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Top Crypto Gainers Today Oct 21 – Fantom, Optimism, THORChain

Top Crypto Gainers Today Oct 21 – Fantom, Optimism, THORChain

InsidebitcoinInsidebitcoin2024/10/21 16:06
By:Insidebitcoin

Investing in cryptocurrencies is thrilling, especially with top gainers offering substantial returns. Today, the spotlight shines on Fantom, Optimism, Ethereum Name Service, and THORChain as they surge to the forefront of the market. Each is reshaping the crypto scene with impressive price surges. 

For instance, Fantom boasts rapid transactions and low fees. Meanwhile, Optimism enhances scalability through optimistic rollups. Additionally, Ethereum Name Service integrates brands for secure on-chain identities. Lastly, THORChain enables seamless asset swaps. These tokens are gaining momentum and paving the way for profitable opportunities in the crypto market! 

Biggest Crypto Gainers Today – Top List

Today, Bitcoin approached $70,000, trading at $69,005 amid strong inflows into Bitcoin exchange-traded funds (ETFs). This surge of nearly $2.4 billion in net inflows in six days shows optimism for favorable US crypto regulations after the November 5 election. Meanwhile, smaller tokens like Ether and Solana traded within narrow ranges, highlighting a cautious sentiment. Against this backdrop, let’s analyze today’s top gainers.

1. Fantom (FTM)

Fantom tops our list of today’s crypto gainers, surging by 7.36% in just 24 hours. Known for its lightning-fast transactions and incredibly low fees, it continues to dominate the DeFi space. Moreover, with its innovative directed acyclic graph (DAG) technology, Fantom ensures scalability while maintaining both security and decentralization—key features that give it a distinct edge.

What’s more, exciting news has been driving even more attention to this platform. Notably, #Sonic is reviving some of Fantom’s original projects, and @Yel_Finance is making waves with its unique yield-generation techniques. By leveraging market volatility, Yel Finance maximizes opportunities, offering users a smart way to earn in this evolving space. This partnership is yet another reason investors are keeping a close watch on Fantom.

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But that’s not all. Fantom’s standout feature is its unique Lachesis protocol. This protocol allows near-instant finality for thousands of transactions per second, cementing Fantom’s reputation for efficiency. Coupled with its Opera development layer, Fantom hosts DApps with ease, providing a seamless experience for developers and users alike.

Furthermore, Fantom’s performance metrics are nothing short of impressive. It has high liquidity with a 0.2418 market cap-to-volume ratio and is trading a remarkable 83.79% above its 200-day simple moving average. Even more compelling, the price has surged by 287% over the past year, outperforming 80% of the top 100 crypto assets.

In addition, Fantom has seen 53% of its last 30 days marked by green candles, signaling steady growth. Though its 14-day RSI of 61.03 suggests potential sideways movement in the short term, its long-term prospects remain bright.

2. Optimism (OP)

Moving on to our next top crypto gainer, we have Optimism, which surged by 7.30% in the last 24 hours. It is a layer-two solution for Ethereum, built to enhance scalability without compromising security. By using optimistic rollups, it enables faster and more secure transactions, all while leveraging Ethereum’s robust infrastructure.

What’s even more exciting is the latest news: World Chain has just gone live on the Superchain. This new OP Chain is designed for humans, and it will support ERC20s that are Superchain Interop compatible. As a result, assets and data will now move seamlessly between OP Chains. This solves fragmentation and unlocks new network effects, further boosting Ethereum’s scalability.

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Furthermore, Optimism prioritizes simplicity by using proven Ethereum code, reducing complexity and boosting efficiency. Its focus on sustainability avoids shortcuts, ensuring a secure, reliable experience. Transactions are accepted or rejected instantly, providing a smooth user experience.

In terms of liquidity, OP boasts a high volume-to-market cap ratio of 0.1257, reflecting its strong liquidity position. Notably, the price is 12.80% above the 200-day simple moving average, signaling continuous growth. With a 14-day RSI of 56.88, the token is currently neutral but poised for steady gains.

Over the past year, Optimism’s price has increased by 42%, surpassing 34% of the top 100 crypto assets. With its cutting-edge technology, recent developments, and solid market performance, Optimism stands out as a key player in the crypto space.

3. Memebet Casino (MEMEBET)

Memebet Casino aims to transform the online crypto and Telegram casino scene, specifically targeting the elite meme degen community. With a total token supply of 2 billion $MEMEBET tokens, the platform will allow users to wager not only with $MEMEBET but also with other mainstream meme coins.

The Memebet team aims to provide an exceptional user experience. Moreover, they offer a wide range of casino games, a global sportsbook, and a community-driven environment. Seventy percent of the token supply will be sold during a 30-stage presale. In addition, 20% will go to community rewards and airdrops. Finally, the remaining 10% will ensure sufficient trading liquidity.

Currently, online crypto casinos often disappoint users with poor experiences and uninspired designs. However, Memebet aims to capitalize on the growing demand for meme-driven platforms, as evidenced by significant trading volumes on networks like Ethereum, Solana, and Base.

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Memebet Casino introduces a unique wagering model that allows players to use $MEMEBET for various games. Users can earn rewards through wagering and gain access to exclusive bonuses, including high-roller VIP programs. The platform will also host community events, bonuses, and airdrops, fostering engagement among users.

Only one day and 23 hours left until the next price hike for $MEMEBET tokens! Don’t miss out on this opportunity! With $496,321.64 raised in the presale, it’s clear the community is rallying behind this groundbreaking platform. Right now, 1 $MEMEBET is just $0.026—a fantastic entry point for savvy investors ready to get in early!

Visit Memebet Casino Presale

4. Ethereum Name Service (ENS)

The third token on our list is Ethereum Name Service, and it’s making headlines with a 6.44% surge in the last 24 hours. Exciting new developments are setting the stage for even more growth.

To start, major brands are now tapping into ENS to build secure on-chain identities. Notably, ArianeeProject’s integration is a game-changer. This enables brands to link domain names to ENS, offering verified, transparent digital identities. On top of that, Google has integrated ENS into its search engine. Now, users can easily search for .eth domains and view balances right in the results. This move is propelling ENS further into the mainstream, opening the doors for wider adoption.

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In light of this news, ENS is currently priced at $18.84, it enjoys robust liquidity, showcasing a 0.2691 volume-to-market cap ratio. Adding to the excitement, ENS has surged 163% in price over the past year and is now trading an impressive 109.69% above its 200-day SMA of $8.99.

Amid the typical market fluctuations, ENS has managed to close in the green for 43% of the last 30 days, demonstrating steady performance. Additionally, with its low volatility of just 6% over the past month, this crypto asset is an attractive option for cautious investors.

Looking ahead, the 14-day RSI sits at 40.88, placing ENS in neutral territory and indicating a potential for sideways trading in the near future. Yet, it’s noteworthy that it has outperformed 66% of the top 100 crypto assets over the past year.

5. THORChain (RUNE)

Ranked among the top gainers in the market, THORChain has caught attention with an impressive 6.33% jump in the past 24 hours. Currently priced at $5.22, it showcases impressive liquidity with a 0.0985 volume-to-market cap ratio. This high liquidity is essential for users looking to swap assets effortlessly.

Moreover, THORChain serves as a decentralized liquidity protocol that allows users to exchange cryptocurrency across various networks, including Bitcoin and Ethereum. This functionality enhances accessibility, enabling users to swap assets without losing full custody. Instead of relying on order books, THORChain maintains market prices through its innovative automated market maker system.

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Furthermore, RUNE, the native utility token, plays a vital role in the platform’s governance and security. THORChain employs a unique slip-based fee system to tackle “impermanent losses,” ensuring liquidity stays where it’s most needed. This user-friendly approach helps both seasoned and inexperienced traders.

Interestingly, THORChain has demonstrated substantial growth over the past year, with a 187% price increase. It is currently trading an impressive 77.89% above its 200-day SMA of $2.93. In addition, 57% of the last 30 trading days have been positive, showcasing steady performance.

With a 14-day RSI of 49.05, RUNE is in neutral territory, suggesting it may continue trading sideways. Remarkably, it has bested 71% of the top 100 crypto assets in the past year, indicating robust potential. As THORChain forges ahead with its innovations, it solidifies its status as a prominent player in the crypto market.

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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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