Even though 2023 has only been three months old, the financial industry has already experienced several momentous occurrences, the repercussions of which have already reached the crypto market. The values of all of our top-performing cryptocurrencies today have been affected by these developments.
Three of the country’s largest « crypto-friendly » banks went down in a series of events that led investors to resort to cryptocurrencies as a haven. With 72% year-to-date gains when compared to Nasdaq, S&P 500, and Gold, Bitcoin (BTC) has been deemed the best performing in the first quarter of 2023.
Despite the fact that the crypto market is still optimistic and that the Crypto Fear and Greed Index is now in the « Greed » zone, growing regulatory crackdowns throughout the world, notably in the United States, raise fears and uncertainty about the industry’s future.
Investors must consequently use extreme caution when deciding which cryptocurrencies to buy. Today, our committed market analysis team at InsideBitcoins has compiled a list of the six largest crypto gainers based on a number of critical elements crucial to the broader crypto and Web3 industry, including as price movement, essential usefulness, growth potential, and presale success.
Today’s largest crypto gainers
Dogecoin (DOGE): Elon Musk Increases its Price to $0.1
The largest cryptocurrency gainer of the day is Dogecoin, which has increased by 26.7% in the previous 24 hours to trade at $0.0982. Elon Musk’s decision to replace the Twitter logo with a Doge boosted the price of the dog-themed currency by as much as 33.97% on Monday, taking it from the day’s opening price of $0.0959 to the four-month high of almost $0.105.
According to CoinMarketCap’s rating, Dogecoin has increased its market valuation by $2 billion to $13.7 billion, ousting Cardano (ADA) from the seventh spot. The 24-hour trading volume for DOGE has surged by 800% to $5.43 billion, demonstrating the growing interest among investors in trading the coin.
As can be seen on the daily chart below, at the time of publication, Dogecoin was encountering immediate opposition from the psychological level of $0.1. The main competitor of Shiba Inu would climb to meet resistance from the high of yesterday at $0.1048 if a daily candlestick rose above this level.
The next obvious move after breaking over this resistance would be the $0.1118 range high and then the $0.12 supply level, representing a 21.47% rise from the current price.
TradingView Chart: DOGE/USD
The heading Average Convergence Divergence (MACD) indicator was heading upward in the favorable area and the price was sitting above all of the main moving averages. The moving averages were also pointing upward, showing that buyers were in charge of DOGE.
The Relative Strength Index (RSI), as shown rising on the daily chart below, also contributed to Dogecoin’s robust ascent.The price strength at 72 indicated that DOGE was firmly in the hands of purchasers since this trend-following indicator had entered the overbought zone.
If investors opt to take gains on the recent run, cryptocurrency might decline from its present levels. In the event that this occurs, the subsequent selling pressure may push DOGE in the direction of the psychological level of $0.0900 before driving it back into the boundaries of the rising parallel channel.
Market players can anticipate that Dogecoin price would remain in the chart pattern for a while before making a comeback.
Bulls Eye A Return To $1.8 for THORChain (RUNE)
The price of THORChain (RUNE), one of our top-performing cryptocurrencies on Tuesday, was hovering at $1.54, up 7.1% on the day. Over the past several days, the DEX token has increased 15%.
At $1.56, RUNE was up against opposition from the 100-say SMA. The THORChain price would increase if a daily candlestick closed above this level, first above $1.7 and then approaching the significant supply zone at $1.8. This would represent an increase of 15%.
Traders could anticipate that at this point, RUNE’s upside will be limited. If not, additional demand pressure can cause the cryptocurrency to cross this limit and revert to $1.2.
TradingView Chart: RUNE/USD
The THORChain gained strong support on the downside, which supported the bullish argument. Keep in mind that the 50-day and 200-day SMAs for this cryptocurrency converged near $1.50, providing solid support. Lower than that, the $1.4 level represented a significant demand area that would serve as a bulls’ likely resting place.
The RSI’s rising trend in the favorable area added credence to RUNE’s upbeat story. As shown by its value of 58, there were more buyers than sellers in the market who were eager to drive the price up.
In the other direction, RUNE’s price might drop from its present level toward $1.50. A breach of this level will send the cryptocurrency free-falling below $1.4 and toward the swing low below $1.20 set on March 11.
Love Hate Inu ($LHINU): An Innovative Vote-to-Earn Cryptocurrency
Love Hate Inu’s native token, $LHINU, has also made it onto our list of today’s greatest cryptocurrency gainers.
With the use of blockchain technology and the groundbreaking Love Hate Inu project, the first decentralized vote-to-earn (V2E) platform has been created in the world.
This project aims to upend the $6.8 billion polling and survey market by enabling users to stake and vote on various topics in exchange for its native currency, $LHINU.
The presale period for the LHINU token is now underway, with a weekly increase in token price. One distinguishing feature of this project is that 90% of the 100 billion tokens that make up its total supply will be sold during the presale period, shielding it against instances known as « rug pulls », in which project creators hold onto a significant portion of the tokens only to dump them after the project is listed on exchanges.
To support token listings on exchanges, community incentives, and liquidity, the Love Hate Inu team will only keep 10% of the tokens.
As of the time of publication, each LHINU token costs $0.000095. The price for each LHINU token will rise to $0.000105 in stage 4 if stage 3 is sold out in six days.
In just a few weeks following its launch, Love Hate Inu generated more than $2.8 million thanks to fervent investors.
DeeLance (DLANCE) — Freelance Recruitment System Powered by Blockchain
People may work from home and make a decent living thanks to traditional freelancing sites. These, however, also have negatives, such as astronomical fees, tardy payments, and poor acceptance rates.
The market for recruiting and human resources (HR) services worldwide is estimated to be worth a staggering $761 billion by IBISWorld.
But when it comes to using the right resources to accomplish their goals, hiring continues to be one of the most time-consuming and difficult procedures for firms.
DeeLance ($DLANCE) is here to update and disrupt the freelancing sector. Deelance uses the power of Web3 to offer advantages like low rates, prompt payouts, and transparency in contrast to traditional freelancing markets like Upwork, Outsourcely, Flex Jobs, Fiverr, Freelancer, and others.
Thanks to DeeLance’s utilization of blockchain technology, hiring the best candidates for every position will be easier, quicker, and less expensive than before.
As of this writing, investors may purchase $DLANCE in the first presale stage, which is presently taking place, for $0.025 each.
DeeLance, while being in its initial stages of growth, is one of the largest cryptocurrency gainers right now thanks to investor contributions totaling over $42,000. The price will rise to $0.27 at the end of stage 2 in just 5 days.
Real estate fractional ownership is being introduced by Metropoly (METRO)
Real estate in the twenty-first century shows that the common investor cannot access it.
It has been harder for average investors to enter the market without taking out sizable loans or giving up completely on the goal of ownership as a result of the growing costs of homes and land over the years.
This is why initiatives like Metropoly are so crucial. Regardless of socioeconomic position or region, the project makes real estate investing accessible to everyone. With Metropoly, you may be the owner of real estate from anywhere in the world.
In order to do this, Metropoly makes use of the tremendous possibilities offered by fractional NFT real estate investing. Investors may own a little bit of a piece of real estate with the aid of this innovative ownership arrangement. With investments starting at only $100, you may enjoy all the rewards of becoming an investor.
Pre-sale purchases of $METRO may be made with ETH, USDT, or BNB at the time of publication for $0.0769 per token.
The cryptocurrency-based real estate firm has raised more than $1.12 million from investors so far.
Ecoterra ($ECOTERRA): The New Cryptocurrency for Climate Change
Ecoterra’s native token, $ECOTERRA, completes our list of the top cryptocurrency gainers for April 4.
Ecoterra is a cutting-edge Recycle-to-Earn (R2E) idea that compensates consumers for recycling and encourages the activities they take to mitigate climate change.
With Ecoterra, everyone on the earth has the chance to take part in the battle against climate change and earn cryptocurrency in the process.
Users of the ground-breaking project may scan any goods and register it as recyclable material to earn $ECOTERRA on its website.
The platform is made up of four main parts: the Recycle2Earn app, a market for recycled goods, a trading platform for carbon offsets, and a profile that keeps track of and logs user activities’ environmental effects.
The $ECOTERRA token, which will be the main transaction and reward currency for the ecosystem, had its presale launch last week.
The price of the $ECOTERRA token is presently $0.04, with succeeding phases of the presale witnessing price hikes.
The digital asset has attracted significant investor interest after raising more than $50,000 in less than a week.
