Top Crypto Gainers on October 24 – MINA, PEPE, And INJ
The crypto market has entered an aggressive accumulation phase, with the Fear and Greed Index displaying a value of 66 (greed).Also, the total market cap has risen from $1.2 trillion on October 22 to its present value of $1.32 trillion, with a 9.6% increase in the last 24 hours.
Notably, Bitcoin price at 7:54 a.m. EST today, October 24, is $34,477, indicating a 12.35 spike in the last 24 hours. Also, BTC briefly touched $35,000 before a slight decline, causing the altcoins to rally today.
One possible factor boosting the price of cryptocurrencies today is the approval of the first US spot Bitcoin ETFs in the coming weeks.Therefore, the top gainers benefit from this positive speculation and exciting developments within their ecosystem.
Mina Protocol (MINA) - The Lightweight Smart Contract Platform
MINA's price today, October 24, at 8:04 am EST is $0.92, with a 122.8% massive increase in the last 24 hours. Also, MINA is up 110% in the last seven days, confirming that the buyers control its price.
Impressively, MINA's trading volume in the last 24 hours is up by 3385%, confirming massive accumulation for the token.
MINA token surged exponentially in value, leading the crypto top gainers in the last 24 hours. Besides the general market rally, one likely factor driving its price gains is the token's listing on the Upbit crypto exchange.
This listing likely resulted in a massive surge in trading volume and the price of MINA tokens.
According to an X post today, Mina Network is undergoing high transaction volume levels. This prompted the developers to encourage community members to create additional nodes that address the present demand and help network processing.
On the daily chart, MINA has formed five consecutive green candles, and the buyers continue accumulation.
MINA Buyers Continue Aggressive Accumulation Will It Cross $1?
MINA is in an uptrend, forming a powerful Marubozu on the daily chart as the buyers dominate.It broke above the $0.46 resistance level, flipping it to support, and is testing the $0.87 resistance level.
Also, MINA is trading close to the Upper Band of the Donchian Channel, confirming the bullish sentiment.
Furthermore, the Relative Strength Index (RSI) is firmly in the overbought region and displays a value of 95.04.The RSI indicator is still rising, suggesting a bull run ahead for the asset, and is firmly in the overbought region above 70.
Notably, the upper wick of today's candle has tested the $0.9 price level. Therefore, MINA will likely increase to $1 in the coming days before a retracement.
Pepe (PEPE) - The Top Performing Memecoin Ecosystem
On October 24 at 8:07 am EST, the PEPE price was $0.00000098, with a 33.1% increase in the last 24 hours.Also, its trading volume in the last 24 hours is up by 213%, and a 47.9% price gain is recorded for its last seven days of trading.
According to a report on X today, 6.9 Trillion PEPE tokens worth $6,000,000 have been burnt. This is likely one of the factors driving PEPE's massive price gains.
6.9T $PEPE Tokens worth ~$6,000,000 have been burned. https://t.co/aN5LRUFz8u
A new team of advisors have been brought on to guide Pepe forward. Uses for the remaining 3.79T tokens attributed to the original team CEX multi-sig wallet for strategic partnerships and marketing... pic.twitter.com/JN3ssvH0XL
- Pepe (@pepecoineth) October 24, 2023
Additionally, a new team of advisors has been contracted to guide Pepe forward. The developers hope this team will develop multiple uses for the remaining 3.79 trillion tokens in the original team's multi-signature wallet.
Also, strategic partnerships and marketing opportunities are being studied while updates on future token burns will be provided.PEPE is recording impressive price gains in the daily chart and is already overbought.
PEPE Likely to Retrace If Buyers Take Profit
PEPE has formed a fifth consecutive green candle on the daily chart as buyers dominate the market this week. It found critical support at $0.00000075, leading to its rally to $0.0000011 today.
Also, the RSI indicator displays a value of 78.5 and is in the overbought region above 70. Nevertheless, the RSI is moving sideways, suggesting that some buyers are already closing open long positions.
Furthermore, the Moving Average Convergence/Divergence (MACD) is above its signal line, confirming the buying pressure. Also, the green Histogram bars display a buy signal for the asset.
While the indicators suggest that the buyers are still in control, a possible retracement might occur for PEPE in the next few days as some buyers close their open positions.
Injective (INJ) - The DeFi Blockchain for Financial Solutions
INJ's price today, October 24, is $12.7, with a 26.9% surge in the last 24 hours and a 61.7% gain in the last seven days. Also, its trading volume is up by 170% as more buyers continue to accumulate the tokens.
One of the factors aiding INJ's rally is the integration of Web3 finance data into Google Cloud BigQuery.The initiative referred to as Injective Nexus represents the blockchain data integration on Google Cloud.
1/ Introducing Injective Nexus: Injective's official data integration & availability on Google Cloud.
Now core chain data from the Injective network will be accessible in BigQuery through the Analytics Hub, Google Cloud's exclusive data sharing platform.https://t.co/V5gOyvAQe2
- Injective
(@Injective_) October 24, 2023
This development is quite massive since Google Cloud has only offered BitQuery datasets for top blockchains like Bitcoin and Ethereum. Therefore, Injective will rank among the top Layer-1 blockchains.
Developers and organizations will have access to vital data on the network, boosting its overall utility. This development will likely sustain INJ's price gains in the long term based on utility.Meanwhile, INJ has formed four consecutive green candles on the daily chart as buyers accumulate the tokens.
INJ Likely to Overcome $12.4 Resistance Level
INJ has found support at $9.3 after forming higher highs on the daily chart in the last four days. Its upper wick is above the $12.4 resistance level as the buyers continue to mount pressure on its price.Also, the RSI indicator is in the overbought region, displaying a value of 90.9 and confirming massive pressure from buyers.
Additionally, the MACD indicator displays a strong buy signal confirmed by its green Histogram bars.Based on INJ's performance in the past week, it will likely rally above the $12.4 resistance level in the coming days.
Bitcoin Minetrix (BTCMTX) - The Cloud Mining Solution for Exciting Rewards
>>>Visit Bitcoin Minetrix Presale
#BTCMTX introduces an efficient cloud mining solution for the #Crypto community.
Previous concerns about expensive equipment and cloud mining deceptions held many back.
This decentralized strategy ensures a transparent and protected mining venture.
pic.twitter.com/FPZHxkB74j
- Bitcoinminetrix (@bitcoinminetrix) October 24, 2023
Bitcoin Minetrix is an efficient and reliable cloud mining solution created for the crypto community.It eliminates problems associated with mining, such as the need to purchase expensive mining equipment, thus making it easy for more users to join mining.
Also, Bitcoin Minetrix acts like a hedge to investors against crypto scams rampant in the cloud mining space. It introduces a decentralized approach to cloud mining activities in its ecosystem.
Notably, users have full control over their tokens, which reduces the risk of losses experienced on other cloud mining sites.
Another feature that sets Bitcoin Minetrix apart is staking, which adds exciting benefits to users. According to the whitepaper, users stake their BTCMTX tokens for mining credits, which are vital for cloud mining.
BTCMTX Presale Above $2 Million Mark as Investors Continue Accumulation
>>>Visit Bitcoin Minetrix Presale
BTCMTX is the utility token powering the mining revolution and is presently on presale and increasing in value.Over $2.20 million has been realized from investors as it approaches the target of $3.10 million in this presale stage.
Also, each BTCMTX token is worth $0.0112, with a price increase in just three days.
Investors can purchase these tokens using BNB, USDT, ETH, or bank cards once they link to the official website. Based on its practical utility in mining, BTCMTX has long-term potential to reward early investors.According to tokenomics, BTCMTX's total supply is 4 billion tokens, and 42.5% is dedicated to miners' rewards.
Also, 35% will handle marketing projects, and 15.0% will be allocated to community rewards. Stakers will share 7.55 of the total supply as staking rewards.While the presale is ongoing, Bitcoin Minetrix is hosting a $30,000 Minedrop granting users access to extra rewards.
Consequently, 10 winners selected at random will share these tokens and take 3000 BTCMTX each.However, they must fulfill all conditions and tasks outlined in the airdrop event to qualify for the rewards.
Bitcoin Minetrix: The Future Of Cloud MiningBitcoin Minetrix provides users with practical cloud mining solutions and a means to earn passive income.With this platform, users without technical knowledge or access to expensive mining rigs can still earn mining rewards.
Cloud miners can rent the vast computational power available at an affordable fee, which is arguably more profitable.Also, the rapid growth of the crypto-mining sector calls for a deliberate effort to make mining more profitable despite rising energy costs.
Staking in the Bitcoin Minetrix Ecosystem is a reliable inflation hedge and a channel for passive income. Users easily stake their BTCMTX tokens for mining credits as rewards. Next, these mining credits are burnt to receive mining time allocation.
Bitcoin Minetrix will likely grow in relevance as the Bitcoin mining difficulty increases and more miners struggle with rising costs.
Meme Kombat (MK) - The Battleground for Rewards
Meme Kombat is a crypto project that combines the fun side of memes with the thrills of battles to keep its community engaged.It operates on the Ethereum network and depends on the blockchain for benefits such as security.
BTC maxi?
ETH maxi?Nah I'm a crypto maxi
pic.twitter.com/B82BQMn8KP
- Meme Kombat (@Meme_Kombat) October 23, 2023
Meme Combat is growing in relevance in the crypto community as more investors join the ongoing presales.Users who purchase $MK tokens on presale can participate in battles and enjoy several modes available.Also, betting is available for extra rewards, and staking adds value to the Meme Kombat ecosystem.
Meme Kombat Presale Ongoing with Price Increase Coming Soon
#MemeKombat UPDATE
Staged Presale = ON
NOW: 0.1667 USD
The timer is set! Secure your $MK before the rise!
pic.twitter.com/LMreT8M2Ce
- Meme Kombat (@Meme_Kombat) October 23, 2023
$MK's presale is ongoing, with many investors rushing in to accumulate the tokens. Half of the total supply of 120 million tokens is available for investors during the presales.Over $685,000 has been raised out of the presale target of 1 million, showing the rising relevance of $MK.
Furthermore, the presale offers the best opportunities for users to accumulate tokens before their eventual listing on exchanges.Each MK token is worth $0.1667, with a price increase to $0.1833 by November 2. Therefore, users have limited time left to take advantage of the present price.
Meanwhile, Meme Kombat supports token purchases on the BSC network, however, the tokens will migrate to Ethereum for claiming.
Staking Gives Users Passive Income ChannelsStaking is a vital part of the Meme Kombat ecosystem and is automatic for all tokens purchased during the presales.Also, after the presales, the staking rewards will be distributed to each user based on their tokens in the pool and the present APY value.
After the presales, all tokens will be un-staked, and users will be mandated to re-stake their tokens to claim their presale rewards. However, if a user opts to withdraw their tokens, they will forfeit all accumulated rewards during the presale staking.
A staking dashboard will soon launch for proper monitoring of staked tokens. Users can allocate a portion of their stakes to bet on battles. Also, a minimum lock period for staking after the presale is 14 days.
Users must note that Meme Kombat does not support partial withdrawals for those who wish to un-stake their tokens.Notably, 30% of MK's total supply is dedicated to staking and battle rewards, incentivizing attracting more users.
Betting Modes Create Exciting Prospects for Meme KombatMeme Kombat betting will likely preserve its long-term value based on the rapid growth of the crypto gambling industry.Users can engage in exciting gameplay and earn rewards based on successful wagers on battles.
Several game modes are available for betting, and users can compete and enjoy the Metaverse-inspired graphics.Also, Meme Kombat offers users exciting modes such as Side betting, direct betting, Player vs Gams, and Player vs Player modes.
These options make gameplay more interesting and not monotonous, creating a fun and interactive atmosphere. Furthermore, Meme Kombat AI technology provides users with a thrilling experience and high-resolution graphics.
The AI also ensures transparency and unpredictability of gameplay, making it quite thrilling and transparent. Meme Kombat is well-positioned to grow in relevance in the crypto market based on its extensive utility. Also, its eventual listing will likely see an increase in value for the tokens due to greater visibility.
ConclusionThe bullish sentiment in the crypto market has resulted in a rally for altcoins and meme coins. However, about $400 million worth of liquidations occurred for short positions in the last 24 hours.
Based on the present investor sentiment leaning toward greed, this accumulation phase will likely continue in the coming days.
However, cryptocurrencies remain highly volatile, and most price gains are based on speculation. Therefore, investors must conduct proper research and consider diversifying to crypto presales to explore more options.
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