLANCE, KLAY, ECOTERRA, SpongeBob, and GMX are the top crypto gainers.

Toncoin (TON)

The TON token has maintained more upward moves than bearish ones, even though its price movements are fairly narrow. As of yesterday, the token made an overall price increase of +2.40% after closing the day at $2.0972.

TON currently trades at $2.1145 at the time of writing, indicating a slight change from its closing price yesterday. However, its price changes in the past 24 hours stand at +2.51%, indicating a slight growth in the same period.

At the start of 2023, the TON token was trading at $2.1787 but soon surged to the day’s high at $2.3267. TON sustained this price range until February 21, when it rose to hit the $2.4 price mark. 

The token fluctuated between the $2.4 and $2.5 price levels over the next month and eventually declined to $2.38 on March 23.

Following this decline was a narrow volatility in its price as the token kept hovering between $2.1 and $2.2. However, there were a few times it visited the $2.3 level, which it could not sustain.

 In the meantime, TON trades at $2.1145, indicating a slight growth in its value compared to its closing price of $2.0972.

Toncoin (TON) Price Prediction According To Technical Indicators

Based on the TON daily chart market above, the token seems to be regaining the bullish trend it displayed yesterday. Although most of the indicators are signaling a bearish trend, the market appears to be reversing from the bearish move throughout today.

According to the chart, the Relative Strength Index (RSI) stands at 40.68, showing more tendency for a sell move. But considering it came from a figure just over the 30 mark, the token could see its price continue in this ongoing bullish move.

On the other hand, the 200-day and 50-day Simple Moving Averages are showing signs of making a Golden Cross, which could signal a bullish trend afterward.

The token market holds a major resistance level at $2.3774 and two main support levels at $2.1311 and $1.3291. The chart shows that its price is bouncing off the support level at $2.1311 to create another green bar today.

Render Token (RNDR)

There have been several price swings to recall from the value of the RNDR token since its inception in 2017. Notably, those who invested in the token at the time of its launch now have an ROI of 5,570%. This indicates a tendency for continuous growth in the price of Render Token, similar to several other major coins, including Bitcoin.

The token’s current value is $2.1795, indicating a significant price growth from its value of $0.4026 at the beginning of the year.

Considering the price of the Render Token at the start of 2023 at $0.4026, it is glaring that the bulls are dominating the market. It surged from the $0.40 price level to hit the $1.0 price mark in three weeks. It continued the trend, arriving at $2.18 on February 7, even though there were some dips to recall.

While its price change over the past 24 hours is down by 4.77%, there is a possibility for continuous bull moves. The token is currently hovering around a newly-created support level, indicating that the bulls are set to take over the market. But here’s what certain technical indicators are projecting.

RNDR Price Prediction Based On Technical Indicators

RNDR is trading below its 50-Day and 200-Day Simple Moving Average (SMA), indicating a short and long-term bearish market. 

Furthermore, the Relative Strength Index (RSI) is at 57.22, a neutral market position for the crypto. However, its upward movement indicates the possibility of RNDR gaining more prices in the short term.

The Moving Average Convergence/Divergence (MACD) is below the signal confirming the current bearish trend of the asset. However, the positive values of this indicator project a bullish trend for RNDR in the coming days.

RNDR’s support levels are $0.6773 and $1.5329. In contrast, the resistance levels are $2.9421, $3.4957, and $4.9049. Render Token is trading towards its $2.9421 resistance. Thus, it’s likely to experience more fluctuations in the course.

AiDoge ($AI)

AiDoge is the leading meme generation platform in the Web3 space. It aims at revolutionizing the meme world with its community-driven approach and cutting-edge technology. This Web3 platform grants unique experiences to its users via its AI-powered meme generation capacity. 

With the use of advanced artificial intelligence, AiDoge allows users to create unique memes with text prompts based on their preferences. Also, AiDoge aims to adapt to the ever-evolving world of crypto. Thus, it powers all activities and transactions on the platform using its native token, $AI.

The $AI token is the primary payment currency on AiDoge. It has numerous utilities, including purchasing credits for meme generation, staking and voting on the best memes, and rewarding participants in the community.

According to the platform’s whitepaper, 50% of the 1 trillion $AI token supply will sell out in the presale stages to raise funds for the project’s marketing and development. 25% of the tokens will go for company vesting, which would last for 10 years. 12.5% of the tokens will be for Liquidity and Listings, while the remaining 12.5% will be used for Community Rewards Programs.

Another day, another milestone! 🔥🚀#AiDoge has now raised over $1.6M in our presale!

You guys are absolutely amazing 😎❤️

Don't miss your chance to grab $AI before the next price increase in 3 days! ⏰

👉 https://t.co/5j5tt4smcs#MemeCoin #Crypto #MemeSeason #AltSeason pic.twitter.com/p4VSJnbgNj

— aidogecrypto (@aidogecrypto) May 5, 2023

The AiDoge token presale is fast selling, which means investors have a time limit to secure the tokens at the lowest bargain price. 

The $AI tokens are currently in the 3rd presale stage out of 20 stages and have raised over $1.6 million in the short term. As of today, May 5, 2023, 1 $AI is worth $0.0000268, and in the next presale stage, the price will reach $0.0000272.

$AI will reach $0.0000336 at the end of the presale and will spike once it lists on several exchanges due to the buzz about its platform. Early investors can take advantage of these presale prices before $AI hits exchanges.

DeeLance ($DLANCE)

DeeLance is a decentralized Web3 platform for freelancers and employers. It aims at redefining the connection pattern between employers and buyers, facilitating confidence and superior efficiency.

Furthermore, DeeLance brings freelancers and employers together for discussion and work in the Metaverse. With innovative creations and a unique digital environment, commercial activities, including freelancer marketplaces, will be useful and highly efficient. 

Freelancers and employers will be able to carry out transactions, purchase virtual spaces in the Metaverse, and even lease virtual office space in the Metaverse. All these will be powered by the platform’s native token, $DLANCE, to ensure security and swift transactions across the platform.

According to the platform’s tokenomics, 30% of the total $DLANCE token supply will go for presale and 18% is reserved for the Ecosystem. 16% goes for Centralized Exchanges (CEX) listing, 14% goes to Advisor/Partnership. 10% of the tokens go to the Team and another 10% for Liquidity. The remaining 2% will be used for Rewards/Airdrop.

Great news, DeeLancers! 👨‍💻

We have achieved another incredible milestone with over $600,000 raised in the presale! 🙌🎉

Let's maintain the momentum! 🚀💪

Get $DLANCE in the #Presale now, before the price increases! ⬇️🔥https://t.co/XHnTqVzeWf#Cryptocoin #Crypto #Metaverse pic.twitter.com/Lu7yBLWLZ0

— DeeLance (@deelance_com) May 4, 2023

The $DLANCE tokens are one of the hottest presales in 2023. The project is already boasting over $600k in the space of 3 presale stages. DeeLance tokens are fast selling out with 3 more presale stages. 

Currently, 1 $DLANCE is equivalent to $0.029; in the fourth stage, the price will increase to $0.031. Also, in stage 5, the token’s price will reach $0.033 and would spike to $0.035 in stage 6. At this bargain price, $DLANCE is one of the most affordable cryptocurrencies today. 

However, it’s likely to experience price volatility once it lists on several exchanges. Investors can grab these tokens now and enjoy huge returns afterward.

Klaytn (KLAY)

KLAY is the native token of the Klaytn blockchain, designed to offer a high-performance platform for developing Decentralized Applications (dApps). KLAY also serves as a utility token for transaction fee payment and accessing dApps on the Klaytn network.

KLAY is currently trading at $0.2284 with a 24-hour trading volume of $15.8 million which is down by 5.93%. The total market cap of KLAY is $705.8 million. The KLAY price has increased by 1.33% within the last 24 hours.

Klaytn is among the leading blockchain platform in South Korea and is currently ranked 67th biggest cryptocurrency. KLAY has a circulating supply of 3.09B KLAY out of a max supply of 10.95B KLAY. 

The KLAY showed a strong upward trend during the previous 7 days, increasing by 2.62%. Klaytn has recently demonstrated a lot of potential; this could be a good time to jump in.

Klaytn Coin (KLAY) Price Prediction Using Technical Indicators

Currently, KLAY is trading between the 200-Day and 50-Day Simple Moving Averages, suggesting a consolidation phase or neutral position. During this period, traders can buy the 50-Day and 200-Day SMAs as potential support and resistance zones.

However, if the price falls below the 50-Day SMA, it means a change in market structure, which may present traders with a buying opportunity.

The current RSI for KLAY is 63.08; this indicates the market is approaching the overbought zone, and there’s strong buying pressure.

The MACD line is currently above the signal line, indicating a potential buy opportunity. The MACD histogram also confirms the bullish sentiment as the histogram is above the zero line. The momentum might shift to the upside if the bulls maintain the pressure.

Ecoterra ($ECOTERRA)

Ecoterra is a blockchain-driven ecosystem that rewards users and companies for participating in eco-friendly activities. It comes with a Web3-powered Recycle-2-Earn app that allows users to monitor their eco-friendly practices and impact actions while improving their profile. 

Furthermore, it allows users to instantly scan the barcode of any recyclable product or electricity bill to match the platform’s database. After scanning, users can now earn once they recycle the products. 

With the platform’s mobile app, users can locate the nearest RVM machine, making scanning and recycling products easier. Furthermore, Ecoterra provides several reward options for users and companies, enabling them to also earn for purchasing recycled products.

To ensure security, fast transaction speed, and transparency in the platform, Ecoterra uses its native crypto token, $ECOTERRA, as the primary currency for all transactions on the platform. As such, users earn in crypto for maintaining an eco-friendly environment.

According to the Ecoterra Whitepaper, 50% of the total $ECOTERRA token supply is available for presale while the remaining tokens are designated for Ecosystem liquidity (20%), Marketing (10%), Listing (10%), Team (5%), and Corporate Adoption (5%).

The $ECOTERRA tokens are the fastest selling, with over $3 million raised so far. The tokens are in the 5th presale stage at $0.007. In the 6th stage, the price will reach $0.00775, and by stage 7, it will climb to $0.0085. 

The tokens will sell at $0.00925 in stage 8 and will spike to $0.01 at the end of the presale. Once the tokens hit crypto exchanges, the price will skyrocket, rewarding early investors with massive gains.

Spongebob ($SPONGE)

Spongebob ($SPONGE) is a community-driven meme coin. Unlike other meme coin crypto projects, Spongebob has no presale, platform roadmap, or utility. However, the love for the popular SpongeBob SquarePants cartoon character is driving this new project.

Its maximum supply is 40,400,000,000 $SPONGE, while its circulating supply is 36,360,000,000 $SPONGE. 

As of yesterday, May 4, 2023, Sponge traded at $0.00007261 with a 28.37% price gain. Today, May 5, 2023, SPONGE is up by 717.23% at the time of writing and is trading at $0.0005958. 

This dramatic price pump of the meme coin can make Sponge the next trending project, even though its utility is not defined.

GMX ($GMX)

GMX offers spot and perpetual listings and leverages to users on its decentralized exchange (DEX) with its low swapping fees and “zero price impact trades.” This allows investors to borrow and invest money, making it an attractive platform for many traders.

GMX’s price last week was $72.84, down by -4.7%. However, today, May 5, 2023, the price of GMX is at $71.34, with a 3.47% price gain at the time of writing. 

According to Coincodex, GMX sentiment is neutral with a Fear and Greed Index of 61, which signifies Greed. GMX is currently ranked #74 in the overall crypto ecosystem with a market cap of $619 million.

Conclusion

The crypto gainers mentioned above are the top gainers of today. However, due to the volatility of crypto coins, proper risk management techniques and technical analysis must be in place before investment.