Top crypto Gainers on August 15 – Trust Wallet Token, Toncoin, And COMP
The general crypto market cap on August 15 was $1.22 trillion. The price variance in the last 24 hours indicates a growing neutral sentiment among investors.
Bitcoin, the market leader, still trades at $29,323 in the same timeframe, with the bears keeping its price below $30,000 since July 23.
Some altcoins outperformed Bitcoin to become the top gainers today, driven by activities within their ecosystem. Overall, investors' sentiment plays a significant role in the price action of a token.
Trust Wallet Token (TWT) - Empowering Trust Wallet Users
TWT trading price is $0.95, with a 1.9% gain in the last 24 hours. Also, its seven-day gain is 4.2%. Trust Wallet remains one of the top crypto wallet providers worldwide. The Trust Wallet Security Scanner V2 is one of the new features added to protect users from potential attacks.
It sends users warning messages when they encounter potentially dangerous sites or links. A warning message appears on the display when a user attempts to transfer funds to a high-risk address.
Users can then select the warning and view the details and Risk Description using the risk alert popup.
If the users ignore the warning and click confirm, the Risk Description software will still pop up, and the user is strongly advised to abort the transaction. However, the user can click on continue, considering the potential risks involved.
This feature comes in handy in the crypto space due to the high risks involved and the constant innovation of crypto hacks.
Also, Trust Wallet, on August 11, announced a partnership with Cyber Connect for the BASE mainnet launch. To celebrate this achievement, they launched a giveaway for over 10,000 white list members with $1.8 million as the total reward.
We're an official CyberConnect #BaseMainnet launch partner! To celebrate,#CyberTrek WL's+$1.8M reward pool is up for grabs!
Entry:
Like& RT
- Trust Wallet (@TrustWallet) August 11, 2023
The whitelist spots filled up by August 12, with over 11,000 participants showing massive interest from the crypto community. These events are likely behind the price gains noticed on August 14.
Bulls Return To Push TWT Price GainsWe can't quite believe it... But all the whitelist spots have been filled already! Thanks to the OVER 11,000 of you who signed up
Who thinks we should open another round with more Whitelist spots?
https://t.co/7bqg4UyQzv
- Trust Wallet (@TrustWallet) August 12, 2023
TWT trades in an uptrend on the daily chart moving above its 50-day Simple Moving Average (SMA) as the bulls return to force a rally.
It found support at $0.884, driving its price close to the resistance level of $0.960. A break above this level will likely send the token above its 200-day SMA, confirming an entry into an uptrend.
The Relative Strength Index (RSI) has a value of 60.81, close to the overbought region of 70, showing the return of the bulls. However, the RSI is moving sideways, indicating traders' indecision in the market.
Also, the Moving Average Convergence/Divergence (MACD) rises above its signal line, affirming the bullish trend. Its Histogram bars change to green, implying increased buying pressure for the token.
TWT will likely hold onto its gains in the coming week if the bulls move it into the overbought region.
Toncoin (TON) - The Global Open Network
TON is trading at $1.48, with a 4.6% increase in its price in the last 24 hours. Also, its 7-day gain is 18.8%. The Toncoin network announced an upcoming event, Gateway, scheduled for November 10-11 in Dubai.
Introducing the Gateway - our first-ever in-person network conference. Dive into keynote speeches, exclusive ecosystem updates, insightful discussions, and more.
Dubai
Nov 10-11
Limited tickets! Sales start in September. Be first in line: https://t.co/0nZtEacnJI pic.twitter.com/HhbQVnR599
- TON
(@ton_blockchain) August 10, 2023
The event is a network conference and will feature keynote speeches, discussions, and exclusive ecosystem updates. The ticket sales will start in September, and the slots are limited.
Also, the Ton Smart Challenge slated for August 8-18 is ongoing with few days left to its conclusion. 30,000 tons is the total prize money available for winners in this challenge, another developmental activity driving ecosystem growth.
Only one week left! https://t.co/SsEY92shX9
- TON
On August 11, a fintech company, NOWPayments, announced the integration of TON for nFT payments. This collaboration will enable payment for NFT using TON, thus boosting its utility and overall value.
Also, the TON network has a collection named TON Diamonds, the pioneer NFT collection creating avenues for creators to express themselves.
TON payments bring several advantages for users, such as secure transactions, low fees and quick transaction throughput, and a wider user base and global reach for NFTs.These activities are likely driving the price gains for TON.
TON Under Bearish PressureTON faces resistance at $1.38, with the closest support level of $1.18 weak and unlikely to hinder further price drop for the asset.
TON trades in the lower region of the Donchian Channel (DC), forming lower lows and expressing a strong bearish sentiment. The small size of the candles shows limited trading activity for the asset.
Also, the RSI value is 30.23 in the oversold region below 30, confirming the control of the bears and massive selling pressure.The RSI is still dropping, showing that the seller continues to dominate the limited trading activities.
TON's MACD is below the signal line, also expressing a bearish sentiment. It will likely continue on its downtrend in the coming days till the bulls rally again.
Compound (COMP) - The Reliable DeFi Protocol
COMP is trading at $54.62, with a 1% decline in price in the last 24 hours. Also, its 7-day gain is down by 0.5%.The Compound ecosystem got several proposals in the past week as the community seeks to give users a more rewarding and improved experience.
The main proposal is for the Comet configuration to set new rewards for the Base rewards contracts. These proposals need backing from most users with voting power to be implemented.
Also, Compound is live on Build On Base, enabling users to take advantage of ETH and cbETH as collateral to borrow bridged USDC.These liquidity updates will likely boost COMP's price. However, in the short term, the token struggles with bearish resistance.
COMP Struggles to Break Above the $59.16 Resistance LevelCOMP battles pressure from the bears as it approaches the $59.16 resistance level after finding critical support at the $54.07 price level.
The bears have limited the asset to trade below the 50-day SMA, although it still trades above its 200-day SMA.COMP has remained in a sideways trend since August 7, suggesting a drop in trading volume for the token.
Also, the RSI value is 39.79, descending to the oversold region 30. It also confirms the bearish sentiment expressed on the daily chart.Although the MACD is below the signal line, the fading Histogram bars indicate that a price recovery remains possible.
COMP will likely recover if the bulls rally to push its price above the $59.16 resistance level in the coming days.
Wall Street Memes (WSM) - The Leader of The Wall Street RevolutionWall Street Meme is the record-breaking meme coin revolution set to reward retail traders with seemingly worthless crypto tokens.This project identifies capitalism as a stumbling block for traders due to the market monopoly of whales and institutional players.
Drawing inspiration from the success stories of traders who triumphed against all odds, it is set to engineer the next phase of the crypto revolution.
Wall Street Meme relies on the power of its vibrant community to push the project to success with a well-detailed roadmap and arguably the most successful presale round in 2023.
With over 1 million community members, 40 million + impressions in a month, and unlimited memes to inspire the crypto community with its witty approach to trading.
The community lives by the mantra Greed Is Good," believing there is no limit to the project's profit potential.Wall Street Meme has a viral social media following with over 260.1 thousand followers on its official Twitter account.
Can't wait to see The Big Short 2 pic.twitter.com/ICFycL7PII
- Wall Street Memes (@wallstmemes) August 15, 2023
Users believe it has extreme potential to skyrocket and yield rewards for the common trader.
RoadmapWall Street Memes roadmap focuses on several aspects, with the first phase on smart contract deployment, community building, branding and marketing, and production of merchandise.
The second phase covers the token launch, quality partnerships, and collaboration with meme creators, influencers, and content platforms. Also, exchange listing and awareness campaigns in the mainstream media remain critical to the project's success.
>>>Visit Wall Street Memes Presale
The third phase will unlock a Gated Community where members will have exclusive benefits such as quality interactions, special content, and early updates. In this phase, another notable goal is to attain a market cap of $1 billion and secure listing on top centralized exchanges while boosting liquidity.
Presales$WSM, the token driving this revolution, is on presale breaking all presale records in the crypto industry. The presale has raised over $24.005 million out of its goal of 25.92 million.
>>>Visit Wall Street Memes Presale
Each token is worth $0.0334, and a price increase to $0.0337 will occur in the next three days. Investors should take advantage of the affordable price and accumulate the tokens ahead of a potential price increase when it lists on exchanges.
Users can grab the tokens with USDT, ETH, a bank card, or BNB. They also need a secure cryptocurrency wallet such as Meta Mask or Trust Wallet to buy and keep tokens.
Launchpad XYZ (LPX) - The Trading Tool Box for Overcoming Market VolatilityLaunchpad XYZ is a community-driven project empowering traders and investors to use AI technology to make profitable investments. The platform offers traders smart trading solutions relying on Web3 technology powered by its advanced Apollo AI.
This AI helps traders make well-informed decisions based on news, reliable insights, and market sentiment with a high percentage of accuracy.The platform caters to traders from beginners to more experienced traders providing signals based on personal preferences.
Also, its trading terminal gives traders an edge in the crypto market, with a high-speed terminal executing trades at peak times and preventing traders from missing out on profitable moves in the market.
Although Web3 technology might seem difficult for some users, the Apollo AI simplifies the process with its simplified user interface and cutting-edge details.
Additionally, the platform promotes a do-it-yourself culture hence its interest in providing quality education for traders with trading modules. Users earn LPX tokens as rewards for engaging in this educational process.
The Launchpad Quotient (LPQ) also brings its innovative ranking model leveraging over 400 data points. It provides a detailed analysis of financial, social, and market data to give a trust ranking to crypto projects.
This ranking helps traders and investors make wise investment decisions protecting users from falling into crypto scams and rug pulls with low liquidity.
With thousands of existing and newly launched crypto projects, this feature is necessary to filter through the crypto market and protect users from losses.
Passive Income OutletsLaunchpad XYZ (LPX) also offers its users opportunities to earn passive income with a marketplace for top developers to market their machine learning (ML) predictive models and earn rewards.
Also, staking is part of the ecosystem. A user who takes a minimum of 10,000 LPX tokens over 90 days gains access to exciting rewards. These rewards include discounts on trading fees, guaranteed access to NFT Mint whitelists, and community prestige badges.
LPX PresaleLPX is on presale with investors committing over $1.29 million to the project out of its target of $1.55 million.
Each token is worth $0.0445 at this stage, with a price increase once it attains the target. Users can buy these crypto assets using BNB, ETH, USDT, or bank cards. Also, they need a wallet with adequate security, like a Meta Mask wallet or Trust Wallet, to grab the tokens.
LPX is powering the next crypto revolution backed by Artificial Intelligence (AI). This technology finds practical applications in every sector hence the need to accumulate LPX tokens before a potential price surge once it lists on exchanges.
ConclusionThe top gainers show impressive activities within their ecosystem. However, some of these gains might not persist to the longer timeframes as the bears force a price correction.
Also, the top gainers benefit from a vibrant ecosystem and massive adoption alongside a surge in trading volume.The crypto market remains volatile, and tokens can deviate suddenly from past price action due to news or negative events.
Traders and investors must conduct proper research and apply smart trading strategies and risk management techniques.Notably, the crypto market wears a more positive outlook in 2023, maintaining a market cap above $1 trillion with slight variations.
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