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Top Crypto Gainers Today Aug 12 – Aelf, Curve DAO Token, Sui Crypto, Compound

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ELF Price Chart

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At this time’s market insights recommend that Bitcoin (BTC) is perhaps hitting a “native backside,” as CryptoQuant’s newest evaluation highlights. The NVT-GC device, a key on-chain metric, is flashing bullish indicators, hinting at a possible rebound regardless of earlier warnings of a potential downturn. At present priced at $58,681, Bitcoin has dipped 3.8% over the past 24 hours after shedding floor beneath $60,000. 

Nonetheless, a stronger restoration over the previous week, with a 7.58% achieve from lows of $49,500, reveals a constructive shift. The NVT-GC, evaluating Bitcoin’s market cap to transaction worth, hints at a turning level, just like January 18 and July 12, which noticed positive aspects of 78% and 23%, respectively. 

Greatest Crypto Gainers At this time – Prime Record

As Bitcoin flirts with restoration, the highlight shines on at present’s prime gainers within the crypto market. Aelf and Curve DAO Token are making headlines with spectacular positive aspects, whereas Sui Crypto and Compound present regular progress. Aelf, up 9.18%, is leveraging its new ChainGPT partnership to drive a significant blockchain innovation leap. Curve DAO Token, up by 5.37%, continues to make waves within the stablecoin buying and selling house. Sui Crypto provides to the joy with a 1.21% enhance, reflecting its sturdy market presence. In the meantime, Compound’s quieter rise of 0.37% underscores a market full of potential and shifting dynamics.

1. Aelf (ELF)

Aelf is a pioneering Layer 1 blockchain platform identified for its modular programs and parallel processing. Launched in 2017 with its international hub in Singapore, it leads Asia in blockchain innovation. Its cloud-native structure and multi-sidechain know-how provide limitless scalability. By integrating superior AI, Aelf transforms blockchain into a better, self-evolving ecosystem. Moreover, it offers instruments for constructing and deploying good contracts and dApps with its native C# SDK and SDKs in Java, JS, Python, and Go.

ELF Price Chart

In a significant leap ahead, Aelf has formally unveiled a strategic partnership with ChainGPT. This collaboration will combine ChainGPT’s cutting-edge decentralized AI applied sciences, considerably boosting Aelf’s blockchain capabilities. Brian Liang, Aelf’s COO, highlighted the partnership’s transformative potential, noting the way it will improve blockchain purposes. Builders will now profit from superior instruments, driving the creation of extra dynamic purposes and fostering smarter interactions.

In gentle of this collaboration, Aelf, priced at $0.439534, has seen a big 9.18% surge within the final 24 hours, signalling a robust market response. It maintains a robust market presence with a excessive liquidity ratio of 0.2566 volume-to-market-cap. Nonetheless, it’s nonetheless buying and selling 16.38% beneath its 200-day SMA, very similar to CRV, which faces related downward stress. The 14-day RSI of 31.40 means that Aelf is at present impartial, with the market presumably gearing up for its subsequent transfer. Regardless of this neutrality, its low volatility of 5% provides a layer of stability, making its 53% value enhance over the previous 12 months all of the extra spectacular.

2. Curve DAO Token (CRV)

Curve DAO Token is on the coronary heart of Curve, a decentralized trade designed particularly for stablecoin buying and selling. It makes use of an Automated Market Maker (AMM) to handle liquidity effectively. In consequence, Curve has turn into a distinguished participant within the DeFi house, catering to these concerned in yield farming and liquidity mining. Customers can maximize returns with minimal danger by buying and selling stablecoins, that are much less unstable.

CRV Price Chart

CRV Price Chart

The CRV token, launched alongside the DAO, enhances profitability by serving as a governance token. It’s awarded to customers primarily based on their liquidity dedication and size of possession, additional incentivizing participation. The Curve platform fees a modest payment, which advantages liquidity suppliers. Nonetheless, like several decentralized system, it carries dangers. Customers face potential impermanent loss, a typical challenge with AMMs. Whereas Curve reduces danger by solely supporting stablecoins, market fluctuations and rebalancing can nonetheless result in losses.

CRV, now priced at $0.272402, managed a 5.37% enhance over the past 24 hours, providing a glimpse of restoration. Its liquidity is robust, with a 0.9354 volume-to-market-cap ratio, suggesting it’s extra actively traded than Aelf. Like Compound, which noticed a minimal value enhance, CRV trades in a impartial zone with a 14-day RSI of 56.19, reflecting market indecision.

Regardless of 13 inexperienced days out of the final 30, its volatility is a low 8%, which contrasts with the upper volatility in belongings like Sui Crypto. Nonetheless, CRV’s steep decline, buying and selling 55.77% beneath its 200-day SMA, underscores a troublesome 12 months. That is additional emphasised by its 54% value drop—a stark distinction to Aelf’s upward trajectory.

3. The Meme Video games (MGAMES)

Launching on September 10, 2024, The Meme Video games Token will debut on decentralized exchanges (DEX). As anticipation builds, early traders are invited to hitch a thematic competitors impressed by the Olympic spirit. With a present value of $0.0092 and $358,027.19 already raised towards a objective of $1,054,862, buying $MGMES tokens now grants a 25% bonus. This presale provides an opportunity to be a part of a playful but doubtlessly rewarding expertise and goals to generate pleasure and draw customers to take a position early.

The Meme Video games Token introduces a novel idea the place meme cash take the highlight in a competition-style format. Consumers can select their favorite meme athlete from a various lineup, equivalent to PEPE, the swimming sensation, and DOGE, the sector athlete identified for his stamina. By buying $MGMES tokens, members enter their chosen meme competitor into the video games. Winners of the Meme Video games can take pleasure in a 25% bonus on their token purchases, including a component of technique and engagement to the funding.

To take part, customers can join their wallets and purchase $MGMES tokens utilizing ETH, BNB, USDT, or financial institution playing cards. The platform encourages a number of entries to extend the possibilities of profitable a bonus. Because the occasion progresses, token holders can observe their meme athletes and earn additional rewards if their opponents carry out nicely. Now’s the prime alternative to capitalize on this modern funding.

Go to The Meme Video games Presale

4. Sui Crypto (SUI)

Sui Crypto is a cutting-edge layer-1 blockchain platform constructed for international adoption. It makes use of a novel object-centric knowledge mannequin and the safe Transfer programming language to handle inefficiencies present in present blockchains. Furthermore, Sui prioritizes consumer expertise by eradicating frequent blockchain boundaries. As an example, improvements like zkLogin, sponsored transactions, and programmable transaction blocks make Sui’s purposes extra accessible and user-friendly.

SUI Price Chart

SUI Price Chart

Moreover, Sui’s structure helps low-latency transactions with secure charges, excessive throughput, and parallelized execution. Its object-oriented design allows builders to create objects tailor-made to their wants, making certain network-wide compatibility and deep composability. Moreover, distinctive options embrace parallel transaction processing and quick finality with consensus bypassing. The community’s safety depends on a delegated proof of stake (PoS) mechanism, with protocols like Narwhal and Bullshark managing transactions effectively.

At present, SUI is priced at $0.90632 and is on a gradual rise, with a 1.21% enhance within the final day. With a liquidity ratio of 0.7100, it reveals sturdy market participation, just like CRV’s excessive liquidity. Though its 14-day RSI 48.87 signifies a impartial stance, its 13% volatility suggests potential for extra important strikes. In distinction to Aelf, which stays beneath its 200-day SMA, Sui Crypto trades 55.48% above its 200-day SMA, signalling sturdy upward momentum. Moreover, with a 50% value enhance over the previous 12 months, it outpaces 58% of the highest 100 crypto belongings.

5. Compound (COMP)

Compound is a DeFi lending protocol the place customers earn curiosity by depositing cryptocurrencies into numerous swimming pools. When tokens are deposited, customers obtain cTokens in return. These cTokens signify their stake and could be redeemed for the unique cryptocurrency anytime. As time passes, the worth of those cTokens will increase, permitting customers to redeem extra of the underlying asset than initially deposited. This mechanism distributes curiosity to customers.

COMP Price Chart

COMP Price Chart

However, debtors can safe loans by depositing collateral into any Compound pool. The utmost Mortgage-to-Worth (LTV) ratio ranges from 50% to 75%, relying on the collateral kind. Furthermore, rates of interest range, and debtors danger computerized liquidation if their collateral worth drops beneath a sure threshold. Moreover, the platform’s governance, pushed by COMP token holders, permits the group to suggest and vote on modifications. In the meantime, safety is maintained by way of good contracts, which handle cToken transactions and implement overcollateralization.

Compound’s present value of $41.83 displays a mere 0.37% enhance within the final 24 hours, hinting at a market holding its breath. Whereas wholesome, its liquidity ratio of 0.1575 is much less spectacular than that of CRV, indicating that buying and selling exercise is perhaps extra subdued. Like Aelf, it’s at present buying and selling in a impartial zone with a 14-day RSI of 41.19, suggesting a market nonetheless weighing its choices. Regardless of 13 inexperienced days up to now 30, Compound’s 10% volatility hints at some market motion, although it’s nonetheless buying and selling 12.89% beneath its 200-day SMA. This 24% drop over the previous 12 months highlights a token struggling to maintain tempo, particularly in comparison with different prime gainers’ sturdy efficiency.

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