Top Crypto Gainers on November 8 – Ton, 1inch, And Gala
The crypto market is still above one trillion as BTC and other altcoins record positive investor sentiment. The market cap is $1.39 trillion, representing notable gains in the past few days.
Bitcoin trades above $35,000 today, November 8, confirming that the accumulation phase is ongoing.Moreover, the Crypto Fear and Greed Index has displayed greed for the last few weeks and still stands at 66 today.
As a result of the positive sentiment in the market, some assets have surprisingly emerged as the top gainers today.Will these assets maintain their bullish momentum, or will they retrace? Find out their possible price action in the coming days below.
Toncoin (TON) - The Open Network For Developers
Today November 8, at 6:35 am EST, TON's price is $2.60, with a 7.9% increase in the last 24 hours. Also, TON has gained 20.7% in the past seven days on its price as the crypto market resurgence continues.
Remarkably, TON's developments continue to boost its price, with a viral following from its online community. According to a post on X, Toncoin set a record on October 31, 2023, becoming the world's fastest and most scalable blockchain.
Want to know why everyone is talking about #TON?
Let's dive into it
pic.twitter.com/WpOBj6ePnC
- TON
(@ton_blockchain) November 3, 2023
Notably, Toncoin set a record, achieving 104,715 transactions per second that were validated and confirmed by CertiK.Also, the integration with Telegram exposed Toncoin to millions of users, increasing its adoption.
Further, the TON Believers Fund raised 1.3 billion TON valued at $2.8 billion to enhance Toncoin's tokenomics and boost transparency.These factors contribute to a bullish outlook for TON on the daily chart as buyers continue to mount pressure for a rally.
TON Approach $2.64 Resistance Level, Will The Buyers Prevail?
TON now has four green candles on the chart, with higher highs as the buyers continue to drive its price.Also, TON has found support at $2.54 as it attempts to break above $2.64.
Based on the ongoing rally, TON will likely break above the $2.64 price level to trade at higher highs.
Additionally, the Relative Strength Index (RSI) displays a value of 78.6, rising to the overbought region above 70. This implies that the ongoing accumulation will likely persist.Furthermore, the Moving Average Convergence/Divergence (MACD) is above its signal line, confirming the bullish sentiment.
Also, the green Histogram bars display a strong buy signal for TON.Therefore, if the buyers persist, TON will likely break above the $2.64 price level to continue the uptrend in the coming days.
1inch (1INCH) - The Decentralized Exchange Aggregator
1INCH price of $0.37 indicates a 6.6% increase in the last 24 hours. Also, in the past week, 1INCH gained 29.4% on its price as the buyers retained dominance in the market.
1inch's integration of Swaap to build the best-automated market maker for decentralized finance (DeFi) is likely aiding its price gains.
1/
@1inch has integrated Swaap and this marks a critical milestone on our journey to build the best AMM in DeFi
Here is why this is a major deal
pic.twitter.com/c5h2WFmIbQ
- Swaap (@SwaapFinance) November 6, 2023
According to the developers, this integration grants users access to the biggest aggregator in the crypto space with the largest trading volume. Also, it creates more avenues to improve yields for users.
Notably, users in the 1-inch ecosystem will enjoy a smoother DeFi experience with effective yield calculation.
Also, on November 3, 1inch developers posted a weekly report. According to the report, the total swap volume across twelve supported networks on 1 inch surpassed $400 billion.
Additionally, 1 inch was identified as the second most traded highlight project on the Binance Smart Chain for seven days. Its trading volume was $212 million.
Furthermore, 1inch is collaborating with a Community Bot to distribute limited merchandise and tokens in a raffle ending on November 17. On the daily chart, 1INCH is recording higher highs as it attempts a break above its closest resistance level.
1INCH Sellers Re-enter The Market, Will A Rejection Occur?
1INCH has formed a green candle, signaling a recovery after the red candle formed on November 7. Notably, 1INCH found support at $0.33 on November 6, leading to its rally to the $0.36 resistance level.However, the long upper wick of today's candle suggests a possible rejection by the sellers at $0.36.
Nevertheless, 1INCH is trading above the 50-day and 200-day Simple Moving Average (SMA), confirming that the bulls still control its price.Also, the Moving Average Convergence/Divergence (MACD) indicator is above its signal line, confirming the bullish trend.
Furthermore, the green Histogram bars confirm that the buyers remain dominant and will likely retain 1INCH price gains.1INCH will likely break above the $0.36 resistance level in the coming days before retracing for consolidation.
Gala (GALA) - The Blockchain Gaming Ecosystem
GALA's price at 6:48 a.m. EST is $0.022, with a 6.75 increase in the past 24 hours. Also, it has gained 20.5% on its price in the last seven days.
Gala Games continues to roll out exciting games for their community, leading to a surge in the value of $GALA tokens based on their rising utility.
Some exciting new features and character traits were added to the Championship Arena official game boosting its value.Notably, Gala Games updated its homepage to provide users with a more satisfying experience.
Some of the upgrades include NFT categories, a Game Carousel, a new search function, and Metadata tags.The constant commitment to upgrade and growth is likely to attract more users to the Gala Games ecosystem.
This increase is evident on the daily chart as GALA records impressive price gains.
GALA Finds Support At $0.0209, What Next?
GALA has formed a large green candle on the daily chart after finding support at $0.0209. The upper wick of today's candle is testing the $0.0227 resistance level, and a break above it will continue the rally.
Also, the RSI indicator is rising to the overbought region with a value of 70.11, confirming the ongoing accumulation phase.Furthermore, the MACD is above its signal line, displaying a strong buy signal confirmed by the green Histogram bars.
Therefore, GALA will likely overcome the $0.0227 resistance level in the coming days if the buyers sustain the pressure. However, if the RSI retraces into the channel, then a price decline will likely occur.
Meme Kombat - The Crypto Community Gaming Platform For Rewards
Meme Kombat is an exciting blockchain gaming platform that gives users access to exciting battles with their favorite memes.Notably, Meme Kombat operates on the Ethereum network, which gives it a high level of security and efficiency.
Are we...in a bull market? pic.twitter.com/Yj0r6E5juM
- Meme Kombat (@Meme_Kombat) November 8, 2023
To access the full benefits of this project, the MK token is a necessity for investors. These MK tokens are available on presale at $0.183 each.Presently, over $1.30 million has been raised in the ongoing presale out of the target of $1.5 million.
However, a price increase is coming in a few hours to move to the second stage of the revamped presale.Users can access multiple options to purchase the $MK tokens, such as ETH and USDT, through an Ethereum-compatible wallet.
Also, users can purchase the MK tokens on the BSC Smart Chain, but all tokens will be migrated to Ethereum for claiming.Meanwhile, the presale has a hard cap of $10 million and will go through ten stages before the eventual launch.
Crypto Analyst Reviews Meme KombatAccording to crypto analyst and vlogger Jacob Bury, Meme Kombat has huge potential to reward investors up to 10X of their initial stakes.Also, he compared it to the popular Wall Street Memes project and its early surge after listing.
It's a great honor to once again be in the top presale coins picked by @BuryCrypto
Watch the full video here
- Meme Kombat (@Meme_Kombat) November 7, 2023
He noted that the price increase at each stage of the presale will reward early investors, and he commended the strong team behind the project.Also, Cryptonews hailed Meme Kombat as a utility cryptocurrency.
Furthermore, it commended the staking feature, noting that it is only a matter of time before it spikes in value. However, users were encouraged to conduct further research before investing.
These reviews confirm the growing acceptance in the crypto community for Meme Kombat and its massive potential.
Staking and Battles Add Variety To Meme Kombat Ecosystem
Meme Kombat allows investors to stake their tokens during the presales. However, the presale staking will not come with the customary ten-day lock period since the MK tokens cannot be traded till after the presale.
Each time participants claim their rewards, it resets the lock-in period. Also, when the NK tokens launch, investors' ability to withdraw and trade their tokens will be linked to their recent activity.Once the staking dApp launches, each $MK holder can claim and stake their tokens in the official staking.
The earnings for each user depend on the number of tokens they commit to the pool and the APY at the time. The staking after the presale is referred to as Dynamic Staking.
Meanwhile, users can bet on the outcome of battles with their staked tokens for additional rewards.
Eventually, Meme Kombat will launch other projects, such as NFTs and community airdrops, to reward MK holders, Hopefully, the launch of MK tokens on exchanges will boost their value, thereby rewarding early investors.
Bitcoin Minetrix (BTCMTX) - The Secure Cloud Mining Platform For Rewards
>>>Visit Bitcoin Minetrix Presale
Bitcoin mining has grown in popularity as miners have profitable solutions for mining. Unfortunately, mining has become quite cost-intensive due to rising electricity costs, hardware maintenance costs, and noise pollution.
Spotlighting the security measures of #BitcoinMinetrix compared to Conventional Cloud Mining:
#BTCMTX: Decentralized, user-controlled tradeable assets.
Traditional Cloud Mining: Demands cash deposits.#CryptoComparison #CloudMining pic.twitter.com/E6RqPQOV1P
- Bitcoinminetrix (@bitcoinminetrix) November 7, 2023
Bitcoin Minetrix is a modern cloud mining platform that seeks to provide practical solutions for Bitcoin miners. It steps in to fill the void, providing secure cloud mining solutions for users.
Bitcoin Minetrix introduces a Stake-to-Mine solution where users stake the native BTCMTX tokens to earn mining credits. Next, the mining credits are burnt for cloud mining time and rewards.
This model is more efficient and relies on the Ethereum blockchain for its security. Additionally, users with an Ethereum-compatible wallet, such as MetaMask, can easily purchase and stake the BTCMTX tokens.
BTCMTX Presale Ongoing
>>>Visit Bitcoin Minetrix Presale
BTCMTX is on presale with over $3.66 million raised out of the targeted $4.40 million at this stage.The remarkable success of the presale confirms that more investors are adopting the BTCMTX tokens to benefit from cloud mining.
Each BTCMTX token is worth $0.0115 and can be purchased with USDT, ETH, or bank cards.Also, a price increase for the tokens will occur in three days, giving early investors paper rewards.
Recent Developments in the Mining SectorAccording to a November 6 report from Bitcoin Minetrix, most mining companies are re-positioning into AI-cloud services.
Hive Digital Incorporated is re-programming 38,000 Nvidia GPUs for AI cloud services. Also, Bit Digital Incorporated is investing $35 million in new GPUs for AI clients.
#BitcoinMining industry's remarkable shift into #AI tech!@hivemarketing repurposes 38,000 Nvidia GPUs into AI cloud services, while @BitDigital_BTBT invests $35M in new GPUs for AI clients.
How will these bold moves reshape the landscape of #BitcoinMining and accelerate AI...
- Bitcoinminetrix (@bitcoinminetrix) November 6, 2023
These developments favor Cloud mining and AI technology development as traditional mining becomes more cost-intensive.Remarkably, Bitcoin Minetrix stands out for its simplicityand security. Also, it does not require miners to sign binding contracts like traditional cloud mining providers.
Staking Gives BTCMTX Holders Additional RewardsBitcoin Minetrix supports the staking of BTCMTX tokens for additional rewards before the launch of the cloud mining service.Over 258.31 million BTCMTX tokens have been staked at an APY of 158.5.
However, the APY will reduce as more users stake their tokens before the token launch.
According to the details on the staking dashboard, staking rewards are distributed based on the current APY.Also, the reward distribution will be done over two years and depends on a user's share in the staking pool and the APY.
What Lies Ahead For BTCMTX?According to the roadmap, the developers will focus on exchange listings and multimedia marketing campaigns after the presale.After the presales, the second phase will focus on the cloud mining platform development and additional listings.
Furthermore, the third phase will feature the launch of the Stake-to-Mine platform and BTC-to-wallet withdrawals. Also, company growth and extended marketing campaigns will continue.
Finally, the fourth phase will focus on the mass adoption of the BTCMTX token and the push for its market cap growth.Remarkably, these plans will likely keep BTCMTX relevant as Bitcoin mining difficulty increases.
ConclusionThe crypto market has found some form of stability, with Bitcoin finding strong support at $34,000. This has led to its rebound to $35,000, supporting the altcoins rally.
Therefore, the crypto market will likely end 2023 on a high if the accumulation phase persists. However, risk management and research remain vital tools for any crypto investors.
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