{"id":483225,"date":"2024-02-23T18:34:47","date_gmt":"2024-02-23T18:34:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=483225"},"modified":"2024-02-23T18:34:47","modified_gmt":"2024-02-23T18:34:47","slug":"top-crypto-gainers-today-february-23-axelar-woo-network-kucoin-token-gala","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/top-crypto-gainers-today-february-23-axelar-woo-network-kucoin-token-gala","title":{"rendered":"Top Crypto Gainers Today February 23 – Axelar, WOO Network, KuCoin Token, Gala"},"content":{"rendered":"

In today’s <\/span>top crypto gainers<\/span><\/a>, four tokens rise to the forefront, each boasting unique features. Axelar (AXL) leads with its cross-chain prowess, witnessing a staggering 107% price increase over the past year. WOO Network (WOO) surges by 14.80% within 24 hours, driven by its commitment to liquidity provision.<\/span><\/p>\n

KuCoin Token (KCS) experiences a 5.80% surge, backed by its innovative profit-sharing model. Gala (GALA) maintains stability despite a -37% price decrease last year, showcasing resilience amidst market fluctuations.<\/span><\/p>\n

Worthy of note is Scotty, which has increased with Ocean Protocol’s OCEAN and <\/span>Fetch.AI’s<\/span><\/a> FET amid a 7.7% market surge. These tokens embody the evolving crypto market, offering investors diverse opportunities for growth and innovation.<\/span><\/p>\n

Biggest Crypto Gainers Today – Top List<\/b><\/h2>\n

The crypto space remains vibrant with a total capitalization of $1.97T, despite Bitcoin’s slight dip to $51,300, marking a 0.94% decrease. As a Fear & Greed Index reading 76 (Extreme Greed) indicates, market sentiment remains bullish. Axelar emerges as the top gainer, soaring by 16.63%, while Livepeer experienced an 11.35% loss in the last 24 hours.<\/span><\/p>\n

1. <\/b>Axelar (AXL)<\/b><\/h3>\n

Axelar facilitates secure cross-chain communication for Web3, offering a decentralized network, development kit, and gateway smart contracts. Its dynamic validator ensures security via a PoS consensus mechanism. AXL, its native token, supports cross-chain transfers, including AVAX, ETH, FTM, GLMR, and MATIC.<\/span><\/p>\n

Notably, Axelar stands out for its secure cross-chain communication on Proof-of-Stake. It simplifies development with protocols, APIs, and tools. The current price of Axelar is $1.530097, with a 19.57% increase in the last 24 hours and a market capitalization of $883.32M, dominating 0.04% of the market.<\/span><\/p>\n

\"AXL<\/p>\n

Axelar’s price increased 107% in the past year, outperforming 75% of the top 100 crypto assets and Ethereum but underperforming Bitcoin. It trades 218.88% above the 200-day SMA and exhibits neutral sentiment with a 14% 30-day volatility and a 54.13 14-day RSI.<\/span><\/p>\n

Axelar’s latest development involves Sommelier’s L2 DeFi vault enabled by Axelar’s General Message Passing, expanding yield opportunities on Ethereum’s layer 2. Over $60 million sits in its vaults on Ethereum. Sommelier aims to reach a larger audience and tap into new ways to generate yield.<\/span><\/p>\n

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💡 Chain abstraction and the future of Ethereum scaling<\/p>\n

Q: What does 'scalability' mean in an Ethereum ecosystem exploding with new L2s and L3s?<\/p>\n

A: Chain abstraction – sounds advanced, but the idea is simple 👇<\/p>\n

→ Users on any EVM chain can easily interact with applications… pic.twitter.com\/EZ4OCqkgpR<\/a><\/p>\n

— Axelar Network (@axelarnetwork) February 20, 2024<\/a><\/p><\/blockquote>\n