{"id":417420,"date":"2023-07-10T12:00:38","date_gmt":"2023-07-10T12:00:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=417420"},"modified":"2023-07-10T13:00:56","modified_gmt":"2023-07-10T13:00:56","slug":"top-crypto-gainers-on-june-10-comp-xec-crv-and-leo","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/top-crypto-gainers-on-june-10-comp-xec-crv-and-leo","title":{"rendered":"Top Crypto Gainers on June 10 COMP, XEC, CRV, And LEO"},"content":{"rendered":"

The crypto market has retraced slightly today as the market forces act on the price of assets. However, some altcoins still record positive gains benefiting from the market volatility. <\/span><\/p>\n

Also, some exciting presales are ongoing with the promise of potential rewards for early investors. These crypto tokens have an exciting roadmap that promises users rewards based on their utility.<\/span><\/p>\n

Although there are no certainties in the crypto market, most investors prefer to diversify their portfolios and reduce the effect of potential losses. <\/span>Here is a list of the top gainers today, with exciting facts about their development and ecosystem.<\/span><\/p>\n

Compound (COMP)<\/h2>\n

Compound<\/span><\/a> is a Decentralized Finance (DeFi) lending protocol that helps users gain interest on their crypto assets. It provides its users with lending pools to earn interest on liquidity from borrowers.<\/span><\/p>\n

The Compound pool is a unique space with detailed operations. Users hold cTokens as a representative token for their stakes in this pool. <\/span><\/p>\n

Interestingly, these crypto tokens unlock staked tokens from the liquidity pools whenever the user needs the staked crypto tokens. <\/span>The loans on this platform are secure loans disbursed based on the value of collateral the borrower deposits.<\/span><\/p>\n

Also, Compound has sufficient liquidity, with $800 million stored as its Total Locked Value (TVL). Its TVL serves as proof of its reserves, assuring customers of safety for their funds. <\/span><\/p>\n

The platform focuses on financial security, providing loans to users through its pools. <\/span>It operates a DAO governance model with COMP recognized as the official governance crypto token. <\/span>Also, COMP Holders can propose changes in their ecosystem and vote to support and enforce change based on a majority vote.<\/span><\/p>\n

The Compound protocol relies on an intelligent system to protect its collateral from loss as it constantly maintains and monitors its liquidity levels. <\/span>Compound continues to wax strong despite the crypto winter in 2022 that wrecked most DeFi platforms.<\/span><\/p>\n

COMP traded at $52.46 on July 1, moving to $68.75 on July 2. It declined to $63.54 on July 3 and experienced bearish pressure dropping to $56.69 by July 6. <\/span><\/p>\n

Currently, it is trading at $60.02, with a 3.23% increase in its price in the last 24 hours. Also, its trading volume is up by 116.70% within 24 hours. <\/span><\/p>\n

COMP Finds Critical Support At 23.6% Fib Level<\/h3>\n
\"Crypto\"
Source: Tradingview.com<\/figcaption><\/figure>\n

COMP is trading in an uptrend today despite the red candle formed; the long upper and lower wicks reflect the struggle between the bulls and bears today. It found critical support at the 23.6% <\/span>Fibonacci Level<\/span> ($59.64). This level will prove vital to an eventual rally. Also, the <\/span>Stochastic Oscillator<\/span> is at 69.26, close to the overbought region of 80.<\/span><\/p>\n

However, the indicator moves sideways, implying that the asset price could go either way. COMP will likely retrace in the short term before it resumes its rally. <\/span><\/p>\n

eCash (XEC)<\/h2>\n

eCash<\/span><\/a> is an improved and the latest version of Bitcoin Cash ABC (BCHA). This ecosystem is a fork from Bitcoin Cash, a breakout of the original Bitcoin blockchain. <\/span><\/p>\n

According to the developers, its main focus is serving as electronic cash and a currency for trading goods and services. <\/span>Additionally, eCash has base units (smaller units) of its native crypto token XEC. These base units are called bits. <\/span>Bits help to eliminate numerous decimals associated with the old model of Bitcoin Cash ABC. <\/span><\/p>\n

eCash relies on security from its Avalanche consensus mechanism. Avalanche is a fortified Proof-of-Stake layer with no affiliations with AVAX. <\/span>Notably, eCash converted all its BCHA coins to XEC during its rebranding with a ratio of 1:1 million. <\/span><\/p>\n

According to the developers, they have an improved transaction throughput target to move the transactions per second (tps) from 100 tps to above 5 million tps. <\/span><\/p>\n

Another area of focus is a reduction in the total finality time. eCash hopes to improve its protocol with necessary upgrades and secure transactions. Also, faster transaction time and anonymity are the focus of this platform.<\/span><\/p>\n

XEC traded at $ 0.00003674 on July 1, rising to $0.00003712 on July 2. It retraced slightly in the following days till it returned to $0.00003769 on July 7. <\/span><\/p>\n

It is currently trading at $0.00003457, a 2.83% increase in its price in the last 24 hours. Also, its trading volume is up by 161.60% in the past 24 hours showing massive trading activity today.<\/span><\/p>\n

XEC Bulls Re-enter The Market<\/h3>\n
\"Crypto\"
Source: Tradingview.com<\/figcaption><\/figure>\n

XEC buy pressure is high today as the bulls re-enter the market to kick-start a rally. It is trading in the upper region of the <\/span>Donchian Channel (DC)<\/span>, a bullish sentiment for the asset. <\/span><\/p>\n

Also, the <\/span>Relative Strength Index (RSI)<\/span><\/a> value is 59.50 in the neutral zone between the oversold region of 30 and the overbought region of 70. The indicator is rising, hinting at a bullish trend ahead for the asset.<\/span><\/p>\n

XEC’s <\/span>Moving Average Convergence\/Divergence (MACD)<\/span> is above its signal line, expressing a bullish sentiment. However, the MACD is dropping and might soon retrace below its signal line. <\/span><\/p>\n

The MACD’s fading histogram bars also hint at a bearish sentiment ahead. XEC will likely experience a short-term retracement before it resumes its uptrend. <\/span><\/p>\n

Curve DAO (CRV)<\/h2>\n

The curve<\/span><\/a> is a decentralized exchange for stablecoins that relies on an automated market maker (AMM) to manage its liquidity.<\/span><\/p>\n

CRV is the token of the Curve Decentralized Autonomous Organization (DAO). The DAO relies on Aragon, an Ethereum-based creation tool, to connect several smart contracts for controlling liquidity.<\/span><\/p>\n

CRV traded at $0.77 on July 1, declining to $0.76 on July 2. It rallied to $0.80 on July 4 before another retracement to $0.78 on July 5. It has returned to trade at $0.80 today, a 1.36% increase in its price in 24 hours. Also, its trading volume is up by 87.02% in the last 24 hours, showing a spike in trading activities. <\/span><\/p>\n

\"Digital
Source: Tradingview.com<\/figcaption><\/figure>\n

CRV is trading in an uptrend today, forming a higher high on the daily chart. It trades above its 50-day <\/span>Simple Moving Average (SMA),<\/span><\/a> a short-term bullish sentiment.<\/span><\/p>\n

Also, its RSI value is 58.61 in the neutral zone between the overbought region of 70 and the oversold region of 30. The RSI is rising, indicating bullish momentum ahead for the asset.<\/span><\/p>\n

CRV’s MACD is above its signal line, expressing a bullish sentiment. However, its Histogram bars are fading, hinting at a trend reversal. <\/span><\/p>\n

Also, CRV is trading below its 200-day SMA, a long-term bearish sentiment for the token. It will likely rally in the short term before the bears return to attempt a retracement in the coming days.<\/span><\/p>\n

UNUS SED LEO (LEO) <\/span><\/h2>\n

UNUS SED LEO<\/span><\/a> is a utility token for the iFinex ecosystem. Its name is derived from a Latin reference in a popular Aesop fable. The English translation means ‘’one but a lion’’.<\/span><\/p>\n

It enables Bitfinex users to save money on trading fees and earn discounts.  Based on its token burn mechanism. iFinex buys back LEO tokens from the market monthly. The amount purchased and burnt equals 27% of revenues from iFinex. <\/span><\/p>\n

LEO tokens operate on two blockchains. 64% of the original supply launched on Ethereum, while 36% launched on EOS. <\/span>Also, the token offers user taker and lending fee reductions across all platforms, products, and services by iFinex. <\/span><\/p>\n

LEO tokens also come with a withdrawal and deposit fee discount of approximately 25%, with a discount on derivative taker fees. <\/span>These discounts cover Bitfinex and EOSfinces as they are subsidiaries of iFinex. <\/span><\/p>\n

LEO traded at $4.1 on July 1 before slightly declining to $3.8 on July 2. It maintained the $3.8 price range with slight variations in the following days.<\/span><\/p>\n

Currently., LEO is trading at $3.9 and shows slight volatility dropping less than 1% of its gains in the last 24 hours. The 44.88% decline in its trading volume in 24 hours might be behind the price volatility today.<\/span><\/p>\n

LEO Faces Possible Retracement In The Coming Days<\/h3>\n
\"Digital
Source: Tradingview.com<\/figcaption><\/figure>\n

LEO is an uptrend today, forming a fourth consecutive green candle on the daily chart to confirm its uptrend. <\/span>However, a close look at today’s candle’s long upper and lower wicks reveals a keen contest between the bulls and the bears for control.<\/span><\/p>\n

It is trading in the upper region of the Donchian Channel (DC), expressing a bullish sentiment. Also, its RSI value is 57.22 in the neutral zone between 30 (oversold) and 70 (overbought). The RSI is moving sideways, showing price neutrality today.<\/span><\/p>\n

LEO’s MACD is below its signal line, expressing a bearish sentiment. It implies that LEO might be approaching a period of retracement. However, the Histogram bars are fading and expressing a bullish sentiment.<\/span><\/p>\n

LEO will likely hold onto its gains in the short term before a brief retracement period in the coming days. <\/span><\/p>\n

Chimpzee (CHMPZ)<\/h2>\n

Chimpzee is a captivating eco-friendly project created to preserve nature. Its target group includes trees, forests, and endangered wildlife species worldwide. <\/span><\/p>\n

It relies on Web3 innovations and blockchain technology to give users a thrilling experience on its platform. <\/span><\/p>\n

$CHMPZ is the platform’s native token powering all activities within its ecosystem. Its presales are ongoing and hold potential rewards for initial investors as they progress. <\/span><\/p>\n

CHPZ also serves as the currency to acquire merchandise affiliated with the platform.<\/span><\/p>\n

Chimpzee Origins<\/h3>\n

Based on the backstory from the developers, the storyline captures a cinematic plot originating in the depths of the African jungle, where a legendary character was born. <\/span><\/p>\n

This legend is Max Chimpzeeski, a scientist with an extraordinary passion and drive to save the planet.<\/span><\/p>\n

With unwavering focus and consistency, he forged a weapon to repel the forces of illegal poachers preying on endangered wildlife and deforestation activities.<\/span><\/p>\n

Chimpzee is the product of those efforts, forged as part man, part ape, and part machine. This exciting storyline is captured within the ecosystem’s gameplay. <\/span><\/p>\n

Three Important Ecosystem Pillars<\/h3>\n

The Chimpzee gives its users access to three major earning opportunities. They include:<\/span><\/p>\n