Top Crypto Gainers Today Aug 09 – Injective, Ethereum, Stacks, Nexo

Today’s
crypto
market
is
experiencing
a
strong
rally,
driven
by
positive
U.S.
economic
data
and
gains
in
American
stocks.
Specifically,
Bitcoin
has
surged
to
over
$62,000,
marking
an
impressive
8%
jump
in
just
24
hours.
Meanwhile,
Ethereum
is
riding
high
too,
climbing
10%
to
hit
$2,690.
Additionally,
Solana
has
joined
the
party,
rising
to
$158,
a
solid
2.3%
increase. 

This
surge
is
a
welcome
change
from
the
recent
slump
driven
by
recession
worries
and
a
stronger
Japanese
yen.
However,
with
investor
sentiment
now
lifting
thanks
to
a


drop
in
unemployment
benefit
claims,
the
market
is
experiencing
a
broad
and
enthusiastic
rebound. 

Biggest
Crypto
Gainers
Today
–
Top
List

In
the
midst
of
this
exciting
market
rebound,
today’s

top
crypto
gainers

are
standing
out
with
impressive
performances.
Injective
has
surged
by
12.01%,
reaching
$17.71,
thanks
to
its
robust
DeFi
infrastructure
and
high
liquidity.
Ethereum
is
also
making
waves
with
a
significant
10.45%
increase,
now
trading
at
$2,690.
Stacks
has
climbed
10.80%
to
$1.53,
benefiting
from
its
unique
integration
with
Bitcoin,
while
Nexo
has
seen
an
8.97%
rise
to
$1.095748.
This
surge
in
key
cryptocurrencies
highlights
the
dynamic
shifts
in
the
market
and
reveals
potential
opportunities
for
savvy
investors.

1.

Injective
(INJ)

Injective
is
crafted
for
finance,
powering
advanced
DeFi
applications.
It
delivers
a
decentralized
infrastructure
for
spot
and
derivatives
exchanges,
prediction
markets,
and
lending
protocols.
By
providing
a
decentralized,
MEV-resistant
on-chain
order
book,
it
supports
diverse
financial
markets.
Moreover,
its
cross-chain
bridging
connects
Ethereum,
IBC-enabled
blockchains,
and
non-EVM
chains
like
Solana.
Consequently,
Injective
offers
seamless
interoperability
and
functionality
for
a
wide
range
of
financial
activities.

Additionally,
Injective
utilizes
CosmWasm
and
the
Cosmos
SDK
to
enable
high-speed
transactions
with
Tendermint-based
Proof-of-Stake
consensus.
This
architecture
supports
over
100
projects
and
a
global
community
of
150,000
members.
Recently,
Utila
integrated
Injective,
enhancing
digital
asset
management.
This
update
allows
for
effortless
transfers,
a
unified
view
of
INJ
and
IBC
tokens,
and
robust
governance.
Furthermore,
Utila
offers
automated
workflows
and
simplified
exchange
integration.
Thus,
Injective
remains
a
leader
in
innovation,
streamlining
financial
processes
in
the
DeFi
space.

Leading
institutional
MPC
wallet,
Utila,
has
natively
integrated
Injective
after
having
processed
over
$3
Billion
in
asset
transfers
to
date.

Utila
also
offers
asset
tokenization
capabilities
for
institutions
to
seamlessly
onboard
and
manage
new
RWA
offerings
on
Injective
????

pic.twitter.com/M168hrtdRC

—
Injective
????
(@injective)

August
8,
2024

Currently,
INJ
is
experiencing
a
notable
12.01%
surge
in
the
last
24
hours,
bringing
its
price
to
$17.71.
It
boasts
strong
liquidity
with
a
volume-to-market
cap
ratio
of
0.2672.
However,
with
a
14-day
RSI
of
79.76,
it
appears
overbought,
hinting
at
a
possible
pullback.
Despite
this,
INJ
is
performing
well,
trading
60.51%
above
its
200-day
SMA
and
showing
a
132%
increase
over
the
past
year.
Although
it
has
outpaced
73%
of
the
top
100
crypto
assets,
it
still
trails
behind
STX
in
recent
one-year
gains.

2.

Ethereum
(ETH)

Ethereum
is
a
decentralized,
open-source
blockchain
platform
designed
for
DApps
and
smart
contracts.
Unlike
Bitcoin,
which
primarily
serves
as
digital
money,
Ethereum
enables
developers
to
create
and
deploy
applications.
It
uses
smart
contracts—self-executing
agreements
coded
into
the
blockchain.
These
contracts
automate
terms,
eliminate
intermediaries,
and
reduce
errors.

One
audit
competition
to
rule
them
all
????

Immunefi,
in
collaboration
with
the

@Ethereum
Foundation,
presents
the
first-ever
Attackathon
to
enhance
Ethereum’s
protocol
security.
????

Become
a
sponsor
and
help
make
history
✨
1/4#EFxImmunefi

pic.twitter.com/m1HtH6G2r0

—
Immunefi
(@immunefi)

July
8,
2024

Furthermore,
Ethereum’s
blockchain
acts
as
a
“world
computer”
on
a
distributed
network
of
nodes.
Each
node
keeps
a
complete
copy
and
runs
smart
contracts,
ensuring
no
single
entity
controls
the
system.
The
Ethereum
Virtual
Machine
(EVM)
uses
Solidity,
a
Turing-complete
language,
to
support
complex
programming.
Consequently,
it
facilitates
a
wide
range
of
applications,
from
financial
tools
to
games.
Additionally,
ETH,
Ethereum’s
native
cryptocurrency,
covers
transaction
fees
and
services,
boosting
Ethereum’s
functionality
in
the
blockchain
ecosystem.

Ethereum,
currently
priced
at
$2,690.06,
has
surged
by
an
impressive
10.45%
in
just
the
last
24
hours.
With
a
strong
volume-to-market
cap
ratio
of
0.1191,
it
continues
to
showcase
high
liquidity
and
vibrant
market
activity.
However,
its
14-day
RSI
of
38.20
shows
a
neutral
market
sentiment,
hinting
at
potential
sideways
trading.
Unlike
Injective
and
Stacks,
ETH
is
trading
below
its
200-day
SMA
by
14.63%,
reflecting
a
recent
dip.
Yet,
its
45%
annual
growth
and
53%
positive
trading
days
in
the
last
month
show
that
ETH
is
still
holding
its
ground,
outpacing
52%
of
top
crypto
assets.

3.

Pepe
Unchained
(PEPU)

Pepe
Unchained

is
shaking
up
the
crypto
world
with
its
innovative
meme
coin
approach.
As
the
first
meme
coin
Layer
2
solution
on
Ethereum,
it
tackles
the
high
gas
fees
and
slow
transaction
speeds
that
have
plagued
its
predecessors.
Operating
as
an
independent
blockchain
with
a
unique
consensus
mechanism,
Pepe
Unchained
delivers
significantly
lower
costs
and
transaction
speeds
up
to
100
times
faster
than
Ethereum.

Moreover,
Pepe
Unchained
isn’t
just
about
speed.
Its
Layer
2
solution
also
boosts
interoperability.
The
project
is
set
to
integrate
with
various
Ethereum
Layer
2
networks,
thanks
to
upcoming
improvements
like
EIP-7683.
Consequently,
$PEPU
holders
will
enjoy
easier
asset
exchanges
and
broader
opportunities
across
different
Layer
2
solutions.
This
enhanced
integration
will
attract
developers,
further
expanding
$PEPU’s
ecosystem
and
reach.

The
Breaker
of
Chains
did
it
again!

$7.5M
raised!
????⛓️

pic.twitter.com/ygR2ivQhtl

—
Pepe
Unchained
(@pepe_unchained)

August
7,
2024

Investors
are
eagerly
embracing
Pepe
Unchained,
with
the
presale
already
surpassing
$7.6
million
and
continuing
to
gain
momentum.
Priced
at
$0.00894610,
$PEPU
offers
an
impressive
annual
percentage
yield
(APY)
of
256%
for
staking.
With
its
smart
contract
passing
rigorous
audits,
the
project
promises
security
and
reliability.
For
those
seeking
to
capitalize
on
the
meme
coin
trend,


Pepe
Unchained

presents
a
compelling
opportunity
with
its
cutting-edge
features
and
strong
growth
potential.

Visit

Pepe
Unchained

Presale

4.

Stacks
(STX)

Stacks
is
a
Bitcoin
Layer
that
enables
smart
contracts
and
decentralized
apps
to
settle
directly
on
the
Bitcoin
blockchain.
This
integration,
importantly,
unlocks
$500
billion
in
Bitcoin
capital,
fully
leveraging
the
strength
and
security
of
the
Bitcoin
L1
for
Dapps.
Notably,
it’s
a
powerful
tool
for
decentralized
apps,
unique
in
its
ability
to
power
atomic
BTC
swaps
and
support
assets
owned
by
BTC
addresses.

Thanks
to
its
Proof
of
Transfer
and
the
Clarity
language,
Stacks
can
consistently
read
from
the
Bitcoin
state.
Moreover,
it
automatically
hashes
and
settles
all
transactions
on
Bitcoin
Layer
1
(L1),
securing
its
blocks
with
100%
of
Bitcoin’s
hashpower.
Therefore,
any
attempt
to
reorder
Stacks
blocks
would
require
a
reorganization
of
the
entire
Bitcoin
blockchain,
making
such
attacks
extremely
difficult.
Additionally,
Stacks
combines
Bitcoin’s
Proof
of
Work
with
its
own
Proof
of
Transfer
for
unparalleled
security.
Users
transfer
BTC
to
mine
STX,
further
safeguarding
the
network.

Did
you
know
that
Stacks
is
the
leading
Bitcoin
L2
in
developer
activity?
????

Hundreds
of
developers
are
building
on
Stacks
to
activate
the
Bitcoin
economy.

Are
you
one
of
these
developers?
Make
sure
to
code,
commit,
and
earn
from
a
10,000
STX
prize
pool.
Join
below
????
1/2

pic.twitter.com/U93Hd620bh

—
stacks.btc
(@Stacks)

August
8,
2024

In
the
past
24
hours,
Stacks
has
seen
a
significant
price
increase,
climbing
10.80%
to
$1.53.
Although
its
liquidity
is
high,
it
doesn’t
quite
match
Injective,
with
a
volume-to-market
cap
ratio
of
0.1145.
Unlike
INJ,
STX
isn’t
overbought,
with
an
RSI
of
37.18,
signaling
a
more
neutral
market
stance.
Impressively,
it’s
trading
57.50%
above
its
200-day
SMA
and
has
achieved
a
remarkable
162%
price
increase
in
the
last
year,
even
outpacing
Injective
in
long-term
gains.
STX’s
consistent
performance,
with
14
green
days
out
of
30,
showcases
its
steady
climb.

5.
Nexo
(NEXO)

Nexo
is
a
top
digital
assets
institution
that
maximizes
digital
asset
value
with
advanced
trading
solutions.
It
offers
liquidity
aggregation,
tax-efficient
credit
lines,
and
the
NEXO
Token,
an
ERC-20
Ethereum-based
token.
This
token
provides
access
to
Nexo’s
Loyalty
Program
and
benefits
like
preferential
rates
and
cash-back.

It
stands
out
with
its
Instant
Crypto
Credit
Lines,
which
offer
loans
in
over
40
fiat
currencies
or
stablecoins
using
digital
assets
as
collateral.
Additionally,
it
provides
daily
payouts,
compounding
interest,
and
flexible
yields
with
no
fees.
Users
can
swap
interest-earning
cryptocurrencies
for
better
assets.
Nexo
also
offers
futures
trading
with
up
to
50x
leverage
and
the
Nexo
Card,
which
allows
spending
fiat
value
from
crypto
holdings.
For
institutional
clients,
Nexo
Prime
offers
a
complete
platform
for
trading,
borrowing,
and
secure
storage.
Nexo
maintains
high
security
with
ISO
certifications,
2FA
login,
and
a
strict
over-collateralized
policy.

Send

#crypto
to
friends
in
seconds
–
anytime,
anywhere.

It’s
as
easy
as
sending
a
GM.
All
you
need
is
a
phone
number
or
email:

????
Completely
free
????
Import
phone
numbers
from
contacts
????
Send
to
anyone,
even
folks
without
a
Nexo
account
????
Your
buddy
starts
earning
immediately

pic.twitter.com/9K9FK4LNYa

—
Nexo
(@Nexo)

August
8,
2024

Nexo
has
surged
by
8.97%,
raising
its
price
to
$1.095748.
This
uptick
places
it
in
a
solid
position,
with
medium
liquidity
and
a
0.0109
volume-to-market
cap
ratio.
The
14-day
RSI
stands
at
46.19,
reflecting
a
neutral
stance
comparable
to
top
gainers

like
Ethereum
and
Stacks.
Notably,
its
price
is
17.70%
above
its
200-day
SMA,
indicating
strong
support,
and
it
has
soared
by
71%
over
the
past
year.

Moreover,
Nexo
has
demonstrated
steady
performance
with
50%
green
days
in
the
last
30.
This
consistency
outpaces
62%
of
the
top
100
crypto
assets,
making
it
a
reliable
player.
However,
while
Nexo
remains
a
solid
contender,
it
hasn’t
been
as
explosive
as
Stacks
or
Injective
in
recent
gains.

Read
More