Top Crypto Gainers: BitTorrent, Avalanche, JUST, Cardano (Aug 21)

Understanding Top Crypto Gainers: Opportunities for All Investors

In the fast-moving crypto market, top gainers present valuable opportunities for investors of all types. Short-term traders can capitalize on quick price swings and volatility for immediate profits. Meanwhile, long-term investors can focus on the growth potential and technology behind these assets. This article addresses both types of strategies, offering insights to help you align your approach with your investment goals. By understanding these dynamics, you can make informed decisions whether you seek rapid returns or aim to build a robust portfolio.

Biggest Crypto Gainers Today – Top List

Let’s explore today’s top crypto gainers and see how they cater to both short-term traders and long-term investors:

• BitTorrent (New) (BTT): 10.45% surge, showcasing potential for swift gains through innovative peer-to-peer solutions.
• Avalanche (AVAX): 5.54% rise, driven by new digital dollar integration and exceptional scalability.
• JUST (JST): 5.27% increase, offering stability with low volatility, ideal for steady performance.
• Cardano (ADA): 4.16% price rise, positioning itself for long-term success with the upcoming Chang hard fork.

BitTorrent (New) (BTT)

BitTorrent (New) is a prominent player in the peer-to-peer (P2P) file-sharing and torrenting space, catching attention today with a price surge of 10.45% in the last 24 hours, bringing it to $0.0₆8445. This significant rise makes BTT a notable top gainer.

Originally crafted to revolutionize content distribution, BitTorrent allows users to share files directly with each other, bypassing costly and inefficient distribution networks. Since joining forces with TRON, BitTorrent has expanded its reach, incorporating decentralized solutions and cryptocurrency. Features like BitTorrent Speed use the BTT token to enhance performance. Additionally, BitTorrent offers premium services, including VPN capabilities and ad-free browsing, broadening its appeal.

In terms of market performance, BitTorrent is trading 10.28% below its 200-day Simple Moving Average (SMA). Despite this, the token has shown remarkable strength, with a 103% increase over the past year. This impressive growth means it has outperformed 64% of the top 100 crypto assets by market cap. With high liquidity and low volatility, BTT offers smooth trading conditions and stable price movements.

Avalanche (AVAX)

Avalanche has recently captured the spotlight with a 5.54% price surge, bringing it to $23.09 in the last 24 hours. This momentum is driven by the recent expansion of Agora’s digital dollar, AUSD, to the Avalanche network. With over $20 million minted on Avalanche, Agora is leveraging the network’s EVM compatibility, sub-second finality, and low fees, signaling strong institutional interest.

Avalanche’s unique architecture, which divides the network into three specialized blockchains (X-Chain, C-Chain, and P-Chain), allows for up to 6,500 transactions per second without compromising decentralization. This setup makes Avalanche a standout among competitors.

Market indicators show that Avalanche is performing well, trading 46.12% above its 200-day SMA, which suggests bullish momentum. However, with a 14-day RSI at 73.86, the token is currently overbought, hinting at a possible correction. Despite this, its low 30-day volatility of 16% indicates stability. Over the past year, AVAX has surged by 123%, outperforming 71% of the top 100 crypto assets.

The Meme Games (MGAMES)

The Meme Games Token is launching on September 10, 2024, creating a buzz in the crypto community. This unique token merges the thrill of meme culture with Olympic-style competitions, offering a distinctive investment opportunity. By participating in the presale, you can purchase $MGMES tokens at $0.0093 each and receive a 25% bonus on your investment. Act fast, as the price will rise to $0.00925 in less than four days.

The concept is simple: buy $MGMES tokens using ETH, BNB, USDT, or a bank card, select your favorite meme athlete, and if they win their event, you’ll earn a 25% bonus on your $MGMES purchase. Competitors include popular names like Pepe, Doge, and Turbo, ensuring excitement and engagement.

$MGMES offers substantial staking rewards, with an impressive 607% annual percentage yield (APY). A total of 202 million $MGMES tokens, representing 10% of the entire supply, are designated for staking. The token’s smart contract has undergone a thorough audit by SolidProof, with no critical issues found, ensuring a secure investment. Don’t miss out—secure your tokens now, participate in the presale, and capitalize on this exciting new venture!

JUST (JST)

JUST is at the forefront of DeFi on the TRON blockchain, offering a comprehensive ecosystem that’s quickly gaining popularity. The platform is built around JustStable, a decentralized stablecoin lending platform. JUST operates a two-token system: USDJ, a stablecoin pegged to the US dollar, and JST, which serves multiple critical roles including governance, interest payments, and platform maintenance.

As of today, JST is trading at $0.030773, marking a 5.27% increase in the last 24 hours. The token’s high liquidity and balanced market performance, with a 14-day RSI of 50.56, indicate steady momentum. Over the past month, JST has seen 17 green days, representing 57% of the trading period. Additionally, JST’s 30-day volatility is low at 5%, and it’s trading 14.29% above its 200-day SMA. Over the past year, JST has grown by 51%, demonstrating its strong performance in the DeFi sector.

Cardano (ADA)

Cardano is making significant strides with its transition to decentralized governance through the Voltaire era, highlighted by the upcoming Chang hard fork. Notably, 52.82% of blocks have already been minted by upgraded Stake Pool Operators (SPOs), showcasing a solid foundation for this transformation. Furthermore, Cardano is poised to excel in the zero-knowledge (ZK) scaling race. The Chang hard fork will enhance smart contract capabilities and efficiency, potentially positioning Cardano as a leader in the scaling wars.

Cardano is secured by the Ouroboros PoS protocol, which is four times more energy-efficient than Bitcoin’s proof-of-work and offers robust security. This protocol, combined with peer-reviewed research, ensures that Cardano’s blockchain is both durable and reliable, increasing its long-term stability.

Cardano is currently trading at $0.357895, marking a 4.16% rise in the last 24 hours. Despite being 22.19% below its 200-day SMA of $0.459163, it has grown by 37% over the past year, outpacing 41% of the top 100 crypto assets. With its focus on real-world applications, Cardano continues to demonstrate its potential for significant long-term gains.