Today’s Top Cryptocurrency Earners February 7 – WOO, Synthetix, TRON, Conflux

adminFebruary 8, 2024

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The green candle in today’s session maintained the same outlook as yesterday, with 22% of cryptocurrencies seeing positive movement. today’s top winner Space ID boasts a whopping 85.12% increase in the last 24 hours. Meanwhile, Huobi token stands out as the biggest loser today, losing 15.33% in value over the same period.

Biggest Cryptocurrency Earners Today – Top List

On a year-to-date basis, Pendle has emerged as a star performer, with an impressive 3,272.10% gain. Meanwhile, Bitcoin Minetrix raised over $10 million in presale with an APY of over 50%. From an optimistic standpoint MicroStrategy Purchased an additional $37 million worth of Bitcoin, increasing BTC holdings to $8.1 billion.

1. Dimension (DYM)

The Dymension project, part of the Cosmos ecosystem, debuted today as the top cryptocurrency acquirer. This coin is attracting followers with its recent mainnet launch announcement and airdrop for early adopters. In the last trading session, DYM token surged more than 25%, reaching $5.00. Trading volume increased 3,098,114% to $450.2 million.

DYM price chart

Additionally, DYM’s surge increased its market capitalization by 25.4% in just one day to $731 million. Experts also see the project’s mainnet launch and impending airdrop as key factors driving this upward trend. This rise contributed to a short-term bullish trend.

Dymension Mainnet is now live! https://t.co/8y3pJ0ohCK pic.twitter.com/DOVcuj1yXf
— Dimension (@dymension) February 6, 2024

Overall, the Dymension project’s focus on scalability within the Cosmos ecosystem has been well-received by the community. As such, this project is arousing investor enthusiasm and trust. Additionally, upcoming airdrops to early adopters add to the attractiveness of the project, creating positive sentiment among investors.

2. PYTH Network (PYTH)

The Solona chain took a hit yesterday. However, a greed score of 62 suggests ongoing trading activity, so the Pyth Network is in flight mode. This may be a sign of increased investor interest in PYTH coin. Meanwhile, Pyth Network is trading at $0.469859 with a market dominance of 0.04%.

PYTH price chart

Over a 30-day period, Pyth experienced 19 positive trading days out of 30, showing a consistent upward trend in daily closing prices relative to opening prices. Additionally, the 14-day relative strength index (RSI) recorded 51.94. This suggests a neutral stance on cryptocurrencies and hints at a potential sideways movement in trading patterns.

that much #PythNetwork The governance vote to approve the Pyth DAO constitution is now live!
Community members who staked $PYTH You can now participate in this vote through Pyth Governance.
Visit the Realms page before 6PM UTC on Tuesday February 13th. pic.twitter.com/IG5LGgC13W
— Pyth Network 🔮 (@PythNetwork) February 6, 2024

Additionally, the price of Pyth rose 2.20% the previous day, solidifying its market position. Additionally, a governance vote on the Pyth Network is underway to approve the Pyth DAO Constitution. This allows stakeholders who stake $PYTH to actively participate in shaping the future of the network through Pyth Governance.

3. Synthetix (SNX)

Synthetix announced that the release of the V3 version was imminent, raising expectations as its market capitalization soared. With a market capitalization of $996 million, Synthetix ranks 60th in the rankings. Additionally, intraday trading volume increased 46.93% to $32.69 million. Meanwhile, the price of Synthetix was $3.27, up 4.10% in 24 hours.

SNX price chart

This shows that investor confidence in the coin is growing as it targets the anticipated V3 launch. Synthetix’s stability and growth potential are reinforced as it trades above its 200-day simple moving average. The cryptocurrency community is excited about SNX’s goal of scaling base volume to $20 million per day and migrating from V2X.

📊 Synthetix Perps Data Report:
– 7-day total trading volume: $289 million
– Average daily trading volume: $41.4 million
– Lifetime Perps Volume: $44.57 billion
– Lifetime fees: $34.9 million
Data from January 29 to February 5 pic.twitter.com/5wMq1HL4qR
— Synthetix ⚔️ (@synthetix_io) February 6, 2024

Moreover, Synthetix’s commitment to full on-chain governance and the launch of L1 Perps represent important milestones in its expansion. As Synthetix continues to innovate in the evolving cryptocurrency space, investors are eagerly anticipating its future developments and redefinition of decentralized finance.

4. Conflux (CFX)

DWF Labs just announced the launch of a Proof of Stake (PoS) node on Conflux Network. This move aims to strengthen trust and support for the project’s long-term value for BTC asset innovation. With the launch of the PoS node, DWF Labs actively supports Conflux’s mission to drive innovation within the Bitcoin ecosystem, especially with the imminent launch of BTC Layer 2 (L2) solutions.

CFX price chart

Moreover, the market reaction to this news was favorable. CFX is the best cryptocurrency bullish today. CFX price has surged 5.13% in the last 24 hours, indicating growing interest from investors. Market sentiment is also optimistic, solidified by the Fear and Greed Index of 62. Additionally, Conflux has consistently traded above its 200-day simple moving average, further boosting investor confidence.

Nice to meet you partner. @DWFLabs Start a Proof of Stake (PoS) node on Conflux! This aligns perfectly with our mission to innovate BTC assets and our upcoming BTC Layer 2 solution. https://t.co/jGVakvzBak
— Conflux Network Official (@Conflux_Network) February 6, 2024

Turning to recent performance, CFX has been in the green zone for 17/30 days, covering 57% of those periods. This string of positive days shows the growing optimism surrounding Conflux. Meanwhile, CFX’s 14-day relative strength index (RSI) is currently at 53.41.

5. Tron (TRX)

Tron ($TRX) recently saw a significant breakout, making it the top cryptocurrency gainer of the day. The coin crossed the important neckline of the round bottom pattern at the $0.12 mark. Meanwhile, this price movement is consistent with the 78.60% Fibonacci level, indicating a possible reversal of the long-term trend.

TRX price chart

Analysis of the weekly charts clearly shows a round bottom reversal. It also suggests a surge beyond price levels observed over the past three years. Moreover, bullish momentum suggests a target price of $0.20 as Tron continues to rise.

Likewise, a breakout of the indirect resistance trend line further deepens this bullish sentiment and solidifies the uptrend. Likewise, the bounce in the 200-week exponential moving average (EMA) points toward a stronger upward trend ahead.

#tron DAO is working hard to provide easy chaining. #build to. 💪 More developers #tron Build your network and we’d love to welcome more! 🚀
View full interview @justinsuntron here. ⬇️https://t.co/tOAHZuIhpH pic.twitter.com/EaVPuyI0Fs
— Tron Dao (@trondao) February 5, 2024

In particular, investors are paying attention to the dominance of buyers above the psychological indicator of $0.12, which means that an upward trend towards $0.15 is likely. According to our analysis, maintaining this bullish momentum could push Tron towards the $0.20 level.

6. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix Unveiled innovative Stake-to-Mine concept that will transform traditional mining operations. Unlike common methods that are expensive and require specialized equipment, Bitcoin Minetrix offers a simpler approach.

The Stake-to-Mine idea uses the native token, BTCMTX, to allow users to earn a portion of Bitcoin rewards by staking their holdings and earning mining credits. This new design is timely for the upcoming halving event, which will require efficient mining while reducing BTC rewards.

Moreover, the excitement about Bitcoin Minetrix is evident through the $10 million markup it received during the pre-sale period. Additionally, the project offers a high-risk Annual Percentage Yield (APY) of over 50%.

$RON (@Ronin_Network) will be released on the WOO
✅ Deposits $RON The token is now public.
👇 And deposit at least 20 $RON 800 to get a 10% deposit bonus $RON Prize Pool! Get started now: https://t.co/qmLTuPbzmq
– WooX (@_WOO_X) February 6, 2024

Bitcoin Minetrix We aim for a significant price increase of at least 50x once the full product is launched on the cryptocurrency market. With a price of $0.0133, investors should capitalize on this token before the next price rise.

Visit Bitcoin Minetrix Presale

7. WOO

WOO is hovering around $0.33, building a solid support level. Additionally, as trading volume increases, expectations that WOO will reach the $0.50 level are also growing. The current price of WOO is $0.356388, up 5.44% in the last 24 hours. Market sentiment appears to be optimistic with a moderate dominance of 0.04%. This indicates investor optimism based on the greed score, which is currently at 62.

Moreover, the 14-day relative strength index (RSI) is 62.68, indicating a neutral stance with a potential sideways move. Additionally, trading activity has placed WOO above its 200-day simple moving average, highlighting its stability.

$RON (@Ronin_Network) will be released on the WOO
✅ Deposits $RON The token is now public.
👇 And deposit at least 20 $RON 800 to get a 10% deposit bonus $RON Prize Pool! Get started now: https://t.co/qmLTuPbzmq
– WooX (@_WOO_X) February 6, 2024

The WOO Network aims to optimize liquidity with a focus on competitive pricing, integrity, user experience, innovative tools, and global accessibility. This highlights our commitment to providing favorable trading terms and fostering user growth opportunities.