Top Crypto Gainers on 12 June – AAVE, COMP, 1INCH, THETA, And XEM 

The top gainers in the market today benefit from the outlook of the general crypto market and activities within their ecosystem.  Although the crypto market is volatile, traders often create strategies to benefit from price volatility.

However, some exciting presales offer investors an alternative means to realize some profit. Here are the top gainers in the market today and facts about their operations and ecosystems. 

Aave (AAVE)

Aave is a decentralized finance protocol that enables DeFi services such as lending and borrowing. 

Lenders earn interest by depositing their digital assets in liquidity pools granting access to borrowers to use collaterals to obtain ordinary loans and flash loans from the liquidity pools. 

Aave is one of the largest lending protocols in the DeFi space. It enables users to borrow and lend in over 20 cryptocurrencies granting them access to several choices.

Its flash loans are recognized as the first uncollateralized loan options in the DeFi space. However, flash loans require users to pay back within the same transaction. Additionally, borrowers can alternate between fixed and variable interest rates and choose the one most suitable. 

AVA traded at $68.14% on July 1. It is currently trading at $76.07 today, with an increase of over 4.9% in its price in 24 hours. Also, its trading volume increased by 2.72% in the last 24 hours.

AAVE Bulls Return

AAVE is in an uptrend today, forming a higher high with a second consecutive green candle on the daily chart. It is trading above its 50-day and 200-day Simple Moving Averages (SMA), a short and long-term bullish sentiment.

Also, its Relative Strength Index (RSI) value is 62.24, close to the overbought region of 70. Also, the RSI is rising, confirming the bullish trend. 

AAVE’s Moving Average Convergence/Divergence (MACD) is above its signal line, a bullish sentiment. Also, its Histogram bar for today is bullish. If the bulls sustain the rally, it will likely record more gains in the coming days. 

DeeLance (DLANCE)

DeeLance is a modern crypto project that connects freelancers to quality work. It applies blockchain technology to operate its decentralized platform while providing a transparent and secure platform for its users.

$ DLANCE is the native cryptocurrency that powers all activities on this platform and is currently on presale. The crypto token finds utility in the payment of services and other earning activities on the platform.

Rising interest in the presales confirms the positive reception for DeeLance in the crypto market. Freelancers now have a secured platform to find quality work and interface with Metaverse technology for greater efficiency. 

DeeLance Metaverse and NFT marketplace are outstanding features that will grant it future relevance. 

Key Features

Here are some features DeeLance offers its users:

Highly Decentralized Platform: DeeLance is a decentralized platform granting users control over their Web-3 experience. This creates transparency and trust and also protects a user’s privacy.
Escrow Protection: DeeLance’s Escrow protection feature preserves the earnings of freelancers and releases them once they satisfy the terms of their contract with the employer. It implies that fraudulent individuals cannot hold onto a freelancer’s payments since there is a third party involved.
NFT marketplace: Also, DeeLance enables its users to save work milestones as NFTs. These NFTs are traded securely in a marketplace where users earn $DLANCE as returns. 
Reliability and efficiency: DeeLance is a reliable and efficient platform for freelancer workers. It offers low rates for its services and does not maintain a minimum withdrawal threshold compared to other job boards. Also, transactions are fast and executed securely with blockchain technology. 

Get In Early Through DeeLance Presales

DeeLance presale began on March 30, 2023, and is still progressing. Currently, 1 DLANCE is worth $0.043, with a price increase in less than 4 days.

After the price increase, 1$DLANCE will trade at $0.048, drawing the presale close to its target milestone. DLANCE has crossed the $1.52 million mark out of its goal of $2.3 million at this stage. 

The presale continues to expand daily as more investors line up to acquire these tokens and profit from their price increase when it lists on exchanges. $DLANCE has a fixed listing price of $0.057, which will occur once the presale stages are concluded.

Despite its massive potential, investors must conduct proper research to understand the crypto market and trading.

Purchasing Guide

Users that wish to acquire these tokens can do so with the simple steps outlined below. Also, a crypto wallet such as Trust or Meta Mask is vital to purchasing these tokens.

Launch the Trust Wallet app from your mobile device and click on the browser tab.
Visit the DeeLance official website: deelance.com.
Once the DeeLance website opens, look for the BUY button and click on it. Tap on BUY to connect your wallet. 
Next, select the DApp Wallet option from your Trust Wallet or MetaMask.
Once it connects, select your preferred payment option. You can opt for Ether (ETH) or Tether (USDT).
Next, enter the number of tokens you wish to purchase.
Carefully review the transaction details and confirm. You will receive a notification once the process is complete.

Compound (COMP)

Compound is a reliable Decentralized Finance (DeFi) protocol giving its users access to provide liquidity for borrowers through lending in an asset pool. 

These pools generate passive income for the liquidity providers yielding interests on their stakes. Compound users’ access cTokens, a token representing their stakes in the lending pools. 

These cTokens unlock staked tokens from the lending pools when a user wishes to recall the tokens. Compound loans are secured and are equivalent to the collateral received from the borrowers.

It has sufficient liquidity, with $800 million as its Total Locked Value (TVL) serving as Proof of Reserve. This proof helps to assure investors that there is sufficient liquidity on the platform to prevent a collapse due to a lack of finances. 

Compound’s purpose is the provision of financial security for loans and liquidity. It operates a DAO governance model, with COMP recognized as the governance token. 

COMP Holders effect changes in the community based on the number of tokens staked in the system. Compound relies on advanced blockchain techniques to balance its financial operations and prevent losses. 

COMP is trading at $67.28 today, up by 3.88% in the last 24 hours. However, its trading volume is down by 21% today as the bears attempt to seize control. Its 7-day high is $68.82, a notable increase in July.

COMP Still In An Uptrend Despite Slight Retracement

COMP is gaining in the market today, despite pressure from the bears attempting to seize control of its price. 

It is trading in the upper region of the Donchian Channel (DC), expressing a bullish sentiment. Also, its RSI value is 68.13, close to the overbought region of 70. 

The RSI expresses a bullish sentiment, although it is moving sideways, showing the contest between the bulls and bears for control.  

COMP’s MACD is above its signal line, also confirming the bullish trend. Also, its Histogram bar is green, showing that its price action ahead will likely be positive. COMP will likely hold unto its gain in the short term.

1inch Network (1INCH)

1inch Network is a decentralized protocol unifier optimizing operations in the DeFi space. Its first protocol is a decentralized exchange aggregator solution that searches deals from multiple liquidity sources offering its users affordable rates.

It uses the Pathfinder algorithm to access over 300 liquidity sources across 10 chains, including Ethereum, BNB Chain, and Polygon. Also, it protects its users from front-running attacks offering opportunities to liquidity providers. 

Users access the 1inch Wallet, a multi-chain mobile platform for secure transactions, storing of tokens, and staking. 

1INCH is the governance and utility token on the 1inch Network. It enables stalking, participation in DAO governance, and access to 1inch Treasure management. 

1inch Network is the most audited DeFi project granting its users access to high security and affordable prices on the platform. It currently uses a Fusion mode where users exchange tokens on various DEXes without paying any network fees at affordable rates. 

1INCH currently trades at $0.3347, with an increase of 9.21% in its price in 24 hours. Also, its trading volume is up by 292%, showing massive trading activity from its investors today. 

1INCH On The Path To Recovery

1INCH is trading at the upper region of the Bollinger Band on the chart today. Despite forming a red candle, it is trading at a higher high, and the Bollinger Bangs tightening hints at a break to the upside for the token, a bullish sentiment.

Also, its RSI value is 48.99 in the neutral zone between the oversold region of 30 and the overbought region of 70. The RSI indicator is rising, confirming the bullish trend today.

The Stochastic Oscillator is at 66.67, close to the overbought region of 80 and moving upwards, a sign of bullish pressure for the token.  1INCH will likely continue its ascent on the charts till it enters a consolidation phase. 

Theta Network (THETA)

Theta (THETA) is a blockchain-backed network created for video streaming. It is a decentralized network where users share bandwidth and computing power on a Peer-to-Peer (P2P) framework.

Its native token THETA is vital to its network operations. It aims to revolutionize the video streaming industry, reducing costs and eliminating barriers to centralization. It also aims to decentralize data delivery and edge computing, boosting efficiency and reducing cost. 

Theta has two native tokens, Theta (THETA) and Theta Fuel (TFUEL). It gives its viewers quality streaming services providing additional revenue for content creators.

The Platform is open source, and its token holders wield governance powers in its community. Its Mesh network is also vital. It consists of a network of nodes that integrates with the ecosystem to share bandwidth.

THETA is trading at $0.79617 today, gaining over 4% on its price in 24 hours. Also, its trading volume is up by 68.62% showing signs of increased market activity. Also, it relies on a Proof-of-Stake (PoS) network for its security.

THETA Continues On Its Uptrend

THETA is trading in an uptrend today, confirming the bullish with a third consecutive green candle on the daily chart. 

It is trading above its 50-day SMA, a short-term bullish sentiment for the asset. Also, its RSI value is 557.24 in the neutral zone. However, it is rising, indicating the bullish pressure on the asset’s price.

THETÂ’s MACD is above its signal line, expressing a bullish value. Also, its Histogram bars are green, confirming the current trend.  Despite its bullish momentum, it still trades below its 200-day SMA, hinting at a bearish reversal ahead in the long term.

NEM (XEM)

NEM is one of the early blockchains in the crypto ecosystem that developed the Proof-of-Importance consensus mechanism. This mechanism seeks to reward on-chain activity and discourage the concentration of wealth associated with Proof-of-Stake.

NEM has a global community and serves as an alternate form of payment for vendors and businesses. It supports several social media apps in Japan, such as Nemgraph, its community alternative to Instagram.

XEM is up by 9.88% in the last 24 hours, trading at $0.03119. Also, its trading volume is up by 2214.22%, a massive surge in trading activity and a bullish price sentiment. 

XEM Finds Support At The 38.2% Fib Level

XEM is trading in an uptrend today, forming a higher high on the daily chart and a second consecutive green candle.

It found critical support at the 38.2% Fibonacci level of $0.028 and is currently trading above the 23.6% Fib level ($0.030). It implies that the bulls are in control of their price today. Also, its RSI value is 58.59 and rising, indicating bullish pressure on the token. Consequently, it will likely record more price gains.  

XEM’s MACD is above its signal line, confirming the bullish sentiment. Also, the green Histogram bar today indicates positive price momentum for XEM. It will likely retain its gains in the coming days. 

Launchpad.XYZ (LPX)

Launchpad XYZ is an analytical tool for traders providing deep insights powered by AI technology. It has a captivating interface that is user-friendly and easy to navigate to access its full benefits. 

Launchpad XYZ is leading the current wave of Web3 users prioritizing independence and decentralization. LPX, its native token, is relevant for the future based on its utility across various vital sectors.

According to the roadmap detailed in its whitepaper, focus is raising capital for new projects, acting as a launch pad. 

Key Features

Launchpad XYZ is the ultimate traders’ tool, providing the required skillset, signals, and training to maximize profit. 

The top features that make Launchpad XYZ unique are listed below:

Provides An Edge Over the Competition

Crypto trading is highly competitive, and Launchpad XYZ provides traders with reliable insights giving them an edge over competitors. Users have access to news, market historical data and live feeds, and trade setups of trading professionals. 

These features boost a trader’s chances of playing profitable trade and understanding the crypto market. 

Highly Efficient Trade Terminal 

On the Launchpad platform, the trade terminal feature assists users in executing their trade at peak market conditions to realize more profit. The terminal operates at high speed, conducting and monitoring trades till they close.

Also, Launchpad hopes to complete investor trades on the DEX platform with help from top liquidity providers.

An Education Portal

Launchpad XYZ offers its users opportunities to learn and understand the web3 ecosystem with its insights and in-depth analysis.  Also, it relies on market sentiment news providing a live news feed.

Users get first-hand insights into a crypto token’s potential, tapping into its deep AI resources. This feature prevents Launchpad XYZ users from falling for rug pulls and scam projects.

LPX Presales

According to its roadmap, Launchpad XYZ has ten presale stages. Each stage unlocks 25 million LPX tokens to users in a deliberate effort to increase the circulating supply gradually. Also, a price increase follows with every new stage, rewarding early investors. Launchpad is in its fifth presale stage.

Currently, each LPX token is worth $0.045. By stage 6, its value will increase to $0.046, with its official listing price pegged at $0.0565.  The presale is currently at the $1.14 million benchmark out of its goal of $1.55 million.

Early purchase of these tokens guarantees higher returns on paper for investors due to the fixed listing price. However, a token will likely experience price volatility once it lists in the open market. 

LPX Purchase Guidelines

$LPX is easy to acquire if users follow these simple steps. 

Visit the official website of Launchpad XYZ.
Select the preferred payment option USDT (Tether) or ETH (Ethereum) as the base currency to swap for LPX tokens.
However, if you do not have USDT or ETH in your wallet, purchase them from a reliable crypto asset exchange like eToro.
Next, register an account with the exchange, verify your identity and security, and deposit funds to your exchange account.
Create a digital wallet with Wallet Connect support or MetaMask-compliance
Connect your crypto wallet and the Launchpad XYZ presale platform through Wallet Connect or MetaMask.
Adhere to the detailed instructions on the Launchpad XYZ website to convert your purchased ETH or USDT into LPX tokens.
Input the quantity of USDT or ETH you wish to swap for LPX tokens.
Confirm your transactions to receive LPX tokens unlocked at the end of the presale phase.
Your secured crypto wallet will securely hold your LPX tokens till the presales conclude.
After the presales, follow additional instructions on the Launchpad XYZ platform to claim your LPX tokens.