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Top Crypto Gainers Today Nov 12 – Akash Network, Mina, PancakeSwap, DeXe

Top Crypto Gainers Today Nov 12 – Akash Network, Mina, PancakeSwap, DeXe

InsidebitcoinInsidebitcoin2024/11/13 01:33
By:Insidebitcoin

The crypto market is on the cusp of a major shift, and today’s top gainers are leading the way. With global figures like Donald Trump pushing for a crypto-friendly future, the stage is set for broader adoption. As cryptocurrencies gain traction, projects like Akash Network, Mina, PancakeSwap, and DeXe are capitalizing on the momentum, with impressive gains showing their potential. These tokens are not just rising in value—they are redefining the future of crypto. Let’s explore today’s top gainers and their potential moving forward.

Biggest Crypto Gainers Today – Top List

Akash surged 17.83%, Mina rose 6%, PancakeSwap increased 6.3%, and DeXe gained 5.19%. These projects are thriving due to their innovative approaches, strong liquidity, and commitment to decentralized governance. Akash disrupts cloud computing, Mina offers a lightweight blockchain with zk-SNARKs, and PancakeSwap delivers efficient decentralized trading. DeXe focuses on community-driven governance. These tokens are well-positioned for future growth, attracting both traders and long-term investors.

1. Akash Network (AKT)

Akash Network leads today’s list of top crypto gainers with an impressive 17.83% price surge over the past 24 hours, reaching $3.16. As a decentralized Supercloud, Akash is disrupting the traditional cloud computing space with a blockchain-powered marketplace that offers affordable, secure access to computing resources. Its innovative approach is becoming increasingly attractive to users and developers seeking more cost-effective solutions in the cloud industry.

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Adding to its momentum, Akash recently announced an integration with Sentinel Scout’s AI Data platform, which now utilizes Akash’s Chat API for streamlined data retrieval. This integration highlights Akash’s dedication to expanding functionality and appeal through open-source, permissionless AI solutions, fueling interest and trading activity.

From a technical perspective, AKT shows stable growth indicators. Its 14-day RSI is neutral at 57.04, signaling that the token may continue its upward trend without significant risk of being overbought. With 60% green days in the last 30 trading days and low volatility at 5%, the token appears resilient. Also, high liquidity, with a 0.1047 volume-to-market-cap ratio, further supports the token’s steady demand.

Long-term indicators spotlight impressive growth for this token, showing it’s now trading a striking 215.27% above its 200-day SMA. Even more, it’s outshining 74% of the top 100 cryptos by market cap—a strong signal of sustained upward momentum.

2. Mina Protocol (MINA)

As the second token on our list, Mina Protocol has captured attention with a 6% surge in the last 24 hours, trading at $0.655877. Known as the “world’s lightest blockchain,” Mina maintains a fixed chain size of just 22 KB. Using zk-SNARK cryptographic proofs, Mina allows users to verify the platform without needing access to its entire history. This rare advantage enhances both security and decentralization, setting Mina apart in the blockchain space.

Mina’s market liquidity is strong, with a volume-to-market cap ratio of 0.2182. This indicates high liquidity, making it appealing for investors seeking flexible trading opportunities. Notably, Mina’s 14-day RSI of 46.98 suggests a neutral stance, implying potential price stability or sideways movement in the short term.

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Over the past month, Mina has shown steady momentum, with 57% of trading days in the green and low 30-day volatility at just 7%. Additionally, it’s trading 15.82% above its 200-day SMA, further strengthening its long-term position.

It’s worth noting that while Mina saw a 1% dip over the past year, it still outperformed 23% of the top 100 crypto assets—a testament to its resilience and the strong investor interest in its unique technology.

3. Crypto All-Stars (STARS)

Meme coins have long been notorious for their volatility, with tokens rising and falling in value as hype fades. Crypto All-Stars aims to break this cycle by introducing more utility to meme coins through its flagship product, MemeVault. The platform seeks to turn meme coins into sustainable, long-term investments, offering holders passive rewards in $STARS tokens. With $3.4 million raised during its presale, the project is gaining momentum.

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The key feature of Crypto All-Stars is MemeVault, which offers a unique opportunity for meme coin holders to earn passive rewards. Rather than constantly monitoring the market, holders can let their tokens work for them, with rewards paid in $STARS tokens. This passive income model is one way the project aims to provide stability in an otherwise volatile space.

What truly sets Crypto All-Stars apart, though, is its use of the ERC-1155 standard. This multi-token approach ensures compatibility across top blockchains, including Ethereum, Solana, and Base. As new meme coins rise, Crypto All-Stars can integrate them seamlessly into its system.

The full launch of MemeVault is still ahead, but presale investors can already start earning passive rewards. This early access gives $STARS a clear edge, positioning it for significant growth in the meme coin market.

Visit Crypto All-Stars Presale

4. PancakeSwap (CAKE)

Third on today’s top crypto gainers list is PancakeSwap, the popular DEX on Binance Smart Chain known for its automated liquidity pools. Serving as a faster, cost-effective alternative for crypto trading, PancakeSwap’s structure allows users to trade via user-funded liquidity pools, bypassing traditional order books.

Today, CAKE’s price rose 6.3%, bringing it to $2.16, boosted by strong liquidity reflected in a volume-to-market cap ratio of 0.1910. This liquidity strength helps support PancakeSwap’s active trading environment, creating appeal for investors prioritizing stability and accessibility in decentralized exchanges.

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In addition, PancakeSwap recently burned nearly 9 million CAKE tokens, valued at $18 million. This move supports long-term value by reducing token supply, a strategy designed to sustain demand and strengthen the price floor over time.

The platform’s RSI of 56.43 points to a neutral territory, suggesting that CAKE may trade steadily in the short term, avoiding high volatility. Additionally, the token is trading just above its 200-day moving average, a positive signal for long-term stability.

For investors eyeing decentralized trading solutions, PancakeSwap’s proven track record and ongoing enhancements make CAKE a promising option for both short- and long-term portfolios.

5. DeXe (DEXE)

Rounding off today’s list of top gainers is DeXe, which surged by 5.19% in the last 24 hours. Known for its pioneering role in decentralized autonomous organization (DAO) governance, DeXe actively empowers token holders to shape the protocol’s future. This distinct focus on community-driven governance has helped it carve out a niche in the DeFi sector. It appeals to investors seeking a transparent, meritocratic ecosystem that aligns with their values.

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In the short term, the token shows a neutral market sentiment with a 14-day RSI of 38.33, indicating it’s not currently overbought. This suggests that the price may remain steady for now, avoiding drastic fluctuations. Investors may find this balance appealing, as it offers an opportunity for cautious yet consistent market growth.

With a low 30-day volatility of just 5%, DeXe proves to be a stable asset in the volatile world of crypto. This restrained volatility adds confidence for investors looking for a steady performer in the short run, free from erratic price shifts.

Furthermore, over the past year, DeXe has surged by 172%, outperforming 72% of the top 100 cryptocurrencies. Currently trading 239.23% above its 200-day moving average, the token’s long-term prospects look promising. This impressive growth solidifies DeXe’s position as a promising option for investors looking to capitalize on the future of decentralized finance.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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