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Staying updated on the top crypto gainers in the market can open doors to exciting investment opportunities. Today, on Oct 10, Zcash, UNUS SED LEO, Curve DAO Token, and MANTRA DAO are in the spotlight. They showcase impressive price movements and unique growth potential. These aren’t just random spikes; each coin has its story and factors driving its recent success.
Let’s take a closer look at what makes these cryptocurrencies stand out and why they might be worth your attention right now.
Biggest Crypto Gainers Today – Top List
Among today’s gainers, Zcash leads the charge with a remarkable 4.94% price surge, driven by a recent significant update from the Electric Coin Company. Following closely, UNUS SED LEO has climbed 1.68% thanks to new trading features from Bitfinex.
Curve DAO Token has also seen a 2.42% increase fueled by fresh incentives on Arbitrum. Meanwhile, MANTRA DAO, which emphasizes regulatory compliance and security in its DeFi offerings, has gained 1.18%. Now, let’s delve deeper into the unique factors influencing the performance of each of these tokens.
1. Zcash (ZEC)
First on today’s list of top gainers is Zcash, which has surged 4.94% in just the last 24 hours. Not only does it have impressive growth, but its high liquidity ratio of 0.1707 shows strong market activity, making it an attractive pick for investors.
This price surge isn’t random. Recently, the Electric Coin Company rolled out a significant update, zcashd 6.0.0, on Oct 7, 2024. This upgrade will take effect during Zcash’s halving event on Nov 23, 2024, introducing a new development fund and lockbox for decentralized grants. These updates are designed to drive future innovation, which ties directly to Zcash’s recent price momentum.
In the short term, Zcash looks stable. It’s currently trading at $30.34 with a 14-day RSI of 61.65, suggesting neutral movement ahead. Out of the last 30 days, 14 have been green, and with a volatility rate of just 5%, it’s been performing with impressive consistency.
zcashd 6.0.0 has been released, which will deploy Network Upgrade 6 (NU6) at an activation height of 2726400, around 11/23/24.
Summary 🧵of the included ZIPS: https://t.co/IPrXLHisEH
— Zcash 🛡️ (@zcash) October 8, 2024
What makes Zcash unique is its focus on privacy. Using zk-SNARKs technology, ZEC enables fully anonymous transactions on a public blockchain, setting it apart from other cryptocurrencies like Bitcoin. This optional privacy feature continues to attract users who value anonymity.
Looking ahead, Zcash is still showing strength. It’s trading 3.53% above the 200-day SMA and has seen an 18% increase over the past year. While it outperformed 32% of the top 100 crypto assets, the upcoming upgrade could further solidify Zcash’s position as a leader in the privacy coin market.
2. UNUS SED LEO (LEO)
Second on today’s list of top crypto gainers is UNUS SED LEO (LEO), climbing 1.68% in the past 24 hours. Despite this rise, liquidity remains a concern, with a volume-to-market cap ratio of 0.0016. Yet, this hasn’t dampened interest in LEO.
In fact, Bitfinex’s latest update adds some excitement. Their new mobile widget gives users quicker access to critical features, likely supporting LEO’s recent performance. With easier access to trading, LEO’s price movement is directly tied to user engagement on the platform.
Taking a closer look at the short-term trend, LEO reveals a stable performance. The token is currently priced at $6.09. With a 14-day RSI of 41.04, it sits in neutral territory, suggesting it might trade sideways for now. Notably, 67% of last month’s trading days were green, and with a mere 2% volatility, LEO shows reliable consistency.
Morning 📲
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— Bitfinex (@bitfinex) October 10, 2024
Transitioning to long-term performance, LEO continues to shine. Thanks to Bitfinex’s regular token burns—using 27% of its revenues to buy back and burn tokens—LEO’s supply shrinks steadily. This scarcity ensures sustained value, creating an upward price trajectory over time.
Now, LEO is trading 58.23% above its 200-day SMA, underscoring its bullish trend. Over the past year, LEO surged by 63%, outpacing 51% of the top 100 crypto assets. This steady growth and its direct link to Bitfinex’s profits make LEO a solid choice for investors eyeing long-term potential and real-world utility.
3. Crypto All-Stars (STARS)
Crypto All-Stars is a meme coin project that has gained significant traction, raising over $2 million in its presale. The presale, which saw a rapid increase from $1.6 million to $2 million in just a week, is fueled by enthusiasm for its unique staking platform, MemeVault.
This innovative platform allows users to stake multiple meme coins together. It provides substantial passive income opportunities without the complexity of navigating various staking protocols.
Currently priced at $0.0014828 during the presale, investors have a limited window to purchase at this rate before the price increases. The token’s design encourages long-term holding, offering higher staking rewards, particularly for those holding $STARS.
Nearly a billion $STARS tokens are already staked, yielding impressive annual percentage yields (APY) of 687%. Furthermore, the project has initiated a “Last Meme Standing” competition, promising up to 5,000% staking rewards, further enhancing its appeal to potential investors.
As a micro-cap project, Crypto All-Stars is set to carve a niche in the meme coin sector, which has recently seen a surge in market capitalization. With prices set to rise in under three days, investors should act swiftly to seize this opportunity with Crypto All-Stars.
Visit Crypto All-Stars Presale
4. Curve DAO Token (CRV)
Curve DAO Token ranks as the third top crypto gainer today, with a price surge of 2.42% in the past 24 hours. It shows strong liquidity, with a volume-to-market cap ratio of 0.5695, showing high trading activity and accessibility.
Interestingly, in the latest news, Curve Finance is driving momentum with its new incentives on Arbitrum. CRV rewards have surged by 50%, and a new round of incentives has kicked off, allowing users to maximize their CRV returns. These developments are likely supporting the recent price gains.
For its short-term performance, CRV is currently trading at $0.2598. The 14-day RSI of 56.19 shows the token is neutral, indicating potential sideways movement. CRV experienced 37% green days over the last 30 days, while volatility remains low at 7%, pointing to price stability.
🆕 $asdCRV @CurveFinance pool on @arbitrum:
• CRV Rewards surge 50% tonight
• New incentives round kicks off
• @0xconcentrator autocompounds $veCRV yieldMaximize your $CRV returns on Arbitrum pic.twitter.com/esNj1xDkzq
— Stake DAO (@StakeDAOHQ) October 9, 2024
Curve’s uniqueness lies in its focus on stablecoin trading through an automated market maker (AMM) model. It is even more appealing that CRV, the governance token, rewards users for providing liquidity and long-term participation. In a DeFi space filled with risks, Curve allows users to profit from stablecoins with lower exposure to volatility.
However, CRV’s long-term performance tells a more challenging story. It is trading 57.53% below its 200-day simple moving average of $0.6136. Furthermore, the price has dipped by 39% over the past year, reflecting broader market struggles.
Despite these challenges, CRV’s role in DeFi and its strong liquidity make it a notable token for investors watching today’s market.
5. MANTRA DAO (OM)
Closing the list of top crypto gainers today is MANTRA DAO, with a steady price increase of 1.18% in the last 24 hours. Its liquidity remains strong, backed by a market cap-to-volume ratio of 0.0886, showing that OM has enough trading activity to attract investors.
With the current price at $1.3588, OM is holding steady in the market. Interestingly, its 14-day RSI sits at 30.75, highlighting a neutral trend. This suggests that OM might continue to trade sideways in the short term. Over the past 30 days, positive movement has been seen on 16 occasions, translating to 53% of the time. Plus, with a volatility rate of just 9%, the token shows signs of stability despite the market’s usual ups and downs.
What truly sets MANTRA DAO apart is its focus on regulatory compliance and security. As a deFi platform built using Cosmos SDK, OM provides developers and institutions with a Layer 1 blockchain that adheres to real-world regulatory standards. With the ability to scale up to 10,000 transactions per second, MANTRA offers an efficient platform for tokenizing and trading real-world assets.
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— MANTRA ✈️ Permissionless III #OMtober (@MANTRA_Chain) October 7, 2024
When it comes to long-term performance, OM is turning heads. It is trading an astonishing 5,558.37% above its 200-day simple moving average, a significant indicator of its strong market presence. Over the past year, OM has surged by an incredible 7,453%, proving its lasting power in the crypto market.
As MANTRA balances DeFi innovation with compliance, it promises stability and growth for investors.
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