Top Crypto Gainers 29 June – ZEC, STX, MKR, SOL, COMP, SNX

Cryptocurrencies are highly volatile assets, often deviating from past prices. Therefore, the price trend is ever-changing since most crypto coins may not sustain a particular behavior due to prevailing external and internal market factors.

As of the time of writing, the general crypto market outlook has improved, with altcoins leading the charts with impressive gains. While Bitcoin struggles to defend the $30,000 critical level and conquer $31,000, Ethereum’s price is changing hands at $1,872.

Despite the slight increase in the global crypto market cap, the overall outlook seems more in favor of altcoins, which might be riding on factors other than the current market sentiment. 

Let’s look at some of the top gainers.

Zcash (ZEC)

Zcash is a decentralized crypto asset project built on privacy and anonymity. It utilizes zero knowledge technology (zk-SNARK) that allows nodes on the network to verify transactions while maintaining anonymity. 

Most crypto assets in the market are not truly anonymous and leave digital traces that trace back to a user. 

Zcash provides true anonymity for its users keeping their sending and receiving addresses private, as well as the transaction amount. However, it optionally reveals these details for audits or regulatory checks. 

ZEC tokens power activities in this crypto ecosystem, with the total supply capped at 21 million tokens. Zcash uses a Proof-of-Work SHA-256 hash function to secure its network.

ZEC traded at $31.54 on June 1, moving to $32.14 on June 2. However, its price fluctuated till it eventually declined to $28.75 on June 7. 

ZEC declined further to $24.04 on June 10 as the bears tightened their grip on its price. However, its recovery began on June 16 when it moved to $25.22. It returned to $30.51 on June 25 and is trading at $30.21 at press time.

ZEC has had over a 3% increase in its price in the last 24 hours, with a 13% increase in its trading volume.

ZEC Shifting To Bullish Phase

ZEC is in the green on the daily chart forming a green candle. It is above its 50-day Simple Moving Average (SMA), expressing a short-term bullish sentiment.

Also, its Relative Strength Index (RSI) is 56.15 in the neutral zone between the overbought region of 70 and the oversold region of 30. Notably, the RSI is rising, hinting at further price increases ahead.

ZEC’s Moving Average Convergence/Divergence (MACD) is above its signal line, confirming the bullish trend.

However, the Histogram bars are fading, hinting at possible bearish corrections. Despite its gains, it is below its 200-day SMA, a long-term bearish sentiment.

ZEC will likely rally in the short term before the bears return to force a price reversal. 

Stacks (STX)

Stacks is a Bitcoin Layer built for running smart contracts and decentralized applications (dApps) using Bitcoin as an asset to settle transactions. The Stacks layer unlocks $500 billion in Bitcoin capital using the Bitcoin L1 as the settlement layer.

Also, its Proof of Transfer Consensus mechanism and Clarity language enables it to access Bitcoin. All transactions on the Stack layer are secured by Bitcoin’s hash power.  

The Stacks network relies on the Proof-of-Work (PoW) consensus mechanism of the Bitcoin blockchain for its security. It combines the PoW with its Proof of Transfer mechanism allowing users to transfer BTC to mine STX tokens. 

STX traded at $0.5977 on June 1, increasing to $0.6141 on June 2. However, it declined to $0.5444 on June 5 before reclaiming the $0.6 price level on June 7.

Another price decline to $0.5 occurred on June 10, with a further drop to $0.4882 on June 14. It reclaimed the $0.5395 price level on June 15, maintaining its price gains.

STX rose further to $0.7494 on June 20, fluctuating within that range in the following days. It trades at $0.7097, a 5.20% increase in its price within 24 hours. 

Also, its trading volume is up by 70.75%, representing a surge in activity for the token.

STX Finds Support At the 50% Fib Level

STX is in the green today, shifting from yesterday’s price drop as it seeks to rally again. It found critical support at the 50% Fibonacci level ($0.6600). However, it faces resistance at the 39.2% Fib level ($0.7126) as it attempts to reclaim former price levels.

Its RSI value is 55.98 in the neutral zone and rising, confirming today’s bullish trend. It implies that STX will likely move into an uptrend in the short term.

Also, its MACD is above its signal line, a bullish signal for the token. However, the MACD seems to be dropping, and its Histogram bars are fading, hinting at a bearish reversal ahead. It implies that STX will likely rally in the short term till the bears force another price decline. 

Maker (MKR)

Maker DAO is a decentralized organization, while Maker Protocol is a software platform. Both platforms run on Ethereum’s blockchain enabling users to issue and manage DAI stablecoin.

Maker is one of the pioneers in decentralized finance (DeFi) that seeks to build DeFi products on smart-contract-enabled blockchains such as Ethereum. 

MKR is the governance token for these platforms influencing decisions and proposals within the ecosystem. MKR is an ERC-20 token that operates securely on Ethereum’s blockchain.

MKR enables its holders directly participate in DAI governance. All holders wield the right to vote for changes in the protocol, and their voting power depends on the size of their MKR stake.

Holders can vote to add new collateral asset types to the protocol, amend risk parameters and change DAI Savings Rate.

MKR traded at $641.69 on June 1, increasing to $663.09 on June 2. It traded in the $60 range with slight variations till it moved to $706.27 on June 19, starting its rally.

By June 21, MKR traded at $753.89 before it declined to $681.85 on June 24. It rallied again to $689.45 on June 27. It trades at $707.55 after briefly declining to $677.09 on June 28.

Notably, its price gains in the last 24 hours are above 4%, with a 57.50% spike in its trading volume.

MKR Records Gains As Bulls Re-enter The Market

MKR is in an uptrend today, forming a green candle with a higher high on the chart. It is trading in the upper region of the Donchian Channel (DC), a bullish sentiment for the token.

Also, its RSI value is 56.90 in the neutral zone. However, the RSI is rising, suggesting the bulls are back to mount another rally and reclaim higher highs.

Notably, the Stochastic Oscillator is at 53 between the oversold region of 20 and the overbought region of 80. 

The Fast RSI (green) is at 53 and moving upwards, implying that MKR is bullish today and will likely record further price increases. 

Solana (SOL)

Solana is among the leading crypto assets after Bitcoin and Ethereum, with a market capitalization of $7.27 billion. 

Launched in March 2020, Solana project developers have diligently moved the token among the industry’s leading coins with consistent ecosystem developments. 

Solana blockchain provides an ecosystem of decentralized finance (DeFi) solutions. Its proof-of-history consensus mechanism makes it unique among other Smart Contract platforms. 

Solana is leading the top gainer’s chart today with a 12.71% price increase over the past 24 hours. Today’s bullish price action secured a 6% 7-day price rally even when other coins surrendered most of theirs.

At the time of writing, SOL’s price changes hands at $17.93 and is gearing up to conquer the $18.00 mark. In addition, the token’s 24-hour trading volume suggests high buying pressure from active bullish investors. 

SOL has registered a 90.44% increase in trading volume over the past 24 hours. Earlier today, June 29, SOL’s trading volume was around $276 million but later saw a sharp surge to $584 million.

Such a feat indicates increased network activity which could see SOL rising above $18 if it sustains.

Solana (SOL)’s price movement indicates a bullish comeback after crashing from a bearish investor sentiment triggered by its appearance on the US SEC’s securities list. 

Bulls In Charge As Solana Rallies

SOL is trading in an uptrend today, forming a Bullish engulfing pattern on the daily chart. It found strong support at the 50% Fibonacci level ($15.48) as it approaches the $18 price level.

Its RSI value is at 53.06 in the neutral zone and rising, expressing a bullish sentiment. Also. Its MACD is its signal line and is also bullish. 

Despite the MACD’s negative value, the Histogram bars show that the bullish trend is at full strength, hinting at a further price increase. SOL will likely reclaim the $20 psychological resistance level in the coming days if the bulls persist. 

Compound (COMP)

Compound is a DeFi lending platform that allows users to earn interest on crypto assets by lending their assets to pools supported by the platform.

Users receive tokens for successful deposits in Compound pools. These tokens represent their stake in the pool and serve as redemption tokens for their pool stakes. Also, borrowers access secure loans from any compound pool if they deposit collateral. 

According to their rules, the maximum loan-to-value (LTV) ratio depends on the asset used as collateral. This LTV ratio ranges from 50 to 75%.

The compound boasts over $800 million in its Total Locked Value (TVL). The goal is to provide financial security for users with loans and compound interest gained from lending pools.

COMP is the platform’s native governance token. Token holders propose changes in the community and vote to support proposals from other holders.

COMP tokens are accessible on third-party exchanges or earned directly from the Compound protocol through activities like depositing crypto assets to pools.

Also, its smart contracts help mint users’ tokens after ETH and other ERC-20 (Ethereum-compliant) tokens move to the platform.

It protects its collateral backing and ensures that collateral is sold to liquidators at a 5% discount if it exceeds the minimum maintenance level.

It ensures that borrowers keep healthy collateral levels and protects lenders’ assets forming earning opportunities for its liquidators. COMP traded at $35.41 on June 1, maintaining the price level until June 5, dropping to $32.63. 

It faced price volatility leading to a further drop to $26.67 on June 10, 2023. However, it increased to $29.84 on June 21, reclaiming the $30 price level on June 23 before rising to $35.78 on June 26. 

It traded at $42.11 on June 27, retracing slightly to $40.34 on June 28. It is trading at $51.05 today, a 245% increase in its price, with an increase of 23.6% in its trading volume, reflecting massive market activity.

COMP Continues Its Rally Claiming Higher Highs

COMP is in an uptrend today, forming a Bullish engulfing pattern with a prominent green candle despite the price pullback yesterday.

It is trading in the upper region of the Donchian Channel (DC), confirming the bullish trend with higher highs on the daily chart. 

Its RSI is at 76.97 in the overbought region above 70. It implies that many traders are in buy positions today, boosting the asset price due to the increased demand.

Also, its MACD is above its signal line and displaying positive values, also a bullish sentiment for the token. Its Histogram bars are green and at full strength, implying that COMP is on a bull run.

It will likely maintain its positive price movement in the short term before its retraces for a period of price consolidation. 

Synthetix (SNX)

Synthetix is a decentralized liquidity protocol offering deep liquidity and low fees to serve as a backend for several protocols on Optimism and Ethereum.

Protocols such as 1inch, Curve, and Kwenta use Synthetix liquidity to power their ecosystem. Synthetix is built on Optimism and Ethereum mainnet and collateralized with SNX, ETH, and LUSD, thus enabling the issuing of synthetic assets (Synths). 

These Synths track and yield returns to their base assets without requiring a user to hold the asset directly.

This platform enables its users anonymously trade and exchange synths. It also has a staking pool for holders to stake their SNX tokens and receive rewards sharing in the transaction fees pm the Synthetix Exchange.

It tracks the underlying asset with smart contract price delivery protocols called Oracles. It also eliminates the need for third-party facilitators for traders on its platform.

Also, SNX tokens serve as collateral for the synthetic asset minted. It implies that SNX tokens get locked up in smart contracts whenever synths are issued. SNX is ERC-20 compliant and relies on Ethereum’s Proof-of-Stake (PoS) consensus mechanism for its security. 

SNX traded at $2.33 on June 1, moving to $2.38 on June 2. However, the bears entered the market, causing a steady decline to $1.74 on June 10. It fluctuated between $1.7 and $1.8 till June 20, when it reached $1.91, sparking hope for a price recovery. It moved to $2.19 on June 25.

It maintained the $2 price level with slight variations till June 28. It trades at the $2.22 price level with an 8.235 price increase in the last 24 hours. Its trading volume has spiked massively by 302%, showing massive trading activity for the asset today. 

STX Trading Volumes Spikes As Bullish Pressure Mounts

STX is in an uptrend, forming a green candle with a long upper wick on the daily chart. It is trading above its 50-day SMA, with bullish sentiment in the short term.

Also, its upper wick is above its 200-day SMA, hinting at s possible bullish price action in the long term. Its RSI is at 58.03 in the neutral zone and rising to the oversold region of 70. It also supports the bullish signal observed today.

STX’s MACD is above its signal line, a bullish sentiment confirmed by its green Histogram bars that mirror the prevalent trend. However, the MACD still shows negative values due to the bearish pressure noted on June 28.

If the bulls sustain its rally, STX will likely maintain its positive price action. 

Chimpzee (CHMPZ)

Chimpzee is a newly launched play-to-earn crypto project storming the meme coin space with revolutionary activities. 

With its monkey-themed utility token, CHMPZ, Chimpzee plans to support wildlife conservation and save the ecosystem from climate change.

The token has received much support from pro-crypto climate conservation advocates as it highlights the importance of a green environment. 

Chimpzee supports the environment and wildlife conservation by allowing users to earn in crypto while performing environmentally friendly activities.

 Max Chimpzeeski, an African jungle-born scientist, created Chimpzee due to fulfilling his mission to save the planet from climate change.

It leverages Web3 technology to fight climate change. The project’s main objective is to increase individual awareness of deforestation and endangered animal species and to raise money for people who save these animals and fight deforestation.

Chimpzee combines the play-to-earn, shop-to-earn, and trade-to-earn systems. The project plans to incorporate an NFT market and a Zero Tolerance Game. 

Users can access the NFT market with a Chimpzee NFT passport. Users who hold the NFT passport are entitled to earn passive income. 

CHMPZ token presale launched in April and is now in presale stage 6. The token’s presale price increases in phases and currently sells at $0.00067. At the time of writing, the CHMPZ presale has raised over $650,000. 

Early investors who leveraged the low presale price could earn massive returns as the token price will increase to 100% on the exchange listing. More so, early investors can receive up to 300% bonus CHMPZ coins. 

Wall Street Memes (WSM)

Wall Street Memes is among the top meme coins with a positive investor outlook. Launched on May 27, 2023, the WSM presale has raised over $11 million, reflecting the growing interest in the token and strong investor optimism for success.

The meme coin project was designed to empower regular investors to become millionaires by leveraging on the meme coin. 

According to the project’s official website, “Wall Street Memes are the ultimate expression of the internet’s triumph over rampant capitalism.” 

Even though meme coins are fundamentally valueless, they leverage memes’ social popularity and connectivity to cultivate massive profits for investors. Wall Street Memes were born of a belief that ordinary people can get rich from useless stocks. 

Moreover, the current regulatory landscape favors meme coins as none appeared in the US SEC’s list of crypto assets that qualify as securities.

Like Doge Coin, Shiba Inu, and Pepe Coin, meme coins with little or no utility can turn investors into millionaires. In less than two months, Pepe Coin price has surged over 3,000%, with early investors smiling home with massive profits. 

Given the attention it has received from bullish investors, WSM could become the next Pepe Coin displacer. FOMO has increased as investors who missed the Pepe Coin six-figure rally scram to join the WSM presale to avoid missing out. 

The project observes a WSM airdrop to reward community members who completed specific tasks. The airdrop will compensate five lucky winners with $50,000 worth of WSM tokens, $10,000 for each winner. 

To qualify for the airdrop, participants must follow all WSM social media accounts, acquire $WSM tokens, provide proof of purchase, and perform other assigned tasks. The WSM airdrop is already active on the official website awaiting claiming by winners.

As of the time of writing, the WSM token trades at $0.0304 and will increase to $0.0307 in the next presale stage.

To join the presale, log into the official Wall Street Memes website, connect your crypto wallet, and exchange your ETH, BNB, or USDT for $WSM tokens.

DeeLance (DLANCE)

DeeLance is a blockchain-based decentralized recruitment platform for freelancers. The project aims to connect freelancers with high-paying employers looking for outstanding talents to meet their business requirements.

The platform offers privacy, a conducive metaverse workspace free from scammers and inexperienced workers. 

DeeLance seeks to address the issues associated with traditional recruitment platforms populated with scammers, unqualified job seekers, unsecured payment methods, and more. It operates in three basic concepts, competitive NFT marketplace, quality recruitment, and the metaverse.

DeeLance platform allows for greater transparency, reduced cost, and increased efficiency than traditional online hiring platforms. The metaverse offers a unique and immersive experience for users.

In addition, DeeLance incorporates private and secure blockchain-based payment methods for freelancers. It uses escrow protection to facilitate secure payment and protects freelancers from losing their money to hacks and scams.

DeeLance offers fast and flexible channels for withdrawals and eliminates the limitations of withdrawal thresholds associated with most traditional online recruitment platforms.

The DeeLance platform powers activities with its native token, dubbed $DLANCE. Users can purchase NFTs in the DeeLance NFT marketplace and lease lands on the metaverse with the $DLANCE token.

As of the time of writing, the $DLANCE presale is in stage, with the token trading at $0.043 but would increase to $0.048 in the next presale stage. 

Early investors who purchased the token at the low presale prices would earn massive profits as the value would increase to $0.057 on the exchange listing.

The project hosted a DeeLance Leadership Competition to reward winners from a prize pool of $500,000 DLANCE tokens.

Eligible winners are the top five wallets with the highest $DLANCE tokens. The competition started on June 27 and will be on till July 14.

To join the DeeLance presale, log on to the official presale website, connect your crypto wallet, and swap $DLANCE toke with ETH, BNB, or fiat currency via your bank card.