Top Crypto Gainers Today Aug 23 – Streamr, Livepeer, Pendle, The Graph

In a market the place safety breaches can devastate cryptocurrencies, the resilience of our chosen prime gainers stands out. In keeping with a current Immunefi report, over 77.8% of hacked tokens battle to get better. Greater than half lose over 50% of their worth inside six months. Nonetheless, these gainers are fortified with robust safety measures. This makes them not simply right this moment’s gainers but in addition well-secured tasks that encourage confidence in an more and more weak house. 

Greatest Crypto Gainers At the moment – High Listing

In a market brimming with crypto choices, right this moment’s prime gainers showcase spectacular efficiency and potential. Streamr leads with a 29.73% enhance, redefining knowledge economics by means of its modern peer-to-peer platform. Livepeer follows with an 11.55% rise, leveraging blockchain expertise to disrupt conventional broadcasting. Pendle stands out with a 9.11% acquire, providing a contemporary method to yield tokenization in DeFi.

In the meantime, The Graph grows by 7.80%, driving developments in decentralized indexing. Moreover, Base Dawgz, although not amongst right this moment’s prime gainers, is value investing in, due to its distinctive multichain technique and interesting staking rewards. Let’s be taught why these tokens seize consideration and the way they may form your funding portfolio.

1. Streamr (DATA)

Streamr is on a roll right this moment, surging by 29.73% within the final 24 hours to succeed in $0.046699, making it the very best gainer among the many prime gainers. This surge has sparked curiosity, and there’s far more to Streamr than simply right this moment’s worth motion.

Streamr transforms the info financial system by tokenizing data by means of a P2P infrastructure, making it accessible through its market and knowledge unions. Constructed for DApps, IoT gadgets, and the rising Internet 3.0, Streamr is ready to be a vital protocol on this house.

In contrast to another tasks, it operates on an off-chain community, considerably lowering the chance of scalability and bandwidth points. The Streamr staff well focuses on optimizing community applied sciences quite than constructing a novel blockchain. This flexibility implies that if Ethereum’s capabilities fall brief, they will simply transition to a different blockchain.

Safety is paramount for Streamr. Good contracts guarantee knowledge integrity by overseeing transfers, controlling storage, and managing workloads. The platform encrypts knowledge, permitting house owners to carry the keys and resolve who can entry their data.

📣Keep in mind this@streamr #P2P tech goes to disrupt stay video streaming 💯

“Streaming distribution is dear🫰…Using #Streamr expertise to do the final mile of video supply, we will doubtlessly minimize down the distribution prices to a fraction of the present mannequin”$DATA

— Bonjovo♦️ (@Bonjovo_EU) August 21, 2024

Streamr’s market efficiency right this moment is simply as spectacular as its expertise. With a volume-to-market cap ratio of three.4906, liquidity is excessive, indicating robust buying and selling exercise. The 14-day Relative Power Index (RSI) is at 57.70, suggesting a impartial market sentiment and potential sideways buying and selling. Moreover, the 30-day volatility is low at 11%, reflecting stability in its current worth actions.

Moreover, its worth has elevated by 115%, outshining 65% of the highest 100 crypto belongings. Though it’s buying and selling barely under the 200-day SMA, this long-term efficiency exhibits Streamr’s power available in the market.

2. Livepeer (LPT)

Livepeer shines as right this moment’s second-highest gainer, with its worth surging by 11.55% within the final 24 hours to face at $12.70. This spectacular motion displays the distinctive worth that Livepeer brings to the crypto house. As the primary absolutely decentralized stay video streaming community protocol, Livepeer provides a robust different to conventional broadcasting options.

The platform leverages blockchain expertise to reshape the broadcasting trade. It’s open-source, permitting customers and builders to handle and improve the platform freely. Livepeer’s mission is obvious: to drive the broadcasting trade ahead by enabling high-quality video content material by means of decentralized computing energy. And it’s succeeding.

Moreover, the platform helps pay-as-you-go content material consumption, auto-scaling social video companies, uncensorable stay journalism, and even video-enabled DApps. Safety is one other space the place Livepeer excels. Constructed on the Ethereum blockchain, it makes use of a modified Delegated Proof-of-Stake (DPoS) consensus mechanism. Plus, it advantages from Ethereum’s established DApp ecosystem, which boosts its usability.

Livepeer is without doubt one of the largest, most dependable and inexpensive decentralized networks of compute available on the market, transcribing thousands and thousands of minutes of video each week and now offering AI-ready compute particularly for generative video improvement with Livepeer AI.

Study extra…

— Livepeer (@Livepeer) August 20, 2024

The current worth motion of LPT additional solidifies its place. With a powerful liquidity ratio of 0.3015, it’s well-supported available in the market. The 14-day RSI is at 44.63, indicating the token is presently impartial, which suggests it would commerce sideways within the close to time period. Nonetheless, with a 30-day volatility of simply 15%, Livepeer is exhibiting stability.

Much more spectacular is the way it has carried out over time. It’s buying and selling 105.71% above its 200-day SMA, which is a major indicator of its upward momentum. Over the previous 12 months, LPT’s worth has elevated by 90%, outperforming 59% of the highest 100 crypto belongings.

3. Base Dawgz (DAWGZ)

Base Dawgz is gaining consideration as its presale approaches the $3 million mark. With a Shiba Inu-inspired avatar and a stable basis on the Base blockchain, this meme coin has positioned itself as extra than simply one other pattern. It provides quicker transactions and decrease charges, making it a sensible selection for these navigating the customarily congested crypto house.

GM $DAWGZ and welcome to a brand new week!

We’re so near reaching $3M! Only a small push and we’ll be there 🪂 pic.twitter.com/PS9UGfwhMb

— Base Dawgz (@BaseDawgz) August 19, 2024

One of many standout options of Base Dawgz is its multichain method. Whereas it’s based on the Base community, $DAWGZ may even be out there on Ethereum, Solana, Binance Good Chain (BSC), and Avalanche. This broadens its attraction and ensures liquidity throughout numerous platforms. Moreover, the venture provides staking rewards of as much as 803%, encouraging long-term participation and serving to to stabilize its worth.

With a rising group of over 5,000 followers on X and round 8,000 members on Telegram, Base Dawgz is shortly constructing momentum. The presale remains to be open, offering a possibility to take a position earlier than $DAWGZ makes its market debut. For these within the meme coin house, Base Dawgz presents a venture value contemplating.

Go to Base Dawgz Presale

4. Pendle (PENDLE)

Pendle is right this moment’s third-highest prime gainer, with its worth climbing 9.11% to $3.08. The protocol stands out for its give attention to tokenizing and buying and selling future yield, providing a contemporary method to managing yield-generating belongings.

Pendle’s uniqueness lies in its capacity to separate possession of an asset from its future yield. This function opens up new potentialities for merchants and liquidity suppliers, permitting them to promote future yields for speedy liquidity or speculate on it. These choices supply flexibility and cater to completely different monetary objectives, making Pendle a noteworthy development within the DeFi ecosystem.

Like all the highest gainers in our listing right this moment, safety can also be a crucial side of Pendle’s design. The protocol has undergone thorough audits by respected companies to make sure the integrity of its good contracts and code. In response to previous challenges, Pendle has carried out further safeguards, together with enhanced operational safety and steady monitoring. The open-source nature of its codebase additionally invitations group involvement in strengthening its safety.

 

Pendle’s market efficiency displays its stable basis. The token exhibits excessive liquidity, with a volume-to-market cap ratio of 0.2673, making certain regular buying and selling exercise. The 14-day RSI at 48.46 means that it’s presently impartial, with potential for sideways motion. Regardless of this, Pendle’s 30-day volatility is low at 18%, indicating relative stability.

Taking a look at its long-term efficiency, Pendle is buying and selling 293.85% above its 200-day SMA, pointing to a powerful upward pattern. Moreover, over the previous 12 months, its worth has risen by 427%, indicating its vital progress and standing throughout the DeFi house.

5. The Graph (GRT)

The Graph has made a notable transfer right this moment, rising by 7.80% to succeed in $0.161894. Whereas it’s the least gainer among the many prime tokens, its efficiency nonetheless grabs consideration.

The Graph is a cutting-edge indexing protocol designed for querying knowledge from networks like Ethereum and IPFS. It powers quite a few purposes in DeFi and the Web3 ecosystem. With it, anybody can construct and publish open APIs, known as subgraphs, to retrieve blockchain knowledge utilizing GraphQL.

What makes The Graph stand out? It brings dependable decentralized infrastructure to the forefront. It makes use of its native token, GRT, which is important for indexing and curating companies throughout the community. Indexers, Curators, and Delegators lock up GRT to earn rewards primarily based on their work and stake. Indexers obtain rewards from indexing and question charges, Curators earn from question charges, and Delegators acquire from the earnings of their chosen Indexers. Moreover, the Graph provides strong safety. Indexers can use their very own Ethereum archive nodes or depend on third-party companies like Infura and Alchemy.

Arbitrum Nova 🤝 The Graph@Arbitrum Nova mainnet is now out there in Subgraph Studio 🧡

Arbitrum Nova devs can now construct subgraphs and use them to create quick, performant frontends for Nova dapps ⚡

Begin constructing now ⬇️https://t.co/my4sxycsH7 pic.twitter.com/LhAkDcJGgg

— The Graph (@graphprotocol) August 20, 2024

When it comes to market efficiency, GRT exhibits excessive liquidity with a volume-to-market cap ratio of 0.0543. The 14-day RSI is at 42.34, indicating a impartial market sentiment and potential sideways buying and selling. The 30-day volatility stands at 15%, suggesting reasonable worth swings. Moreover, The Graph is buying and selling 38.13% above the 200-day SMA, highlighting its robust long-term efficiency. Over the previous 12 months, the worth has surged by 75%, outperforming 56% of the highest 100 crypto belongings by market cap. Though it’s the least prime gainer right this moment, GRT’s spectacular efficiency metrics and annual progress nonetheless make it a serious participant within the crypto market.

Learn Extra