Top Crypto Gainers Today Aug 13 – Saga Protocol, Convex Finance, Echelon Prime, Siacoin

In
the
past
24
hours,
the
cryptocurrency
market
traded
$386.14
billion,
yet
the
mood
remains
cautious.
With
the
Fear
&
Greed
Index
at
31,
fear
is
palpable
among
investors,
casting
a
shadow
over
the
market.
Although
the
majority
of
cryptocurrencies,
81%,
have
lost
value,
a
glimmer
of
hope
persists
as
19%
managed
to
post
gains.
This
stark
contrast
reveals
a
market
grappling
with
uncertainty
yet
hinting
at
pockets
of
resilience. 

Biggest
Crypto
Gainers
Today
–
Top
List

Despite
the
prevailing
market
volatility,
a
select
number
of

top
gainers

are
demonstrating
substantial
gains.
Saga
Protocol
leads
with
an
impressive
27%
surge,
driven
by
its
transformative
liquidity
integration.
Following
closely,
Convex
Finance
is
up
8.72%,
thanks
to
its
enhanced
rewards
system.
Echelon
Prime
also
makes
a
notable
impact
with
an
8.23%
increase,
strengthening
its
position
in
the
Web3
gaming
sector.
Siacoin
contributes
to
the
positive
momentum
with
a
4.17%
rise,
supported
by
its
innovative
decentralized
cloud
storage.
Without
further
ado,
let’s
delve
into
a
comprehensive
analysis
to
examine
their
overall
market
performance.

1.

Saga
Protocol
(SAGA)

Saga
tackles
liquidity
fragmentation,
a
common
problem
with
the
rise
of
multiple
blockchain
chains
and
technologies.
Traditional
solutions
like
bridges
and
aggregators
often
require
complex,
manual
setups,
creating
a
challenging
user
and
developer
experience.
However,
Saga’s
Layer
1
protocol
introduces
a
streamlined
approach
through
its
Liquidity
Integration
Layer
(LIL).
Consequently,
LIL
automatically
links
new
chainlets
to
a
unified
liquidity
network,
effectively
addressing
liquidity
fragmentation
and
ensuring
smooth
cross-chain
interactions.

Its
LIL
features
four
key
innovations.
First,
it
automates
bridge
deployment,
integrating
bridge
relayers
into
validators
to
simplify
connectivity.
Next,
it
establishes
automatic
liquidity
routes,
creating
a
central
hub
for
all
chainlets.
Additionally,
packet
forwarding
is
automated,
allowing
seamless
multi-hop
transactions.
Finally,
cross-chain
execution
is
handled
automatically,
enabling
transactions
across
different
chains
without
manual
intervention.
These
innovations
ensure
a
scalable,
user-friendly
experience,
enhancing
composability
within
the
Saga
ecosystem.

Today
we
are
introducing
Saga’s
Liquidity
Integration
Layer
(LIL)
–
a
groundbreaking
solution
to
tackle
liquidity
fragmentation
in
the
blockchain
space.
Here’s
what
you
need
to
know:
????????https://t.co/hH22YXcrc6

pic.twitter.com/A62ikbIAQv

—
Saga
⛋
(@Sagaxyz__)

August
12,
2024

In
sync
with
this
innovative
project,
Saga’s
price
soared
by
27.19%
in
the
last
24
hours,
bringing
it
to
$1.59.
This
remarkable
leap
is
backed
by
strong
liquidity,
with
a
5.9461
volume-to-market
cap
ratio,
putting
Saga
in
a
league
above
many
others.
Over
the
past
30
days,
it
enjoyed
17
green
days,
or
57%
of
the
time,
showing
a
resilient
upward
trend.
Interestingly,
despite
such
movement,
the
30-day
volatility
sits
at
a
calm
15%,
signaling
that
Saga’s
climb
might
be
more
steady
than
speculative.
If
this
momentum
continues,
Saga
could
be
carving
out
a
more
stable
path
forward
than
its
more
volatile
peers.

2.

Convex
Finance
(CVX)

Convex
Finance
enhances
rewards
for
liquidity
providers
on
Curve
without
requiring
direct
staking
on
Curve.
Instead,
users
can
stake
their
CRV
tokens
with
Convex
to
receive
cvxCRV
and
boosted
rewards.
This
allows
Convex
to
accumulate
a
large
share
of
Curve’s
CRV
tokens
and
veCRV.
This,
in
turn,
boosts
its
influence
in
the
“Curve
wars,”
a
competition
to
control
Curve
Finance,
the
largest
DEX
by
total
value
locked
(TVL).
As
a
result,
by
aggregating
liquidity,
Convex
increases
user
rewards
and
strengthens
its
market
position.

Security-wise,
it
is
audited
by
MixBytes,
confirming
its
protocol’s
integrity.
Its
treasury
is
protected
by
a
3-of-5
multisig
wallet
with
key
DeFi
stakeholders
like
Convex,
Curve,
Votium,
and
Frax
Finance.
Thus
providing
a
strong
safeguard
against
unauthorized
transactions
and
enhancing
overall
security.

Locking

$CRV
has
been
off
the
charts
lately,
so
much
so
that
even
getting
this
animation
done
in
time
has
been
challenging.
regardless,
here
it
is
for
your
viewing
pleasure.
400m

$CRV
locked
in
Convex
Finance!

pic.twitter.com/HMPRfs7CMC

—
Convex
Finance
(@ConvexFinance)

August
8,
2024

CVX
has
experienced
an
8.72%
increase
in
price,
reaching
$2.52.
However,
despite
this
notable
rise,
its
liquidity,
with
a
0.1606
volume-to-market
cap
ratio,
does
not
match
Saga’s
strength.
Furthermore,
the
14-day
RSI
at
48.22
indicates
that
CVX
is
cooling
off
and
could
move
sideways.
It
appears
less
dynamic,
with
only
12
green
days
out
of
the
last
30
and
a
relatively
low
12%
volatility
than
some
of
its
counterparts.
Moreover,
it
is
trading
30.12%
below
its
200-day
SMA,
which
reflects
a
bearish
trend.
Over
the
past
year,
CVX
has
underperformed,
with
a
19%
price
drop,
suggesting
potential
further
challenges
unless
it
manages
to
overcome
its
resistance
levels.

3.

Shiba
Shootout
(SHIBASHOOT)

Shiba
Shootout

is
a
meme
coin
project
nearing
a
major
milestone
in
its
presale,
having
raised
$933,841.26
out
of
a
$1,699,291
goal.
Currently,
the
token
is
priced
at
$0.0199,
and
its
value
is
expected
to
increase
after
the
presale
ends.
This
anticipated
rise
is
fueled
by
the
success
of
its
Wild
West-themed
P2E
game,
launched
in
April
2024.
In
this
game,
players
earn
tokens
through
engaging
digital
gun
battles.
The
game’s
positive
reception
is
seen
by
strong
reviews
and
its
availability
on
Google
Play
and
the
Apple
App
Store.

The
Shiba
Shootout
project
offers
engaging
features,
such
as
the
‘Posse
Rewards’
referral
program
and
‘Campfire
Stories’
for
sharing
experiences.
Additionally,
‘Governance
Roundups’
allow
voting
on
project
decisions,
and
the
‘Lucky
Lasso
Lottery’
provides
chances
for
crypto
prizes.
Moreover,
the
‘Cactus
Staking’
feature
lets
users
visually
track
their
growing
rewards.

????
Ready
for
the
$SHIBASHOOT
presale?
????

1️⃣
Get
a
crypto
wallet
2️⃣
Visit
our
website’s
presale
section
3️⃣
Connect
your
wallet
4️⃣
Swap
your
crypto
for
$SHIBASHOOT
tokens

????
Detailed
info
&
schedule
on
our
site.
Don’t
miss
out
on
this
digital
duel!
????https://t.co/Fxf9PWP0gz

pic.twitter.com/Gm5lJfFP8s

—
shibashootout
(@shibashootout)

August
11,
2024

In
terms
of
token
allocation,
35%
of
the


$SHIBASHOOT

supply
is
dedicated
to
the
presale,
with
an
additional
20%
reserved
for
staking
and
5%
for
the
“Rootin’
Tootin’
Shooter
Fund”.
The
project
also
earmarks
20%
for
marketing
and
10%
each
for
project
funds
and
liquidity.
Prospective
buyers
are
encouraged
to
act
quickly
as
the
presale
nears
its
end,
with
less
than
24
hours
remaining.
Investors
can
join
the
presale
by
connecting
their
wallets
and
purchasing
tokens
using
ETH,
USDT,
or
BNB.

Visit
Shiba
Shootout
Presale

4.

Echelon
Prime
(PRIME)

Echelon
Prime
is
the
native
token
of
the
Echelon
Prime
Foundation,
a
Web3
platform
focused
on
next-generation
gaming.
Developed
by
Eclat
World,
this
platform
merges
decentralized
finance
with
cutting-edge
gaming
innovation.
At
its
core,
PRIME
is
integrated
into
Parallel,
a
sci-fi
trading
card
game,
illustrating
its
practical
role
in
the
new
gaming
economy.
Echelon
Prime’s
mission
is
to
craft
tools
that
drive
the
evolution
of
gaming
models
and
expand
digital
economies.

The
system
is
secured
with
a
solid
multi-layered
approach.
It
integrates
with
Ledger
hardware
wallets,
protecting
PRIME
tokens
from
unauthorized
access.
Beyond
this,
the
platform
enforces
stringent
security
protocols
and
staking
requirements,
which
deter
malicious
actors.
Additionally,
constant
monitoring
allows
for
quick
detection
and
response
to
potential
threats.

Happy
to
see
Echelon’s
Tournaments
app
getting
rave
reviews
during
the

@ParallelTCG
Parallel
League
Kickoff
Invitational!

More
to
come.

https://t.co/LDRmG95J9S

pic.twitter.com/2R5u8fBHMV

—
Echelon
(@EchelonFND)

August
11,
2024

PRIME
has
surged
by
8.23%,
now
trading
at
$6.21,
showcasing
a
similar
upward
thrust
to
CVX,
yet
its
journey
seems
more
potent.
Although
it
has
medium
liquidity,
with
a
0.0140
volume-to-market
cap
ratio,
PRIME’s
14-day
RSI
of
65.68
signals
that
it’s
nearing
overbought
territory,
which
might
lead
to
some
sideways
action
soon.
Despite
having
only
12
green
days
in
the
last
month,
like
CVX,
PRIME’s
16%
volatility
suggests
a
balanced
performance.
Impressively,
it
is
trading
50.39%
above
its
200-day
SMA
and
has
seen
a
144%
increase
over
the
past
year,
besting
a
significant
portion
of
the
market.
If
this
trend
holds,
PRIME
could
solidify
its
position
as
a
formidable
contender
in
the
space.

5.
Siacoin
(SC)

Siacoin
powers
Sia,
an
innovative
decentralized
cloud
storage
platform.
On
Sia,
users
lease
their
unused
storage
space
in
a
secure
and
trustless
environment.
Transactions
and
agreements
are
managed
by
smart
contracts,
with
Siacoin
used
as
the
payment
method.
By
offering
competitive
rates
compared
to
giants
like
Amazon
and
Google,
Sia
aims
to
disrupt
the
traditional
cloud
storage
market.

To
ensure
network
security,
Sia
uses
a
proof-of-work
consensus
algorithm.
Files
are
split
into
30
encrypted
segments
and
distributed
worldwide,
providing
redundancy
and
protecting
data.
This
approach
safeguards
against
data
loss,
except
in
extreme
scenarios
like
major
disasters.
Additionally,
hosts
lock
SC
as
collateral,
which
helps
prevent
malicious
activities.
These
security
measures
make
Sia
a
reliable
and
robust
storage
solution.

We’re
excited
to
announce
the
release
of
hostd
v1.1.2!
This
update
includes
improvements
to
pricing
configuration
and
minor
bug
fixes
for
the
wallet.
Updating
is
optional,
but
recommended
to
take
advantage
of
the
usability
improvements.#DePin

#Sia

pic.twitter.com/KpZAzpLbRi

—
Sia
Foundation
(@Sia__Foundation)

July
12,
2024

Examining
the
market
performance,
SC
experienced
a
notable
boost
of
4.17%,
nudging
its
price
up
to
$0.004506.
Its
liquidity,
marked
by
a
0.0422
volume-to-market
cap
ratio,
is
better
than
PRIME’s,
hinting
at
solid
backing.
The
14-day
RSI
of
43.26
suggests
SC
might
continue
to
trade
sideways,
mirroring
its
stable
8%
volatility.
With
14
green
days
out
of
the
last
30,
SC
sits
between
Saga
and
CVX
regarding
positive
performance.
However,
it’s
trading
41.18%
below
its
200-day
SMA,
indicating
it
might
still
be
struggling
to
regain
lost
ground.
Yet,
with
a
29%
increase
over
the
last
year,
SC
shows
it
has
potential,
though
it
may
need
a
stronger
push
to
outperform
other
top
gainers.

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