Top Crypto Gainers Today Apr 17 – Akash Network, Chiliz, Axelar, NEAR Protocol

By Inside Bitcoins
about 1 month ago

In the aftermath of Iran’s attack on Israel, Bitcoin took a nosedive, experiencing a sharp 10% drop that sent shockwaves through the crypto market. As panic sets in, short-term traders are on the brink of liquidation, intensifying the tumultuous sell-off. Despite a slight recovery, uncertainty lingers around Bitcoin’s path, keeping experts and investors vigilant against further downturns.

Meanwhile, anticipation builds for Saturday’s halving event, historically bullish but tempered by recent price surges. Analysts predict reduced issuance effects will unfold gradually, minimizing immediate price volatility. However, past halvings have often preceded significant retracements, signalling a cautious approach among investors.

Biggest Crypto Gainers Today – Top List

Amidst the customary fluctuating values inherent in the crypto market, 13% of coins are experiencing positive momentum. “Cat in a dogs world” leads with a remarkable 32.20% gain in the past 24 hours, drawing savvy investors seeking profit. Conversely, MANTRA DAO emerges as the day’s biggest loser, dropping by -16.73%, highlighting the market’s volatility. As we delve deeper into the intricacies of these movements, we will uncover the narratives behind the numbers of four remarkable top-gaining coins.

1. Akash Network (AKT)

Akash Network is a decentralized marketplace for cloud computing services, facilitating transparent and secure transactions. Acting as a middleman between providers and users, it offers flexibility, usability, and cost efficiency. Users seamlessly switch between cloud providers, earning by leasing computing capacity in a transparent and secure decentralized community. Targeting Web3 developers, Akash offers tools for effortless decentralized application deployment, attracting this audience. Moreover, Akash Network provides services akin to Amazon Web Services and Microsoft Azure but at a lower cost, setting it apart in the market.

AKT Price Chart

AKT has seen impressive growth, with a price surge of 11.51% in the last 24 hours. Over the past year, its price has increased by 1,076%, outperforming significant cryptocurrencies like Bitcoin and Ethereum. Trading above the 200-day simple moving average, AKT demonstrates consistent bullish momentum. Despite moderate volatility and low liquidity, its 14-day Relative Strength Index suggests a neutral stance. With 40% of the last 30 trading days showing positive performance, Akash Network presents a compelling investment opportunity.

Furthermore, Akash Network’s significant growth can be attributed to its strategic collaboration with Coinbase Prime. This partnership marks a milestone for AKT, elevating its status in the institutional investor community. With Coinbase Prime’s secure custody solutions, institutional investors gain more access to AKT, driving wider adoption and increased trading activity. This increased institutional interest has driven significant price appreciation for AKT, signalling a new era of growth and potential for the project.

2. Chiliz (CHZ)

Chiliz is the premier digital currency designed for sports and entertainment, facilitated by the Malta-based FinTech provider of the same name. Chiliz operates the Socios blockchain platform at its core, which empowers users to govern their favourite sports brands. Through Socios, fans can acquire and utilize fan tokens to actively participate in club-related decisions, such as influencing jersey designs or team matchups. This platform bridges the gap between passive fandom and active involvement, offering fans a stake in their clubs’ decisions.

CHZ Price Chart

The use cases for Chiliz extend beyond fan engagement. Sporting organizations leverage Chiliz technology to offer limited supplies of fan tokens through initial fan token offerings (FTOs). These tokens, purchased with CHZ, grant fans voting rights on the Socios platform, and they are all facilitated by smart contracts. Moreover, Chiliz has partnered with major sporting institutions worldwide. These include FC Barcelona, Manchester City, and Juventus Turin, enhancing fan interaction and unlocking new revenue streams for these organizations.

Despite a 20% price decrease over the past year, it trades 38.10% above the 200-day simple moving average. The recent 6.58% surge in price indicates a potential turnaround. With 53% of the last 30 trading days showing positive performance and a 30-day volatility of just 10%, Chiliz offers a relatively stable investment option. Its high liquidity, evidenced by a volume-to-market cap ratio of 0.1620, also suggests ample trading opportunities. CHZ’s innovative fan engagement approach and price growth make it a compelling investment prospect.

3. Dogeverse (DOGEVERSE)

Dogeverse, the latest sensation in meme coins, raised over $6 million in record time, showcasing its multi-chain concept. Operating on six chains, Dogeverse offers unparalleled flexibility, providing options on Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. This diversity marks a significant departure from the limitations of single-chain meme coins.

Its presale structure is well-planned, with a soft cap of $8.835 million across ten stages and a subsequent hard cap of $17.002 million over six stages. This ensures a controlled progression, offering investors a transparent opportunity. The project allocates 15% of the 200 billion Dogeverse tokens until the soft cap is reached. It dedicates 28.5% to advancing the hard cap, demonstrating confidence in the project’s potential success.

Moreover, Dogeverse enables investors to earn passive income through token staking. As the presale continues, savvy investors are urged to seize this opportunity before it’s too late. With Doge Day fast approaching, demand for dog-themed meme coins surges, and Dogeverse is positioned as a prime contender for substantial gains. As the project gains momentum, early adopters stand to benefit from its unique features and promising outlook.

Visit Dogeverse Presale

4. Axelar (AXL)

Axelar is a project focused on enabling secure cross-chain communication for Web3. It provides a decentralized network and tools for decentralized application (dApp) builders to achieve seamless cross-chain communication. The protocol suite, tools, and APIs Axelar offers facilitate this goal. AXL serves as the native token of the Axelar network, supporting cross-chain transfers of various native tokens such as AVAX, ETH, FTM, GLMR, and MATIC via wrapped ERC-20 versions.

Its value proposition lies in its unique approach to secure cross-chain communication, utilizing a dynamic validator system and a proof-of-stake consensus mechanism. Unlike projects employing optimistic setups or federated multi-sig, Axelar stands out by building these capabilities on a PoS framework. Additionally, Axelar streamlines the development process for application developers. It provides protocols, APIs, and developer tools, allowing them to build cross-chain without learning a new programming language.

AXL Price Chart

Analyzing Axelar’s performance metrics reveals a positive trend. The current price of AXL stands at $1.146167, marking a 5.18% surge in the last 24 hours. Over the past year, the price has surged by 111%, trading significantly above the 200-day Simple Moving Average (SMA) by 140.84%. At the same time, the 14-day Relative Strength Index (RSI) indicates neutrality, with the majority of the last 30 trading days being positive (40%). The cryptocurrency exhibits relatively low volatility, standing at 18%. Furthermore, Axelar demonstrates high liquidity with a volume-to-market cap ratio of 0.0618, indicating favourable market conditions for investors.

5. NEAR Protocol (NEAR)

NEAR Protocol distinguishes itself as a community-run cloud computing platform. Its design aims to overcome limitations present in other blockchains. Its innovative approach addresses issues like low transaction speeds and poor interoperability. This offers a user-friendly environment for decentralized applications (DApps). NEAR introduces human-readable account names. It also employs the “Doomslug” consensus mechanism, ensuring ease of use and efficient operation.

NEAR Price Chart

Projects like Flux and Mintbase exemplify the practical applications of the NEAR Protocol. They harness its scalability and developer-friendly features. NEAR’s Nightshade technology significantly enhances transaction throughput. It reaches up to 100,000 transactions per second with near-instant finality. A streamlined onboarding process complements this groundbreaking achievement. It features human-readable addresses and modular components that facilitate rapid application development.

NEAR Protocol is priced at $ 5.45, showing a 5.66% surge in the last 24 hours. Over the past year, its price has increased by 132%, reflecting its growth trajectory. NEAR trades significantly above the 200-day SMA by 238.73%, demonstrating robust bullish momentum. However, with a 14-day RSI at 40.43, the cryptocurrency appears neutral and may trade sideways. Despite this, 43% of the last 30 trading days have been positive. Additionally, NEAR exhibits low volatility, with 30-day fluctuations of 9%, and high liquidity, boasting a volume-to-market cap ratio of 0.2202.

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