Biggest Crypto Gainers Today, February 17 - TRU, DREP, MEMAG, FGHT, CCHG, TARO

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The cryptocurrency market is now valued at 8% more in the last 24 hours. It is due to the majority of cryptocurrencies on the market testing their recent highs, making it difficult to select the best one for investment. We’ve whittled down the list, so here are a couple of today’s greatest gainers that need your immediate attention.

TrueFi (TRU)

TRU, the governing token of the TrueFi decentralized lending protocol, increased 220% in one hour on Thursday due to a speculative frenzy surrounding a Binance stablecoin exchange. Blockchain data shows that Binance, the largest cryptocurrency exchange in the world by volume, created $50 million worth of the TrueUSD (TUSD) stablecoin before the start of the surge. Just after the regulatory assault there on Paxos-issued Binance USD, the incident led to discussion among cryptocurrency traders about TUSD perhaps playing a bigger role in dealing with Binance (BUSD).

TrueUSD and TRU token issuers were split up a long time ago, so speculation about the TRU token seems out of place. According to a statement made at the time by TrustToken Senior Executive Rafael Cosman, the company sold TUSD to Techteryx in 2020. According to the article, Techteryx is an Asian conglomerate with operations in the conventional real estate, entertainment, environmental, and information technology industries.

Last year, as TrueFi began the process of decentralizing the network, TrustToken also broke away from the TrueFi protocol and changed its name to Archblock. A TrueFi representative said, referring to the decentralized autonomous organization, that “Archblock is in the terminal days of shifting all TrueFi IP as well as resources towards the TrueFi Foundation, this same TrueFi DAO’s legal body.”

TRU jumped up to 14.6 cents on Binance from 4.4 cents before subsequently erasing a portion of its gains. At the time of publication, the token was going for about 11 cents. Paxos said earlier this week that it will stop minting BUSD at the state regulator’s request, the New York Division of Financial Services. Paxos received a Wells Notice from the U.S. Securities & Exchange Commission, and it was rumored that a lawsuit against the company for selling unregistered securities was in the works. According to statistics from the cryptocurrency research firm Kaiko, BUSD is the second-largest stablecoin with a quite large $14 billion marketplace value that is rapidly declining and was in charge of 35% of all transaction volume on Binance, right behind Tether’s USDT.

Decentralized Reputation System (DREP)

Online platforms can measure, monetize, and share reputation value thanks to the Decentralized Reputation System (DREP). The decentralized reputation protocol and blockchain infrastructure are the goals of the DREP Foundation. They will provide already-existing Internet platforms with the capacity to release their reputational worth and accomplish the connectivity of reputation data throughout the Internet. DREP’s mission is to provide an infrastructure to accelerate traffic monetization and user growth on internet platforms (social media, online content creators, and online gaming).

The current risk score puts DREP as a reasonably low-risk investment. This score will be most helpful to investors who are concerned primarily with a risk assessment and want to stay away from (or maybe seek out) hazardous assets. DREP [new] is now worth $0.56 after its price dropped by 128.74% over the previous day. While the token’s capitalization increased over the same period, the price shift coincided with lower-than-usual volume. The market value of the cryptocurrency is now $40,493,842.70, and on the last day, $208,916,103.73 worth of it was exchanged. DREP [Newlow’s] risk analysis is based on price volatility, which includes variations in volume as well as market capitalization.

As a result of DREP’s price change compared to trading volume over the most recent day, traders may have confidence in the token’s current manipulability, which results in a low-risk score.

Meta Masters Guild (MEMAG)

Meta Masters Guild isn’t left behind when P2E games gain a lot of traction. MMG concentrates on mobile gaming, in contrast to the majority of other businesses in the sector. Starting with the 3 games it now has in development, it intends to spearhead the digital web3 gaming revolution. The first MMG ecosystem game presently under development is called Meta Kart Racers. As they compete in the Meta Kart Tournament and popularize play-to-earn, gamers can play alone or against other players.

The second product from the guild to include a full-fledged metaverse is Meta Masters World. In the metaverse, players may move around, investigate, and solve problems while advancing as they gather resources. In contrast, Raid NFT is MMG’s third product and is now in the design phase. It will include a fighting game in which players face nasty overloads and computer opponents.

Every game will include a reward system, and all prizes will be paid out in GEMS, the project’s off-chain currency. MEMAG will serve as the network’s utility token and be used to support all transactions. This token just concluded its presale in record time.

Fight Out (FHGT)

Fight Out positions itself as one of the leading players to best apply this revolutionary new approach to exercise as the idea of “Move-to-Earn” gains popularity. The Fight Out app, which was first released as a web3 smartphone application, offers a lot more than simply monitoring steps. Users of Fight Out will get rewards for completing tasks on the site, where they can track their progress toward fitness goals and stay inspired as their awards add up.

The main focus of the Fight Out platform will be comprehensive advice on general fitness requirements, including exercise, diet, and supplements. Also, instructional films on how to approach your fitness goals in the best possible way will be available on the site. Elite athletes who would also host competitions on the site and assist in providing users with tailored guidance have joined the platform.

But Fight Out has more than one gadget in mind. By building actual gyms all around the world, the idea hopes to merge the real and virtual worlds. Customers who have a membership to the app can visit these gyms, work out there, and take part in ongoing challenges. The platform’s software incorporates the idea of a metaverse as well. Each user of the program will have an NFT-based digital avatar. This person’s physical characteristics and advancements will all be reflected in this avatar. Users will also be shown on challenge leaderboards using them.

REPS, the network’s off-chain token, will be used to pay out rewards on the platform. Whereas FGHT, the platform’s main token, will support all on-chain utility, governance, and transactions. By taking part in the presale, wherein FGHT tokens are offered for 0.02245 USDT, users may join the project. The currencies will be launched on CEXs around April 5th, and the price will keep rising until March 31st.

C+Charge (CCHG)

Participate in the live CCHG token presale on the C+Charge website to join the EV charging revolution. The presale had already raised approximately $1.17 million as of stage three, with CCHG tokens selling for 0.016 USDT. Before the price rises to 0.017, the present phase of the presale will remain active for another six days. On March 31, 2023, CCHG coins will begin trading on controlled exchanges when the presale is over. If you want to make the most money from the project, now is the time to invest.

A blockchain-based platform called C+Charge will be accessible on mobile devices. It seeks to address a very significant issue in the EV sector, namely the absence of standardization in EV charging. To make EV charging extremely simple for automobile owners, the initiative intends to do this by offering a single payment method across all charging stations.

But that’s just not the case. Also, users will be able to find the closest station where they can charge their cars, which is quite practical when organizing lengthy journeys. Also, the platform will provide a diagnosis of the automobile to make sure it is running at its best, guaranteeing a safer journey.

Users will use CCHG tokens to make payments at charging points, and in exchange, they will receive carbon credits that may be sold or exchanged for CCHG tokens. One of the pioneering businesses attempting to incorporate carbon credits into the electric vehicle market is C+Charge, which has gained a lot of recognition and support.

RobotEra (TARO)

Taro formerly had a thriving civilization, but a conflict between the locals and a robot army caused it to become a complete wasteland. While civilization was on the verge of extinction, a scientist began a brand-new era for the future of the world with the “robot singularity” experiment, which gave all machines on the planet sensations and emotions similar to those of humans.

The Earth must now rise to its former greatness and let the disastrous tragedy pass into history. Robots, who have taken control of the globe, are needed to restore it to create the video game RobotEra.

RobotEra is a metaverse game with an engaging plot in which players take on the role of robots as well as explore the RobotEra world while owning and constructing assets and contributing to a sustainable economy. Each robot in the gameplay will be an NFT that can be purchased, sold, or traded within the game itself. These NFTs may be personalized and used as robot companions.

Every item in the game is an NFT as well, and each one has a distinct value. Users can explore the metaverse by offering services and charging fellow users for events like sporting events or concerts. Taking into account if a player owns or runs a stadium, There are several options available here.

The TARO token, the network’s native utility token, will be used to pay out rewards on the platform. These tokens can be wagered to generate interest as well as used as in-game money. To buy TARO tokens right now, visit the RobotEra website’s official presale, which is now running. TARO tokens are now priced at 0.020 USDT during phase 1 of the presale; after the project moves into phase 2 of the presale, the price will rise to 0.025 USDT.

Wrapping Up

Today, we discussed some of the day’s top gainers as well as several other tokens that are present in their presale and have a lot of promise. Even if these coins were in the news for the day, you should always conduct your research before investing in a cryptocurrency project.