Top Cryptocurrency Gainers Today, February 24th – DYDX, Uniswap, PancakeSwap, EOS

adminFebruary 25, 2024

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top riser DYDX, Uniswap, PancakeSwap, and EOS are making waves in the cryptocurrency market today. DYDX, with its innovative trading services, rose 20.09% in 24 hours and boasted a market capitalization of $644.31 million. Thanks to community governance, Uniswap rose 68.34%, reaching a market capitalization of $7.14 billion.

PancakeSwap is thriving on the BNB chain, surging 11.25% to a market capitalization of $757.44 million. EOS, known for its scalability, rose 4.12% to $0.806497. Additionally, Sponge V2 has seen its price increase by more than 4,917% since launch and now has a market capitalization value of $49.5 million, making it an attractive opportunity for investors.

Biggest Cryptocurrency Earners Today – Top List

Over the past 24 hours, the cryptocurrency market has seen mixed performance, with 45% of cryptocurrencies gaining value and 55% experiencing losses. In particular, Uniswap showed the greatest increase, surging 69.42%, while Braintrust suffered the highest loss at -18.84%. Over the past year, Pepe Coin has recorded an impressive gain of 10,000,000.00%, which is in stark contrast to ApeCoin’s significant loss of -68.34% over the same period.

1. DYDX

DYDX is a decentralized exchange platform based on the Ethereum blockchain and provides various trading services such as borrowing, lending, spot, and margin trading. Users participate directly without intermediaries and can even bet on future cryptocurrency price movements.

Operating in a liquidity and safety pool, dYdX improves market liquidity and ensures user security when staking tokens. Features a unique layer 2 scalability solution using zkSTARKS technology. This technology allows off-chain transactions to be verified while remaining decentralized.

DYDX price chart

Priced at $3.51, DYDX has surged 20.09% in the last 24 hours and has a market capitalization of $644.31M and a dominance of 0.03%. It has grown by 32% over the past year, underperforming Bitcoin and Ethereum. Trading 43.58% above its 200-day SMA, DYDX has a Neutral RSI of 45.04, with Green Day at 57% and Volatility at 6% over the past 30 days. It is traded in several fiat currencies and has high liquidity with a volume to market capitalization ratio of 1.6469.

3,858,500 DYDX tokens were transferred from the Community Treasury to the dYdX Ecosystem Development Program. These funds will be used to deliver dYdX’s partnerships and support infrastructure, chain services, protocol development and growth.
— dYdX Foundation 🦔 (@dydxfoundation) February 24, 2024

dYdX’s latest development sees it partnering with Stride to introduce liquid staking, expanding staking options within the Cosmos ecosystem. We also plan to partner with other providers such as Persistence and Quicksilver. dYdX expects to leverage the growing liquid staking trend to provide users with more earning opportunities and greater participation in the DeFi space.

2. Uniswap (UNI)

UNI is the governance token of Uniswap, a leading decentralized exchange (DEX) pioneering the AMM model. Holders will distribute 15% of their supply to previous users through retroactive airdrops to make important decisions and manage protocol parameters.

Founded in 2018 by Hayden Adams, Uniswap operates on Ethereum, allowing trustless token exchanges through liquidity pools. The order book-less AMM model allows anyone to provide liquidity and earn fees.

UNI price chart

With the current price of $11.94, UNI has surged 68.34% in the last 24 hours and has a market capitalization of $7.14 billion and a dominance of 0.36%. Despite its recent rally, UNI has underperformed Bitcoin and Ethereum over the past year, trading 125.40% above its 200-day SMA. At the same time, the 14-day RSI indicates neutrality and the fee redistribution proposal has increased investor interest.

Now that Dencun’s launch on mainnet is scheduled for March 2024, we’re excited to provide an update to the community! 🎉
The release of Uniswap v4 is tentatively set for Q3 2024.
From community-created Hooks (https://t.co/WyaGr1Ti1t) to events and Twitter Spaces…
— Uniswap Foundation (@UniswapFND) February 15, 2024

The Uniswap Foundation’s proposal aims to distribute fees to UNI holders and encourage staking and active governance participation. This proposal, which is scheduled for an on-chain vote on March 8, reflects ongoing discussions to enhance the utility of UNI. Uniswap v4 is scheduled to be implemented on Synergy in Q3 2024, and Ethereum Dencun positions it for continued growth and innovation.

3. Pancake Swap (CAKE)

PancakeSwap (CAKE) operates on the BNB chain and offers decentralized token trading and services such as yield farming, staking, and an NFT marketplace. In April 2023, the deflationary token model ‘Ultrasonic Cake’ was adopted to increase long-term value by burning more than 102% of the cake minted every week. Through an open source model and audits by reputable companies, PancakeSwap maintains transparency and security.

cake price chart

With a current price of $3.22, CAKE has surged 11.25% in the past 24 hours, giving it a market capitalization of $757.44 million and a dominance of 0.04%. Down 21% over the past year, CAKE has outperformed 20% of the top 100 cryptocurrency assets. Trading 40.63% above its 200-day SMA, CAKE has a neutral RSI of 49.80, with a green day of 53% and volatility low of 6% over the last 30 days.

🆕 Introducing the “Affiliate” Initiative
🍴DeFi protocol receives acknowledgment from Kitchen forking PancakeSwap on a blockchain where we are not deployed.
🐰Our user-friendly interface and multichain capabilities aim to expand access and opportunities in DeFi.
💬Sign up… pic.twitter.com/mhZkRp4HUT
— PancakeSwap🥞Everyone’s Favorite DEX (@PancakeSwap) February 23, 2024

In recent news, PancakeSwap plans to introduce an affiliate model, allowing developers to fork the code and release versions on other blockchains. CAKE holders benefit from the affiliate fork and receive a share of the native DEX tokens and trading fee revenue. PancakeSwap’s multi-chain functionality aims to expand DeFi access and opportunities.

4. SPONGE V2 (SPONGE)

Sponge V2 An upgrade to the revered SPONGE token that promises hilarious humor in the meme community. In response to the liquidity pool attack, the SPONGE team quickly migrated all $SPONGE V1 holders to the secure $SPONGE V2 on the Polygon network.

This transition reduces the impact of the attack. It also accelerates the launch of decentralized Play-to-Earn games with lower fees. As Sponge V2 gains momentum at Polygon, investor confidence increases, boosting weekly gains for the $SPONGE token.

With over $10.18 million staking and bridging, Sponge’s strategic shift to Polygon aligns perfectly with the Ethereum Dencun upgrade, promising lower gas costs and faster transaction times for Ethereum Layer 2 networks like Polygon.

Men: Women are too emotional.
And people are watching at 3 in the morning. $sponge Chart as follows:#SpongeV2 #100x #memecoin #how pic.twitter.com/pcFDuTLE9e
— $SPONGE (@spongeoneth) February 23, 2024

Additionally, 8.55 billion $SPONGE V2 tokens were staked through an excellent migration process. Stakers receive token rewards of 189% per annum on Ethereum and 909% on Polygon.

For the price Sponge V2 The V1 launch price rose 4,917% to $0.001254, already surpassing the $SPONGE V1 all-time high. The liquidity of the SPONGE/WMATIC pair is healthy at $558,670.

Visit Sponge V2 Pre-sale

5. EOS

Launched in 2018 after a record $4 billion ICO, EOS is a public blockchain designed for decentralized applications (DApps) and smart contracts. Led by Dan Larimer, this top-rising company distinguishes itself by its scalability, processing more than 3,000 transactions per second.

Using delegated proof of stake (DPoS), EOS achieves consensus through elected block producers and provides fee-free transactions. It competes with Ethereum and TRON and hosts a variety of DApps, including gaming and decentralized exchanges.

EOS price chart

It rose 4.12% in the last 24 hours to reach $0.806497. Despite falling 31% over the past year, EOS has outperformed 6% of the top 100 cryptocurrency assets. It is trading 9.40% above its 200-day SMA, has a Neutral RSI of 43.43, has a green day of 77% over the past 30 days, and volatility is low at 4%.

“Our commitment to innovation, community engagement, and strategic partnerships is unwavering. The journey ahead is filled with opportunities to redefine the capabilities of the EOS network.” 🗣️ @BigBeardSamurai
Learn more $EOS 4th quarter report 👇https://t.co/y31yXs5bJ8 pic.twitter.com/3jG05mwGbq
— EOS Network Foundation (@EOSNetworkFDN) February 23, 2024

With diverse infrastructure and custom smart contracts, EOS boasts technological prowess and a strong community. The diverse communities within EOS foster innovation by allowing token holders to work closely with developers to drive growth. Upholding values such as transparency, honesty, and accountability, EOS pioneers a community-driven foundation where users actively participate in network governance.

Now that we’ve looked at the unique characteristics of today’s top cryptocurrency profiteers, let’s take a look at the latest news in the cryptocurrency market. that much UK Law Commission We propose legislation to ensure legal clarity by classifying cryptocurrencies as private property. If enacted, it would improve regulatory clarity in England and Wales by strengthening property rights in cryptocurrency-related disputes.