The crypto market volume dropped by over 25% over the last 24 hours, while the dominance of Bitcoin shrunk by 0.13%. Amidst this, a few tokens managed to mark two-digit percentage returns and here are a few that fell under the spotlight.
Biggest Crypto Gainers Today February 5
1. Shiba Inu (SHIB)
Shiba Inu, regarded as the second-best memecoin after Dogecoin, recently marked an increase of more than 30% over the last few days. This has created a lot of excitement in the community and has been partially attributed to the launch of Shiabrium, a layer-2 blockchain built on the Ethereum mainnet.
Shiba Inu has had a history of sudden spikes, where once it increased by almost 10x. Such a performance is not likely, or rational to expect given the current market scenario. But the token is up by close to 100% since the start of the year, and that isn’t any less reason to celebrate.
As for the future outlook for the SHIB token, it is expected to continue undergoing an uptrend throughout February, while making a few corrections along the way. Shiba Inu competitor, Dogecoin, on the other hand, hasn’t been as active and has increased not more than 35% since the start of the year.
Created in 2020, Shiba Inu is an Ethereum-based altcoin that is represented by a Japanese dog Shiba Inu. Normally, it’s considered to be just an alternative to Dogecoin, both of which don’t have much utility apart from being speculative assets.
SHIB has been primarily used by investors to make quick gains in bull markets, where the price has rallied as an outcome of FOMO and support from the likes of Elon Musk, who has mentioned the coin on his Twitter account as well as made some retweets from parody accounts that feature the coin.
In addition to this, the high criticism the coin received has only helped increase its awareness, incentivising taking small bets for retail investors who expect exponential gains from the token.
If you’re interested in dealing with purely speculative assets, then there’s no harm in trading SHIB apart from the inherent risk involved. Apart from that, if you’re looking for tokens that have high utility, we have much better options mentioned below.
2. The Graph (GRT)
The GRT token rose in market cap by over a trillion in more than 8 months, registering an increase in the price of more than 20% on Sunday. At the time of writing, the token is trading at $0.118 and continues to increase in price incrementally.
GRT has been quite bullish over the last few days, bringing itself above the resistance level while continuing to trade at a lower volume. The relative strength index for the token stood at 67.62, and the money flow index is hovering around 77; both of which have been quite far from neutral levels.
The Graph is an open-source protocol for collecting and storing blockchain-based data for dApps, for quick retrieval of data when needed. It is based on the ethereum blockchain and helps blockchain-based applications be more efficient.
This decentralized protocol helps in indexing and arranging data on Ethereum and IPFS, in an ecosystem consisting of Indexers, Curators, and Delegators. The mainnet operates through a fee-based system where data consumers pay for queries and fees are distributed among participants.
According to a Q4 2022 evaluation by Messari, the number of active subgraphs has consistently increased and the count of Indexers and Curators also went up. Curators, for the record, earn fees by signaling quality subgraphs.
3. Meta Masters Guild (MEMAG)
Meta Masters Guild (MMG) is here with one of the most successful presales of the season, raising over $2.9 million in just about a month of launch. This is certainly a sign of a project that’s destined to become successful in the future.
MMG targets mobile gaming, a field almost untouched by crypto games, not limiting the gaming experience to a room, constrained to a desktop. Users will be able to play the game wherever they go, as long as they carry their smartphone with them.
The platform will initially feature three games, which include Meta Kart Racers, Raid NFTs, and Meta Kart. MMG is set to launch the first game in this list by Q3 of 2023. The game is likely to be a success as it blends web3 and blockchain, which has only been growing in interest among users.
MEMAG is the native token of the platform and will be quite crucial to the ecosystem. The tokens have a maximum supply of one billion. This limited supply is expected to increase the scarcity of the token and can help pump the price. In addition to being a great investment asset, token holders also get governance rights for the project.
The MEMAG token is undergoing a presale. Currently, in stage five of the presale, MEMAG tokens are available to purchase for 0.019 USDT and will increase to 0.021 in the next round of the presale. The project has a total of seven presales, by the end of which, it will mark an increase of 228.6% in price for initial investors. The current round of the presale will close in four days, so it’s best to buy the token to make gains on the listing day.
4. Fight Out (FGHT)
Making a move in the rather unexplored move-to-earn space, FightOut is here with a revolutionary project that will help you achieve your new year fitness resolutions, that could never be fulfilled due to lack of guidance, infrastructure or motivation.
FightOut will feature a mobile application that can be considered as a personal trainer, featuring numerous features such as fitness guidance, a progress score, comparison with other users as well as an avatar that will be unique to you.
The platform goes beyond the conventional approach of fitness apps which are limited to tracking steps. Fight Out does more than that, by opening up physical gyms where users can visit in person and train, and any progress made by the user will be reflected in their digital avatar- serving as a brilliant tool for motivation.
FightOut will feature two tokens, REPS and FGHT. Users will be rewarded with REPS anytime they make some progress, and the token can be used to make purchases inside the app. FGHT, on the other hand, will be critical to FightOut’s ecosystem and can be used to purchase REPS tokens.
Presale for the FGHT token is currently live, where users can purchase FGHT tokens for 0.01973 USDT. This price will increase progressively with time until the end of the presale, when the tokens will be listed on CEX exchanges, on April 5th.
5. C+Charge (CCHG)
The EV ecosystem is growing quite fabulously over the last few years, primarily dominated by Tesla which has one of the highest EV charging networks of over 40,000, and that’s just one company. Together there are hundreds of thousands of EV charging stations across the globe however they lack uniformity when it comes to payments.
C+Charge is set to revolutionize the EV landscape by introducing a carbon credit system using blockchain technology. Addressing common problems across the industry such as lack of transparency across charging stations and inconsistency in pricing across providers.
The company aims to make a name for itself in the projected trillion-dollar economy, as it enables users to pay for their EV charging with CCHG tokens, the native token of the project. Users who use these tokens to make a payment will be rewarded with carbon credits, which help offset the emission of carbon in the environment, and can be exchanged for CCHG tokens, thus minimizing the price of EV charging for users.
This mechanism will also help users to adopt EV vehicles more conveniently, as well as help in the awareness of the project. In addition to this, users will also get multiple incentives from the government as well as tax benefits when they use C+Charge.
As mentioned earlier, CCHG is the native token of the platform that is currently undergoing a presale and has raised over $671k so far. The token is currently available to purchase for 0.013 USDT and will increase to 0.0165 USDT once it progresses to the next round of the presale.
These tokens are deflationary, meaning a part of them will be burnt every time a transaction is made on the network, thus reducing their overall supply and helping increase the price of the token. Investors looking for a project with high utility should definitely consider investing in C+Charge.
6. RobotEra (TARO)
RobotEra is an all-new cutting-edge metaverse project that can very well outcompete the current number one project in the niche, Sandbox. It introduces exciting gameplay, complemented by a variety of play-to-earn opportunities while integrating NFTs with the metaverse.
Taro is a planet in the metaverse that has been destroyed by a massive army of robots, and it has now been left stranded after a chain reaction from a scientist who was responsible for the death of all the inhabitants. The robots left on the planet are now tasked with the job to rebuild it and develop infrastructure on the barren land.
Every player is a robot, and each robot is represented as an NFT in the metaverse. These NFTs can be staked to earn a passive income, or sold to a buyer. Apart from this, there are a bunch of other ways players can monetize their NFTs.
Players have complete ownership over all the assets in the game, including the in-game items and NFTs. These include the robots themselves, as well as every property they’ve built and have ownership over. Players can acquire these assets from the store, or build new assets such as a stadium, where players can charge other players for entry or decide to sell the property altogether. With Taro, the possibilities don’t seem to end.
TARO is the native token of that platform that is currently undergoing a presale, where participants can purchase the token at 0.020 USDT. So far, the project has raised over $816,000 and continues to attract new investments every other day.
If you’re looking for a metaverse project with a lot of potential, RobotEra is one of the best choices you’ve got. Hurry before the price increases to 0.025 USDT and the presale progresses to the next stage.
We went over some of the highest-gaining projects for the day, as well as looked at some exciting presales with a potentially brilliant future. We hope this list helped plan your investment portfolio, but always remember to do your research before investing in any cryptocurrency projects.
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