{"id":424923,"date":"2023-07-28T12:05:42","date_gmt":"2023-07-28T12:05:42","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=424923"},"modified":"2023-07-28T13:00:51","modified_gmt":"2023-07-28T13:00:51","slug":"top-crypto-gainers-imx-cspr-icp-btc20-launchpad-xyz","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/top-crypto-gainers-imx-cspr-icp-btc20-launchpad-xyz","title":{"rendered":"Top Crypto Gainers – IMX, CSPR, ICP, BTC20, Launchpad XYZ\u00a0"},"content":{"rendered":"

Today’s global crypto market cap is <\/span>$1.23 trillion<\/span><\/a>, with a decline of 0.62% in the last 24 hours. Bitcoin also retraced slightly today with a total market cap of $568 billion, and a dominance of 46.32%.<\/span><\/p>\n

Altcoins are today’s top gainers, benefiting from positive ecosystem developments. Ultimately investor adoption and trade sentiment influence the prices of cryptocurrencies. <\/span><\/p>\n

There are also some tokens in their presale stages garnering investors’ attention and selling out very fast. Keep reading to find them below.  <\/span><\/p>\n

Immutable (IMX)<\/h2>\n

Immutable<\/span><\/a>, a layer-2 scaling solution for NFTs on Ethereum that improves scalability and liquidity, emerged as one of the top gainers today.<\/span><\/p>\n

 Its price trajectory hinges on the latest ecosystem developments and events, including the exchange listing announcement by Upbit and some strategic partnerships.<\/span><\/p>\n

South Korean crypto exchange Upbit announced plans to list $IMX tokens. However, it will only accept IMX deposits from the Ethereum network. <\/span>Data from <\/span>TokenInsight<\/span><\/a> reveals that the announcement caused a spike in IMX’s price by 11.10%. <\/span><\/p>\n

Also, Weracle, the Singaporean developer of the popular mobile game, Endless Frontier, is preparing to launch its latest game, E.F. Defense, on Immutable.<\/span><\/p>\n

According to a <\/span>Tweet<\/span><\/a> from Immutable’s team, Endless Frontier, a play-to-earn (P2E) game with captivating visuals and Web3 compatibility, has over 30 million downloads raking in $80 million in revenue. <\/span><\/p>\n

The E.F. Defense game, which is the latest release, is already live on iOS and Android and will likely receive a significant boost from the upcoming blockchain integration.<\/span><\/p>\n

Also, Immutable announced a partnership with <\/span>Helika Analytics<\/span><\/a> on July 27. The aim is to provide Immutable with quality analytics to optimize in-game experiences.<\/span><\/p>\n

These analytics include programmatic economy balancing, wallet targeting and activation, and live operations tooling. <\/span>Helika Analytics hopes to assist Immutable in realizing its vision of simplifying Web-3 games and digital ownership for users. <\/span><\/p>\n

These updates are contributing factors to the token’s positive price action. IMX is trading at $0.776 at 8:57 EST with a 7.2% gain on its price in the last 24 hours. <\/span><\/p>\n

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

IMX is under bearish pressure despite forming a green candle today as the bulls re-enter the market. It is trading close to the lower Bollinger Band, depicting pressure from sellers.<\/span><\/p>\n

Also, its Relative Strength Index is 40.52, in the neutral zone between the oversold and overbought region and moving upwards, which hints at a possible recovery ahead. <\/span><\/p>\n

IMX’s Moving Average Convergence\/Divergence (MACD) is below its signal line, suggesting that the sellers still control the market.  <\/span>Nevertheless, the Histogram bars fade from red, suggesting a possible bullish trend reversal.<\/span><\/p>\n

IMX will likely rally in the coming days before the bears force another retracement.<\/span><\/p>\n

Casper (CSPR)<\/h2>\n

Casper<\/span><\/a> is a Proof-of-Stake (PoS) blockchain built on the Casper CBC specification. Its goal is to drive blockchain technology expansion, smart contracts, and DApps utility worldwide. <\/span><\/p>\n

Casper, on July 28, <\/span>announced<\/span><\/a> the release of Casper Signer v1.4.28. The new version will add support to some important domains that will introduce an NFT marketplace and other services to the Casper ecosystem. This announcement is likely the reason behind its positive outlook today, as more investors acquire the CSPR tokens. <\/span><\/p>\n

Also, on July 19, Casper Labs’ V.P. of Global Communications, Matt Coolidge, <\/span>announced<\/span><\/a> the developer’s plans to tokenize and list equity shares on the INX platform. <\/span><\/p>\n

Coolidge noted that it is an exciting milestone for Casper Labs and privately held companies that seek to open new opportunities previously available to a select group of institutions. <\/span><\/p>\n

The listing of Casper Lab’s equity on INX.One is scheduled for September 2023, enabling buyers to sign up for the INX platform and take advantage of the opportunity.<\/span><\/p>\n

INX <\/span>hopes<\/span> to increase U.S. and international investors access to the rising opportunities in the digital economy. This partnership will likely positively impact INX’s price in the long term. <\/span><\/p>\n

CSPR is trading at $0.0404 at 10:44 am EST, with a 4.7% increase in its price in the last 24 hours. Also, its 7-day gains are 14.3%, a decent reward for investors this week. <\/span><\/p>\n

CSPR Bullish On Daily Chart<\/h3>\n
\"Crypto\"
Source: Tradingview.com<\/a><\/figcaption><\/figure>\n

CSPR is in an uptrend, trading above its 50-day Simple Moving Average (SMA) as the buyers dominate the market today. <\/span><\/p>\n

Also, its RSI value is 57.65, rising to the oversold region of 70 and confirming the bullish sentiment. CSPR’s MACD is above its signal line, and its Histogram bars are green, reflecting the bullish trend. <\/span><\/p>\n

It will likely continue its rally in the short term until the bears return since it trades below its 200-day SMA. <\/span><\/p>\n

Internet Computer (ICP)<\/h2>\n

Internet Computer<\/span><\/a> is a project that provides the world’s first computer blockchain for building online systems or services. It also enables full end-to-end decentralization. <\/span><\/p>\n

The <\/span>ICP BUIDL Bitcoin Hackathon<\/span><\/a>,<\/span> powered by Encode, has officially ended after almost four weeks of developers building on the network. <\/span><\/p>\n

This event granted opportunities to developers to improve and shows their skills on several projects in the ecosystem. Also, technical workshops and mentoring sessions were available to participants. <\/span><\/p>\n

The first-place winner took home <\/span>$5000 worth of ICP tokens<\/span> plus a $25,000 DFINTY developer grant. Other unique prizes went to the runner-up contestants. <\/span><\/p>\n

This event helped to announce Internet Computer as a developer’s hub similar to Ethereum and attracted more investors, thus boosting ICP’s utility and price. <\/span><\/p>\n

Also, on July 20, 70 students from different regions worldwide traveled to Switzerland to learn about ICP in the Deep Dive into Blockchain 2023 summer school program. The program took place at the University of Zurich Blockchain Center.<\/span><\/p>\n

This year’s event is the fourth consecutive year of the program. An additional 30 students participated in the program online. <\/span><\/p>\n

The learning curriculum covered blockchain-based systems, technology, and legislation in the crypto space. Also, Internet Computer made its first appearance in the program’s curriculum at this year’s event.<\/span><\/p>\n

It demonstrates the network’s growth and expanding community as more users learn about its benefits, thus influencing the token’s adoption and price. <\/span><\/p>\n

Internet Computer finds practical applications in the following areas,<\/span><\/p>\n

    \n
  1. DeFi:<\/b> ICP hosts decentralized exchanges such as Sonic and InfinitySwap that leverage its reverse-gas model and one-second transaction finality. <\/span><\/li>\n
  2. NFT:<\/b> Internet Computer hosted a new Bored Ape Yacht Club NFT collection at Art Basel. It enabled bigger file sizes for NFTs.<\/span><\/li>\n
  3. Gaming:<\/b> MetaSports Basketball is an open basketball metaverse hosted on the network. Users utilize their best Ethereum and ICP-based NFTs to compete as basketball superstars on their teams.<\/span><\/li>\n
  4. Social media:<\/b> Internet Computer hosts several social media networks, such as OpenChat, with over 100,00o users and nearly 1 million messages sent over its decentralized messaging services. The growing user base increases the platform’s utility and exposure.<\/span><\/li>\n
  5. Metaverse:<\/b> It also gives its users access to the Metaverse. One such project is I.C. Gallery, an interoperable 3D Metaverse with GameFi and DeFi utility. Users can play and trade mints their existing NFTs in the Metaverse, creating an all-around satisfying experience.<\/span><\/li>\n<\/ol>\n

    Internet Computer’s utility across various sectors will likely boost its overall value. <\/span>ICP is trading at $4.34 at 11:15 am EST, a 6.2% increase in its price in the last 24 hours. Also, its 7-day gain is 5.8%.<\/span><\/p>\n

    ICP Enters Favorable Buy Zone<\/h3>\n
    \"Crypto\"
    Source: Tradingview.com<\/a><\/figcaption><\/figure>\n

    ICP is trading in an uptrend today, crossing into the upper region of the Donchian Channel (D.C.) as the bulls continue their charge.<\/span><\/p>\n

    Its RSI value is 58.00, in the neutral zone and rising as it approached the overbought zone of 70. A potential price increase is still possible as buyers dominate the market.<\/span><\/p>\n

    ICP’s MACD moving above its signal line also confirms the bullish sentiment. Also, the green histogram bars confirm that ICP is in a favorable buy zone as the bulls maintain control. <\/span>ICP will likely retain its gains till it enters the overbought zone in the coming days. <\/span><\/p>\n

    BTC20 (BTC20)<\/h2>\n

    BTC20<\/span><\/a> is a green cryptocurrency project built on the ERC-209 standard that hopes to replicate the early success of Bitcoin. It operates on Ethereum’s blockchain and benefits from the speed and scalability of the network.<\/span><\/p>\n

    It has a total supply of 21 million tokens, with 6.05 million for the presale stage at $1 each. Also, all unsold tokens in the presales will be locked in staking contracts as rewards for stakes in the ecosystem. <\/span>With every original Bitcoin block confirmed, BTC20 tokens will be released and distributed to stakes, similar to Bitcoin’s schedule.<\/span><\/p>\n