Top Crypto Gainers Today February 24 – DYDX, Uniswap, PancakeSwap, EOS

Top gainers DYDX, Uniswap, PancakeSwap, and EOS are making waves in today’s crypto market. DYDX, with its innovative trading services, has spiked by 20.09% in 24 hours, boasting a market capitalization of $644.31M. Uniswap, driven by community governance, soared by 68.34% to a market cap of $7.14B.

PancakeSwap flourishes on the BNB Chain with an 11.25% surge, holding a market cap of $757.44M. EOS, renowned for scalability, saw a 4.12% rise, valued at $0.806497. Also, Sponge V2, with over 4,917% increase in price since its launch and a current market capitalization valuation of $49.5 million, presents a compelling opportunity for investors.

Biggest Crypto Gainers Today – Top List

In the last 24 hours, the cryptocurrency market witnessed a mixed performance, with 45% of cryptocurrencies gaining value while 55% experienced losses. Notably, Uniswap emerged as the top gainer, surging by 69.42%, while Braintrust faced the highest loss at -18.84%. Over the past year, Pepe Coin recorded an astounding gain of 10,000,000.00%, contrasting sharply with ApeCoin’s significant loss of -68.34% within the same period.

1. dydx (DYDX)

DYDX is a decentralized exchange platform on Ethereum’s blockchain that offers diverse trading services, including borrowing, lending, spot, and margin trading. Users engage directly, without intermediaries, and can even bet on future crypto price changes.

Operating on liquidity and safety pools, dYdX enhances market liquidity and ensures user security when staking tokens. It has a unique Layer 2 scalability solution that uses zkSTARKS tech. This tech lets it validate transactions off-chain while staying decentralized.

Priced at $3.51, DYDX has surged 20.09% in the last 24 hours, with a market capitalization of $644.31M and a dominance of 0.03%. It experienced a 32% increase over the past year, underperforming Bitcoin and Ethereum. Trading 43.58% above the 200-day SMA, DYDX exhibits a neutral RSI at 45.04, with 57% green days in the last 30 days and low volatility at 6%. It trades with several fiat currencies and has high liquidity, with a volume-to-market cap ratio of 1.6469.

3,858,500 DYDX tokens has been sent from the Community Treasury to the dYdX Ecosystem Development Program. This funding will be used to serve partnerships for dYdX, helping support infrastructure, chain services, protocol development, and growth.

— dYdX Foundation 🦔 (@dydxfoundation) February 24, 2024

The latest development in dYdX introduces liquid staking in collaboration with Stride, expanding staking options within the Cosmos Ecosystem. Also, they plan to partner with other providers like Persistence and Quicksilver. dYdX expects to capitalize on the growing trend of liquid staking to offer users more yield opportunities and engage more in the DeFi space.

2. Uniswap (UNI)

UNI is the governance token for Uniswap, a leading decentralized exchange (DEX) pioneering the AMM model. Its holders drive critical decisions and manage protocol parameters, with 15% of the supply distributed to previous users through a retroactive airdrop. 

Uniswap, established in 2018 by Hayden Adams, operates on Ethereum, allowing trustless token exchanges through liquidity pools. The AMM model, devoid of order books, enables anyone to provide liquidity and earn fees.

Currently priced at $11.94, UNI has surged 68.34% in the last 24 hours, with a market capitalization of $7.14B and a dominance of 0.36%. Despite recent gains, UNI underperformed Bitcoin and Ethereum over the past year but traded 125.40% above the 200-day SMA. At the same time, the 14-day RSI signals neutrality, and the proposal for fee redistribution has spiked investor interest.

Now that the launch of Dencun on Mainnet has been scheduled for March 2024, we’re excited to provide an update to the community! 🎉

Uniswap v4’s launch is tentatively set for Q3 2024.

From community-built Hooks (https://t.co/WyaGr1Ti1t), to events, to Twitter Spaces, the…

— Uniswap Foundation (@UniswapFND) February 15, 2024

The Uniswap Foundation’s proposal aims to distribute fees to UNI holders, incentivizing staking and active governance participation. This proposal, pending on-chain voting on March 8, reflects ongoing discussions to enhance UNI’s utility. Uniswap v4 is scheduled for implementation in the third quarter of 2024 Synergy, with Ethereum Dencun positioning it for continued growth and innovation.

3. PancakeSwap (CAKE)

PancakeSwap (CAKE) operates on the BNB Chain, offering decentralized token trading and services like yield farming, staking, and an NFT marketplace. In April 2023, it adopted the deflationary token model “Ultrasound CAKE,” burning over 102% of minted CAKE weekly to enhance long-term value. With an open-source model and audits by reputable firms, PancakeSwap maintains transparency and security. 

Presently priced at $3.22, CAKE surged 11.25% in the last 24 hours, boasting a market capitalization of $757.44M and a dominance of 0.04%. With a 21% decrease over the past year, CAKE outperformed 20% of the top 100 crypto assets. Trading 40.63% above the 200-day SMA, CAKE exhibits a neutral RSI at 49.80, with 53% green days in the last 30 days and low volatility at 6%. 

🆕 Introducing the “Affiliate” Initiative

🍴DeFi protocols will receive recognition from the Kitchen to fork PancakeSwap on blockchains where we’re not deployed on

🐰Our user-friendly interface & multichain capabilities aim to expand access & opportunities in DeFi

💬Join the… pic.twitter.com/mhZkRp4HUT

— PancakeSwap🥞Everyone’s Favorite DEX (@PancakeSwap) February 23, 2024

In recent news, PancakeSwap plans to introduce an affiliate model, allowing developers to fork its code and launch versions on other blockchains. CAKE holders will benefit from affiliate forks, receiving native DEX tokens and a portion of trading fee revenue. PancakeSwap’s multichain capabilities aim to broaden DeFi access and opportunity.

4. Sponge V2 (SPONGE)

Sponge V2 is an upgrade to the esteemed SPONGE token, promising absorbing humor in the meme community. In response to a liquidity pool attack, the SPONGE team swiftly migrated all $SPONGE V1 holders to the secure $SPONGE V2 on the Polygon network.

This transition reduces the attack’s impact. It also speeds up the launch of a decentralized Play-to-Earn game with lower fees. As Sponge V2 gains momentum on Polygon, investor confidence grows, driving week-on-week gains for the $SPONGE token.

With over $10.18 million staked and bridged, Sponge’s strategic shift to Polygon aligns perfectly with the Ethereum Dencun upgrade, promising reduced gas fees and faster transaction times for Ethereum Layer 2 networks like Polygon.

Guys: women are so emotional.

Also guys at 3 am watching the $SPONGE chart like:#SpongeV2 #100x #memeCoin #Alts pic.twitter.com/pcFDuTLE9e

— $SPONGE (@spongeoneth) February 23, 2024

Also, the excellent migration process led to 8.55 billion $SPONGE V2 tokens being staked. Stakers earn token rewards at 189% per year on Ethereum and 909% on Polygon.

With the price of SPONGE V2 reaching $0.001254, representing a 4,917% increase on the V1 launch price, it has already surpassed the $SPONGE V1 all-time high. Liquidity in the SPONGE/WMATIC pair is healthy at $558,670.

Visit Sponge V2 Presale

5. EOS (EOS)

EOS, launched in 2018 after a record-breaking $4 billion ICO, is a public blockchain designed for decentralized applications (DApps) and smart contracts. Led by Dan Larimer, this top gainer differentiates itself with its scalability, handling over 3,000 transactions per second.

Using delegated proof-of-stake (DPoS), EOS achieves consensus through elected block producers, providing fee-less transactions. Competing with Ethereum and TRON, it hosts diverse DApps, including gaming and decentralized exchanges.

It has surged by 4.12% in the last 24 hours, landing at $0.806497. Despite a 31% decrease over the past year, EOS outperformed 6% of the top 100 crypto assets. It is trading 9.40% above the 200-day SMA, exhibiting a neutral RSI at 43.43, with 77% green days in the last 30 days and low volatility at 4%.

“Our commitment to innovation, community engagement, & strategic partnerships remains unwavering. The journey ahead is filled with opportunities for the EOS Network to redefine its capabilities.” 🗣️ @BigBeardSamurai

Read More in the $EOS Q4 Report 👇https://t.co/y31yXs5bJ8 pic.twitter.com/3jG05mwGbq

— EOS Network Foundation (@EOSNetworkFDN) February 23, 2024

With versatile infrastructures and custom smart contracts, EOS stands out for its technological prowess and strong community. Diverse communities within EOS foster innovation, with token holders collaborating closely with developers to drive growth. Upholding values like transparency, honesty, and accountability, EOS pioneers a community-led foundation, with users actively participating in network governance.

Now that we have gone through the unique features of today’s top crypto gainers, let us head on to the trending news in the crypto market. The UK Law Commission proposes a bill classifying cryptocurrencies as personal property, ensuring legal clarity. If enacted, it strengthens property rights in crypto-related disputes, advancing regulatory clarity in England and Wales.

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