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Despite a bearish sentiment gripping the crypto market, as reflected in a Fear & Greed Index of 26, and 88% of cryptocurrencies trending downwards, there are still bright spots worth noting. Among these bright spots are Simon’s Cat, Vite, IRISnet, and ArcBlock, which are showcasing impressive gains. This article aims to spotlight these top gainers and help investors identify potential opportunities amidst the market’s current challenges.
Biggest Crypto Gainers Today – Top List
Each of today’s top gainers offers distinct advantages. IRISnet’s new ivendpay partnership, which enables daily transactions with IRIS tokens, has spiked its price by 9.63%. Vite uses a Directed Acyclic Graph (DAG) for zero-fee transactions and efficient network performance, contributing to a 5.60% price increase. Simon’s Cat capitalizes on its popular animated series, driving a 5.46% price jump through aggressive marketing. Lastly, ArcBlock simplifies blockchain development and recently upgraded its payment processor, resulting in a 3.56% price rise.
1. IRISnet (IRIS)
Our first top gainer, IRISnet, is a service protocol and cryptocurrency launched on March 1, 2019. It offers a blockchain-based network tailored for small and medium-sized businesses, bringing decentralized solutions that were once reserved for larger corporations. IRISnet, named after the Greek goddess Iris, stands out with its hybrid approach. It combines on-chain transactions with off-chain data processing to ensure efficiency and scalability.
A month ago, IRISnet announced an exciting partnership with ivendpay, a move that significantly expands its utility. This collaboration allows IRIS tokens (ERC20) to be accepted as a payment method for various commodities through the Crypto Payment Gateway. This development is a major step forward in making cryptocurrency more accessible and usable in everyday transactions.
1/We are thrilled to announce our partnership with @ivendpay! This collaboration will revolutionize your crypto experience, and IRIS Tokens (ERC20) are now accepted as a payment method for various commodities via the Crypto Payment Gateway! #IRISnet #IRIS #ivendPay https://t.co/V4lKqC3TmM
— IRIS Network (@irisnetwork) August 7, 2024
In the past 24 hours, IRIS has shown impressive price action, increasing by 9.63%. Currently priced at $0.016194, the token has demonstrated high liquidity with a volume-to-market cap ratio of 0.2635, indicating strong market interest. The 14-day Relative Strength Index (RSI) stands at 42.92, suggesting the token is neutral and may trade sideways in the short term. With 17 green days out of the last 30, its performance has been solid, though the price volatility remains low at 7%.
However, the long-term outlook for IRISnet is mixed. The token is trading 45.73% below its 200-day Simple Moving Average (SMA), which stands at $0.02882. Also, over the past year, its price has decreased by 13%, underperforming 89% of the top 100 crypto assets by market cap. Despite these challenges, the token’s strong recent performance and innovative developments suggest it may still hold potential for future gains.
2. Vite (VITE)
Vite has attracted attention today with a 5.60% price surge, reflecting growing interest in its innovative platform. Built on a Directed Acyclic Graph (DAG) structure, Vite offers zero-fee transactions. The Snapshot Chain enhances speed, reliability, and security, while the Hierarchical Delegated Proof of Stake (HDPoS) mechanism ensures efficient network operation. Additionally, supernodes earn staking rewards without transaction fees, increasing their appeal.
The VITE token plays a crucial role within this ecosystem. For instance, it’s used for both transactions and smart contract executions on the Vite network. Instead of consuming gas, users stake VITE for transaction quotas. These quotas can be leased to dApps in exchange for native tokens.
In terms of offerings, Vite provides a variety of products. For example, ViteX, a decentralized exchange, supports over 20 digital assets. Additionally, VitePay is a feeless payment solution that is already used in places like Singapore’s Ce La Vi Sky Bar. Beyond that, VitePlus provides enterprise blockchain solutions. A notable example is the SyraCoin pilot app, developed for the Syracuse government.
#VITE is expanding$VITE Metrics today
Total Supply : 1,098,691,118
Circulating Supply: 1,098,691,118
Vitex Burned : 36,058,195
Total Vite Voted : 222,055,778Price (24H) : 0.0231 US$ (+8.78%)
MarketCap (24H) : 25.4M US$ (+8.73%)
24H Volume : 9.5M US$
Volume / MCap : 37.43% pic.twitter.com/y58pEV2l9R— Vite Labs 🏃🏻♂️ (@vitelabs) August 29, 2024
When considering market performance, VITE’s metrics are also impressive. It boasts high liquidity, with a volume-to-market cap ratio of 0.6537, ensuring sufficient market activity to support its price. However, the 14-day RSI is currently at 80.02, indicating that it may be overbought and could face a price correction soon.
Despite this, VITE’s long-term outlook remains strong, as it is trading 48.37% above its 200-day SMA. Furthermore, over the past year, the price has increased by 91%, and it has outpaced 62% of the top 100 crypto assets by market cap.
3. Shiba Shootout (SHIBASHOOT)
While examining today’s top gainers, let’s quickly explore an exciting investment opportunity currently making news in the market. Shiba Shootout is grabbing attention with its impressive presale, having already raised over $1 million.
Notably, this meme coin features a unique Play-to-Earn (P2E) game set in a Wild West theme. In this game, players use the tokens to control Marshal Shiba and participate in thrilling duels. As the presale is still ongoing, early participants can secure favorable pricing before the official launch.
🚀 Claim your free $SHIBASHOOT tokens now! Sign up and start stacking those coins today! 🐕💥
Jump in the fun! 🚀 https://t.co/Fxf9PWP0gz pic.twitter.com/34SoD95X6D
— shibashootout (@shibashootout) August 31, 2024
Additionally, the staking rewards are particularly appealing. The staking system offers a remarkable annual return of 883%, which translates to about a 9.9x return on investment. Furthermore, staking provides a consistent 12% monthly return, making it a compelling choice for passive income.
The tokenomics are thoughtfully structured: 35% of SHIBASHOOT is allocated to the presale, while 20% is reserved for staking rewards. Also, 20% is dedicated to marketing efforts, and 10% goes towards development and operational costs. Another 10% is set aside for liquidity. Meanwhile, 5% supports the Rootin’ Tootin’ Shooter Fund, which enhances community engagement.
With rising expert attention and low presale liquidity, now is the ideal moment to seize this opportunity.
4. Simon’s Cat (CAT)
Simon’s Cat Token is turning heads with its mix of nostalgia and innovation. Officially endorsed by the Simon’s Cat brand and backed by full IP rights, this memecoin taps into the massive popularity of the British animated series by Simon Tofield. With over 20 million followers and 1.6 billion YouTube views, Simon’s Cat’s widespread appeal is already well-established.
The token is the brand’s bold entry into Web3, aiming to establish a lasting presence while supporting initiatives for cat welfare. The project has pledged to contribute to feeding and rescuing cats worldwide, adding a philanthropic angle to its appeal.
🔥 New Listing in the DeFi Wallet 🔥$CAT
Listed on BSC BEP-20
Explore the DeFi Wallet 👉 https://t.co/WYezL4lLPF pic.twitter.com/rE1IjOqUlI
— Crypto.com DeFi Wallet (@defi_wallet) August 30, 2024
However, the real driving force behind CAT’s recent surge is its aggressive marketing campaign. The token has seen massive trading volumes—over $700 million in just 72 hours—creating significant hype. Despite this, it’s important to note that CAT currently lacks any tangible use case, making its price largely speculative. This has raised concerns about the token’s long-term stability, with the potential for a pump-and-dump scenario looming as early investors might look to cash out.
CAT is currently trading at $0.00002284, reflecting a 5.46% increase in the last 24 hours. Released less than a month ago on August 22, 2024, it has quickly garnered attention, bolstered by its high liquidity. With a volume-to-market cap ratio of 0.3455, the token shows strong trading activity. It’s listed on trusted exchanges like KuCoin, gate.io, and AscendEX, ensuring it has the necessary liquidity for active trading.
5. ArcBlock (ABT)
ArcBlock is a blockchain 3.0 platform that makes developing DApps and custom blockchains easier for developers. It provides flexible SDKs, code packages, and developer tools, making the process smoother. With ArcBlock, developers can create enterprise-level dApps and custom blockchains based on complex business rules. It also allows them to connect to any blockchain to get the results they need.
The goal of ArcBlock is to eliminate the barriers that have slowed blockchain adoption. By streamlining development and making products more accessible, ArcBlock aims to benefit both the general public and businesses. I
Recently, ArcBlock upgraded its decentralized payment processor, Payment Kit. This update introduced a fresh design that improves both the user interface and experience. It makes the process smoother for both administrators and end-users. Alongside visual improvements, the update includes functional enhancements to ensure a seamless experience on both mobile and desktop platforms.
🔥 New Listing in the DeFi Wallet 🔥$CAT
Listed on BSC BEP-20
Explore the DeFi Wallet 👉 https://t.co/WYezL4lLPF pic.twitter.com/rE1IjOqUlI
— Crypto.com DeFi Wallet (@defi_wallet) August 30, 2024
In terms of price movement, ArcBlock has shown positive short-term performance. The ABT price increased by 3.56% in the last 24 hours, reaching $1.865787. However, it has low liquidity, with a volume-to-market-cap ratio of 0.0080. The 14-day RSI is at 46.41, indicating that the top gainer is currently neutral and may trade sideways. Notably, it enjoyed 11 green days over the past 30 and a low 14% volatility.
Looking at the long-term, ArcBlock is trading 189.47% above its 200-day SMA of $0.644543. Impressively, the price has surged by 2,266% over the past year, surpassing 97% of the top 100 crypto assets by market cap. This strong performance makes ABT a potential long-term investment.
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