Top Crypto Gainers Today, May 9 - KAVA, STX, AiDoge, Launchpad, ypredict, DLANCE, PAXG, ECOTERRA, SPONGE

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Crypto prices are still flashing red as the global digital asset market value drops 1.68% on the day to stand at $1.14 trillion. Major assets like Bitcoin and Ethereum continue flashing red, dropping 2.1% and 1.28% respectively, over the last 24 hours.

The Crypto Fear and Greed Index has moved into the “neutral: zone after losing 9 points over the last day to stand at 51, according to data from Alternative.

Crypto Fear And Greed Index

According to the crypto “emotions and sentiments” analysis firm, the position of this index in the “neutral” zone suggests that investors are treading cautiously as they wait for the market to show movement in either direction.

While waiting for this to happen, market participants could look for alternative investment paths away from top-cap cryptocurrencies and select from the thousands of other low-cap cryptos before the market recovers.

Some of these are new cryptocurrency still in their presale stages, presenting the best opportunity to invest at lower prices before they are listed on exchanges.

Therefore, our group of dedicated analysts has put together a list of nine top crypto gainers today for investors to diversify their portfolios.

Kava (KAVA) – Surges 6.5% In 24 Hours

KAVA, the Layer 1 token, is among the top crypto gainers today after rising 6.57% over the last 24 hours. The crypto trades at $0.74 with a 24-hour trading volume of approximately $280 million, suggesting increasing investor interest.

These investors may leverage the ongoing correction to buy the dip. The ensuing buying pressure could push KAVA toward a significant demand zone stretching from $0.844 to $0.914, where all the major Simple Moving Averages (SMAs) sat.

KAVA needed to shatter this barrier to clear the path for a rise toward the $1.22 range high. Such a move would mark a 65% uptick from the current price.

KAVA/USD Daily Chart

KAVA Price Chart - May 9 — TradingView Chart: KAVA/USD

On the downside, the Relative Strength Index (RSI) was positioned in the negative region. The price strength at 39 suggested that the market conditions still favored the downside.

As such, a daily candlestick close below the $0.700 psychological level would spell doom for the altcoin bringing declines to $0.50 into the picture.

Stacks (STX) – Upside Capped At $0.845

Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.

Its native cryptocurrency STX has been performing well over the last couple of days rising 16% to $0.82 between Sunday and Monday, making our list of top crypto gainers today.

A significant factor contributing to this bullish frenzy was the recent announcement of its sBTC – a 1:1 Bitcoin-backed programmable asset and Nakamoto Release – an upgrade enabling the trustless functioning of the newly proposed sBTC, white papers.

4/4) With the upcoming Stacks launch of 1:1 Bitcoin backed programmable asset sBTC, you will be able to move $BTC out of the main chain into Bitcoin layer Stacks.

Thanks to the Stacks Nakamoto release, lightning fast transactions will be possible. A scalable Bitcoin economy.

— stacks.btc (@Stacks) May 9, 2023

This news served as a major catalyst for the rally, as STX continues to attract attention and investment from traders seeking to capitalize on its improving functionality.

The bulls will now attempt to push the Stacks price above the immediate resistance at $0.724, embraced by the upper boundary of the descending parallel channel and the 100-day SMA.

Such a move would see STX climb to confront resistance from the 50-day SMA at $0.845, representing a 19% uptick from the current price. Traders could expect Stack’s upside to be capped here in the short term.

STX/USD Daily Chart

Stacks Price Chart - May 9 — TradingView Chart: STX/USD

On the flip side, the RSI was moving below the midline in the negative region. The price strength at 43 suggested that there were slightly more sellers than buyers who were determined to pull STX lower.

Defense lines could emerge from the middle boundary of the channel at the $0.60 psychological level and the $0.48 demand zone, embraced by the 200-day SMA and the lower boundary of the governing chart pattern.

AiDoge – AI-Powered Meme-Generating Platform

AiDoge is a revolutionary meme-generating network that combines advanced AI technology with meme creation. The up-and-coming innovative platform provides users with a cutting-edge meme generator that creates high-quality memes in response to specific text prompts.

$AI is the ecosystem’s native currency utilized when buying platform credits, access to the AI-powered meme creator, and text prompts. By inputting the desired meme content, users can generate top-quality memes quickly and with ease.

The AI-driven generator uses current cryptocurrency news and trending meme datasets to ensure these latest trends inform memes produced. By utilizing AI technology, AiDoge aims to revolutionize the online meme production landscape.

It is on our list of top crypto gainers today because the ongoing presale is already drawing considerable attention from investors worldwide, accumulating over $3.5 million in a few weeks.

Great news #AiDogeArmy! ?

We have surpassed $3.5 million in our #Presale!?

A big thank you to all of our fantastic supporters! ?

Grab your $AI today before the next price increase! ⏰
? https://t.co/5j5tt4smcs #Memecoin $PEPE $FLOKI $SPONGE $DOGE $BONE #Altcoin #Crypto pic.twitter.com/e5nKG1kgrQ

— aidogecrypto (@aidogecrypto) May 8, 2023

To participate in the ongoing presale, you require ETH, USDT, or funds in your 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 three days.

For more information on how to participate in the presale, interested individuals can visit the AiDoge website.

Launchpad ($LPX) – one-stop-shop for all Web 3.0 trading needs

Launchpad XYZ is an innovative blockchain platform that aims to become the hub for the next wave of digital content. It is designed to provide consumers with essential information about upcoming crypto presales, project details, whitepapers, roadmap objectives, and core staff about projects. Additionally, users will receive notifications about best NFTs to buy and play-to-earn games.

Moreover, Launchpad XYZ is working towards developing a decentralized exchange (DEX), which will allow users to execute trades using Launchpad XYZ insights and strategies without leaving the platform.

Essentially, 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.

? Enter the #Web3 world with Launchpad XYZ!

Get in-depth trading insights, news, and market sentiments to understand the #Web3 ecosystem whilst exploring new projects with high potential gains ?

Join our #Presale today ⬇️https://t.co/yYq4jnPZiL pic.twitter.com/XW8aIDYYCM

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

The Launchpad XYZ presale comprises of 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 $247,000, with each $LPX token auctioning for $0.037.

Visit Launchpad here to buy the LPX tokens before their price increases as the presale continues.

yPredict ($YPRED) – $720,000 Raised In Presale

yPredict is a comprehensive AI-driven price forecasting solution for financial market participants, such as traders, quants, analysts, and developers.

Now in the fourth round of an eight-stage process, the $YPRED token presale has already amassed over $720,000, with less than $200,000 remaining before this stage concludes.

?? yPredict Presale is on fire, raising over $700k! Don't miss out on early investment in YPRED at just $0.05. Secure your spot before prices rise & benefit from unrealized gains. Transform your crypto price prediction game with this innovative trading tool! ? #yPredict… pic.twitter.com/5O7xBh4XZ8

— yPredict.ai (@yPredict_ai) May 9, 2023

It would be prudent for investors to seize the opportunity to buy $YPRED powering this innovative market prediction system with the ability to revolutionize the trading landscape.

The $YPRED token serves to facilitate membership payments and grant access to predictive models within the marketplace, thus establishing the token’s utility and value.

With the platform’s assistance, users can build and participate in prediction markets on various subjects, including politics, sports, and finance.

Recently, the team behind yPredict announced its collaboration with ShubPy to transform AI solutions in the financial markets.

? Exciting news! #yPredict's viral crypto presale is skyrocketing with the launch of a new AI Ambassador Program and partnership with #ShubPy. ?

Get the scoop on how yPredict is revolutionizing the crypto trading landscape with cutting-edge AI technology. ? Don't miss out! ?… pic.twitter.com/LClIaU2lAm

— yPredict.ai (@yPredict_ai) May 6, 2023

The partnership between ShubPy’s scalable solutions and the platform’s AI expertise will help transform industries and promote creativity.

The ecosystem’s key differentiators are centered on meeting the challenge of outpacing the algorithm trading that has taken over the majority of financial asset classes’ marketplaces.

Visit yPredict here to get more information on the ongoing presale.

Deelance ($DLANCE) – Web3-based Freelance And recruitment Platform

Another altcoin on our list of top crypto gainers today is $DLANCE has attracted significant investor interest in its presale. The team behind Deelance has raised over $732,000 just a few weeks after its launch.

Great news, DeeLancers!?‍?

We have achieved another incredible milestone with over $700,000 raised in the #presale! ??

Let's keep the momentum going! ??

Get $DLANCE in the #Presale now, before the price increase in 6 days! ⬇️⏳https://t.co/XHnTqVzeWf #Crypto #Cryptocoin pic.twitter.com/3j0KTK0H13

— DeeLance (@deelance_com) May 8, 2023

At press time, investors can buy the token for $0.029. However, there are only six days left before stage 3 of the presale kicks off, where each $DLANCE token will be going for $0.033.

According to a report by the World Economic Forum, 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.

The report further reveals that 65% of employees now prefer full-time remote work and have no desire to return to the traditional office setting.

Web3 technology is now unlocking unprecedented opportunities in the freelancing sector, and DeeLance is one such platform leading the charge by transforming recruitment.

Hey DeeLancers! ?‍?

Join the revolution in freelancing with DeeLance! Simple signup, low fees, and fast, secure payments with crypto and an escrow system???

Presale is live – Grab some $DLANCE today! ⬇️https://t.co/XHnTqVzMLN #Presale #Crypto #DeeLance pic.twitter.com/5bJmDyKlZi

— DeeLance (@deelance_com) May 5, 2023

DeeLance is an innovative Web3 freelancing platform that is changing how freelancers and clients engage with each other in a decentralized, transparent, and secure environment. As a recruitment marketplace, DeeLance aims to simplify the hiring process by connecting skilled professionals with top-notch job opportunities.

The platform also plans to use NFTs to ensure secure digital ownership of work, enabling freelancers to tokenize their creations and safely transfer ownership to clients.

Moreover, it is building a Metaverse that is aimed at providing a virtual space for collaboration and networking, where freelancers can have virtual offices and engage with clients using digital avatars.

Analysts believe the $DLANCE token will be among the next cryptocurrencies to see a frenzied price increase.

Overall, DeeLance is leveraging blockchain technology to reduce risk while streamlining and improving the effectiveness of the hiring process.

Visit Deelance here to be part of this revolutionary project.

PAX Gold ($PAXG) – Ready For A Return To $2130?

Pax Gold is among the top crypto gainers today as it trades in the green for the fourth consecutive session.

The Explosive?Growth of #Today's Top Performing #Crypto, according to #CoinMarketCap. #CoinEdition #topgainers #Stacks #kucoin #XDCNetwork #PAXGold #GeminiDollar #STX #KCS #XDC #PAXG #GUSD pic.twitter.com/quwfyl1kT7

— Coin Edition (@CoinEdition) May 8, 2023

It has risen 1.68% over the last four days, 2.8% over the last week and 10.38% in the last three months.

PAXG’s positive sentiment remains as it completed a V-shaped recovery chart pattern as shown on the daily chart below.

Increasing demand from the current levels could see the gold-backed cryptocurrency rise above the chart pattern’s neckline at $2,055 opening the way to the technical target of the V-shaped pattern at $2,136. Such a move would represent a 4.16% rise from the current price.

PAXG/USD Daily Chart

Pax Gold Price Chart - May 9 — TradingView Chart: PAXG/USD

Supporting PAX Gold’s positive outlook were the up-facing moving averages and the upward movement of the RSI. The price strength at 63 reinforced the bulls’ grip on the PAXG price.

On the downside, a daily candlestick close below the immediate support at $2,040 would trigger massive sell orders that would see PAXG drop first toward the 50-day SMA at $2,007 and later the $1,970 swing low.

Ecoterra ($ECOTERRA) – The Novel Recycle-to-earn Platform

$ECOTERRA is another altcoin in presale making our list of top crypto gainers today. The innovative eco-friendly project has gained massive support from savvy investors, raising over $3.2 million in its presale.

At the time of writing, investors can purchase each $ECOTERRA token for $0.0775.

??️Great news!

We've raised over $3 MILLION in our $ECOTERRA token #Presale!

Thank you to everyone who has supported our mission towards a greener future ??

Join us today and be a part of the movement! https://t.co/1fYkPOsPYG #Crypto #GreenFinance pic.twitter.com/Ehrku0fLcF

— ecoterra (@ecoterraio) May 5, 2023

Ecoterra is paving the way for a greener and more innovative approach to motivating people to fight climate change by creating the Recycle-to-Earn (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.

The project’s unique selling point is the Recycle-to-Earn (R2E) feature, which rewards people who recycle materials, including glass, plastic, and cardboard.

Users will be rewarded with a specific number of $ECOTERRA tokens each time they recycle a product using a reverse vending machine (RVM).

According to data from Statista, the worldwide recycling market is expected to be valued at $63 billion in 2023 and $88 billion in 2030.

The team behind Ecoterra seeks to tap into this market by leveraging decentralized networks to simplify recycling, making it easier for everyone to make the right decision.

?? Ready to take action for a more sustainable future?

Our unique #Blockchain solutions and partnerships offer more than just a sustainable lifestyle – they offer a ticket to enter the exciting world of #Web3

Join the $ECOTERRA #Presale now ⬇️https://t.co/1fYkPOsPYG pic.twitter.com/fvZu7esmFy

— ecoterra (@ecoterraio) May 8, 2023

With the platform, users can enjoy a simple and rewarding way to contribute to the fight against climate change.

Visit Ecoterra here for information on how to participate in this revolutionary green project.

Spongebob ($SPONGE) – Price Surges After DEX Listing

Closing our list of top crypto gainers today is $SPONGE, the token that powers the ground-breaking viral meme platform SpongeBob.

The SpongeBob token, a brand-new ERC-20 meme coin based on Ethereum, has skyrocketed in value since it went live on the Uniswap DEX last week.

SPONGE price soared as much as 4900% from the listing price of around $0.0000475 to a high of $0.00239.

The price then turned down as overbought conditions set in and profit booking took center stage. This led to the appearance of a descending parallel channel defined by lower highs and lower lows as shown on the two-hour chart below.

At the time of writing, SPONGE was trading at $0.000985 and had escaped from the bearish chart pattern.

Buyers will now try to push it toward the resistance level at $0.00014. Overcoming this barrier would open the way for another leg up with the next barrier arising from the $0.00239 range high.

SPONGE/USD Two-hour Chart

Spongebob Price Chart — DexTools Chart: SPONGE/USD

The RSI was moving above the midline in the positive region. Its value at 52 suggested that the market sentiment still favored the upside.

Conversely, a daily candlestick close below the $0.00088 support level would push the price toward the upper boundary of the channel at $0.00070. A drop lower could take SPONGE back into the confines of the descending channel where it could spend a few hours before making another attempt at recovery.