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Choosing the right tokens to invest in can be daunting, especially given the plethora of options available. However, through in-depth research and a solid understanding of the fundamentals, it is essential to identify projects that align with your investment goals. Against this backdrop, four of the biggest gainers to watch in the market today — Space ID, Sei, Akash Network, and IoTeX — demonstrate impressive growth potential and embody the innovation and promise that makes investing an exciting venture.
Today’s Biggest Crypto Gainers – Top 4
A key indicator of a promising cryptocurrency project is its commitment to continuous innovation. In this regard, these top gainers have performed well. For example, Space ID is changing the Web3 sector by integrating its Web3 Name SDK into THENA’s Arena leaderboard, thereby increasing user engagement.
Likewise, Sei attracted over 800,000 new users in just one month, highlighting its growing appeal. In addition, Akash Network is disrupting cloud computing with record GPU utilization and rising user fees. Meanwhile, IoTeX made headlines with its ambitious DePIN incentive campaign, offering 100 million IOTX tokens.
1. Space ID (ID)
The first of the top gainers on our list today is Space ID, a key player in the Web3 space. SPACE ID aims to simplify digital identity management, providing a unique platform where users can seamlessly discover, register, trade, and manage Web3 domains. By incorporating versatile SDKs and APIs, SPACE ID allows developers to build Web3 identities that can run on multiple blockchains, enhancing accessibility and innovation.
The ID Token drives the development of the SPACE ID ecosystem. As the native token of the platform, it supports staking, governance, and payments. Staking ID Tokens can enjoy discounts on the SPACE ID domain NFT marketplace, providing users with the benefit of reduced fees. In addition, the governance function of the ID Token ensures a democratic approach, giving token holders a voice through the SPACE ID DAO. This decentralized structure is designed to foster a more active community and create long-term value for investors.
Recently, SPACE ID made headlines by integrating its Web3 Name SDK into THENA’s Arena leaderboard. This news may have boosted investor interest and may have had an impact on the ID token’s astonishing 10.17% gain in the past 24 hours. ID’s current price of $0.442102 is above the market cap of $0.3573, showing strong liquidity, adding to its appeal.
In terms of stability, ID is in a neutral position with a 14-day RSI of 48.18, indicating neither overbought nor oversold conditions. Impressively, it is 62.25% away from its 200-day SMA, showing a sustained upward momentum over the year. Despite the volatility, ID outperformed the top 100 cryptocurrencies by 49%, further solidifying its position as a promising investment project.
2. Sei (SEI)
The second biggest gainer on our list today is Sei, a project that has made a splash as the first Layer 1 blockchain optimized for trading. Sei focuses on decentralized exchanges (DEXes), providing DEXes with the high-speed, scalable infrastructure they need. These exchanges are essential for trading digital assets, non-fungible tokens (NFTs), and gaming items in the blockchain ecosystem, and Sei’s industry-specific design helps them complete transactions reliably.
Over the past month, Sei has attracted an impressive 808,000 new users on the EVM side, an increase of 34% from the previous month. This surge in adoption, along with the 1.7 million unique addresses that have transacted since the launch of the Sei EVM, highlights a strong, growing user base. This recent growth coincides with SEI's price action, which has gained 8.21% in the past 24 hours.
Sei’s liquidity also attracts investors. The market cap to volume ratio of 0.3791 shows that SEI maintains a high level of liquidity, which is crucial for a transaction-focused blockchain. In addition, the project’s 14-day RSI of 48.79 indicates that the coin remains neutral, suggesting that the price may continue to move sideways in the short term.
The stability of the price is another positive indicator, with a 30-day volatility of just 7%. Impressively, SEI has gained 260% over the past year, surpassing the 80% of the top 100 crypto assets. This strong performance makes Sei attractive to investors seeking innovative and high-potential projects.
3. FreeDum Fighters (DUM)
In just over a week, FreeDum Fighters has raised over $300,000 in funding, attracting attention from both sides of the political spectrum. This memecoin project cleverly combines the excitement of the US election with crypto fun. Participants can vote to decide which candidate will lead: MAGATRON, a mechanized version of former President Trump, or Kamacop 9000, representing Vice President Kamala Harris.
Currently, at this stage of fundraising, the price of $DUM is just $0.00006. However, this initial pricing will end in less than two days. The next round will see the price increase by 36.36% to $0.000075. So, time is running out for those who want to get their tokens early.
Among cryptocurrency enthusiasts, MAGATRON has gained notable support. Interestingly, while MAGATRON offers an annual percentage yield (APY) of 326.83%, Kamacop 9000 boasts an impressive APY of 1,378%. Despite this, pre-sale investors of 75% still support MAGATRON. Kamacop 9000 supporters can still join the discussion by participating in the debate on social media. Participating in these discussions can earn them an additional $DUM token.
Demand for $DUM reflects the thriving memecoin industry, which now has a market cap of $780 million. FreeDum Fighters offers politically engaged crypto fans a fun way to show where they stand. Whether you’re a MAGA lover or a Harris supporter, $DUM allows everyone to get involved in this exciting election season. So connect your wallet, grab your tokens, and take advantage of the price hike!
4. Akash Network (AKT)
As the third gainer today, Akash Network is making waves in the cloud computing space. Recent data shows a record GPU utilization of 68%, the highest of any computing network (decentralized or centralized). In addition, Akash has seen a staggering 17,00% growth in user fees year-over-year.
Akash Network provides a decentralized open-source cloud computing market. By leveraging blockchain technology, it provides speed, efficiency, and economy, disrupting traditional cloud service providers. Notably, Akash's native token AKT supports transactions, staking, and governance in its ecosystem. This setup not only improves functionality, but also ensures that every transaction is verifiable and on-chain.
For security, Akash combines Delegated Proof of Stake (DPoS) with strong cryptography and fully auditable smart contracts. This transparency, along with features like Infrastructure as Code (IaC) and Kubernetes support, makes Akash very attractive to developers who need scalable, code-driven solutions.
Now, turning to the recent price action, Akash’s strong fundamentals have driven the price up to 7.46% in the past 24 hours. Furthermore, the coin is trading significantly above its 200-day SMA, while the Relative Strength Index (RSI) of 57.04 indicates its stability.
In the long term, Akash's community-driven growth and upcoming roadmap bode well for continued expansion. High liquidity, low volatility, and impressive growth of 1,40% over the past year further solidify AKT's appeal, making it a compelling choice for forward-thinking investors in the market.
5. IoTeX (IOTX)
The final gainer on today’s list is IoTeX, a project that is changing the decentralized physical infrastructure network (DePIN) space. Excitingly, the largest DePIN incentive campaign ever launched in partnership with @okxweb3, offering 100 million IOTX tokens! This excitement has driven IOTX’s impressive gain of 6.73% in the past 24 hours, reflecting the increased market interest.
IoTeX is unique in its modular infrastructure, which provides a set of tools for creating decentralized, interoperable DePIN projects. It has internal DePIN Infrastructure Modules (DIMs) and contributions from third-party partners, enabling developers to innovate quickly and reduce costs.
The core of this ecosystem is the $IOTX token. It supports the infrastructure while balancing burn and inflation mechanisms to maintain a stable supply. This strategic token economics aims to unlock trillions of dollars in on-chain value by onboarding 100 million devices in the next 3-5 years, perfectly aligning with IoTeX’s mission of “DePIN for Everyone”.
Furthermore, at a price of $0.042739, IoTeX is growing with a market cap to volume ratio of 0.0581, indicating that there is plenty of action and interest in this cryptocurrency space! Additionally, the 14-day RSI is at 62.63, indicating a neutral position, perfect for investors who are keeping a close eye on the market.
Looking back over the past 30 days, IoTeX has seen 14 days of gains, showing a healthy trading trend that keeps investors optimistic. Even more impressive is that its price has risen by 89% in the past year! This is no small feat. In fact, IoTeX has surpassed 53% among the top 100 crypto assets, proving its worth in a competitive market.
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