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Top Crypto Gainers Today Aug 18 – Klaytn, THORChain, UMA, SuperVerse

Top Crypto Gainers Today Aug 18 – Klaytn, THORChain, UMA, SuperVerse

Insidebitcoin2024/08/19 16:16
By:Insidebitcoin

The recent turbulence in Bitcoin’s price has created a wave of uncertainty and opportunity in the market. Bitcoin recently oscillated between the high forties and nearly $60,000, causing both anxiety and hope among investors. Insights from Rob Nelson and John Divine reveal that deeper factors, including political dynamics, influence these fluctuations. This has intensified the political debate surrounding cryptocurrency, further complicating the market landscape. As political divides continue to shape Bitcoin’s trajectory, the market remains highly reactive and complex. 

Biggest Crypto Gainers Today – Top List

Amidst all these, today’s crypto market highlights are compelling. Klaytn surged by 14.26%, thanks to its transformative merger into the Kaia mainnet, which significantly boosts its potential. Similarly, THORChain saw an 8.90% increase, driven by the promising news of a potential integration with OKX, enhancing its market presence. UMA rose by 6.74% following the launch of its Optimistic Oracle on Blast, which improves data validation and reflects its strong performance. Finally, SuperVerse climbed 4.68%, with its impressive 552% growth over the past year demonstrating sustained investor interest. Each of these top gainers is actively shaping the market, offering exciting opportunities for investors.

1. Klaytn (KLAY)

Klaytn, a top global Layer 1 blockchain, is known for its low transaction latency, reliability, and developer-friendly environment. It has significantly advanced blockchain adoption in sectors like DeFi, entertainment, gaming, and the Bank of Korea’s CBDC pilot project. At its heart is KLAY, its native digital asset, which powers and secures the network.

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The recent merger with Finschia to create the Kaia mainnet marks a transformative moment for Klaytn. This strategic fusion combines the strengths of both blockchains into a unified platform, setting the stage for significant advancements. Also, the Kaia DLT Foundation’s incorporation into the Abu Dhabi Global Market (ADGM) is a crucial step, placing Kaia at the heart of a vibrant global tech and finance hub. This move is poised to bolster Kaia’s reach, attracting global investors and developers.

The merger not only integrates Klaytn’s advanced features but also amplifies its market potential. As of today, KLAY is trading at $0.149983, reflecting a notable 14.26% increase over the past 24 hours. Its liquidity is strong, with a high volume-to-market cap ratio of 0.1678, indicating healthy trading activity.

Currently, the 14-day Relative Strength Index (RSI) is at 49.69, suggesting that KLAY is in a neutral state and may trade sideways in the near term. Despite a 30-day volatility rate of just 8%, KLAY is trading slightly below its 200-day Simple Moving Average (SMA) by 12.68 %. Nevertheless, it has shown a price increase of 5% over the past year.

2. THORChain (RUNE)

THORChain is a decentralized liquidity protocol that enables seamless crypto exchanges across networks like Bitcoin and Ethereum, all while keeping full custody of assets. Users can swap assets without relying on order books, thanks to the automated market maker (AMM) model. 

The native token, RUNE, is central to governance and security, with nodes needing at least 300k RUNE for consensus. Built on the Cosmos SDK and powered by Tendermint, THORChain’s security is top-notch, involving multiple validators for transaction finalization. Moreover, its smart contracts have been audited by Certik, which found no vulnerabilities.

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Recent developments have sparked excitement around THORChain. In effect, RUNE’s price surged by 8.90% in the last 24 hours, reaching $4.07. This boost follows news of a potential future integration with OKX, a major centralized exchange. Investors are optimistic, especially with THORChain’s impressive swap volumes hitting $20 million in just one week. This demonstrates its reliability and aligns with OKX’s support for Bitcoin features like ordinals and BRC-20 tokens. Additionally, Swell plans to use the new staking platform THORChain for native BTC swaps, further highlighting its growing utility.

RUNE is currently trading between $3.5-$3.8, which may present opportunities for gains if the market continues its upward momentum. Additionally, the token is trading 38.77% above its 200-day SMA of $2.93, reflecting its strong performance over the past year with a 157% increase. Although the 14-day RSI of 49.05 indicates a neutral stance and potential sideways movement, RUNE has outpaced 80% of the top 100 crypto assets.

3. Base Dawgz (DAWGZ)

Base Dawgz is a dynamic meme coin inspired by the thrill of base jumping and the iconic Shiba Inu meme. The project is designed for those who crave adventure and innovation, offering a unique multi-chain experience. It primarily operates on the Base Chain but extends its reach to Ethereum, Solana, BSC, and Avalanche, making it an interoperable asset in the decentralized world.

With its ongoing presale, $DAWGZ is currently priced at $0.007784 per token, having already raised over $2,948,359. The presale phase also boasts an impressive 830% APY for staking, with 36.3% of the tokens already staked by early adopters.

The tokenomics of $DAWGZ are well-balanced to support its growth and sustainability. The total allocation includes 20% for the presale, 20% for staking, and 20% for liquidity, ensuring robust support for trading and rewards. Additionally, 15% is dedicated to marketing and another 15% to $Dawgz rewards, with the remaining 10% allocated for listings.

This strategic distribution is backed by a carefully planned roadmap featuring milestones like contract audits, community growth, DEX listings, and future development. Base Dawgz is not just pushing boundaries; it’s breaking them, offering a high-octane journey through the decentralized space.

Visit Base Dawgz Presale

4. UMA (UMA)

UMA’s Optimistic Oracle has recently gone live on Blast, marking a significant milestone for both platforms. This integration enables robust data validation, a key feature that could drive the adoption and utility of UMA and Blast. By leveraging UMA’s oracle, Blast enhances its data validation process, potentially making both platforms more attractive to developers and users within the Web3 ecosystem.

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At the core of this development is UMA’s Optimistic Oracle, which operates on a “true unless disputed” mechanism. Unlike traditional oracles that provide immediate data finality, UMA’s Oracle allows for human input, resolving disputes through tokenholder voting. This design adds a layer of intelligence and flexibility, making it a significant asset for Web3 projects that require more nuanced data validation. Furthermore, UMA’s focus on security is reinforced by thorough audits from OpenZeppelin.

The recent integration could positively impact UMA’s token price, which has already seen a 6.74% surge in the last 24 hours, bringing it to $2.17. Its strong liquidity, evidenced by a market cap-to-volume ratio of 0.2637, suggests it is well-positioned for potential growth. Although the 14-day RSI of 58.11 indicates that the token is currently neutral and may trade sideways, UMA’s 26.02% increase above its 200-day SMA highlights its strong performance. Additionally, the 53% price growth over the past year underscores the token’s bullish trend. These metrics reflect investor confidence and could drive further interest in the token.

5. SuperVerse (SUPER)

SuperVerse is a multifaceted ecosystem designed for the gaming industry. It leverages its native blockchain to facilitate fast and cost-efficient transactions. Also, the SUPER token, an ERC20 asset, plays a pivotal role. It enables decentralized governance through a DAO structure, allowing token holders to influence crucial aspects such as on-chain product fees.

Additionally, SuperVerse supports the issuance and trading of NFTs, providing unique digital assets within the gaming world. Furthermore, staking SUPER tokens offers numerous benefits. Users can earn rewards, gain exclusive event access, and receive custom gaming incentives.

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At the time of print, SuperVerse has seen a notable price increase, with the current price standing at $0.5463—a rise of 4.68% in the last 24 hours. This uptick reflects positive market sentiment and growing interest in the platform. The token demonstrates strong liquidity, with a 0.2060 volume-to-market cap ratio, indicating a healthy trading environment.

In terms of technical indicators, the 14-day RSI is 69.92, suggesting the token is close to overbought but still neutral. Notably, it is trading 208.29% above its 200-day Simple Moving Average (SMA) of $0.177, highlighting a significant bullish trend. The 30-day volatility is moderate at 16%, pointing to relatively stable price movements.

Over the past 30 days, this top gainer experienced nine green days, or 30% of the time, reflecting a mixed but positive trading activity. The token has demonstrated impressive growth over the past year, with a 552% increase in price, outperforming 93% of the top 100 crypto assets by market cap.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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