Top Crypto Gainers Today, May 8 – PEPE, RNDR, AiDoge, Launchpad, ypredict, DLANCE, STX, ECOTERRA, SPONGE

Over the last 24 hours, the wider crypto market has experienced a modest 0.73% increase, reaching a total valuation of $1.20 trillion. However, the prices of cryptocurrencies have remained largely stagnant, with Bitcoin hovering around the $27,800 mark.

The subdued market activity could be linked to the prevailing negative outlook for the U.S. financial sector, which has been further compounded by reports of another bank’s substantial share value loss. The U.S. Federal Reserve’s decision to raise interest rates by 0.25%, bringing the total hike to 5%, has also added to the pressure on the financial industry.

Despite the financial turbulence, there is still positive market sentiment as bullish investors remain resilient. According to data from Alternative, a company that analyzes the “emotions and sentiments” surrounding cryptocurrencies, the Crypto Fear and Greed Index is currently in the “Greed” zone. Alternative states that when this index shows “Greed,” investors tend to purchase more, which is a favorable indication for the market. 

As a result, many investors are shifting their capital to alternative coins, such as Pepe (PEPE), RNDR, and SpongeBob (SPONGE), which have demonstrated promising performance in recent days. Let’s look at the top crypto gainers today.

Pepe (PEPE)

PEPE, the meme-inspired cryptocurrency, has seen a meteoric rise in the three weeks since its launch, largely due to its absurd origins and growing mainstream support within the crypto community. In just two weeks, the coin’s value surged by over 600%, with its trading price sitting at $0.00000224 at press time.

#Binance will list @pepecoineth $PEPE and @RealFlokiInu $FLOKI in the innovation zone.

➡️ https://t.co/yxcINj0whc pic.twitter.com/o4UTvWZkHj

— Binance (@binance) May 5, 2023

A significant factor contributing to this bullish frenzy was the recent announcement of its listing on major cryptocurrency exchanges, including Binance. This news served as a major catalyst for the rally, as Binance confirmed it would be adding PEPE coins to its platform, with trading pairs in USDT and TUSD, starting on May 5th. As a result, PEPE has continued to attract attention and investment from traders seeking to capitalize on its surging popularity.

The recent listing on major crypto exchanges gave PEPE coin a significant boost in legitimacy, resulting in its market capitalization crossing the $1 billion mark and securing its place among the top cryptocurrencies by market value. However, according to CoinGecko, PEPE’s total value has since gone below that mark to stand at $942,246,960 million, and it holds the #57 position in the ranking.

The Relative Strength Index (RSI) and moving averages are showing a downward trend, with the RSI indicating a price strength of 47, suggesting that slightly bearish traders are in control of the PEPE price. Overall, the current market conditions appear favorable for PEPE’s continued growth and success in the crypto space.

Render (RNDR)

Last week was a blast for Render Token (RNDR), which experienced a 5% surge after confirming strong support at $2. Although at the time of writing, RNDR is trading at $1.87, which is a 14.4% decline from its briefly tested resistance at $2.5. If RNDR manages to break above the $2 resistance level, the upward momentum could focus on higher targets at $3 and $5. 

However, the Moving Average Convergence Divergence (MACD) indicator suggests that buyers need to push aggressively to maintain the current trend. Otherwise, a trend reversal may occur, as indicated by the blue MACD line crossing beneath the red signal line.  The relative strength index (RSI) is also on a downward trend, indicating that the bears are currently in control.

However, the 50 day and 200 day moving averages are still in support of the bullish trend, indicating that the bears are in control for a short time if the price bounces back on the 50 day moving averages. Furthermore, the price of RNDR is still trading above the daily up trendline.

AiDoge (AI)

AiDoge (AI) has emerged as one of the top performing cryptocurrencies due to its innovative integration of advanced artificial intelligence (AI) technology into the crypto space. This has resulted in a surge in its popularity and market value.

What do you get when you combine AI and #MemeCoins? ?#AIDoge – the perfect mix of utility and innovation! ?

Seriously. You don’t want to miss out on $AI.?

Join the #Presale today! ??
? https://t.co/5j5tt4smcs$PEPE $FLOKI $SHIB $DOGE $BONE $ELON $QUACK $VOLT #PepeCoin pic.twitter.com/NpHccEOWdS

— aidogecrypto (@aidogecrypto) May 5, 2023

Unlike other meme tokens that rely solely on media hype and lack utility, AI has intrinsic use cases for internet users through its ecosystem. AiDoge is a decentralized meme project that utilizes generative AI technology to enable users to create high-quality memes easily.

Investors worldwide are showing significant interest in the ongoing presale of $AI, which has already raised over $2.9 million. The project, AiDoge, aims to disrupt the internet meme sector and leverage the expanding potential of the artificial intelligence ecosystem, making it an attractive investment opportunity for crypto enthusiasts globally.

To participate in the ongoing presale, interested traders can acquire $AI tokens using ETH, USDT, or funds on their bank cards. The current price of the digital asset is $0.0000264, but it is expected to rise to $0.0000268 when the new presale phase begins in four days.

For more information on how to participate in the presale, interested individuals can visit the AiDoge website. With the growing interest in the project and the potential of its innovative AI-powered meme creation ecosystem, $AI tokens could be a lucrative investment opportunity for those looking to capitalize on the emerging trends in the crypto market.

yPredict (YPRED)

yPredict (YPRED) is an AI-powered platform that provides access to financial AI models created by experts in finance, cryptocurrency, and AI development. The platform uses NLP to analyze the sentiment of various tokens and offers technical analysis and trading signals powered by AI.

Investors can buy YPRED tokens and receive 10% of all new subscriptions by staking them. They can also use the tokens to access educational materials, administer tests and quizzes, and earn extra tokens through the Learn 2 Earn function.

?? Breaking news from the cosmos: Intergalactic investor Zaltron discovered #yPredict, the innovative AI-powered trading platform, and has successfully joined the #YPRED revolution! Experience the future of crypto trading with unparalleled AI capabilities. Get ready for… pic.twitter.com/5gL0L13s98

— yPredict.ai (@yPredict_ai) May 8, 2023

Predict imposes a significant selling tax of 7% on every transaction, with four different percentages allocated for liquidity, development, research, and marketing. This strategy encourages long-term holdings and supports the growth and expansion of the platform.

The current price of YPRED is $0.05, and it is expected to rise to $0.12 by the final round of the presale. The project aims to raise over $6.5 million and has already raised over $711,000 in stage 4 of the presale.

YPRED’s partnership with industry and experts is expected to boost the platform’s credibility and adoption. Early investors in YPRED may see significant returns as the platform continues to grow and expand, potentially increasing the value of the token.

Launchpad ($LPX)

Launchpad XYZ is a novel platform that aims to become the hub for the next wave of digital content by providing consumers with essential information about upcoming crypto presales, project details, whitepapers, roadmap objectives, and core staff. Additionally, users will receive notifications about new NFTs and play-to-earn games.

Furthermore, Launchpad XYZ is working towards developing a decentralized exchange, which will allow users to execute trades using their Launchpad XYZ insights and strategies without leaving the platform. In essence, Launchpad XYZ seeks to be a one-stop-shop for all Web 3.0 trading needs, offering a comprehensive suite of features, including an NFT DEX, a fractionalized asset marketplace, and a custom-built trading interface. Regardless of their skill level, investors will find an all-in-one solution on Launchpad XYZ.

Trade with confidence when using Launchpad XYZ's wallet ?

? You can sign up with just your email or phone number and enjoy access to all of our Web3 services and activities ?

Join our #Presale today and help us build the #Web3 dream home ?https://t.co/mkRfTjB13H pic.twitter.com/hP9HHtvFDG

— Launchpad.xyz (@launchpadlpx) May 8, 2023

Launchpad XYZ is a Web3-based application that offers presale projects and eliminates the possibility of rug pulls. It provides users with the option to claim tokens directly to their Launchpad XYZ Web3 Wallets. The platform aims to follow the success of the best ICO cryptos by enabling early investors to purchase tokens at a low price compared to the eventual listing price.

The Launchpad XYZ presale will comprise 10 stages, with the price gradually increasing at each stage. The earliest investors will benefit from a lower entry point. The presale’s soft cap target is $5 million, which is the minimum amount required to proceed with the project, while the hard cap is set at $12.5 million, representing the maximum amount the presale can raise.

In its first stage, Launchpad has already raised $233,909, with its price trading at $0.037. You can now buy the LPX tokens before their price increases as the presale continues. 

Ecoterra

Ecoterra has developed an innovative approach to motivating people to fight climate change by creating the Recycle2Earn (R2E) reward system. This system allows users to earn tokens for their recycling activities, promoting recycling and advancing the transition to a more sustainable future.

#EcoCrypto is paving the way for a greener and more sustainable future and $ECOTERRA is leading the revolution with well over $3 MILLION RAISED!

Act fast as this opportunity won't last. Join our #Presale now! ⬇️https://t.co/1fYkPOsPYG pic.twitter.com/yV3gfHPsUI

— ecoterra (@ecoterraio) May 8, 2023

By participating in the Ecoterra ecosystem, users can exchange tokens with other participants, with token values increasing as the presale reaches different milestones. Early involvement can be beneficial for investors.

To participate in the recycling program, users need to scan the barcode of the item they want to recycle, and the program will calculate the potential revenues if it finds a matching item in its database. Consumers are then directed to a recycling vending machine (RVM) where they can dispose of their waste. After completing the process, users can upload a photo of their receipt and receive ECOTERRA tokens as a reward. These tokens can be used to buy recycled materials and carbon credits in the Ecoterra ecosystem.

The Ecoterra presale has raised $3.3 million as of today and is in stage six, with the cost of one ECOTERRA being $0.00775. Investors can buy ECOTERRA tokens using ETH, USDT, or a credit card.

Through an impact trackable social profile, users can keep track of the immediate effects of their actions, making the Ecoterra ecosystem an excellent platform for people looking to reduce their carbon footprint and fight climate change.

DLANCE

The global gig economy is projected to exceed $450 billion by 2023, while the freelancing industry alone is set to surpass $12 billion by 2028, as per a recent report by the World Economic Forum (WEF). The report further revealed that 65% of employees now prefer full-time remote work and have no desire to return to the traditional office setting.

Web3 technology is unlocking unprecedented opportunities in the freelancing sector, and DeeLance is one platform leading the charge in this workforce transformation. DeeLance is a pioneering web3 freelancing platform that is revolutionizing how freelancers and clients engage with each other in a decentralized, transparent, and secure environment.

Hey DeeLancers!?‍?

When it comes to Explore, Work, and Earn, a supportive community is vital for a fulfilling experience!?⚡️

If you are someone with the necessary skills & passion, then join our Community today! ??$DLANCE presale is live⬇️https://t.co/XHnTqVzMLN#crypto pic.twitter.com/GrICETw76r

— DeeLance (@deelance_com) May 8, 2023

The use of NFTs has become critical in ensuring secure digital ownership of work, enabling freelancers to tokenize their creations and safely transfer ownership to clients. Furthermore, the emergence of the Metaverse is set to provide a virtual space for collaboration and networking, where freelancers can have virtual offices and engage with clients using digital avatars.

As a recruitment marketplace, DeeLance aims to simplify the hiring process by connecting skilled professionals with top-notch job opportunities. The platform’s recent presale has already garnered substantial investor confidence, raising over $722,000. With only 6 days left until the end of the presale stage, DLANCE is valued at $0.029. Hurry and buy into the presale before the price increases to $0.033.

This success indicates the growing recognition of DeeLance’s utility token, $DLANCE, and its potential to revolutionize the freelancing industry.

To participate in the DLANCE presale, please visit the DeeLance website.

SpongeBob ($SPONGE)

The meme currency SpongeBob (SPONGE) is causing a stir in the market as it continues to gain momentum following its listing on various crypto exchanges. CoinMarketCap named SpongeBob among the top ten meme currencies, surpassing Pepe in percentage growth.

Today, the most traded Uniswap meme coin, $SPONGE, launched on the Poloniex centralized exchange (CEX), and deposits have been open since 10:00 UTC. The news of the Poloniex listing indicates that SPONGE can now be traded on four CEX, and its momentum is expected to continue. On May 8, LBank, CoinW, and Toobit, ranked 23rd and 32nd, respectively, also listed $SPONGE.

? $SPONGE / $USDT is now live on @Poloniex ?

➡️ Absorb the damp now! ?

➡️ More CEX listings on the way ✅https://t.co/PNn3dHQK8n$PEPE $TURBO $MONG $HER $JEFF $RIBBIT $POOH $BOB pic.twitter.com/zMO6OR14A2

— $SPONGE (@spongeoneth) May 8, 2023

In just a few days, $SPONGE has emerged as a leader in the new wave of meme coins, alongside Pepe and other tokens that have garnered significant interest. While there is still room for growth, experienced investors recognize that retracements can present profitable buying opportunities and indicate healthy market development with sustainable price formation.

As of press time, $SPONGE was trading at $0.001338, bouncing back strongly from its recent low of $0.0008541. According to CoinMarketCap, $SPONGE has risen by 90% in the last 24 hours, although it is still below its all-time high of $0.002402, which was reached yesterday.

Meanwhile, the Pepe coin has dropped by 18% in the same period. Despite being introduced less than a week ago, the SpongeBob token already has a market capitalization of over $53 million, as reported by the on-chain analytics platform DEXTools.

STX

The Stacks blockchain project has had an impressive week, with its aim to introduce smart contracts and decentralized applications to Bitcoin gaining significant momentum. On Monday, the token underwent a second retest of support at $0.67 within a two-week period, allowing bulls to regain control of the market trend.

This positive movement was further confirmed when Stacks price crossed above the 50-day Exponential Moving Average (EMA) – indicated by the blue line on the chart – indicating to traders that a substantial trend reversal was likely to occur. The Stacks price is facing a significant challenge as it approaches a confluence resistance at $0.7875, where the 200-day EMA (purple line) and a falling trendline intersect. Breaking above this resistance level is crucial for the bulls to initiate the next phase of the recovery move, with the aim of reaching the March highs of $1.3.

However, traders need to exercise caution as the Relative Strength Index (RSI) struggles to enter the overbought region. If the RSI fails to breach this level, it could reverse into the neutral area, leading to a potential correction in the Stacks price. In such a scenario, the 50-day EMA at around $0.75 is likely to provide fresh liquidity, while support levels at $0.67 and $0.7 may come into play if declines continue.

Related

• Poloniex Lists SpongeBob, As $SPONGE Price Pumps After Meme Coin Market Crash
• OpenSea’s NFT Revenue Drops 96% Since May 2022 – Here’s What Fueling This Downtrend
• LBank Lists Spongebob Tokens After Rapid 1,000% Price Increase in 72 Hours, Beating PEPE on CEXs Listing