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Cryptocurrency News Articles

Biggest Crypto Gainers Today – Karrat, Terra Classic, Decred, and SSV Network

Sep 29, 2024 at 11:25 pm

In times like this, every investor seeks out key indicators of potential success: price trends, unique technologies, and market opportunities. Today, we turn our attention to the top crypto gainers—Karrat, Terra Classic, Decred, and SSV Network.

Biggest Crypto Gainers Today – Karrat, Terra Classic, Decred, and SSV Network

Biggest crypto gainers today: Karrat, Terra Classic, Decred, and SSV Network

In the dynamic world of cryptocurrency, where prices can fluctuate rapidly, investors are always on the lookout for the next big gainers. Today, we turn our attention to four tokens that have seen impressive price movements and generated buzz in the market. From Karrat’s surging NFT sales to Terra Classic’s latest burning proposal, let’s explore what makes these gainers so special.

Karrat (KARRAT) has emerged as the biggest crypto gainer today, continuing its upward trend for two consecutive days and reaching its highest price since August 24. Currently priced at $0.6515, it has surged by a staggering 14.27% in the last 24 hours alone. This increase is part of a broader trend, as Karrat has rebounded over 65% from its lowest level this year, elevating its market cap to over $48 million. However, it still sits about 68% below its all-time high.

Interestingly, Karrat’s rise coincides with a notable uptick in popular gaming tokens. Immutable X increased by over 44% in the last week, while other tokens like Gala Games and The Sandbox also saw gains exceeding 15%. Furthermore, Karrat’s rally is tied to the successful launch of NFTs on the My Pet Hooligan platform, which recorded $174,393 in sales over the last 30 days. Notably, its 24-hour sales surged by 88% to $9,575.

Looking at the project, Karrat is a decentralized gaming infrastructure poised to transform the gaming and entertainment industries. Leveraging blockchain technology supports innovative gaming, real-time animation, and AI-driven applications. This community-driven protocol provides essential tools for developers to create immersive experiences, enabling users to explore creative possibilities.

Moreover, Karrat’s future looks promising, especially after its partnerships with tech giants like Palantir and Nvidia. These collaborations could significantly strengthen its decentralized gaming infrastructure. Overall, Karrat’s impressive growth highlights its potential within the dynamic gaming and NFT space.

2. Terra Classic (LUNC)

Terra Classic is gaining attention again. As a blockchain that uses fiat-pegged stablecoins, it aims to create a stable global payments system. LUNC, the network’s governance and utility token, controls Terra’s stablecoin supply through automated algorithms. Investors can earn high returns by depositing into dApps like Anchor Protocol, which adds appeal.

What’s sparking the current excitement is the latest news about the USTC burning proposal. This initiative aims to burn 46.55 million USTC by targeting wallets associated with the Mirror Protocol. The Terra community, led by TerraForm Labs CEO Chris Amani, plans to burn all Terra Classic assets. This brings hope of reducing supply and driving up value. Though past burning efforts had little price impact, this renewed focus is drawing attention.

Now, this burning proposal seems to have sparked Terra Classic’s recent price surge of 4.50%. The possibility of reducing the token’s supply has likely attracted short-term traders. Moreover, the market cap-to-volume ratio of 0.0610 indicates strong liquidity.

However, the RSI of 57.12 suggests LUNC may trade sideways for now. With 17 green days in the last 30, the token shows some stability. Additionally, low volatility at 6% means any significant changes could come from this new burning proposal.

Nevertheless, in the long term, Terra Classic still faces challenges. It’s trading -99.95% below its 200-day moving average, showing a sharp decline from its earlier highs. Also, it’s up 53% over the past year, outperforming nearly half of the top 100 assets. Investors may view the current burn proposal as a turning point for this resilient technology.

3. Memebet Casino (MEMEBET)

The Memebet Casino presale is generating significant buzz, now exceeding $330,000 in funding. As the launch date approaches, users are invited to buy and wager with $MEMEBET, qualifying them for Airdrop Season 1. Currently, $MEMEBET tokens are priced at $0.0255; now is the time to jump on this offer.

This token enables play-to-earn rewards, allowing players to earn airdrops based on their wagering activities. Memebet Casino uniquely accepts deposits in popular meme coins, attracting holders of $DOGE and $PEPE. This innovative approach aligns perfectly with the growing demand for meme coin utility in the gambling sector.

Memebet takes the gaming experience to the next level with its no-KYC Telegram casino, perfect for those who value privacy while playing.

News source:insidebitcoins.com

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Other articles published on Nov 24, 2024