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In the global market, Bitcoin Bitcoin is currently trading at around $57,500, down about 1.2% and extending its weekly loss to over 10%. The drop is part of a broader downtrend in September, a historically weak month for Bitcoin, with an average decline of 6%. Despite these setbacks, some traders believe that potential interest rate cuts by the US Federal Reserve could help mitigate the usual September slide.
Biggest Gainers in Cryptocurrency Market Today – List of Top Coins
today Biggest Gainers in Cryptocurrencies It’s been making headlines with a remarkable performance despite broader market trends. IDEX surged an impressive 18.19% after its recent mainnet launch, indicating strong interest in its innovative hybrid DEX model. Ooki saw a massive price surge of 14.65%, driven by its integration of AI and permissionless listings, though its long-term outlook remains uncertain.
Meanwhile, Flux saw a 3.72% surge thanks to the launch of FluxAI. In contrast, Alephium saw a modest 0.41% gain in the past 24 hours, but its 930% year-over-year growth highlights its significant scalability potential.
1. IDEX (IDEX)
IDEX is a cutting-edge decentralized exchange that combines a traditional order book with an automated market maker (AMM). This hybrid model provides the speed of a centralized exchange while maintaining the security and liquidity of a DEX. By using an off-chain trading engine with on-chain settlement, IDEX eliminates failed trades and reduces gas fees. Furthermore, this setup enables instant execution, prevents pre-running, and supports advanced strategies such as limit orders and arbitrage.
Exciting developments have emerged with IDEX recently launching its mainnet, unveiling the first Omnichain Perpetuals DEX. This major milestone has created quite a buzz in the market, sending the IDEX price up by 18.19% in the past 24 hours. With a strong volume-to-market-cap ratio of 2.0896, the platform is showing strong liquidity. However, despite this surge, the 14-day RSI is sitting at 34.96, indicating a neutral stance, which could signal sideways trading in the near future.
IDEX Mainnet is now live!
The first Omnichain Perpetuals DEX is now live and ready for business.
Connect, deposit and trade in seconds.https://t.co/IDQBicY8eD pic.twitter.com/SORANpR6Qt
— IDEX 🐐 (@idexio) August 29, 2024
Shifting our focus to the long-term trajectory, IDEX is currently trading 14.94% below its 200-day SMA, suggesting that it still has more to run. Over the past year, the coin has seen a modest price increase of 7%. However, when compared to the broader market, IDEX has outperformed only 32% of the top 100 crypto assets.
The recent launch of the mainnet has injected fresh momentum into its short-term performance. However, the long-term outlook depends on whether IDEX can maintain this momentum and drive continued adoption in the market.
2. Okay (Okay)
Ooki pushes the boundaries of DeFi by integrating permissionless listings (PL) and artificial intelligence (AI) with traditional trading, lending, borrowing, and staking. This innovative approach allows users to interact with a more flexible and powerful platform. Ooki is entirely community-driven, and is governed by a DAO that ensures all developments are aligned with user interests and adapt to the evolving DeFi landscape.
By integrating AI-powered analytics with permissionless listings, Ooki offers traders enhanced insights and greater trading freedom. This integration enhances the DeFi experience by providing deep, actionable insights into market trends and liquidity. As a result, Ooki enables users to make more informed decisions and take advantage of new opportunities in the DeFi space.
While Ooki has seen a staggering 14.65% price surge in the past 24 hours, there is no recent news or development that clearly explains the surge. High liquidity, reflected in the volume-to-market-cap ratio of 2.3223, indicates strong market activity. However, the 14-day RSI of 57.45 suggests that the cryptocurrency is neutral and could trade sideways in the near term.
Did you know…❓
Ooki’s Dex Selector allows traders to choose from different DEX exchanges like SushiSwap and Uniswap to get the best trading prices. pic.twitter.com/GFwVXg3e3L
— Ok 🙂🌐 (@OokiTrade) August 28, 2024
In the long term, Ooki faces challenges. It is currently trading 40.99% below its 200-day simple moving average (SMA) and has seen a 24% price decline over the past year. Additionally, it has only outperformed 6% of the top 100 crypto assets during this period. Despite the recent surge, Ooki’s long-term outlook remains uncertain. Its ability to maintain momentum and achieve wider market adoption remains in question.
3. Meme Games (MGMES)
With just over six days left until this pre-sale ends, Meme Games Dogecoin is set to become a major player in the crypto space, potentially generating huge returns. It brings Olympic-style competition to the meme world, where users’ favorite internet memes go head-to-head for crypto glory. Coins like Dogecoin, Pepe, dogwifhat, Brett, and Turbo are all part of the race.
Investors who purchase $MGMES tokens can choose one of these five characters to compete in. The winning character is randomly selected through blockchain technology, adding an element of luck and excitement. If your chosen character wins, you will receive a 25% bonus on your initial purchase.
The project has received significant interest from investors, having raised nearly $407,000 at the time of writing. Early buyers can purchase $MGMES tokens for $0.0094 using $ETH, $USDT, $BNB, or a credit card, and the price is set to rise in less than 72 hours.
The Meme Games pre-sale will end on September 8, coinciding with the end of the Paralympics. The coin will be listed on decentralized exchanges on September 10, and many investors are expecting to make big gains upon its listing.
Only 6 days left until the Meme Games kick off! #presale Ends. 🔥
Join now, choose the winning meme champion, and get a 25% bonus if they win. 🥇
1️⃣ Pre-sale ends September 8th at 10am UTC
2️⃣ The claim and token will be launched on September 10th at 10 AM UTCDon’t miss out… pic.twitter.com/MPUw4DrpuR
— The Meme Games (@MemeGames2024) September 2, 2024
Importantly, the Meme Games smart contract has been audited by Coinsult and SolidProof, and no major issues have been identified. It’s no surprise that the project already has a strong community with 15,600 followers on X and around 2.6k subscribers on Telegram.
To join $MGMES To pre-sell the token, simply click the link below.
4. Flow (FLUX)
Flux is a cryptocurrency that powers the decentralized infrastructure of Web3 without interruption. It is designed for everything from transactions on FluxOS to pioneering Proof-of-Work (PoUW) consensus. This consensus model aims to harness computing power to solve real-world problems, moving beyond the traditional scope of blockchain technology.
Interestingly, Flux has just launched FluxAI, a game-changing AI application that is set to take the tech world by storm. Thanks to its decentralized GPU network, FluxAI is fast, affordable, and 100% private. It doesn’t use your data to train models, making it a great fit for businesses that handle sensitive information.
Following the launch of FluxAI, the price of FLUX saw a significant increase of 3.72%, reaching $0.519404. The gainer shows strong liquidity, with a volume-to-market-cap ratio of 0.0493, and a 14-day RSI of 59.63, indicating neutral momentum. Although the price may trade sideways in the near term, the low volatility of just 10% over the past 30 days indicates a stable market environment. Interestingly, despite this stability, only 40% of the past 30 days have been positive, indicating a cautious but optimistic market sentiment.
🔥 Excited to reveal it #Flux AI Beta!
Our pioneering project #artificial intelligence Provides human-like interactions to answer questions, complete tasks, and code at lightning speed — plus premium privacy and a free plan to get started! 💡
Start: https://t.co/maS7ZkoX2d
Learn more about… pic.twitter.com/D30FkMoYtb— Flux-Web3 Cloud (@RunOnFlux) August 27, 2024
Looking at the bigger picture, FLUX is performing impressively above its 200-day SMA, currently trading 16.96% higher. Over the past year, it has seen a remarkable 70% price increase, outperforming 59% of the top 100 crypto assets. FLUX is sure to continue to thrive thanks to ongoing innovation like FluxAI and a focus on real-world utility.
5. ALPH
Alephium is the first layer-1 sharded blockchain that extends and enhances Bitcoin’s core technologies, including Proof of Work and the UTXO model. This innovative blockchain provides a highly efficient and secure platform for DeFi and dApps, all while dramatically improving energy efficiency.
Built on the BlockFlow algorithm, Alephium supports up to 400 transactions per second using just 16 chips. Furthermore, it has the ability to scale to 10,000 TPS using 1,024 chips, making it truly unique among its peers.
Currently, Alephium is trading at $2.07, reflecting a modest 0.41% increase over the past 24 hours. Although the cryptocurrency shows moderate liquidity, as evidenced by its volume-to-market cap ratio of 0.0128, market sentiment remains neutral. With the 14-day RSI at 64.90, ALPH could see sideways trading in the near term.
🔥 Original $1000 It is now integrated into @zelcore_io!
Thanks to the Zelcore team, that was fast 🏃♂️ https://t.co/TS1U7eY8RG
— Alephium (@alephium) August 29, 2024
However, it is worth noting that despite the low volatility of only 10% over the past 30 days, Alephium has managed to achieve 15 green days. This indicates positive price action for the past half month.
When looking at the broader timeline, Alephium shows impressive results. It is currently trading at a staggering 631.23% above its 200-day simple moving average at $0.283267. What’s even more astonishing is that the price has surged by 930% over the past year, significantly outperforming 97% of the top 100 crypto assets. This remarkable growth demonstrates ALPH’s strong position in the market, which is due to its unique technological advancements and exceptional scalability potential. As this The biggest winner The company continues to innovate, and its long-term prospects appear exceptionally bright.
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