Top Crypto Gainers of the Day July 14 – ALEX Lab, Gas, Iotex, Algorand

Germany Ends High-Value Bitcoin SalesEarlier this year, a significant cache of over $2 billion was liquidated from suspects linked to copyright and money laundering charges. This massive cryptocurrency liquidation, carried out through major exchanges such as Coinbase and Kraken, caused tongues to wag and Bitcoin’s price to sway in speculative winds. Now, with Bitcoin off government balance sheets, the aftermath of this selloff is rippling through the crypto markets, showing that regulatory action can still have ripple effects on digital currencies and shape markets with devastating consequences.

Biggest Crypto Gainers Today – Top List

Today’s Top Winner Featuring a dynamic mix of blockchain innovations. ALEX Lab leads with a notable 16.88% surge, outpacing Gas’s 11.21% gain. ALEX Lab pioneers DeFi solutions on Bitcoin with smart contracts, while Gas powers NEO’s efficiency in transactions and smart contracts. IoTeX is up 5.40%, focusing on a machine economy with strong security, while Algorand is up 3.70%, highlighting its eco-friendly pure proof-of-stake protocol and high trading volume. Each project offers distinct strengths and promises different investment strategies for significant market gains.

One. ALEX Lab

ALEX Lab is a pioneering DeFi platform for Bitcoin via Stacks, providing comprehensive solutions utilizing smart contracts. It brings traditional financial functions to the decentralized world by enabling lending, borrowing, and decentralized bonds. ALEX Lab provides seamless access to financial services through an automated liquidity exchange, allowing users to utilize Bitcoin for a variety of DeFi applications.

ALEX Labs offers a variety of use cases and enhances the Bitcoin economy through a variety of DeFi services such as swapping, liquidity pools, staking, and yield farming. The platform also provides a launchpad for new projects, expanding the utility of Bitcoin beyond a store of value or medium of exchange.

Security is our top priority at ALEX Lab. We adopt rigorous security audits and bug bounty programs, and work with top cybersecurity companies to protect our ecosystem. A user-friendly interface and strong customer support combine to ensure a safe and intuitive experience for all users.

Top Questions from Our Community This Week

1⃣ Is ALEX DEX the only option for trading? Alex?Alex Trading is available on major CEXs such as Kucoin, GATE, Bitget, Bithumb, Coinone, and MEXC.

2⃣ How do I get the STX/ALEX farming harvest?

first… pic.twitter.com/8nVNvhJiBN

— ALEX 🟧 Bitcoin’s Financial Layer (@ALEXLabBTC) July 13, 2024

ALEX’s recent performance paints a bullish picture, with the price surging by 16.88% in the last 24 hours to hit $0.146175. The token boasts high liquidity, as evidenced by its volume-to-market cap ratio of 0.0749. Despite the nearly neutral RSI of 69.50, suggesting a potential sideways trade, ALEX has had 14 green days in the past month. It has relatively low volatility at 20%, slightly higher than Algorand’s 5%. Notably, it is trading at a respectable 94.85% above its 200-day SMA, and is outpacing Gas, which is 36.13% below its 200-day SMA. It has shown a remarkable 92% increase in the past year, surpassing 64% of the top 100 crypto assets.

2. GAS

Gas is a critical component of the NEO blockchain, facilitating transaction fees and executing smart contracts. Distributed to NEO token holders and council members, Gas encourages participation and supports network operations. Similar to Ethereum’s Gas, it measures the computational effort for network activity, but in NEO it is a separate token that is essential for interacting with the platform.

The security of gas is ensured through a combination of advanced mechanisms. On-chain governance allows stakeholders to propose and vote on network changes, ensuring that the changes benefit the community. NeoFS, a decentralized storage protocol, distributes data across multiple nodes to enhance security and make the network resilient to attacks. The N3 smart contract system also enables the development of secure decentralized applications (dApps). Gas fees provide incentives for validators to maintain network integrity, aligning their interests with the health of the network.

We are happy to have it @AtomicWallet Support the Neo X chain! 🎉

Once MainNet is launched, we expect to attract 5 million users of Atomic Wallet to the Neo X ecosystem. 🚀 https://t.co/wAwcBuXxCU

— Neo Smart Economy (@Neo_Blockchain) July 2, 2024

Gas has seen a notable uptrend of 11.21% in the last 24 hours and is currently trading at $3.77. The token is showing strong liquidity with a volume to market cap ratio of 0.4793. The RSI is neutral at 36.79, indicating a potential sideways move, unlike ALEX Lab’s high RSI. Gas has recorded 16 green days in the past month, with minimal volatility at 8%, compared to IoTeX’s 11%. However, it is trading 36.13% below its 200-day SMA, suggesting some bearish trends compared to ALEX’s bullish trend above its SMA. Nevertheless, Gas is up 37% over the past year, outperforming 41% of the top 100 crypto assets.

three. SHIBASHOOT

Shiva shootout has raised over $660,000 in its pre-sale, making waves in the crypto community. This Western-themed meme coin offers more than just a fun concept; it’s creating a vibrant, community-driven ecosystem. With engaging activities like meme-making duels, crypto poker tournaments, and thrilling virtual treasure hunts, Shiba Shootout is creating a unique frontier for its users. This excitement extends to a play-to-adult (P2E) game currently available on Google Play and the Apple App Store, where players can earn $SHIBASHOOT tokens while enjoying immersive gameplay.

The $SHIBASHOOT token is priced at just $0.0196 but is set to increase in value soon, making now the perfect time to get involved. Shiba Shootout’s community activities, the “Lucky Lasso Lottery” and “Token Governance Roundups”, provide numerous ways for token holders to benefit from the growth of the project. The appeal of the game is further enhanced by the “Campfire Stories” sessions and rewards for inviting new members, creating a strong sense of camaraderie and competition.

Shiba Shootout also offers significant passive income potential. Boasting an APY of 1,659%, $SHIBASHOOT holders can enjoy substantial returns, equivalent to a daily yield of 4.5%. With nearly 19 million tokens already staked, the success of the presale demonstrates strong investor confidence. The smart contracts are audited by SolidProof and KYC is performed by Coinsult to ensure security and reliability. Don’t miss out. Buy Now $Shiva Suit Buy tokens now and be part of the next big thing in the crypto world.

Shiba Shootout Pre-Sale Visit

4. IoTeX (IOTX)

IoTeX is a decentralized platform that powers the open economy for machines. It fosters a trusted ecosystem where people and machines interact with economic incentives. Built on Roll-DPoS consensus, our EVM-compatible blockchain has processed over 10 million transactions. With a team of 40+ scientists and engineers, IoTeX connects to Ethereum, BSC, and Heco blockchains via the ioPay wallet and ioTube bridges, enabling EVM-based DApps to scale without high gas fees. IoTeX’s ecosystem also includes self-sovereign devices like Ucam and real-world data oracles like Pebble, bridging the physical and crypto worlds.

The native IOTX coin governs the blockchain protocol and acts as gas for transactions. The Burndrop economic model ensures IOTX deflation as more devices join the IoTeX network. Security is paramount, and mechanisms such as ring signatures and trusted payment codes ensure user privacy. Delegated proof-of-stake consensus incentivizes block producers and stakeholders to vote and distribute rewards to maintain network integrity, ensuring a secure and efficient blockchain environment.

The Need for Zero Knowledge Technology #Depin Verification is beyond doubt. 🔐

That’s why the IoTeX research team is working hard to advance this.

Principal Investigator @cryptoxfan‘s paper is a groundbreaking advance in DePIN device registration, ensuring that sensitive device information remains secure. pic.twitter.com/MhJ5iN4DVZ

— IoTeX (@iotex_io) July 12, 2024

IoTeX has experienced a price increase of 5.40% in the last 24 hours and is currently trading at $0.038832. The token is highly liquid with a volume to market cap ratio of 0.0756. With an RSI of 62.63, IoTeX is in the neutral zone, suggesting a potential sideways move similar to Algorand. The token has had 15 green days in the last month and its volatility stands at 11%, higher than Algorand but lower than ALEX. IoTeX is currently trading 7.03% below its 200-day SMA, which is better than both Gas and Algorand, but is up 88% over the past year, outperforming 64% of the top 100 crypto assets.

5. Algorand (something)

Algorand is a decentralized blockchain designed for secure, scalable, and efficient applications. Ranked 3rd by transaction volume in Q1 2024, Algorand solves the inefficiencies of existing blockchains like Bitcoin. Its Pure Proof of Stake (PPoS) mechanism is environmentally friendly, with low fees and no energy-intensive mining. The native cryptocurrency, ALGO, is critical to the network, distributing rewards to all coin holders every 10 minutes to encourage participation and promote decentralization.

The network achieved a significant milestone in Q1 2024, processing 403 million transactions and acquiring 1 million new accounts, for a total of 35 million. Algorand’s secure and efficient protocol supports a variety of use cases, from decentralized finance (DeFi) to large-scale enterprise applications. Collaboration with data analytics providers like Nansen enhances access to real-time data, ensuring transparency and fostering trust within the ecosystem.

https://t.co/UbTh3tWuwP

— Algorand Foundation 🐍 (@AlgoFoundation) July 4, 2024

The current price of ALGO is $0.147048, reflecting a 3.70% increase in the last 24 hours. The token maintains high liquidity with a volume-to-market cap ratio of 0.1389, supported by a market cap of $1.2 billion and a 24-hour volume of $166.73 million. The RSI of 58.22 indicates neutrality and potential sideways trading, and is slightly lower than ALEX’s RSI. Algorand had 17 green days in the past month, with the lowest volatility at 5%. Top Winner. However, it is trading at 19.85% below its 200-day SMA, which is better than Gas but not as strong as ALEX Lab. Nevertheless, Algorand has achieved a price increase of 29% over the past year, outperforming 39% of the top 100 crypto assets.

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