Top Crypto Gainers Today Aug 06 – Pendle, Turbo, Arkham, Ronin

August has brought a whirlwind to the crypto market, with Bitcoin plunging over 13% to $50,000 amid economic jitters. Yet, amidst this chaos, there’s a silver lining. Key indicators are signalling hope: Bitcoin’s 180-day call-put skew remains bullish, suggesting a strong long-term outlook. Meanwhile, U.S. exchanges like Coinbase and Kraken show positive dip-buying, reflecting trader confidence despite recent losses. As we navigate these turbulent waters, today’s top gainers are making waves with impressive surges.

Biggest Crypto Gainers Today – Top List

Even with the market’s rough patches, today’s top gainers are making significant strides. Pendle stands out with an impressive 34.76% price surge, driven by its innovative DeFi protocol that allows users to trade future yields. Turbo, born from a unique AI-driven development, has skyrocketed by 30.26% in just 24 hours, showcasing its meme coin potential and community-driven success. 

Arkham has seen a strong 28.88% rise, buoyed by its AI-powered blockchain analytics platform. Lastly, Ronin has achieved an 11.12% gain thanks to its optimized performance in Web3 gaming. Each of these tokens highlights a distinct aspect of crypto innovation and growth, reflecting their individual strengths and market appeal.

1. Pendle (PENDLE)

Pendle is an innovative DeFi protocol that enables users to tokenize and trade future yields. It separates the ownership of an asset from its future yield, creating new financial instruments for trading. Its unique automated market maker (AMM) supports assets with time decay, which is crucial for valuing fluctuating future yields. Consequently, users can sell future yields for immediate liquidity or speculate on various DeFi assets. This flexibility opens new strategies for optimizing yield and managing risk.

For security, Pendle employs a robust framework. Initially, it undergoes thorough audits by reputable entities to ensure high standards. In response to past challenges, Pendle has strengthened its defences with enhanced code reviews and continuous monitoring. Additionally, its open-source approach on platforms like GitHub encourages community participation and transparency. This commitment to security, combined with its innovative features, aims to provide a safe environment for users to maximize their returns.

There are 2 sides to the pendulum.

First, volatility. Always swinging back and forth, back and forth, everchanging, never the same.

But then, there’s also the other side of the pendulum. Its movements always precise, predictable, orderly.

The constant one seeks, one needs, in… pic.twitter.com/MykIdoYDmP

— Pendle (@pendle_fi) August 5, 2024

In the last 24 hours, PENDLE has surged impressively, with its price jumping 34.76% to $2.64. This gain is notably higher compared to other recent top gainers. Its high liquidity ratio of 1.1125 shows its robust trading activity. Additionally, the RSI stands at 48.46, indicating a neutral market stance, which aligns with other tokens experiencing similar conditions. 

However, PENDLE truly stands out with a 30-day volatility of just 15% and is trading a remarkable 240.20% above its 200-day SMA. It has achieved a phenomenal 259% increase over the past year, beating 85% of the top 100 crypto assets and demonstrating its remarkable growth.

2. Turbo (TURBO)

Turbo Token is an avant-garde meme coin conceived from the creative brilliance of GPT-4. Unlike other cryptocurrencies, Turbo was developed with a budget of just $69. This unique creation process was guided by GPT-4, an advanced AI language model. The founder pledged to follow the AI’s instructions and document the journey, showcasing the potential of AI in crypto projects. Notably, Turbo Token has a total supply of 69 billion tokens, with no transaction taxes and a renounced contract ownership.

Built on Ethereum, Turbo Token uses the ERC-20 standard for secure, transparent transactions. Additionally, its roadmap is entirely community-driven, reflecting the dynamic and ever-evolving nature of digital art and culture. This flexibility allows Turbo to embrace new trends and opportunities quickly. Furthermore, the inclusive approach ensures that Turbo represents the genuine interests of its community, fostering deep engagement. The collective creativity of its members drives innovation, leading to significant achievements like market cap growth, exchange listings, and new initiatives.

🚀 The DAO of $TURBO 🚀

We are a decentralized autonomous organization of artists, marketers, executives, developers, intellects, lawyers, educators, engineers, and community leaders working together to ensure TURBO’s sustainability. 🌍#TurboToken #TurboRevolution pic.twitter.com/BKd1HKPs0N

— Turbo 🐸 (@TurboToadToken) August 5, 2024

TURBO has demonstrated impressive performance recently, with its price surging 30.26% in just the last 24 hours. Also, over the past year, it has risen by an astounding 3,164% and has outpaced 94% of the top 100 crypto assets. Furthermore, TURBO boasts high liquidity with a ratio of 1.2892 and is trading an eye-popping 2,374.82% above its 200-day SMA. Its RSI of 51.54 indicates a neutral market stance, similar to PENDLE, suggesting potential for sideways trading. Despite a 30-day volatility of 21%, which exceeds PENDLE’s, TURBO’s performance is marked by 33% positive trading days last month.

3. Mega Dice (DICE)

Mega Dice is transforming the crypto casino world with its $DICE token, offering an unmatched gaming experience on Solana. With over 50,000 players and a staggering $50 million in monthly wagers, Mega Dice stands out as a premier choice for casino enthusiasts. The platform not only offers access to more than 4,000 games and 50+ sports and eSports options but also features a comprehensive presale event for its $DICE token. This presale is a golden opportunity to buy $DICE at $0.105266 before the price increases, with $1,683,334.5 already raised.

Haven’t bought $DICE yet? Follow the link below to buy in a few easy steps – not convinced, view our reasons below ⤵️

BUY $DICE HERE: https://t.co/E5WFsXQhfQ

Current Price: 1 $DICE = $0.100254 🚀

Here’s why $DICE is set to become the leading GameFi token, outpacing all… pic.twitter.com/Y3KZDxmkHH

— Mega Dice Casino (@megadice) July 31, 2024

As a leading name in the crypto casino space, Mega Dice leverages its strong position to offer exceptional rewards through its $DICE token. By staking $DICE, holders earn daily rewards based on the casino’s performance, highlighting Mega Dice’s growth and community commitment. Moreover, early presale participants receive bonus tokens, boosting their investment. Additionally, exclusive limited-edition NFTs offer special privileges or trading options, adding extra excitement.

Looking ahead, Mega Dice has a clear roadmap to strengthen its GameFi dominance. Key milestones include a fair presale, strategic marketing, and ample liquidity provisioning. Notably, early buyers can stake their tokens for high rewards before the DEX launch. This roadmap keeps Mega Dice at the forefront of the crypto casino industry by blending innovation with strong community engagement. For more details, the whitepaper offers comprehensive insights into $DICE and Mega Dice Casino’s plans.

Visit Mega Dice Presale

4. Arkham (ARKM)

Arkham is a blockchain analysis platform that leverages AI to deanonymize blockchain and on-chain data. It comprises two main components: the Analytics Platform and the Intel Exchange. Firstly, the Analytics Platform offers insights into various entities, exchanges, funds, whales, and tokens. Users can explore portfolio holdings, transaction histories, exchange flows, and network relationships.

On the other hand, the Intel Exchange enables users to buy and sell address labels and intelligence through bounties, auctions, or the DATA Program. By employing its in-house AI engine, ULTRA, Arkham gathers data from public records, social media, web scraping, and user submissions. This process helps label addresses and deliver detailed entity analytics.

Furthermore, Arkham’s platform fulfils multiple functions, including tracking stolen funds, identifying fraudsters, and verifying counterparties. It also audits transactions and investigates hacks. It aims to combat crypto crimes and scams by promoting on-chain research. Additionally, Arkham benefits from being secured as an ERC-20 token on the Ethereum blockchain, utilizing the PoS consensus mechanism.

You guys sold all your coins

… But

BlackRock
MicroStrategy
Grayscale
Fidelity

didn’t. pic.twitter.com/R2NY3rDPcQ

— Arkham (@ArkhamIntel) August 5, 2024

ARKM has demonstrated strong recent performance, rising 28.88% to $1.044768. While it does lag behind TURBO’s recent surge, ARKM’s 135% increase over the past year is still noteworthy. Moreover, its liquidity ratio of 1.1625 is solid, though not as high as TURBO’s impressive ratio.

The RSI at 59.20 indicates a neutral stance, suggesting stability similar to PENDLE. Furthermore, with a low volatility of 13% and trading 135% above its 200-day SMA, ARKM presents itself as a stable option. Over the past year, ARKM has bested 79% of the top 100 assets, indicating its resilience and growth in the market.

5. Ronin (RON)

Ronin is a game-focused EVM blockchain developed by Sky Mavis, the creators of the highly successful Axie Infinity. Launched to handle massive user traffic, Ronin is designed for near-instant transactions and minimal fees, making it ideal for Web3 games. It has processed over $4B in NFT volumes and stands as the only blockchain proven to scale a single game to millions of daily active users. Ronin’s DEX, Katana, is the second-most popular decentralized exchange by weekly active users, facilitating token swaps within the Axie Infinity ecosystem.

What sets Ronin apart is its battle-tested scalability and gaming optimization. Unlike other chains, Ronin is second only to Ethereum in NFT sales volume, showcasing its robust capabilities. It is hyper-optimized for gaming, avoiding the bloat seen in other blockchains and ensuring high uptime with minimal spam. Additionally, Ronin is environmentally friendly, with one transaction using less energy than 695 million Bitcoin transactions.

In @LumiterraGame energy is a critical resource. You need to consume energy to gain experience and obtain corresponding resource items through combat, gathering, and Farming.

Learn about how to craft and collect energy in the guide below 👇

🔗: https://t.co/tCeaGMuzyv pic.twitter.com/HIqlIEpcII

— Ronin (@Ronin_Network) August 6, 2024

RON has climbed 11.12% recently, reaching $1.475887. However, this gain is the lowest among the top gainers. Its liquidity, with a volume-to-market-cap ratio of 0.0931, falls short compared to the more impressive figures of PENDLE and TURBO. Additionally, the RSI of 71.32 indicates that RON might be overbought, unlike the neutral RSI readings of PENDLE and ARKM. 

Despite this, RON maintains a low volatility of 12% and trades 90.86% above its 200-day SMA, which suggests relative stability. Also, its 116% rise over the past year has propelled it ahead of 75% of the top 100 assets, showcasing its impressive performance in the market.

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