Top Crypto Gainers Today Sep 05 – Livepeer, Siacoin, Beldex, H2O Dao

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As Bitcoin’s relationship with macroeconomic trends becomes a key topic of debate, industry experts are divided. They are unsure whether Bitcoin will maintain its correlation with traditional markets or eventually decouple. While some anticipate a bullish breakout following Bitcoin’s halving event, others remain cautious. They are concerned about potential short-term market stress and political uncertainties.

In this shifting market, investors are critically eyeing top crypto gainers. This article spotlights these tokens and their potential, helping investors make informed decisions. 

Biggest Crypto Gainers Today – Top List

Livepeer stands out with impressive price gains and strong performance in decentralized video streaming. Meanwhile, Siacoin exhibits short-term growth thanks to its decentralized cloud storage platform. Following closely, Beldex shows notable price movements, driven by its privacy-focused applications and an upcoming network upgrade. Although smaller, H2O Dao demonstrates steady progress as a decentralized platform for blockchain news and resource sharing.

1. Livepeer (LPT)

Today’s first top crypto gainer is Livepeer, surging ahead in the crypto market. With its current price at $11.86, LPT has impressively risen by 4.98% in the last 24 hours.

Livepeer stands out for its unique approach to live video streaming. Built on the Ethereum blockchain, it offers a decentralized alternative to traditional broadcasting. This innovative platform allows content producers to stream high-quality videos without the need for centralized intermediaries.

It leverages decentralized computing and crypto-economic incentives to enhance broadcasting efficiency, setting it apart from conventional solutions. Furthermore, the security of Livepeer is notable, as it utilizes a modified Delegated Proof-of-Stake (DPoS) mechanism.

 

LPT’s performance is particularly striking when we consider its liquidity. The token boasts a strong liquidity position with a market cap-to-volume ratio of 0.0944. This suggests robust market activity and solid trading volume. Moreover, the 14-day Relative Strength Index (RSI) stands at 44.63, indicating that LPT is in a neutral zone, which may lead to stable trading in the near term.

Turning to longer-term trends, Livepeer is trading significantly above its 200-day Simple Moving Average (SMA), currently at 92.07% above $6.19. Over the past year, LPT has seen a 63% increase in price, outperforming 57% of the top 100 cryptocurrencies by market cap.

Notably, the 30-day volatility is low at 12%, reflecting a relatively stable price movement. This stability, along with its strong performance metrics, is likely to attract long-term investors and strategic investors.

2. Siacoin (SC)

Siacoin stands out today with a notable 2.73% increase in price, reaching $0.004172, showcasing impressive short-term gains. For context, Siacoin is the native utility token of Sia, a decentralized cloud storage platform. By allowing users to lease their unused storage space, Sia provides a cost-effective and secure alternative to major cloud services like Amazon and Google.

The Sia network’s security relies on a proof-of-work consensus algorithm, where miners compete to add blocks to the blockchain, requiring a majority agreement for validation. Additionally, files are split into 30 encrypted segments and stored on different hosts, enhancing redundancy. Smart contracts manage agreements between users, ensuring secure and trustless transactions.

SC Price Chart

Moving back to the short-term performance, Siacoin boasts high liquidity. With a market cap-to-volume ratio of 0.0438, it demonstrates a solid market presence. The 14-day RSI is at 43.26, suggesting that Siacoin is currently neutral and may trade sideways. Additionally, in the last 30 days, Siacoin had 47% positive trading days, showing consistent performance. Furthermore, the 30-day volatility is notably low at 5%, indicating price stability.

For the long term, Siacoin is trading 45.76% below its 200-day SMA of $0.007676. Nevertheless, it has increased by 48% over the past year, outperforming 51% of the top 100 cryptocurrencies by market cap. This demonstrates significant growth despite recent underperformance relative to its SMA.

3. Shiba Shootout (SHIBASHOOT)

Shiba Shootout has recently experienced a remarkable surge in its presale, now exceeding $1 million and gaining rapid traction. This notable increase in interest follows the successful launch of its main game, Shiba Sharpshooter. The game, which combines a Wild West theme with the Shiba Inu meme, has quickly captivated both gamers and investors.

As a result, it has become a sensation in the memecoin space. This viral buzz and media attention have significantly boosted the project’s visibility, propelling the presale closer to its next milestone of $1.84 million. Given the current momentum, the presale could likely conclude earlier than originally anticipated.

Moreover, Shiba Shootout’s appeal extends beyond its innovative game. The project offers several attractive features. For instance, it provides staking rewards with an initial APY rate exceeding 870%, drawing in early adopters eager to maximize their returns. Additionally, the Lucky Lasso Lotteries present participants with a chance to win significant crypto prizes while also supporting charitable causes. This dual benefit enhances the project’s attractiveness.

Furthermore, the recently launched Posse Rewards program has energized the community. It rewards referrals with bonus tokens, boosting engagement and encouraging community growth. As Shiba Shootout continues to gain popularity, the rapid progress of its presale highlights the growing investor confidence in the project. To join this juicy opportunity, visit their official website by clicking the link below.

Visit Shiba Shootout Presale

4. Beldex (BDX)

As of today, Beldex holds the impressive position of being third on our list of top crypto gainers in the crypto space. At the time of writing, it is priced at $0.0541, having surged by 2.40% in the past 24 hours. This recent uptick reflects a broader positive trend, as the coin has risen by 60% over the past year and outpaced 55% of the top 100 crypto assets.

Beldex is a privacy-centric ecosystem designed to offer a secure environment for online interactions. With a focus on confidentiality, it supports a range of privacy-first decentralized applications, including BChat, BelNet, and the Beldex Browser. The project uses advanced privacy technologies such as RingCT and CryptoNight to anonymize transactions and user data.

BDX Price Chart

The excitement around Beldex can be attributed to its upcoming Hermes Hardfork, scheduled for Sep 9, 2024. This major upgrade is set to enhance the network’s speed, security, and performance. Key features of the Hermes Hardfork include Ethereum address and domain name integration, which will allow for smoother cross-chain interactions. Additionally, the hardfork addresses previous security issues. It also optimizes the network by limiting masternodes per VPS machine, which aims to improve block validation and the performance of Beldex’s applications.

The market is reacting positively to these developments. With Beldex currently trading 31.56% above its 200-day SMA and showing a neutral RSI of 65.59, the coin is positioned well for further gains. Despite its low liquidity, with a market cap-to-volume ratio of 0.0034, the coin’s low volatility (4% over the last 30 days) indicates stable price movements.

5. H2O Dao (H2O)

Standing as the least top crypto gainer on our list today, H2O DAO has posted a 2.36% increase, bringing its price to $0.1817. Nevertheless, it remains worth watching for its long-term potential. Let’s break it down.

H2O DAO is a decentralized community organization that empowers members with the latest blockchain news and industry benefits. By offering valuable insights and creating a platform for resource sharing, it fosters the growth of decentralization. This community-first approach is what sets H2O DAO apart.

H2O Price Chart

In the short term, H2O DAO shows low liquidity, with a volume-to-market-cap ratio of just 0.0022, indicating limited trading activity. This suggests that while there is movement, the token is not highly liquid at the moment, which could affect short-term investors. Its 14-day RSI stands at 64.06, placing the token in neutral territory, meaning it’s neither overbought nor oversold and might continue to trade sideways.

Additionally, H2O DAO saw 13 positive days in the last 30, or 43% of the time, highlighting its steady yet modest short-term performance. Meanwhile, volatility remains low at 26%, indicating fewer dramatic price swings.

Looking further ahead, the long-term outlook for H2O DAO is more promising. The token is currently trading 33.80% above its 200-day SMA, signaling a strong upward trend. Over the past year, its price has surged by 77%, a significant increase that showcases its growth potential. Furthermore, it has bested 61% of the top 100 crypto assets in the last year, reflecting its ability to maintain momentum in a competitive market. 

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