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Top Crypto Gainers Today Aug 11 – Ankr Network, Astar Network, Dogecoin, PancakeSwap

Top Crypto Gainers Today Aug 11 – Ankr Network, Astar Network, Dogecoin, PancakeSwap

Insidebitcoin2024/08/12 07:26
By:Insidebitcoin

Today’s crypto market features top gainers such as Ankr Network, Astar Network, Dogecoin, and PancakeSwap. Ankr Network shines with its decentralized infrastructure and versatile Web3 tools, enhancing blockchain development and staking. Astar Network excels in integrating various smart contract platforms within its multi-chain framework, boosting interoperability. 

Dogecoin continues to thrive as a popular meme coin with broad community engagement and significant liquidity. PancakeSwap stands out for its efficient decentralized exchange on Binance Smart Chain, offering low fees and diverse trading features. Let’s dive into how these standout performers are making their mark and what makes their recent gains so compelling.

Top Crypto Gainers Today Aug 11 – Ankr Network, Astar Network, Dogecoin, PancakeSwap image 0 Top Crypto Gainers Today Aug 11 – Ankr Network, Astar Network, Dogecoin, PancakeSwap image 1

Biggest Crypto Gainers Today – Top List

Ankr Network is turning heads with a 7.97% price spike, showcasing its growing role in the Web3 world. Astar Network isn’t far behind, gaining 6.81% as it pushes boundaries with its multi-chain vision. Dogecoin, ever the crowd-pleaser, sees a 3.07% rise, continuing to charm with its playful roots. Meanwhile, PancakeSwap is up by 2.84%, proving its worth in the decentralized exchange arena. These coins are more than just numbers; they’re shaping the future of crypto in their distinctive ways.

1. Ankr Network (ANKR)

Ankr Network is a decentralized infrastructure provider with nodes across 50 Proof-of-Stake networks. It supports Web3 tools such as Ankr Build for developer solutions, Ankr Earn for staking and yield opportunities, and Ankr Learn for blockchain education. The ANKR token is essential for transactions, governance, and node monetization. It operates on multiple networks, including ERC-20 and BEP-20, setting it apart from centralized solutions like AWS Blockchain.

Moreover, Ankr secures its network using verification nodes and a reputation-based system. It employs intel SGX technology for robust hardware security. Additionally, Ankr’s Native Oracle System (NOS) ensures secure data transfers between on-chain and off-chain sources. Recently, Ankr partnered with LimeChain to enhance its Rollup as a Service (RaaS) product. This collaboration brings expert consulting and development services, adding more customization and value to Ankr’s offerings.

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Ankr is currently priced at $0.028222, reflecting a 7.97% surge in just the last 24 hours. This spike is backed by robust liquidity, with a 0.1462 volume-to-market cap ratio that signals healthy trading activity. Unlike some of its more volatile peers, Ankr’s 14-day RSI of 56.51 suggests the market isn’t overheating, meaning we might see some sideways action ahead.

However, with 47% of the last 30 days being green, it’s clear that Ankr has had its moments. Compared to Dogecoin, which saw fewer positive days, Ankr’s relatively low 10% volatility offers a less bumpy ride. Yet, despite its recent performance, it still trades 4.99% below the 200-day SMA, hinting at room for growth. Over the past year, Ankr has climbed 16%, slightly outperforming PancakeSwap but lagging behind Dogecoin.

2. Astar Network (ASTR)

Astar Network equips developers with crucial tools for building DApps and layer-two solutions. It provides interoperable Web 3.0 infrastructure, financial incentives, incubation programs, and technical support. Also, it supports both EVM and WASM smart contracts, enabling them to coexist and communicate. Moreover, it connects the Polkadot ecosystem with layer-one blockchains like Ethereum and Cosmos, serving as a multi-chain hub for DeFi, NFTs, and DAOs.

Astar distinguishes itself with its vision of integrating various smart contract platforms into a unified multi-chain framework. Built on the Parity Substrate framework, Astar benefits from upgradable blockchains, modular architecture, and customizable execution logic. Additionally, it offers features such as operator trading for tokenized smart contracts and Multi-Lockdrop for token distribution. Its security is further enhanced by the nominated Proof-of-Stake (NPoS) consensus and integration with Polkadot’s scalability and shared security.

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Astar is experiencing significant growth, currently priced at $0.0629, representing a 6.81% increase within a single day. Its liquidity, marked by a 0.2066 volume-to-market cap ratio, underscores solid market confidence. Similar to Ankr, Astar’s 14-day RSI of 57.91 suggests it’s holding steady, potentially ready for a sideways trade.

However, with only 40% of its last 30 days in the green, it’s slightly less consistent than Ankr. Yet, Astar edges ahead of PancakeSwap, with its price sitting 9.99% above the 200-Day SMA—a stark contrast to PancakeSwap’s 35.59% drop below its SMA. Over the past year, Astar has seen a modest 5% increase, trailing Ankr’s 16% rise and Dogecoin’s 41%, but remains competitive.

3. Mega Dice (DICE)

Mega Dice is a rapidly expanding crypto casino, already attracting over 50,000 players and handling $50 million in monthly wagers. It uses the $DICE token to offer exclusive benefits and rewards. The current presale is priced at $0.105266, allowing early buyers to secure tokens before the price goes up. Built on Solana, Mega Dice also supports Ethereum and BNB Smart Chain. Notably, the presale includes a $2.25 million airdrop spread across three seasons, rewarding active and early participants.

Furthermore, $DICE holders benefit from daily rewards tied to the casino’s performance, a unique feature in the industry. They also receive early bird bonuses and access to limited edition NFTs, which can be traded or used for special privileges. The token integrates smoothly with Mega Dice, offering exclusive rewards and access. Moreover, $DICE holders can earn a 10% commission on each purchase made through their referral link by referring users to the Mega Dice presale.

With a total supply of 420 million $DICE tokens, the allocation strategy is both dynamic and strategic. These tokens are earmarked for presale, exciting airdrops, vital liquidity pools, staking rewards, and savvy marketing efforts. The roadmap is equally ambitious, featuring key milestones such as token claiming, liquidity boosts, and enticing early staking incentives. Act now to join the Mega Dice presale, earn rewards, and potentially profit from future growth!

Visit Mega Dice Presale

4. Dogecoin (DOGE)

Dogecoin, inspired by the popular “doge” Internet meme featuring a Shiba Inu, was initially designed as a fun and light-hearted cryptocurrency. It aimed to attract a broader audience beyond Bitcoin’s core users. Unlike Bitcoin, Dogecoin uses Scrypt technology rather than the proof-of-work protocol. It features a 1-minute block time and has an uncapped total supply, meaning there is no limit to the number of coins that can be mined.

Moreover, Dogecoin mining can be performed on Windows, Mac, or Linux using a GPU, either solo or via a mining pool. Since 2014, Dogecoin mining has been combined with Litecoin mining. Today, Dogecoin is primarily used for tipping on Reddit and Twitter to reward quality content. Additionally, newcomers can obtain Dogecoin from faucets, which provide small amounts of the coin for free.

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Dogecoin, the king of meme coins, is currently priced at $0.107291, riding a 3.07% increase over the last 24 hours. With an impressive 3.1979 volume-to-market-cap ratio, it boasts unmatched liquidity, surpassing both Ankr and PancakeSwap. However, with a 14-day RSI of 72.55, it is clearly in overbought territory, which might signal a pullback soon.

Despite having only 37% of the last 30 days in the green, DOGE’s volatility sits at a comfortable 11%, mirroring the stability seen with Ankr and PancakeSwap. Yet, it’s currently trading 15.69% below its 200-day SMA, indicating a possible cooling period ahead. Over the past year, it has soared by 41%, outshining Ankr’s 16% and PancakeSwap’s 12%.

5. PancakeSwap (CAKE)

PancakeSwap is a decentralized exchange built on the BNB Chain. It enables users to trade tokens without relying on a centralized exchange. The platform offers various products, including token swaps, yield farming, syrup pools for staking CAKE, and Ethereum liquid staking (wBETH). Additionally, it features a game, a prediction market, Initial Farm Offering (IFO) token launches, a bridge to Ethereum and Aptos, a lottery, and an NFT marketplace.

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What sets PancakeSwap apart from competitors like Uniswap and SushiSwap is its operation on Binance Smart Chain (BSC) rather than Ethereum. This choice results in significantly lower transaction fees, with trading fees as low as 0.2%. It also provides faster trade execution due to BSC’s higher throughput. However, this advantage comes with a tradeoff in decentralization. The CAKE token is central to the platform and is used for governance and earning rewards through liquidity pools and staking in SYRUP pools.

Priced at $1.633716, PancakeSwap saw a modest 2.84% uptick in the last 24 hours. Its high liquidity, with a 0.0425 volume-to-market cap ratio, keeps it in the game. However, its 14-day RSI of 47.92 suggests it’s more on the fence, reflecting neutral market sentiment. Despite this, CAKE has had 43% of its last 30 days in the green, showing more stability compared to Astar.

Meanwhile, it lags significantly behind, trading 35.59% below its 200-day SMA—an area where top gainers Astar and Ankr have managed to outperform. While its 12% rise over the past year is respectable, it still falls short when compared to Ankr’s 16% gain and Dogecoin’s 41% rally. In a market where volatility is often king, PancakeSwap’s 11% 30-day volatility marks it as a relatively steady player.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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