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bitcoin
Bitcoin (BITCOIN)
$116,609 -2.28%
ethereum
Ethereum (ETHEREUM)
$3,654 -2.59%
binancecoin
BNB (BINANCECOIN)
$776.01 -0.93%
solana
Solana (SOLANA)
$182.33 -3.75%
ripple
XRP (RIPPLE)
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shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 -1.84%
pepe
Pepe (PEPE)
$0.000012 -5.29%
bonk
Bonk (BONK)
$0.000033 -2.20%
bitcoin
Bitcoin (BITCOIN)
$116,609 -2.28%
ethereum
Ethereum (ETHEREUM)
$3,654 -2.59%
binancecoin
BNB (BINANCECOIN)
$776.01 -0.93%
solana
Solana (SOLANA)
$182.33 -3.75%
ripple
XRP (RIPPLE)
$3.08 -5.47%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 -1.84%
pepe
Pepe (PEPE)
$0.000012 -5.29%
bonk
Bonk (BONK)
$0.000033 -2.20%
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Best Crypto Gainers Today, July 24 - Story, Curve DAO, Conflux

Highlights:

  • Story, Curve DAO Token, and Conflux have emerged as the top crypto gainers today despite the market downtrend.
  • IP breaks past $5 with strong weekly gains but faces resistance as momentum begins to cool.
  • Conflux surges on stablecoin news, while CRV eyes a breakout with a bullish chart pattern forming.

The crypto market is bearish today, with a majority of the tokens trading in the red. The global market capitalization has declined by 1.50% to $3.89 trillion, indicating a negative sentiment in the market. However, the 24-hour trading volume has surged by 20% to $225 billion, suggesting increased activity. Despite the market volatility, let us discuss the top crypto gainers today.

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Top Crypto Gainers Today

1. Story (IP)

Story has continued its bullish outlook with a surge of 8% to emerge as the top crypto gainer today. Over the past 24 hours, IP has traded in a range-bound pattern around $4.27 and 5.47. The altcoin is currently trading at $5.26 with a surge of 17% and 65% on the weekly and monthly charts, respectively. Both its market capitalization and trading volume have surged to $1.5 billion and $77 million.

Best Crypto Gainers
Source: CoinMarketCap

Technical indicators on the daily chart display a bullish sentiment that is losing momentum. Indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are losing their shifting movements. On a daily timeframe, a wedge breakout rally is picking up momentum by breaking through the $5.00 psychological level. The bullish run is targeting $5.85 resistance, noted by the March 25 closing set as the price climbs. 

Source: TradingView

The 50-day EMA is approaching to surpass the 100-day EMA, which can be used as a potential buying signal because a short-term rally is exceeding the long-term trend. However, a break of the downward momentum below the $5.19 line of support may put the 100-day EMA in the $4.03 region.

2. Curve DAO Token (CRV)

Curve DAO Token increased by more than 70% over the past month, reclaiming the $1 milestone. Despite facing stiff rejection around this region, the altcoin has shown resilience as the bulls seek to overcome it. Being one of the top crypto gainers today, CRV has surged by 4% to trade at $0.987 with a market cap of $1.37 billion. 

Best Crypto Gainers
Source: CoinMarketCap

Curve DAO Token appears to be pointing to a possible turning point in its weekly trend. Crypto analyst Smith has observed that an inverse head-and-shoulders is developing on its chart. This technical setup generally indicates that a possible bullish momentum may be ahead. 

Hovering around $0.97, CRV must break above the resistance around the level of $1.11 to confirm the turn. Once the CRV breaks out above this key resistance level, additional upside may develop around $5.53, which is a potential gain of nearly 350%. 

3. Conflux (CFX)

Conflux Network CFX is rallying today with a 3.50% increase on the daily chart. Trading around $0.18, CFX has surged by 80% and 150% on the weekly and monthly charts, respectively. In addition, its market cap has surged by $910 million despite the trading volume declining by 17% to $325 million.

Best Crypto Gainers
Source: CoinMarketCap

Recently, Conflux Network partnered with AnchorX and Eastcompeace Technology to launch a stablecoin that is backed by offshore yuan. The stablecoin will be called AxCNH, and it will facilitate cross-border payments in the countries of the Belt and Road Initiative, such as Indonesia, Singapore, Malaysia, and Kazakhstan. AnchorX takes the initiative of developing the stablecoin, and Conflux takes the blockchain framework. In addition, the tech security setup is handled by Eastcompeace.

The initiative will facilitate smooth business transactions in Asia and enhance financial connectivity. Conflux is scheduled to release an updated version, Conflux 3.0, in August. With a transaction per second of up to 15,000 transactions, it will aid in the successful processing of real-world payments and transfers of their digital assets.

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