Top Crypto Gainers Today Aug 22 – Tectum, Frax Share, Astar Network, Chainlink

Amongst right now’s prime crypto gainers, Tectum reigns supreme with its astonishing 33.34% surge in simply 24 hours, although it grapples with a 16% decline over the previous yr. Frax Share additionally makes waves with an 18.61% value spike, but it struggles with a stark 59% annual drop and a big hole under its 200-day SMA. 

In the meantime, Astar Community shines with a 12.42% day by day enhance and a strong 17% yearly achieve regardless of its average 22.75% drop under its 200-day SMA. Lastly, Chainlink boosts its profile with a 9.54% current uptick and a outstanding 84% year-long development, although it’s nonetheless buying and selling 23.06% under its 200-day SMA. With these standout options and challenges, learn on to search out out which token might be your subsequent funding gem. 

Largest Crypto Gainers As we speak – Prime Record

Earlier than going into the highest gainers of the day, let’s take a peek on the present market overview. The crypto market is prospering, with a complete capitalization of $2.16 trillion and a buying and selling quantity of $494.10 billion prior to now 24 hours. Bitcoin leads the cost, buying and selling at $61,237, marking a notable 2.96% enhance and sustaining a dominant 55.98% market share. In the meantime, the market sentiment stays impartial, as mirrored by the Concern & Greed Index, which sits at 39, signaling a cautious however steady temper. Apparently, 90% of cryptocurrencies have proven positive factors lately, highlighting an general constructive pattern.

1. Tectum (TET)

Tectum has taken middle stage right now, rating first among the many prime gainers with a 33.34% value surge within the final 24 hours. This fast rise has caught the eye of traders, however Tectum’s enchantment goes far past its current efficiency.

Tectum is a third-generation Layer 1 blockchain that’s altering the sport. It processes an astounding 3.5 million transactions per second. This pace isn’t simply spectacular; it solves the scalability points which have lengthy plagued Bitcoin funds. By doing so, Tectum has positioned itself as one of many quickest blockchains on the planet. This makes it a key participant in the way forward for digital funds.

On the core of Tectum’s innovation is the SoftNote system. This transactionless cost platform permits immediate funds with zero charges. By leveraging Tectum’s Bitcoin node and overlay community, SoftNote makes on-chain transfers each quick and cost-effective. It’s greater than a cost system; it’s a revolutionary technique to make Bitcoin scalable and accessible.

Tectum additionally excels in knowledge storage. As an alternative of storing knowledge instantly on the blockchain, it makes use of hashes to map again to the unique knowledge saved at a decrease degree. This technique enhances safety and reduces storage wants, making the blockchain extra environment friendly.

How Tectum is Enabling Folks to Personal and Spend Crypto

Wouldn’t or not it’s good to have the ability to spend your crypto in ways in which you need to?
With the Softnote you may!

🔹Simplifying Transfers
🔹Least expensive Gasoline Charges
🔹Immediate Transfers
🔹Unrestricted World Funds
🔹Enabling the Use of… pic.twitter.com/Qzecb3OF0B

— Tectum (@tectumsocial) August 21, 2024

Whereas TET’s current efficiency is robust, it has had a difficult yr, with the worth down 16% over the previous 12 months. But, with 19% volatility and 13 inexperienced days out of the final 30, TET stays a dynamic participant.

2. Frax Share (FXS)

Frax Share is grabbing consideration right now with a formidable 18.61% value spike, pushing its worth as much as $2.32. Because the staking and governance token for the Frax ecosystem, FXS is designed to be risky, reflecting its function in each governance and utility. It manages key capabilities like collateral swimming pools and charge changes. On the identical time, it adopts a governance-minimized method just like Bitcoin, specializing in important parameters slightly than intensive DAO-like administration.

At the moment, FXS reveals a impartial market stance with a 14-day Relative Energy Index (RSI) of 43.49, suggesting it’s neither overbought nor oversold. This neutrality might result in sideways buying and selling within the close to time period. Moreover, the token’s 30-day volatility stands at a low of 11%, indicating steady value habits and minimizing the danger of sudden fluctuations.

Regardless of these constructive short-term indicators, FXS faces vital long-term challenges. It’s buying and selling 65.45% under its 200-day Easy Transferring Common (SMA) of $6.71, indicating ongoing difficulties in sustaining upward momentum. Over the previous yr, FXS has skilled a 59% lower in worth, reflecting broader market developments and challenges.

1/ Safety and decentralization are core to Frax.

Final week, we partnered with @symbiotic to safe our rising ecosystem by way of $FXS restaking.

Almost 1M FXS has already been restaked. Be part of now and begin incomes Symbiotic factors: https://t.co/w7U12Rscly

🧵👇 pic.twitter.com/pEi7vFBaku

— Frax Finance ¤⛓️¤ (@fraxfinance) August 21, 2024

Furthermore, compared to its friends, FXS has solely outperformed 1% of the highest 100 cryptocurrencies by market cap. This restricted relative efficiency highlights that, regardless of right now’s positive factors, FXS has struggled to maintain tempo with different main belongings. Whereas providing short-term positive factors, traders ought to observe its long-term challenges and relative underperformance within the broader crypto market.

3. Shiba Shootout (SHIBASHOOT)

Shiba Shootout is making a stir within the meme coin area, having secured greater than $1 million in presale funds and demonstrating outstanding momentum. The present token value is $0.0199, however that is set to extend in lower than 24 hours. This thrilling venture blends humor and utility, promising each a powerful neighborhood spirit and potential monetary rewards. Buyers have a singular probability to get in early and profit from the venture’s development.

#SHIBASHOOT to the moon! 🌕🚀

We have simply crossed the $1M mark! 💰

The momentum is unbelievable! 🌟

Large because of our superb neighborhood! 🙌 pic.twitter.com/ZkVaJSCioA

— shibashootout (@shibashootout) August 22, 2024

The Shiba Shootout expertise goes past typical meme cash. The sport, Shiba Sharpshooter, has already attracted over 1,000 downloads on Google Play and provides a Wild West journey the place gamers interact in thrilling duels. Including to the thrill, the venture options “Posse Rewards,” permitting customers to earn an enormous 5% on all referral purchases by sharing their distinctive code. Moreover, the “Cactus Staking Program” provides a staggering 931% APY, making staking $SHIBASHOOT tokens notably engaging.

The venture’s ecosystem consists of the full of life Shiba Gulch, a hub for meme battles and artistic competitions. Right here, individuals can earn tokens by way of actions like “Campfire Tales” and the “Fortunate Lasso Lottery.” With tokenomics fastidiously deliberate—35% for presale, 20% for staking, and 20% for advertising—Shiba Shootout is well-positioned for long-term success. The token’s safety is bolstered by audits from SolidProof and KYC verification by Coinsult, guaranteeing a reliable funding. Don’t miss your probability to put money into Shiba Shootout, join your pockets, and seize the chance to be a part of this thrilling meme coin enterprise.

Go to Shiba Shootout Presale

4. Astar Community (ASTR)

Astar Community impressively rises because the third prime gainer amongst right now’s prime 4 crypto belongings, attaining a 12.42% surge within the final 24 hours. This fast rise locations ASTR firmly within the highlight, signaling rising momentum. Over the previous yr, ASTR has gained 17%, solidifying its place as a key participant within the crypto market. At the moment, it’s buying and selling 22.75% above its 200-day SMA, a transparent signal of sustained development.

Including to its enchantment, Astar boasts excessive liquidity, with a market cap-to-volume ratio of 0.3037. This robust buying and selling exercise displays vital market curiosity. In the meantime, its 14-day RSI is at 57.91, indicating a impartial sentiment. This stability suggests room for additional development. Moreover, with simply 11% volatility over the past 30 days, Astar provides stability in a risky market.

However Astar is extra than simply spectacular numbers. It helps decentralized functions (dApps) and layer two options, offering a sturdy internet 3.0 infrastructure. Its distinctive integration of each EVM and WASM sensible contracts permits it to attach Polkadot with Ethereum and Cosmos, making it a vital hub within the blockchain ecosystem.

🙌 @neemofinance joins Astars dApp staking!

🐟 Neemo Finance plans to develop nsASTR (Neemo Staked ASTR), an LST token for ASTR, and launch it on the Astar EVM, with future implementations on different L2 chains.

👉 Be taught extra about Neemo Finance right here: https://t.co/lKg5bdeGrP pic.twitter.com/WEnRW0cTNo

— Astar Community (@AstarNetwork) August 18, 2024

Backed by Binance Labs and Coinbase Ventures, Astar is constructed on Substrate with an additional layer powered by the Optimistic Digital Machine (OVM) for scalability. Its standout options, like operator buying and selling and Multi-Lockdrop, additional improve its worth. Furthermore, its dApp staking and reward system drives ecosystem development. Working on a Nominated Proof-of-Stake (NPoS) consensus and benefiting from Polkadot’s safety mannequin, Astar is progressive and likewise safe. This mix of options and efficiency makes ASTR a token to look at.

5. Chainlink (LINK)

Chainlink stands out as a blockchain abstraction layer that integrates off-chain knowledge into sensible contracts. Its decentralized Oracle community permits blockchains to work together with exterior knowledge feeds and cost strategies securely. Consequently, this integration is significant for advanced sensible contracts, establishing Chainlink as a key participant in knowledge processing. Moreover, it makes use of the Proof-of-Stake (PoS) mechanism, which is extra energy-efficient in comparison with Bitcoin’s Proof-of-Work (PoW).

What additional units Chainlink aside is its intensive community of information suppliers and node operators. Trusted companions like Courageous New Coin, Alpha Vantage, and Huobi contribute to the community, enabling knowledge monetization and enhancing general performance. Moreover, Chainlink’s decentralized nature permits customers to grow to be node operators, incomes income by operating crucial knowledge infrastructure. This method helps main DeFi functions comparable to Synthetix, Aave, and Compound, securing billions in worth.

DeFi requires credibly impartial infrastructure that eliminates conflicts of curiosity, data asymmetry, and market manipulation.

How #Chainlink permits high-integrity DeFi markets ↓https://t.co/0S0jIkZ1zY

— Chainlink (@chainlink) August 22, 2024

Chainlink has made notable strides lately, with its value rising by 9.54% within the final 24 hours. At the moment, its liquidity stays excessive, with a volume-to-market-cap ratio of 0.1007. Though its 14-day Relative Energy Index (RSI) is at 43.10, indicating a impartial market stance, the 30-day volatility is low at 13%. Regardless of buying and selling 23.06% under its 200-day Easy Transferring Common of $14.79, LINK’s value has surged by 84% over the previous yr. This spectacular development has allowed this prime gainer to outperform 58% of the highest 100 crypto belongings by market cap.

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