In a relatively stable crypto market, a few cryptocurrencies have managed to outshine recently, making it to the list of top gainers for the day. Today, we’ll take a look at tokens that topped the list, along with a bunch of other crypto projects, currently in their presale, that have the potential to join the list in the future.
1. Convex Finance (CRV)
Convex Finance is a decentralized finance platform that provides incentivized rewards for staking CRV tokens. The platform’s CVX token has seen a 90% increase in price since the start of the year due to growth in its Ethereum staking platform, Frax Finance. Users trade ETH derivatives on the Frax platform and this leads to a price increase for CVX.
The token has emerged as a strong player in the crypto market with a significant upward price trend, benefiting from network development and updates to its staking mechanism and rewards distribution. The updates aim to provide further incentives for users to stake cvxCRV and the team has proposed changes to platform fees, with 2% being allocated to purchase and stake cvxCRV.
However, the token remains a risk to watch as the market reaction to the proposed changes is yet to be seen, and investors are keenly observing if they will take out profits. The CVX 7-day price chart shows bearish sentiments, with technical analysis aligning with ‘sell’. Convex Finance receives a medium risk rating from InvestorsObserver analysis, with a risk/reward score of medium.
The token is considered to be a moderate-risk investment, with the risk gauge rank showing that it is 10.70% lower in the last 24 hours of trading. Currently, the token is trading at a price of about $6.06.
Despite the market movement and change in volume and market capitalization, the token remains an asset to watch in the coming days and weeks. As the crypto market continues to evolve, it will be interesting to see the developments on the Convex Finance platform and how it responds to the proposed changes. The platform has the potential to become a major player in the DeFi space, and investors will be watching closely to see if it can deliver on its promise.
2. Enjin Coin (ENJ)
Enjin Coin (ENJ) is a digital currency platform aimed at building virtual currencies and tokenizing in-game items on the Ethereum blockchain. It has become increasingly popular among game developers for its ease of use and the various tooling provisions offered by the protocol. As a result, the recent launch of the Enjin Wallet and a new non-fungible token marketplace, NFT.io, has generated a lot of excitement among buyers who anticipate substantial growth in the Enjin ecosystem in the coming months.
Despite the recent upswing in popularity, the overall sentiment around Enjin Coin (ENJ) is negative, as investors are not pleased with the current price trend. The token is trading at $0.469, which is 90% below its all-time high of $4.85, and this bearish trend is expected to continue. Analysts believe that investors should focus on projects with more growth potential.
Enjin Coin (ENJ) has taken centre stage in the digital currency ecosystem recently as Bitcoin (BTC) and many other altcoins are experiencing losses. The token has seen a significant 24.02% increase in price over the past 24 hours, trading at $0.469 and a 6.7% growth over the past seven days. The current price increase is unusual for Enjin Coin, which is not known for significant price performance, and raises questions about its ability to sustain growth.
Despite the industry’s instability, Enjin Coin’s unique stance on carbon neutrality, matured partnerships, and recent developments are expected to enhance the uniqueness of the protocol and translate into positive price growth in the mid to long term.
The Enjin protocol is making its platform attractive and user-friendly for developers to take advantage of the growing world of web 3.0 gaming. While there is still room for the ENJ token to grow, its future growth potential will depend on the stability of the industry and the success of its new developments.
3. Meta Masters Guild (MEMAG)
Meta Masters Guild presale has generated a great deal of excitement in the crypto world and has already surpassed the $1.93 million mark in just under three weeks since its launch. This is due to the development of Web3’s first dedicated mobile gaming platform, which is considered to be a landmark moment for Gamearound and blockchain gaming.
The current stage 4 of the presale is offering MEMAG tokens for $0.016 each, with an 18.75% increase in price to $0.019 in the next stage. Investors who take advantage of this opportunity are expected to see a 43% price increase by the end of the presale, making it a lucrative investment opportunity.
Meta Kart Racers is the first of the three games in development for MMG and is set to be released later this year. The game will feature NFT characters and karts and will offer a fully playable version that will demonstrate the capabilities of the platform. The MEMAG partnership is seen as a significant step forward for the mobile gaming community, as the company is striving to revolutionize the gaming experience by offering fun and rewarding play-to-earn games.
The focus of MEMAG is on a play-and-earn model, which aims to develop games that are highly replayable, sustainable, and appealing to casual players. The company recognizes the importance of making gaming fun, and as such, their games are designed with the intention of being highly entertaining. They aim to provide an experience that will keep players coming back for more, and with their focus on sustainability, the games are expected to have a long lifespan.
The Meta Masters Guild presale is a unique opportunity for investors to get in on the ground floor of a company that is poised to revolutionize the mobile gaming industry. With its focus on fun, sustainability, and play-to-earn models, MEMAG is poised to become a major player in the gaming world, and the presale offers investors a chance to get in on the action.
4. FightOut (FGHT)
FightOut is a new cryptocurrency project that rewards users with in-app tokens called REPS for any physical exercise they complete. The company uses the leading Move-to-Earn fitness application to incentivize people to lead a healthier lifestyle.
The app tracks and analyzes users’ physical workouts and displays progress towards their goals through personalized avatars, motivating users to continue with their routines. The FightOut presale has been a huge success, raising an impressive $3.6 million so far, attracting strong interest from investors.
The presale has sold out quickly in recent months, and another price hike is expected soon. The FightOut team aims to bridge the divide between the physical realm and the virtual world by building a series of gyms around the world. The first gym is due to be acquired in the first quarter of 2023, fostering an engaged community of active participants. The FightOut presale is conducted in stages on their website, allowing early contributors to acquire tokens more cheaply than those who contribute later.
5. C+Charge (CCHG)
C+Charge is a new cryptocurrency platform that aims to revolutionize the electric vehicle (EV) charging sector. The platform provides carbon credits to EV owners and chargers in exchange for charging their vehicles. These credits can be converted into CCHG tokens and used to pay for EV charging services at stations worldwide.
The platform leverages blockchain technology to integrate carbon credits into the EV charging industry and rewards users for their efforts in reducing carbon emissions. The CCHG token is built on Binance Smart Chain with a maximum supply of 1 billion tokens, 40% of which will be made available for public purchase. The presale is currently ongoing and the first CEX launch is set for March 31, 2023.
The company also plans to allocate 10% of the tokens for community staking, airdrops, and giveaways, and 5% for environmental and charitable initiatives. The platform provides an easy-to-use mobile application for all EV owners’ charging needs, from managing payments to tracking carbon credits and locating the nearest charging stations.
C+charge has the vision to create a sustainable ecosystem that encourages EV adoption and promotes environmental conservation. With the rate at which it is gaining user traction, C+Charge has the potential to become one of the best altcoins of the year, with its innovative approach of rewarding users with carbon credits for charging their cars
6. RobotEra (TARO)
RobotEra is a popular metaverse game that combines elements of Web3, such as NFTs and metaverses. Players take on the role of robots tasked with rebuilding a world destroyed by extraterrestrial forces.
The goal is to contribute to the growth and development of the planet Taro, where players can pick avatars, join one of seven robot factions, buy NFTs like land and other assets, and participate in various earning opportunities, like selling land or creating parks. The game is accessible for all, with no technical skills required and diverse ways to earn, making it an attractive option for players.
TARO, an ERC-20 token, powers transactions and exchanges within the platform, and can be used to buy and sell properties and earn from staking. The TARO token is currently available for presale and has raised over $770k from investors, with its current value of 0.02 USDT which will increase during the next phase of the presale. First-time investors can purchase TARO for less than a dollar before it makes it to crypto exchanges.
In this blog, we covered the top gainers for Sunday, as well as taking a look at some other projects that offer investors the chance to make outsized returns. While these are the suggestions for the day, inventors should do their due diligence before investing in any token.
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