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Top Crypto Gainers Today Mar 14 – PancakeSwap, KuCoin Token, Helium, Flare

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Since the start of the year, Dogwifhat has emerged as the top-performing coin, gaining an impressive 1,755.46%. Conversely, FTX Token experienced the most significant decline, losing -26.70% of its value. Today, four notable coins have secured positions among the top gainers, warranting closer examination. Before delving into their performance, let’s first assess the current state of the market.

In the past 24 hours, the cryptocurrency market recorded a total trading volume of $ 481.95B. The market sentiment remains bullish, with the Fear & Greed Index indicating extreme greed at 88. Notably, PancakeSwap, KuCoin Token, Helium, and Flare have grown remarkably in this challenging market.

Biggest Crypto Gainers Today – Top List

Bitcoin, acting as the bedrock of the cryptocurrency market, holds sway over the sentiment and trajectory of other coins. Thus, it’s essential to gauge Bitcoin’s performance briefly before exploring the top gainers. With the total crypto market capitalization soaring to $ 2.79T and Bitcoin’s price hitting $ 73,250, marking a 0.10% increase in the last 24 hours, there’s much to unpack. This translates to a Bitcoin market cap of $ 1.44T, solidifying BTC’s dominance at 51.69%. Let’s see how these numbers set the stage for today’s gainers in the crypto space.

1. PancakeSwap (CAKE)

PancakeSwap is a decentralized exchange on the BNB Chain, enabling token swapping, yield farming, and staking. It offers a range of products, including an exchange, yield farm, and prediction market, catering to various user needs within the decentralized finance (DeFi) ecosystem. Additionally, PancakeSwap’s innovative features, like Ethereum liquid staking and the Pancake Protectors game, enhance its utility and appeal to a broad audience of crypto investors.

CAKE Price Chart

PancakeSwap V3 introduces significant enhancements over its predecessor, V2, such as capital concentration and lower trading fees. With up to 4000x higher capital efficiency than V2, liquidity providers can maximize their earnings by focusing their capital on specific price ranges. The Position Manager feature facilitates auto-compounding rewards, minimizing risks like impermanent loss and optimizing user liquidity provision strategies.

In terms of performance metrics and risk checks, PancakeSwap demonstrates strong indicators. With a current price of $4.83, it has experienced a 9.58% surge in the last 24 hours. Additionally, it maintains a market dominance of 0.04%, indicating its significance within the cryptocurrency market. Trading significantly above the 200-day SMA, it shows neutral signals with a 14-day RSI at 66.32. Moreover, CAKE enjoys high liquidity, boasting a volume-to-market cap ratio of 0.4224, which ensures efficient trading for users seeking exposure to the DeFi sector.

2. KuCoin Token (KCS)

KuCoin Token is the native token of the KuCoin exchange, launched in 2017 to offer traders profit-sharing benefits. Initially an ERC-20 token on Ethereum, KCS has a capped total supply of 200 million, with a planned buyback and burn until just 100 million remain. As KuCoin progresses towards decentralized solutions, KCS will transition into the native asset for decentralized financial services and governance of the KuCoin community.

“Empowering KCS” is a central focus for KuCoin, aiming to elevate KCS beyond a mere token into a pivotal product within the ecosystem. With forthcoming developments such as the KuCoin decentralized exchange (DEX) and KuChain, it is poised to become the foundational fuel and token for future KuCoin decentralized offerings, shaping the ecosystem’s trajectory.

KCS Price Chart

One distinguishing feature of KCS is its “KCS Bonus,” offering holders over 6 KCS a daily dividend sourced from 50% of KuCoin’s daily trading fee revenue. This mechanism is a unique incentive for KCS holders and contributors to the KuCoin ecosystem, with rewards dependent on both KCS holdings and KuCoin’s trading volume.

KuCoin Token trades at $15.80, a 4.58% increase in the last 24 hours. With a market dominance of 0.05%, KCS has shown a substantial 72% price increase over the past year. Trading significantly above the 200-day SMA at $9.23, KCS exhibits signs of being overbought, indicated by a 14-day RSI of 72.83. Despite a 63% proportion of positive trading days in the last 30 days, KCS demonstrates relatively low liquidity, with a volume-to-market cap ratio of 0.0035.

3. eTukTuk (TUK)

The eTukTuk project addresses the pressing global issue of air pollution, affecting 99% of the population and leading to millions of preventable deaths annually. It aims to revolutionize the transportation sector and reduce carbon emissions significantly by introducing Zero Emissions Vehicles (ZEVs) and leveraging blockchain technology.

To achieve its goals, eTukTuk will utilize blockchain for transparent token management, decentralized identity, and reward distribution. The project also plans to launch a play-to-earn (P2E) racing game, providing another avenue for crypto users to engage with eTukTuk. TUK holders can earn yields by staking their tokens. Fleet operators, conversely, can scale their electrified transportation services using the token’s incentive mechanisms.

It has made significant progress toward its mission, with its ongoing ICO presale raising an impressive $2,063,522.85 out of its total goal of $2,101,779. Additionally, the project is poised for further growth and development with the present price of 1 $TUK token equating to $0.028. This financial backing underscores early investors’ strong interest and support. It highlights the potential for eTukTuk to address air pollution and promote sustainable transportation solutions effectively.

Visit eTukTuk Presale

4. Helium (HNT) 

Helium operates as a long-range, peer-to-peer wireless network, connecting Internet of Things (IoT) devices via specialized hardware known as Helium Hotspots. Launched in 2013 with a traditional business model, it pivoted towards a decentralized approach, rewarding participants with its native HNT token. This token serves as both a governance tool and a means of incentivizing network expansion and maintenance.

It is popularly known as “The People’s Network” because it offers a highly scalable and low-cost wireless infrastructure accessible to many users. With over 500,000 Helium LongFi hotspots globally, the network facilitates seamless integration of new devices. Each hotspot generates HNT tokens as rewards for providing network access and driving organic growth.

HNT Price Chart

Performance-wise, Helium’s current price is $8.51, marking a 2.78% increase in the last 24 hours. With a market dominance of 0.05%, HNT has seen a significant 278% price increase over the past year. Trading well above the 200-day SMA at $2.25, Helium exhibits signs of being overbought, with a 14-day RSI of 74.77. Despite a 40% proportion of positive trading days in the last 30 days, Helium demonstrates medium liquidity, with a volume-to-market cap ratio of 0.0130.

In recent news, Helium announced the sunset of Helium Price Oracles for tokens HNT, IOT, and MOBILE, effective Mar 20, 2024. This follows the successful implementation of price feeds by Pyth Network, leveraging real-time data from trusted sources to provide on-chain consensus prices. The Helium Wallet App v2.7.0 launch aims to enhance user experience and address any technical issues users encounter. This demonstrates Helium’s commitment to continuous improvement.

5. Flare (FLR) 

Flare Network aims to introduce smart contract functionality to cryptocurrencies lacking native support, enabling assets like XRP and Bitcoin to access decentralized finance applications. Through representations called FAssets, Flare expands utility for coins such as Bitcoin, XRP, Litecoin, and Stellar. FLR token holders can engage in network governance and contribute to the Flare Time Series Oracle (FTSO) for off-chain data integration, earning rewards in return.

Flare facilitates on-chain acquisition of blockchain, time series, and Web2 API data by utilizing decentralized protocols. The State Connector secures external blockchain data, enabling the minting of corresponding FAssets on Flare. Meanwhile, the FTSO delivers decentralized prices and data series to decentralized applications (Dapps) without reliance on centralized providers. This unique approach minimizes risks for users and developers, fostering a robust ecosystem.

FLR Price Chart

Flare’s current price stands at $0.040273, with a 2.74% increase in the last 24 hours, indicating a market dominance of 0.05%. Over the past year, Flare has seen a 20% price increase and trades 39.25% above the 200-day SMA at $0.028852. With a 14-day RSI of 50.48, it exhibits neutral signals and a 30-day volatility of 14%, suggesting moderate price fluctuations. Additionally, Flare demonstrates medium liquidity with a volume-to-market cap ratio of 0.0130, reflecting a market cap of $1.47B and a 24-hour volume of $19.10M.

On the global stage, Bitcoin mining revenues hit a record $78 million daily, propelled by the rally and anticipation of April’s halving event, says Deutsche Bank. Firms are investing in new equipment to prepare for the halving, which will reduce the reward for miners and potentially fuel further price increases for Bitcoin.

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