It's becoming more realistic that projects now compete to establish their reputation as top-ranking assets in the crypto ecosystem. It becomes more evident in the rise and fall of various coins in the intraday market.
The competitive nature of every coin in the industry has attracted the attention of investors, thereby giving them the best crypto token to trade, which is one of the significant strategies that has given them an edge in the industry.
Top Cryptocurrency Gainers
Many coins maintain an uptrend in the market to position themselves as top gainers. Despite the bullish move of these coins, many investors are still perplexed about the coin that should be on their watchlist.
Hence, I will be analyzing Helium HNT and Lido DAO, which rank high among the top crypto gainers today. It focuses on helping investors know which top gainer should be on their watchlist based on percentage increase, volume, RSI, and EMA today.
Helium- $HNT
Helium is gaining an upward trend in the market, which ranks it among the top gainers within 24 hours with a 4.67% increase, which placed its price at $7.40 today. It also has a volume of $31,999,701 within 24 hours.
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| 24 hours time frame chart |
Introducing a new fee structure in the Helium ecosystem may be responsible for the current change in its price action. Going by the market data, HNT took to an uptrend at the release of the news on its official Twitter handle.
https://twitter.com/HeliumFndn/status/1744499940208902599
What is the potential of helium in the coming days? Based on the RSI value 60.9, the price will likely fall as it approaches the overbought zone. Therefore, investors watching Helium should keep a close watch on its trend.
Furthermore, its EMA value indicates bullish trends in the short and long term. Hence, in the EMA value, investors can still be willing to invest more based on the uptrend prospect of the token.
Ultimately, Helium poses a market dilemma that makes it hard for investors to decide whether to include it on their watchlist or wait until it settles for a specific direction.
Lido DAO- $LDO
Lido DAO is gaining momentum in the crypto ecosystem, which ranks it among the top gainers within 24 hours of the gainers' chain, with 0.87% and a $3.59 price increase today. Also, its 24 24-hour market value pushed the uptrend towards $186,039,624.
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| 7 days time frame chart |
The uptrend performance of Lido DAO occurred due to the invitation of proposal validator providers, which can develop integrations for communities to relate with the Lido community stake. The news was recently disbursed on the project’s Twitter handle, and its effect can be seen on the LDO chart.
https://twitter.com/lidofinance
Based on its 56.6 RSI value, Lido DAO might experience a bit of decline because the uptrend move is approaching an overbought zone. Investors are advised to keep a watch on the trends.
Hence, the EMA value indicates a bullish trend for both the short and long term. Investors should be willing to invest in the token to see the rising potential of the coin.
Lido DAO has proven its potential to cause a profitable shift for investors, which should attract investors to include it on the watchlist for possible investment.
Disclaimer:
The content of this article should not be viewed as financial advice. At best, it is to present the writer's opinion about the performance of the tokens it highlights. Hence, crypto investors are advised to perform their due diligence.
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