Top Crypto Gainers Today Aug 20 – Syscoin, Qtum, Immutable X, Nervos Network

At present’s high crypto gainers showcase spectacular development and innovation. Syscoin leads with a big 77% surge, pushed by its current Binance itemizing. Qtum follows with a stable 9.3% improve, because of its mix of Bitcoin and Ethereum applied sciences. Immutable X, the pioneer in NFT scalability, noticed a 7.75% rise, bolstered by its cutting-edge know-how. Lastly, Nervos Community stands out with a 7.10% acquire, demonstrating its strong dual-layer structure and market resilience. In the meantime, Pepe Unchained is capturing consideration with its $9.5 million presale and substantial staking rewards. 

Largest Crypto Gainers At present – Prime Record

As Bitcoin traded above $61,000 in the course of the Asian session, the market is abuzz with anticipation forward of Federal Reserve Chair Jerome Powell’s remarks later this week. The newest knowledge reveals a surge in Bitcoin ETF inflows, with over $61 million added, highlighting sturdy investor curiosity. Polymarket bettors are predicting stability for Bitcoin, with a 66% likelihood it would keep above $60K by week’s finish. On this local weather of cautious optimism, our high crypto gainers right now replicate the dynamic shifts and development potential within the crypto market.

1. Syscoin (SYS)

Syscoin uniquely blends Bitcoin’s safety with Ethereum’s performance. It provides trustless interoperability, scalable transactions, and strong safety. Notably, it helps merged mining with Bitcoin, permitting miners to mine each BTC and SYS with out further prices. This integration boosts Syscoin’s safety, as over 50% of Bitcoin’s hashrate additionally mines SYS.

In contrast to many platforms, Syscoin allows interplay with any Ethereum ERC-20 token without having third-party liquidity suppliers. This implies customers can profit from the perfect of each worlds. The platform additional enhances safety with decentralized finality, decreasing the danger of 51% assaults.

As of right now, Syscoin is buying and selling at $0.179791, reflecting a whopping 77.06% improve within the final 24 hours. One key driver behind this surge is Binance’s current itemizing of the SYS/USDT perpetual contract. This new buying and selling choice, with as much as 50x leverage and Multi-Asset Mode, sparked important investor curiosity. The surge is additional supported by SYS’s excessive liquidity, mirrored in a volume-to-market-cap ratio of 6.1582, making it simple to commerce.

#BinanceFutures

🔗 https://t.co/NlzBNx1OIa

— Syscoin (@syscoin) August 19, 2024

Nevertheless, it’s essential to notice that Binance might modify the specs of this buying and selling choice, together with its funding price, tick measurement, and margin necessities. Subsequently, merchants ought to keep knowledgeable about any updates to maximise their buying and selling methods.

Key metrics additionally present Syscoin’s potential. The 14-day RSI stands at 52.08, indicating neutrality, whereas its 30-day volatility is low at 20%, providing stability. At the moment, it trades 20.55% above its 200-day SMA of $0.148323, suggesting sturdy bullish momentum. Over the previous 12 months, SYS has gained 98%, surpassing 67% of the highest 100 crypto property. For buyers in search of stability and development potential, Syscoin is a powerful contender.

2. Qtum (QTUM)

Qtum stands out for seamlessly mixing the strengths of Bitcoin and Ethereum. The venture isn’t just about one factor; it’s about making a platform that actually addresses the gaps in each Bitcoin and Ethereum. With a basis constructed on Bitcoin’s UTXO transaction mannequin, it provides the flexibleness of Ethereum’s good contracts.

Furthermore, Qtum units itself aside with distinctive applied sciences. The Account Abstraction Layer (AAL) bridges Bitcoin’s transaction mannequin with Ethereum’s good contracts. Moreover, its Decentralized Governance Protocol (DGP) is one other standout function, permitting the community to evolve with out disruptive onerous forks, thereby guaranteeing clean upgrades. Moreover, stakeholders can vote on adjustments, making governance really decentralized. For safety, Qtum makes use of a Mutualized Proof-of-Stake (MPoS) mechanism, additional enhancing its robustness.

Since June 2017, Qtum has seen 48 GitHub releases. Every launch consists of a number of patches and updates, together with different new options. Qtum Core is at present model 25.1 in manufacturing, model 26.1 is in testing, and model 27.1 being developed.

Qtum Core 25.1 (Present… pic.twitter.com/t78bUgEc1S

— Qtum (@qtum) July 16, 2024

Available on the market entrance, Qtum has been performing nicely. At the moment priced at $2.44, it has seen a stable 9.30% improve in simply 24 hours. Moreover, its excessive liquidity, with a volume-to-market cap ratio of 0.2363, which facilitates its clean buying and selling. Moreover, the 30-day volatility is a low 10%, suggesting that Qtum’s worth is comparatively steady.

Nevertheless, it’s price noting that whereas Qtum is buying and selling 23.43% under its 200-day SMA, this might current a shopping for alternative for individuals who imagine in its long-term potential. Over the previous 12 months, it has elevated by 9%, demonstrating its resilience in a unstable market. But, it’s outperformed solely 29% of the highest 100 crypto property, which suggests there’s nonetheless room for development.

3. Pepe Unchained (PEPU)

Pepe Unchained is making a buzz, hovering previous $9.5 million in its presale and capturing the eye of keen buyers. The presale’s fast progress, from $8 million to $9 million, highlights rising investor curiosity. Notably, a big whale not too long ago invested $3.13 million in Pepe ($PEPE), additional fueling pleasure.

The presale’s success coincides with a notable rise in Ethereum Layer 2 exercise. Coinbase’s Base chain reached 3.6 million transactions in in the future, whereas Layer 2 protocols collectively processed 12.44 million transactions. This uptick in Layer 2 utilization exhibits rising curiosity in scaling options.

$PEPU, operating on its proprietary Layer 2 blockchain, provides enhanced speeds and decrease transaction prices in comparison with Ethereum’s base layer. This growth goals to beat Ethereum’s congestion and excessive charges. The token’s potential to ship quicker and cheaper transactions is predicted to draw each meme coin fans and DeFi buyers.

Buyers are drawn to $PEPU for its substantial staking rewards, providing over 218% APY, and its important utility in comparison with different meme cash. Simply think about an preliminary funding of $100 in $PEPU might yield over $11,000 price of tokens. Moreover, $ PEPU’s anticipated change listings might drive additional curiosity and funding.

The venture has undergone thorough audits by Coinsult and SolidProof, confirming the integrity of its good contracts. With its presale set to hit new highs, Pepe Unchained presents an attractive alternative for buyers in search of each excessive returns and innovation within the meme coin area.

Go to Pepe Unchained Presale

4. Immutable X (IMX)

Immutable X is revolutionizing the NFT area with its revolutionary strategy. As the primary layer-two scaling resolution tailor-made for NFTs on Ethereum, it tackles the constraints of the Ethereum community. Particularly, it overcomes points like low scalability and excessive gasoline charges. Consequently, customers profit from on the spot buying and selling and big scalability. Furthermore, because of its zk-rollups know-how, it processes transactions off-chain whereas retaining safety intact by storing validity proofs on Ethereum’s foremost chain.

As well as, Immutable X simplifies interactions with its API abstraction layer. Builders can simply mint, commerce, and switch NFTs via easy API calls. This ease of use attracts gaming and content material corporations in search of a seamless integration.

Moreover, the platform helps a unified NFT pockets expertise. Customers don’t want to change networks, because of its “Hyperlink” function. This performance permits Immutable X to help third-party marketplaces securely. In consequence, it lowers the boundaries for content material creators and builders alike.

The brand new technology of gaming is right here on Immutable.

With @SpaceNationOL and @autolegendsrace, we’ll see you at @gamescom. pic.twitter.com/p9pqsJsMkp

— Immutable (@Immutable) August 19, 2024

Identical to its fellow high gainers, IMX is demonstrating outstanding success. At $1.187694, the coin has seen a outstanding 7.75% leap over the past 24 hours. It boasts excessive liquidity with a volume-to-market cap ratio of 0.0303. The 30-day volatility stands at a low of 14%, indicating steady worth behaviour. Over the previous 12 months, Immutable X has surged by 95%, outperforming 66% of the highest 100 crypto property. This distinctive efficiency highlights its sturdy potential for continued development and stability within the NFT enviornment.

5. Nervos Community (CKB)

Nervos Community continues to impress with its revolutionary strategy and robust efficiency. Launched in November 2019, it encompasses a distinctive dual-layer structure. This design features a base layer referred to as the Widespread Information Base (CKB) and a computation layer. The bottom layer, utilizing Proof-of-Work (PoW), ensures community safety and drives the ecosystem. In the meantime, the computation layer processes transactions and helps decentralized purposes (dApps) and good contracts.

This layered strategy permits Nervos Community to supply strong safety whereas supporting a variety of blockchain companies. The community is open-source and modular, accommodating numerous property and dApps. Customers profit from its scalability and decentralized nature. Notably, Nervos Community makes use of a PoW-based Nakamoto consensus mechanism, which is secured and decentralized via its CKB token. Common audits and security-focused hackathons additional strengthen this setup.

Turning to current efficiency, CKB is buying and selling at $0.008227, marking a 7.10% improve in simply 24 hours. This surge highlights the rising curiosity in Nervos Community. A serious driver of this development is its excessive liquidity, evidenced by a volume-to-market-cap ratio of 0.0667. The 14-day RSI stands at 48.15, indicating a impartial market place and suggesting that CKB would possibly commerce sideways within the close to future.

🛠️ Devs! It’s time to check a brand new multisig device to make sure a greater, safer resolution for CKB Improvement.

🙌🔐 Strive it out right here: https://t.co/KrAX23TZCl and share your suggestions to assist it enhance!

— CKB DevRel (@CKBDevrel) August 16, 2024

Moreover, the 30-day volatility is comparatively low at 20%, which provides to the coin’s stability. At the moment, it’s buying and selling 11.71% above its 200-day Easy Shifting Common (SMA) of $0.007369, reflecting constructive momentum. Over the previous 12 months, the worth of CKB has surged by 208%, outperforming 81% of the highest 100 crypto property. This spectacular efficiency exhibits this high gainer’s sturdy market place and potential for future good points.

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