Join Our Telegram channel to stay up to date on breaking news coverage
On the global market, Bitcoin is currently trading around $57,500, marking a nearly 1.2% drop and extending its weekly loss to over 10%. This decline is part of a broader bearish trend for September, historically a weak month for Bitcoin, with an average decrease of 6%. Despite these setbacks, some traders believe that potential interest rate cuts by the U.S. Federal Reserve could help mitigate the typical September downturn.
Biggest Crypto Gainers Today – Top List
Today’s top crypto gainers are making headlines with notable performances despite the broader market trends. IDEX has surged impressively by 18.19% following its recent mainnet launch, signaling strong interest in its innovative hybrid DEX model. Ooki has seen a significant 14.65% price increase, driven by its integration of AI and Permissionless Listings, although its long-term outlook remains uncertain.
Meanwhile, Flux has seen a 3.72% rise thanks to the launch of FluxAI. In contrast, Alephium saw a modest 0.41% rise in the past 24 hours, but its 930% annual growth highlights its significant scalability potential.
1. IDEX (IDEX)
IDEX is a cutting-edge decentralized exchange that blends a traditional order book with an automated market maker (AMM). This hybrid model offers the speed of a centralized exchange while maintaining DEX security and liquidity. By using an off-chain trading engine with on-chain settlement, IDEX eliminates failed trades and reduces gas fees. Moreover, this setup enables instant execution, preventing front-running and supporting advanced strategies like limit orders and arbitrage.
Exciting developments have emerged as IDEX recently launched its mainnet, unveiling the first Omnichain Perpetuals DEX. This major milestone has generated considerable buzz in the market, driving IDEX’s price up by an impressive 18.19% within the last 24 hours. With a robust volume-to-market cap ratio of 2.0896, the platform is showing strong liquidity. However, despite this surge, the 14-day RSI sits at 34.96, indicating a neutral stance, which could signal sideways trading in the immediate future.
IDEX MAINNET IS LIVE!
The first Omnichain Perpetuals DEX is live and ready for action.
Connect, deposit, and trade in seconds.https://t.co/IDQBicY8eD pic.twitter.com/SORAnpR6Qt
— IDEX 🐐 (@idexio) August 29, 2024
Shifting our focus to the long-term trajectory, IDEX is currently trading 14.94% below its 200-day simple moving average (SMA), suggesting it still has ground to cover. Over the past year, the token has seen a modest 7% increase in price. Yet, when compared to the broader market, IDEX has outpaced only 32% of the top 100 crypto assets.
The recent mainnet launch has injected fresh momentum into its short-term performance. However, the long-term outlook hinges on whether IDEX can sustain this momentum and drive ongoing market adoption.
2. Ooki (OOKI)
Ooki is pushing the boundaries of DeFi by integrating Permissionless Listings (PL) and Artificial Intelligence (AI) with traditional trading, lending, borrowing, and staking. This innovative approach allows users to engage with a more flexible and powerful platform. Governed entirely by its community, Ooki is managed by a DAO that ensures all developments align with user interests and adapt to the evolving DeFi landscape.
By merging AI-driven analytics with Permissionless Listings, Ooki offers traders enhanced insights and greater trading freedom. This integration improves the DeFi experience by providing deep, actionable insights into market trends and liquidity. Consequently, Ooki empowers users to make more informed decisions and capitalize on new opportunities within the DeFi space.
While Ooki has seen an impressive 14.65% surge in its price over the last 24 hours, there are no recent news or developments to explain this rise clearly. The high liquidity, reflected in a volume-to-market cap ratio of 2.3223, suggests strong market activity. However, the 14-day RSI of 57.45 indicates that the cryptocurrency is neutral and may trade sideways in the short term.
Did you know …❓
Ooki’s Dex Selector lets traders choose from different DEXes like SushiSwap and Uniswap for the best trade prices. pic.twitter.com/GFwVXg3e3L
— Ooki 🙂🌐 (@OokiTrade) August 28, 2024
In the long term, Ooki faces challenges. It is currently trading 40.99% below its 200-day simple moving average (SMA) and has seen a 24% price decline over the past year. Additionally, it has only outperformed 6% of the top 100 crypto assets during this period. Despite the recent surge, the long-term outlook for Ooki remains uncertain. Its ability to sustain momentum and achieve broader market adoption is still in question.
3. The Meme Games (MGMES)
With just over six days until this presale end, The Meme Games is poised to become a notable player in the crypto space, potentially delivering substantial returns. It brings Olympic-style competition to the world of meme coins, where users’ favorite internet memes go head-to-head for crypto glory. Tokens like Dogecoin, Pepe, dogwifhat, Brett, and Turbo are all part of the race.
Investors who purchase $MGMES tokens can select one of these five meme characters to compete. The winning meme is randomly chosen through blockchain technology, adding an element of chance and excitement. If your selected meme wins, you’ll receive a 25% bonus on your initial purchase.
The project has gained substantial investor interest, raising nearly $407K at the time of writing. Early buyers can purchase $MGMES tokens for $0.0094 using $ETH, $USDT, $BNB, or credit card, with prices set to increase in less than 72 hours.
The Meme Games token presale will conclude on September 8, coinciding with the end of the Paralympics. Notably, the token will be listed on decentralized exchanges (DEXs) on September 10, and many investors are anticipating significant gains upon listing.
Just 6 days left until the Meme Games #Presale ends. 🔥
Join now, pick your winning meme champion, and lock in a 25% bonus if they clinch the victory. 🥇
1️⃣ Presale ends on 8th of September at 10 AM UTC
2️⃣ Claim & token launch on 10th of September at 10 AM UTCDon't miss… pic.twitter.com/MPUw4DrpuR
— The Meme Games (@MemeGames2024) September 2, 2024
Importantly, the Meme Games smart contract has been audited by Coinsult and SolidProof, and no major issues have been identified. Little wonder, the project already boasts a strong community with 15,600 followers on X and nearly 2.6K Telegram subscribers.
To join the $MGMES token presale, simply click the link below.
4. Flux (FLUX)
Flux is a cryptocurrency fueling the decentralized Web3 infrastructure with zero downtime. It’s designed for everything from transactions on FluxOS to pioneering the Proof of Useful Work (PoUW) consensus. This consensus model aims to harness computing power for solving real-world problems, moving beyond the traditional scope of blockchain technology.
Excitingly, Flux has just rolled out FluxAI, a game-changing AI application that’s set to make waves in the tech world. Powered by a decentralized GPU network, FluxAI is fast, affordable, and 100% private. It doesn’t use your data for model training, making it a perfect fit for businesses that deal with sensitive information.
In the wake of the FluxAI launch, FLUX has seen a notable 3.72% price increase, bringing it to $0.519404. The gainer is showing strong liquidity, with a volume-to-market cap ratio of 0.0493, and its 14-day RSI is at 59.63, signalling neutral momentum. Although the price may trade sideways in the short term, the low volatility of just 10% over the past 30 days suggests a stable market environment. Interestingly, despite this stability, only 40% of the last 30 days were positive, indicating a cautious but optimistic market sentiment.
🔥 Excited to unveil #FluxAI Beta!
Our groundbreaking #AI provides human-like interactions for answering questions, completing tasks, and coding at lightning speed—plus top-notch privacy and a free plan to start! 💡
Get started: https://t.co/maS7ZkoX2d
Learn more from… pic.twitter.com/D30FkMoYtb— Flux-Web3 Cloud (@RunOnFlux) August 27, 2024
Looking at the bigger picture, FLUX is performing impressively above its 200-day SMA, currently trading 16.96% higher. Over the past year, it has seen a remarkable 70% price increase, outpacing 59% of the top 100 crypto assets. With continued innovation like FluxAI and a focus on real-world utility, FLUX is sure to continue thriving.
5. Alephium (ALPH)
Alephium is the first Layer 1 sharded blockchain that scales and enhances Bitcoin’s core technologies, including Proof of Work and the UTXO model. This innovative blockchain delivers a highly efficient and secure platform for DeFi and dApps, all while significantly improving energy efficiency.
Built on the BlockFlow algorithm, Alephium supports up to 400 transactions per second with just 16 shards. Furthermore, it has the potential to scale to 10,000 TPS using 1,024 shards, making it truly unique among its peers.
At present, Alephium’s price stands at $2.07, reflecting a modest 0.41% increase over the last 24 hours. Although the cryptocurrency shows medium liquidity, as indicated by its 0.0128 volume-to-market cap ratio, the market sentiment remains neutral. With a 14-day RSI of 64.90, ALPH may experience sideways trading in the short term.
🔥 Native $ALPH is now integrated on @zelcore_io!
Thanks Zelcore team, that was fast 🏃♂️ https://t.co/TS1U7eY8RG
— Alephium (@alephium) August 29, 2024
However, it’s worth noting that despite the low volatility of just 10% over the past 30 days, Alephium still managed to have 15 green days. This indicates positive price movement for half of the last month.
When considering the broader timeline, Alephium is exhibiting impressive results. Currently, it’s trading a staggering 631.23% above its 200-day SMA of $0.283267. Even more amazing, the price has surged by 930% over the past year, significantly surpassing 97% of the top 100 crypto assets. This remarkable growth shows ALPH’s strong market position, which is driven by its unique technological advancements and exceptional scalability potential. As this top gainer continues to innovate, its long-term prospects appear exceptionally bright.
Read More
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
