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Top Crypto Gainers Today Aug 19 – SuperRare, Toncoin, Iotex, DeXe

Top Crypto Gainers Today Aug 19 – SuperRare, Toncoin, Iotex, DeXe

Insidebitcoin2024/08/20 08:04
By:Insidebitcoin
 

The crypto market is currently navigating volatility, with Bitcoin briefly reaching $60K before dropping to $58,420—a 2.60% decrease in 24 hours. The total market cap is $2.07 trillion, with Bitcoin holding a 55.70% dominance, equating to a $1.15 trillion market cap. The Fear Greed Index shows a reading of 28, reflecting market fear, while 78% of cryptocurrencies have lost value, and only 22% have gained in the last 24 hours. Amid this uncertainty, top gainers like SuperRare, Toncoin, IoTeX, and DeXe are making notable moves.

Biggest Crypto Gainers Today – Top List

SuperRare leads with a 24.39% daily surge and a 326% yearly gain, trading well above its 200-day SMA, signalling strong momentum. Toncoin follows with an impressive 7.95% daily rise and a 423% annual increase, also trading significantly above its 200-day SMA, reflecting notable growth. 

IoTeX shows a more modest daily gain of 5.88% and a 135% yearly rise but is trading below its 200-day SMA, suggesting some downward pressure. DeXe offers steady performance with a 4.74% daily increase and a 249% annual gain, trading comfortably above its 200-day SMA. Each top gainer excels differently, with SuperRare and Toncoin leading in growth, while IoTeX and DeXe show stability with future potential.

1. SuperRare (RARE)

SuperRare is a curated NFT marketplace focused on on-chain art, where artists and collectors engage in buying, selling, and trading digital artworks. Governed by RARE token holders through RareDAO, the platform ensures decentralized decision-making. Moreover, it is secured by Ethereum’s proof-of-stake mechanism, which requires validators to stake 32 ETH. Additionally, governance is reinforced with a 4/7 multi-signature wallet, further enhancing security and decentralization.

Currently, SuperRare is trading at $0.260585, marking a 24.39% surge in just 24 hours. Over the past year, the token has skyrocketed by 326%. This impressive performance places RARE first among the top gainers. In fact, it has outpaced 89% of the top 100 crypto assets. Additionally, it has seen 14 green days in the last 30, signalling solid momentum.

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Technically, RARE is trading 203.62% above its 200-day Simple Moving Average (SMA) of $0.086334. This indicates strong upward momentum. Furthermore, the 14-day Relative Strength Index (RSI) is at 54.43, suggesting a neutral stance. Liquidity is another strong point for RARE. With a volume-to-market cap ratio of 3.5380, the token shows high liquidity. Moreover, with a 30-day volatility rate of just 28%, RARE presents a relatively stable trading environment.

 

Recently, RARE grabbed headlines by surpassing the $0.3 mark, with a staggering 174.3% increase over the last seven days. This surge is fueled by growing interest in digital art. However, while excitement is high, the volatile nature of the market suggests cautious optimism. In any case, the future of SuperRare looks promising.

2. Toncoin (TON)

Toncoin has been gaining significant attention, particularly after its recent 9% price surge to $7.05. This rise is linked to its addition to Binance’s Launchpool, which boosts visibility and accessibility by allowing users to stake assets like BNB and FDUSD to earn TON tokens. This listing is a major endorsement that boosts short-term demand and also solidifies Toncoin’s position in the market.

Beyond this immediate impact, Toncoin’s long-term potential is underpinned by its strategic partnership with Telegram. As Telegram’s official Web3 infrastructure, TON aims to onboard 30% of all users by 2028, greatly expanding its user base and utility. TON’s advanced technology further complements this partnership. Its sharding mechanism enables near-limitless, ultra-fast transactions, ensuring scalability and efficiency for a growing user base.

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Toncoin’s ecosystem is equally robust, offering services like TON Storage, TON Proxy, and TON DNS. These services boost functionality and security, attracting developers and users. The network’s security is also enhanced by its proof-of-stake (PoS) mechanism and smart contracts.

 

Investors should also note Toncoin’s strong market performance. It has outperformed 90% of the top 100 crypto assets over the past year, with a staggering 423% price increase. The token is currently trading 246.81% above its 200-day SMA, indicating strong upward momentum. Despite this growth, it maintains a low 30-day volatility of 7%, suggesting relatively stable trading conditions. With a strong liquidity ratio of 0.0419 and recent achievements, Toncoin is well-positioned for short-term gains and long-term growth.

3. Shiba Shootout (SHIBASHOOT)

Shiba Shootout brings the legendary meme dog into a captivating Wild West setting, creating an engaging Play-to-Earn experience. Set in the fictional town of Shiba Gulch, the game allows players to participate in thrilling gunfights and win SHIBASHOOT tokens. While the game is already available on both Google Play and the Apple App Store, it awaits a Web3 update that will enable token rewards.

 

Furthermore, players can dive into epic duels where precision and timing are crucial. In addition to the core gameplay, Shiba Shootout offers intriguing features. For example, Cactus Staking allows tokens to accumulate over time. Furthermore, Posse Rewards is a referral program that boosts earnings for both the referrer and the referred.

Moreover, the game introduces several engaging elements. Campfire Stories provides a platform for sharing crypto experiences. Governance Roundups allow players to participate in project decisions. Lastly, Lucky Lasso Lotteries offer a chance to win significant crypto prizes. These elements collectively enhance the gaming experience and foster a dynamic community.

 

 

As for the token’s market performance, SHIBASHOOT is currently priced at $0.0199, with the presale raising approximately $1 million out of a $1.7 million goal. With development progressing through phases, from initial research to the marketing drive, Shiba Shootout is set to make a significant impact upon its full launch. Given its innovative concept and strong meme appeal, it’s likely to experience notable price growth as the project evolves.

Visit Shiba Shootout Presale

4. Iotex (IOTX)

IoTeX is revolutionizing machine economies with its decentralized platform, which was launched in April 2019. It features a high-performance, EVM-compatible blockchain with the Roll-DPoS consensus mechanism. The platform supports Ethereum, BSC, and Heco via tools like ioPay wallet and ioTube bridge. It ensures robust security with ring signatures and reliable payment codes, while Delegated Proof-of-Stake (DPoS) promotes decentralization by allowing stakeholders to vote for block producers.

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Recently, IoTeX introduced its Surf Accelerator Cohort, showcasing nine emerging DePin projects. Among them, Nubila Network focuses on ESG issues and precise weather data, while Qualoo Network aims to map internet quality in real-time. SWEATEMPLE offers AI-driven fitness rewards, and SCANNIT promotes financial digital identity ownership through receipt scanning. Furthermore, projects like Magma Protocol, Bedrock, Quenta, Loxodrome, and PinSwap each add unique innovations despite varying levels of social media traction.

 

So, how is the market responding to these latest innovations? As of today, IoTeX is trading at $0.033571, reflecting a 5.88% increase in the past 24 hours. The token shows strong liquidity with a volume-to-market cap ratio of 0.0715. Yet, it is 19.62% below its 200-day SMA of $0.041767, suggesting some downward pressure. The 14-day RSI at 62.63 implies a neutral market stance, potentially leading to sideways trading. With 30-day volatility at a low 16%, stability is evident. Over the past year, IoTeX has surged by 135% and bested 80% of the top 100 crypto assets. The question remains: Will these new DePin projects drive further growth and influence in the crypto space?

5. DeXe (DEXE)

DeXe is a leading protocol in the DeFi sector, specializing in the creation and governance of decentralized autonomous organizations (DAOs). It aims to foster the development of DAOs that are equitable, meritocratic, and effective, focusing on rapid, sustainable growth and active member participation. The DeXe Protocol, governed by the DeXe DAO, utilizes the DEXE token as its core governance tool. This token empowers holders to influence key decisions and contribute to shaping the protocol’s future.

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Strategic partnerships, such as the alliance with SwissBorg, have bolstered DeXe’s ecosystem. These collaborations expand its reach and application in blockchain and DeFi, enhancing its influence. Moreover, security is a key focus for DeXe. Robust smart contracts, rigorously audited to prevent vulnerabilities, are central to its framework. Additionally, the decentralized DAO structure ensures transparency and reduces control risks. Non-custodial wallets further protect users by giving them full control over their assets, thus minimizing risks linked to centralized storage.

 

In terms of market performance, DeXe is currently priced at $7.63, reflecting a recent 4.74% increase over the past 24 hours. Additionally, it exhibits medium liquidity, with a 0.0106 volume-to-market cap ratio. Meanwhile, the top gainer’s 14-day RSI stands at 38.33, which indicates a neutral market condition. Furthermore, with a 30-day volatility of 14%, it demonstrates relatively stable trading conditions. Trading 171.93% above its 200-day SMA and has achieved a remarkable 249% price increase over the past year. Impressively, DeXe has outperformed 86% of the top 100 crypto assets by market cap during the same period.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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