Arslan Butt
Major cryptocurrencies were trading in the green early September 27 as the global crypto market cap increased 3.31% over the previous day to $957.11 billion. Over the last 24 hours, the crypto market volume has grown by 49.33% to $80.05 billion.
DeFi’s total volume is currently $5.78 billion, accounting for 7.22% of the overall crypto market 24-hour volume. All stablecoin volume is $73.41 billion, accounting for 91.71% of the total crypto market 24-hour volume.
Top Crypto Price Gainers to Buy
Today, the top crypto gainers included LUNC, LUNA, NEO, TAMA, UNI, STEPN, MKR, LINK, ICP, and SOL. In the last 24 hours, the tokens have increased by 3%-16%.
Terra Classic (LUNC) Down 6.87%
Following its crash, the original native token, LUNA, was renamed LUNA Classic (LUNC) on May 20, 2022. Binance, the world’s largest cryptocurrency exchange, announced a proposal on September 26 to reduce the supply of Luna classic (LUNC), the last token of the defunct Terra network, before its relaunch.
Binance’s CEO also revealed that all trading costs incurred on the LUNC/BUSD and LUNC/USDT spot and margin trading pairings on Binance would begin to be burned, which appears intriguing. After converting to LUNC, the fees will be sent to the burn address. It implies that Binance is responsible for paying the fees, not the users. As a result of this news, the price of LUNC increased, and it is now one of the top gainers among cryptocurrencies.
The live Terra Classic price on September 27 was $0.000281, and the 24-hour trading volume was $1,773,822,043. Terra Classic has dropped 12.04% in the last 24 hours. With a market capitalization of$1,728,164,783, the current ranking is 34. There are 6,151,072,613,161 LUNC coins in circulation, with an unknown maximum supply.
On the daily chart, the LUNC/USDT pair is gaining immediate support near the $0.000265 level, which is being extended by a 50-days moving average. LUNC has the potential to bounce off above 50 EMA, which can lead LUNC price towards the $0.00032 level, which is triple the top level.
A surge in demand could slice through the $0.00032 level to lead its price towards the $0.00038 level. The RSI and MACD are supporting the uptrend; therefore, investors will likely stay bullish above $0.00026 and vice versa.
Terra 2.0 (LUNA) Slips by 5.54%
Terra (LUNA) is a Terra Classic-based public blockchain system. Without its algorithmic stablecoin, Terra intends to maintain the ecosystem with hundreds of developers working on various decentralized apps. The Terra system’s native staking token is called Luna. LUNA is used in mining and government.
Users stake LUNA to compensate transaction recorders and blockchain validators for transaction fees. Binance announced it would burn LUNC fees on spot and margin trading pairs to reduce the token’s circulating supply. The statement was made primarily about Luna Classic.
Other Terra tokens, such as LUNA, saw significant increases as well.
On September 27, the price of Terra LUNA was $2.57, with a 24-hour trading volume of $510,121,876. Terra has dropped by 5.54% in the last 24 hours. The current market capitalization is $327,853,102, and the current position is #101. There are 127,475,474 LUNA coins in circulation, with an unknown maximum supply.
Neo (NEO) Gains 13.15%
Neo describes itself as a rapidly expanding and developing ecosystem that aims to be the foundation for the next generation of the internet. NEO, which also serves as an investment asset, allows users to vote on blockchain changes. Neo’s Smart Economy facilitates the creation of new dApps and the operation of smart contracts known as NEO Contracts.
It uses delegated byzantine fault tolerant (dBFT) as a consensus mechanism, similar to the Proof of Stake (PoS) consensus process, to provide less expensive and faster transactions.
Neo (NEO) can run a variety of programming languages on its platform, making it a standout feature. This function is not available in other smart contract blockchains. As a result, Neo (NEO) is an excellent blockchain for carrying out various cryptocurrency projects. Because of its uniqueness, more developers are drawn to its platform, driving up the price of NEO.
NEO Price Chart – Source: Tradingview
The current price of Neo is $9.29, with a 24-hour trading volume of $96,692,649. Neo has gained 13.15% in the last 24 hours. It is ranked 63rd, with a live market capitalization of $655,109,322. NEO has a maximum supply of 100,000,000 coins and a circulating supply of 70,538,831.
On the technical front, NEO has formed a descending triangle pattern supporting it near the $8.09 level. Typically, the descending triangle pattern tends to break on the lower side; however, the triple bottom pattern is likely to push NEO’s price towards the $9.50 or $10.40 level. A breakout of the $8.09 level on the lower side can push NEO towards $7.06.
Tamadoge (TAMA) – A Meme Coin in Highlights
Tamadoge is another well-known coin and one of the top cryptocurrency gainers. Despite being a meme token inspired by Dogecoin, it has many applications and benefits for its users. Players can create their Tamadoge NFTs and use them to battle other players in the platform’s upcoming P2E game.
The TAMA token is used as a medium of exchange throughout the ecosystem. The $19 million presale for Tamadoge has just ended, with a total quantity of 2 billion. TAMA’s listing price is set at $0.03.
Over the previous few weeks, the community’s membership has skyrocketed into the tens of thousands, and this trend shows no indications of slowing down.
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Tamadoge is now listed at OKX and can be traded there. TAMA’s initial reaction was extremely positive, with the price pumping 89% to an intraday high of $0.0567 before exhibiting a bearish retracement.
By joining the OKX exchange, all new users automatically enter for a chance to win a $10,000 mystery box.
STEPN (GMT) Up By 10.29%
On the Solana blockchain, STEPN positions itself as a Web3 lifestyle app with GameFi features. Combining elements of a play-to-earn game with fitness software creates a new category called “move-to-earn.” Users can walk, run, or jog while earning in-game currency by purchasing NFT sneakers.
STEPN financially incentivizes users and plans to include social incentive components to achieve carbon neutrality.
STEPN Price Chart – Source: Tradingview
The current STEPN price is $0.684746, and there have been a total of $202,775,546 trades in the last 24 hours. STEPN increased by 10.29% the day before. It is ranked #85 and has a current market value of $410,847,659. There are 600,000,000 GMT coins in circulation, with a total supply of 6,000,000,000.
STEPN is likely to face major support near the $0.5964 level, having bounced off to trade at the $0.8070 level, which is acting as a resistance now. A bullish breakout of the $0.8070 level can lead the GMT price to $0.9215 or $1.1170.
Maker (MKR) Spikes 12.15%
MakerDAO and Maker Protocol are Ethereum-based decentralized organizations and software platforms. People can create and control the DAI stablecoin using the Maker (MKR) governance token. MKR tokens serve as voting shares for the company that owns DAI. They do not, however, pay dividends to their holders and instead give them voting rights in the development of the Maker Protocol.
The Maker is currently trading at $766.18, and there have been $43,556,423 trades in the last 24 hours. Maker has gained 12.15% in the last day. With a live market cap of $749,041,212, the current ranking is #58. MKR coins have a circulating supply of 977,631 and a maximum supply of 1,005,577.
MKR Price Chart – Source: Tradingview
The MKR/USDT is facing immediate resistance near the $787 level, extending by double the top level. The 50-day moving average (MA) suggests bearish bias under the $787 mark; however, forming the three-white soldier’s pattern can potentially drive an uptrend.
A bearish breakout of the $650 level could push the ICP price down to $615 or $505. In contrast, a bullish breakout of $787 may open up additional buying opportunities until $900 or $1091.
Chainlink (LINK) on a Rise, Up 9.59%
Chainlink, a blockchain abstraction layer, enables globally interconnected Smart contracts. Chainlink, a decentralized oracle network, enables blockchains to securely interact with external data feeds, events, and payment methods while providing the critical off-chain information required by sophisticated Smart contracts, quickly supplanting traditional digital contracts.
The Chainlink Network is supported by a sizable open-source community of data producers, node operators, Smart contract developers, researchers, security auditors, and others. The company’s primary goal is to enable decentralized participation for all node operators and users who want to contribute to the network.
Galaxy Digital and Chainlink Labs have teamed up to provide cryptocurrency pricing data to blockchains. The project will use Chainlink’s oracle network to send data directly to several blockchain apps, including those in the DeFi ecosystem.
LINK Price Chart – Source: Tradingview
As a result, the cost of LINK is rising. Chainlink was trading at $8.30 on September 27th, with a 24-hour trading volume of $646,162,975. LINK has gained 9.59% in the last 24 hours. LINK is now ranked number 21, with a market capitalization of $4,080,459,785. There is a total supply of 1,000,000,000 LINK coins and a circulating supply of 491,599,970.
The LINK/USDT pair has formed a symmetrical triangle pattern on the daily timeframe, extending immediate resistance near the $8.30 level, with support at the $7.50 level. A bearish breakout of the $7.50 level could push the ICP price down to $6.50 or $5.90.
In contrast, a bullish breakout of $8.30 may open up additional buying opportunities until $9.40 or $10.70.
Internet Computer (ICP) Up by 7.12%
Internet Computer (ICP) is a fast and scalable blockchain platform that supports Smart contracts. This initiative gives developers sufficient control over their data via internet apps. It provides game developers with an infinite and ideal platform for their games.
Decentralized gaming’s future is built on community-driven platforms that enable smart contracts. By implementing more community-driven initiatives, developers can create advantageous ecosystems that benefit both gamers and founders. Moshnake is committed to building a large gaming community and supports this consolidation.
It is just one of many advantages of purchasing, as the token has the potential to skyrocket.
As of September 27, ICT was trading at $6.35, with a 24-hour trading volume of $65,694,824. It has risen by 7.12% in the last 24 hours. The current market capitalization is $1,664,084,270, and the company is ranked 36th. There are 262,195,317 ICP coins in circulation, with an unknown maximum supply.
ICP Price Chart – Source: Tradingview
The ICP/USDT pair has formed a descending triangle pattern on the daily timeframe, extending immediate support near the $5.57 level, with resistance at the $6.58 level. A bearish breakout of the $5.57 level could push the ICP price down to $4.64 or $3.80.
In contrast, a bullish breakout of $6.58 may open up additional buying opportunities until $7.40 or $8.51.
Solana (SOL) Up 7.55%
Solana is a highly efficient open-source project that offers decentralized finance (DeFi) solutions by leveraging the permissionless feature of blockchain technology. It seeks to increase scalability by combining a proof-of-history (PoH) consensus with the blockchain’s underlying proof-of-stake consensus (PoS).
After a community vote, the Solana blockchain is now the official home of the decentralized wireless network Helium (HNT). On September 22, the Helium Foundation announced that a vote on Helium Improvement Proposal (HIP) 70 received an overwhelming 81.41% support from the community.
Solana Price Chart – Source: Tradingview
As a result, the cost of SOL is rising. The current live price of Solana is $34.85, and the 24-hour trading volume is $1,044,390,197. It has increased by 7.55% over the last 24 hours. The current ranking is #9, with a live market cap of $12,362,669,253. There are 354,782,216 SOL coins in circulation, with an unknown maximum supply.
The SOL/USDT pair is currently gaining immediate support near the $32.01 level, with resistance at the $35.05 level. A bearish breakout of the $32.01 level could push the SOL price down to $30.01 or $29.40. In contrast, a bullish breakout of $35.01 may open up additional buying opportunities until $38.90.
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This article was written for Business 2 Community by Arslan Butt.
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