Despite Bitcoin and Ethereum Dips, These 5 Cryptocurrencies Are Seeing Notable Shifts

In the latest market update, major cryptocurrencies are seeing notable shifts, with Bitcoin down 1.1% to $62,672, Ethereum falling 3.8% to $3,013

Major cryptocurrencies experienced diverse shifts in the latest market update, with Bitcoin and Ethereum facing declines while Solana dropped significantly. Despite this, the market showcased intriguing changes, including a decrease in large transaction volumes and an increase in daily active addresses. Netflows on exchanges also surged.

In significant cryptocurrency movements, a Bitcoin whale purchased $716.8 million worth of BTC, and Genesis transferred $1.5 billion in BTC and ETH. Meanwhile, analysts are keeping a close watch, predicting that Bitcoin could rebound, potentially reaching between $59,000 and $100,000 by early November.

Biggest Crypto Gainers Today – Top List

In a surprising turn of events, several cryptocurrencies bucked the prevailing market downturn, posting notable gains. Aelf led the pack with an impressive 18.41% surge in the last 24 hours. The token, which aims to be the “Linux system” of the blockchain community, is known for its innovations like side chains and a unique governance system.

Another top gainer was Aragon, which experienced a 3.73% increase. The token, used for payments, network services, and governance on the Aragon platform, saw its value rise following the recent integration of Aragon OSx and App on ZKsync. This integration will allow projects within the ZKsync ecosystem to launch and manage DAOs more efficiently.

AirDAO and Golem also posted gains of 3.28% and 1.71%, respectively. These gains can be attributed to the growing traction of AirDAO in the DeFi space and Golem in the computational markets.

1. Aelf (ELF)

Aelf is a customizable operating system (OS) designed specifically for blockchains. Aiming to be the “Linux system” of the blockchain community, Aelf addresses limitations in current technology. It introduces two key innovations: side chains and a unique governance system.

Aelf uses a main chain alongside multiple side chains to enhance scalability and performance. Consequently, each side chain manages specific smart contracts and communicates through the main chain.

In addition, Aelf employs a Delegated Proof-of-Stake (DPoS) consensus protocol. Token holders vote for mining nodes, which then manage mining rewards and network operations. Excitingly, Aelf recently partnered with Chain GPT. They launched an exclusive campaign on Zealy from July 31 to August 14, where participants can win $ELF and $CGPT by completing various tasks.

When it comes to recent performance in the crypto market, ELF has taken the lead with an impressive 18.41% surge over the last 24 hours. Priced at $0.425296, Aelf exhibits strong liquidity with a volume-to-market cap ratio of 0.4108, indicating active trading activity. Despite its substantial gain, it is currently trading 20.61% below its 200-day SMA, suggesting room for potential recovery.

The 14-day RSI at 31.40 shows that the cryptocurrency is neutral, possibly setting the stage for sideways movement. However, with only 11 green days in the last month, ELF’s price volatility remains low at 6%, reflecting stable price behaviour. Over the past year, the token has risen by 50%, outperforming nearly half of the top 100 crypto assets by market cap.

2. Aragon (ANT)

Aragon is an open-source platform designed for creating DAOs using AragonOS, a smart contract framework. It aims to enhance the flexibility and efficiency of DAO operations while reducing transaction costs with the Aragon Chain. Additionally, ANT is utilized for payments, network services, and governance, serving as a central tool in network governance. Furthermore, Aragon’s security is grounded in decentralization and automated consensus.

Recently, Aragon OSx and App went live on ZKsync, which allows projects within the ZKsync ecosystem to launch and manage DAOs more efficiently. This integration offers scalable, secure, and low-cost governance solutions through ZKsync’s Elastic Chain. As a result, DAOs benefit from affordable voting, enhanced user experience, and robust security. Consequently, this increased efficiency and accessibility of Aragon’s ecosystem could potentially boost the value and utility of the ANT token.

Currently, ANT has experienced a 3.73% increase in the past 24 hours, with its price now at $8.31. Aragon’s market dynamics are characterized by high liquidity, with a volume-to-market cap ratio of 0.0424. The token is trading 33.41% above its 200-day SMA, indicating a bullish trend, while the 14-day RSI at 44.76 suggests neutral market sentiment. In the past month, Aragon has recorded 13 green days, and with volatility at