Crypto gainers in the crypto ecosystem are like a gold rush where a lot of crypto coins are gaining their way to the top because the ecosystem is becoming competitive, with numerous gainers making it on the top gainers chart every 24 hours.
Sequel to this, the plight of every investor is to get a worthy coin; they can invest their fund without liquidity. Although many have liquidated their funds because they were unable to do due diligence on coins before they invested, Therefore, this has always been the fear of many investors amidst the numerous coins making their way around the top gainer in the ecosystem.
Despite coins making the top gainers, there are some parameters an investor should look at before enlisting a coin on its watchlist.
Top crypto gainers.
Render: $RNDR
Mantle - $MNT
Beam - $BEAM
Manta network - $MANTA
The present bullish trend of bitcoin has changed the narrative for many coins in the crypto ecosystem. We can discover that a lot of coins are being listed among the top gainers in the industry. Today I will do a fundamental analysis of two coins that have prospects in the ecosystem, making them the top gainers, which might be a good deal for investors if listed on the watchlist.
We shall look at the fundamental analysis, the 24-hour percentage increase, the price increase, the EMA value, the RSI value, the 24-hour market value, and why investors should consider the coin for investment.
Render - $RNDR
Render is a decentralized blockchain marketplace that is established to empower artists to scale up their GPU rendering work on demand to high performance. This is evidenced by its resilience to take up the top-gainer position in the market chart. Render within 24 hours has been doing greatly well around the price. The price was at $4.8 before it skyrocketed to $7.4, which is like $7.7 away from breaking the all-time high resistance. This is going to be a great deal for those who are holding Render as an investment.
It has a 7.29% percentage increase and $490,600,535 in 24 hours, which is a good bullish swing for the coin. Despite the bullish swing, will the decline be low? If render declines, it will have a multitude of bounces because of the number of supports it has below the chart, which indicates that it won't decline anytime soon except for another bearish bitcoin rally.
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| Render all time chart. |
Why is it bullish? Render recently collaborated with some network projects to dive into AI on Solana, which will bring more investor participation.
see more on their Twitter
The RSI is 86.3879, which indicates that the market is on the overbought side, but investors should not FOMO because the EMA is on the buy side, which indicates that, though the RSI might swing toward overbought, investors are still buying the coin. Investors who are willing to invest are advised to place it on their watchlist.
Manta Network - $MANTA
Manta is another phase of monolithic L2s that is meant to deliver a blazingly fast infrastructure for those who want to launch and will have a good environment to do this. It has built a 24-hour push that places it among the 24-hour gainers. Within 24 hours, it bullishly went from $3.12 to its present price of $3.24, against the low price it maintained around February 5. It has a 1.82% increase with $322,238,593 in 24-hour volume. Manta is not meant to experience a rapid decline because of numerous supports that are in the form of sideways trends, which means that instead of declining, it will bounce sideways to create more support and resistance.
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| manta all time chart. |
Although a lot of things have been going on with Manta, which has been causing the bullish swing, it gives an open channel for investors to participate in the campaign collaboration with TrustWallet, which they share on their social media network.
see more on their Twitter
The RSI value is at 63.41266, which indicates that the coin is on the overbought side. Although the coin might indicate overbought, the long- and short-term holders give hope to investors that the coin is a future prospect because they are all on the buy side. Investors can place this coin on their watchlist.
Disclaimer.
This is not financial advice; it's just to help you see a coin with a prospect with basic fundamental analysis.
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