Top Crypto Gainers on June 10 COMP, XEC, CRV, And LEO

The crypto market has retraced slightly today as the market forces act on the price of assets. However, some altcoins still record positive gains benefiting from the market volatility. 

Also, some exciting presales are ongoing with the promise of potential rewards for early investors. These crypto tokens have an exciting roadmap that promises users rewards based on their utility.

Although there are no certainties in the crypto market, most investors prefer to diversify their portfolios and reduce the effect of potential losses. Here is a list of the top gainers today, with exciting facts about their development and ecosystem.

Compound (COMP)

Compound is a Decentralized Finance (DeFi) lending protocol that helps users gain interest on their crypto assets. It provides its users with lending pools to earn interest on liquidity from borrowers.

The Compound pool is a unique space with detailed operations. Users hold cTokens as a representative token for their stakes in this pool. 

Interestingly, these crypto tokens unlock staked tokens from the liquidity pools whenever the user needs the staked crypto tokens. The loans on this platform are secure loans disbursed based on the value of collateral the borrower deposits.

Also, Compound has sufficient liquidity, with $800 million stored as its Total Locked Value (TVL). Its TVL serves as proof of its reserves, assuring customers of safety for their funds. 

The platform focuses on financial security, providing loans to users through its pools. It operates a DAO governance model with COMP recognized as the official governance crypto token. Also, COMP Holders can propose changes in their ecosystem and vote to support and enforce change based on a majority vote.

The Compound protocol relies on an intelligent system to protect its collateral from loss as it constantly maintains and monitors its liquidity levels. Compound continues to wax strong despite the crypto winter in 2022 that wrecked most DeFi platforms.

COMP traded at $52.46 on July 1, moving to $68.75 on July 2. It declined to $63.54 on July 3 and experienced bearish pressure dropping to $56.69 by July 6. 

Currently, it is trading at $60.02, with a 3.23% increase in its price in the last 24 hours. Also, its trading volume is up by 116.70% within 24 hours. 

COMP Finds Critical Support At 23.6% Fib Level

COMP is trading in an uptrend today despite the red candle formed; the long upper and lower wicks reflect the struggle between the bulls and bears today. It found critical support at the 23.6% Fibonacci Level ($59.64). This level will prove vital to an eventual rally. Also, the Stochastic Oscillator is at 69.26, close to the overbought region of 80.

However, the indicator moves sideways, implying that the asset price could go either way. COMP will likely retrace in the short term before it resumes its rally. 

eCash (XEC)

eCash is an improved and the latest version of Bitcoin Cash ABC (BCHA). This ecosystem is a fork from Bitcoin Cash, a breakout of the original Bitcoin blockchain. 

According to the developers, its main focus is serving as electronic cash and a currency for trading goods and services. Additionally, eCash has base units (smaller units) of its native crypto token XEC. These base units are called bits. Bits help to eliminate numerous decimals associated with the old model of Bitcoin Cash ABC. 

eCash relies on security from its Avalanche consensus mechanism. Avalanche is a fortified Proof-of-Stake layer with no affiliations with AVAX. Notably, eCash converted all its BCHA coins to XEC during its rebranding with a ratio of 1:1 million. 

According to the developers, they have an improved transaction throughput target to move the transactions per second (tps) from 100 tps to above 5 million tps. 

Another area of focus is a reduction in the total finality time. eCash hopes to improve its protocol with necessary upgrades and secure transactions. Also, faster transaction time and anonymity are the focus of this platform.

XEC traded at $ 0.00003674 on July 1, rising to $0.00003712 on July 2. It retraced slightly in the following days till it returned to $0.00003769 on July 7. 

It is currently trading at $0.00003457, a 2.83% increase in its price in the last 24 hours. Also, its trading volume is up by 161.60% in the past 24 hours showing massive trading activity today.

XEC Bulls Re-enter The Market

XEC buy pressure is high today as the bulls re-enter the market to kick-start a rally. It is trading in the upper region of the Donchian Channel (DC), a bullish sentiment for the asset. 

Also, the Relative Strength Index (RSI) value is 59.50 in the neutral zone between the oversold region of 30 and the overbought region of 70. The indicator is rising, hinting at a bullish trend ahead for the asset.

XEC’s Moving Average Convergence/Divergence (MACD) is above its signal line, expressing a bullish sentiment. However, the MACD is dropping and might soon retrace below its signal line. 

The MACD’s fading histogram bars also hint at a bearish sentiment ahead. XEC will likely experience a short-term retracement before it resumes its uptrend. 

Curve DAO (CRV)

The curve is a decentralized exchange for stablecoins that relies on an automated market maker (AMM) to manage its liquidity.

CRV is the token of the Curve Decentralized Autonomous Organization (DAO). The DAO relies on Aragon, an Ethereum-based creation tool, to connect several smart contracts for controlling liquidity.

CRV traded at $0.77 on July 1, declining to $0.76 on July 2. It rallied to $0.80 on July 4 before another retracement to $0.78 on July 5. It has returned to trade at $0.80 today, a 1.36% increase in its price in 24 hours. Also, its trading volume is up by 87.02% in the last 24 hours, showing a spike in trading activities. 

CRV is trading in an uptrend today, forming a higher high on the daily chart. It trades above its 50-day Simple Moving Average (SMA), a short-term bullish sentiment.

Also, its RSI value is 58.61 in the neutral zone between the overbought region of 70 and the oversold region of 30. The RSI is rising, indicating bullish momentum ahead for the asset.

CRV’s MACD is above its signal line, expressing a bullish sentiment. However, its Histogram bars are fading, hinting at a trend reversal. 

Also, CRV is trading below its 200-day SMA, a long-term bearish sentiment for the token. It will likely rally in the short term before the bears return to attempt a retracement in the coming days.

UNUS SED LEO (LEO) 

UNUS SED LEO is a utility token for the iFinex ecosystem. Its name is derived from a Latin reference in a popular Aesop fable. The English translation means ‘’one but a lion’’.

It enables Bitfinex users to save money on trading fees and earn discounts.  Based on its token burn mechanism. iFinex buys back LEO tokens from the market monthly. The amount purchased and burnt equals 27% of revenues from iFinex. 

LEO tokens operate on two blockchains. 64% of the original supply launched on Ethereum, while 36% launched on EOS. Also, the token offers user taker and lending fee reductions across all platforms, products, and services by iFinex. 

LEO tokens also come with a withdrawal and deposit fee discount of approximately 25%, with a discount on derivative taker fees. These discounts cover Bitfinex and EOSfinces as they are subsidiaries of iFinex. 

LEO traded at $4.1 on July 1 before slightly declining to $3.8 on July 2. It maintained the $3.8 price range with slight variations in the following days.

Currently., LEO is trading at $3.9 and shows slight volatility dropping less than 1% of its gains in the last 24 hours. The 44.88% decline in its trading volume in 24 hours might be behind the price volatility today.

LEO Faces Possible Retracement In The Coming Days

LEO is an uptrend today, forming a fourth consecutive green candle on the daily chart to confirm its uptrend. However, a close look at today’s candle’s long upper and lower wicks reveals a keen contest between the bulls and the bears for control.

It is trading in the upper region of the Donchian Channel (DC), expressing a bullish sentiment. Also, its RSI value is 57.22 in the neutral zone between 30 (oversold) and 70 (overbought). The RSI is moving sideways, showing price neutrality today.

LEO’s MACD is below its signal line, expressing a bearish sentiment. It implies that LEO might be approaching a period of retracement. However, the Histogram bars are fading and expressing a bullish sentiment.

LEO will likely hold onto its gains in the short term before a brief retracement period in the coming days. 

Chimpzee (CHMPZ)

Chimpzee is a captivating eco-friendly project created to preserve nature. Its target group includes trees, forests, and endangered wildlife species worldwide. 

It relies on Web3 innovations and blockchain technology to give users a thrilling experience on its platform. 

$CHMPZ is the platform’s native token powering all activities within its ecosystem. Its presales are ongoing and hold potential rewards for initial investors as they progress. 

CHPZ also serves as the currency to acquire merchandise affiliated with the platform.

Chimpzee Origins

Based on the backstory from the developers, the storyline captures a cinematic plot originating in the depths of the African jungle, where a legendary character was born. 

This legend is Max Chimpzeeski, a scientist with an extraordinary passion and drive to save the planet.

With unwavering focus and consistency, he forged a weapon to repel the forces of illegal poachers preying on endangered wildlife and deforestation activities.

Chimpzee is the product of those efforts, forged as part man, part ape, and part machine. This exciting storyline is captured within the ecosystem’s gameplay. 

Three Important Ecosystem Pillars

The Chimpzee gives its users access to three major earning opportunities. They include:

The Chimpzee Shop: This area promotes the Shop-to-Earn (S2E) model, where users earn CHMPZ tokens for shopping and purchasing merchandise in the store.
NFT Marketplace: NFTs are also part of this thriving ecosystem. The NFT marketplace promotes the platform’s Trade-to-Earn (T2E) earning model. 

Users can earn a fraction of the project’s trading fees while conducting activities on the NFT marketplace. Also, users gain access to acquire an NFT passport boosting their trading rewards.

The Zero Tolerance Game: This embodies the play-to-earn (P2E) model on the platform. It rewards users with CHMPZ tokens for active participation in the Chimpzee game.

Chimpzee Presale Growing Daily

CHMPZ presale is one of the most exciting presale events in 2023; its environmental impact makes it attractive to most crypto users.

Recently, Chimpzee went a step further to show their commitment to the cause, planting 20,000 trees in Guatemala to fight deforestation. This action created much-needed awareness worldwide about the project.

The presale is at the seventh stage, and each token is worth $0.0007. It implies that 1 USDT will acquire 1429 CHMPZ tokens for investors. Another price increase will occur in a few hours, moving the price of each token to $0.0000775.

The Chimpzee presale is currently at the $799,000 benchmark, with a target of $1.14 million in this stage. Therefore, investors must take advantage before the next price increment.

CHMPZ’s official listing price is $0.00185 on exchanges yielding paper gains of 176% for its initial investors.

Also, the Chimpzee-exclusive NFT passports will go to the initial investors after the presales. Early investors receive special access to Chimpzee Diamond NFT passports.

It is important because only Diamond and Gold NFTs holders can create a free avatar.

DeeLance (DLANCE)

DeeLance is a Web3-enabled job marketplace that provides practical solutions for its users in real-time. It is a freelancers’ hub connecting freelancers to quality employers over the fast and secure blockchain technology framework.

DeeLance provides all users with equal opportunities without discrimination and also protects their intellectual rights. It is decentralized and secured with deep crypto analysis. Also, it is Metaverse compliant. 

$DLANCE is the utility token that empowers its holders to engage in activities within the DeeLance ecosystem.

DeeLance Metaverse And The Job Market

DeeLance has evolved beyond traditional methods of job creation, granting its users access to its captivating Metaverse.

The Metaverse is that it supports virtual work activities globally, granting its users access to work remotely for rewards. Users can conduct official events such as meetings and appraisals within the expanse of the Metaverse.

Also, users host virtual networking events to exchange ideas about jobs. DeeLance removes geographical setbacks forming a virtual bridge connecting freelancers and employers. 

Users can acquire premium virtual office spaces properly decorated with DLANCE tokens. These features set Deelance apart from the regular job boards.

NFT Marketplace Enables Passive Income

DeeLance has an ultra-modern NFT marketplace for its users. It is a secure space for NFT trading and serves as a source of passive income for $DLANCE holders. 

Another added feature is that DeeLance NFTs help preserve a freelancer’s work milestones by converting them to NFTs. These NFTs are proof of ownership tokens and enable royalties for their holders. The marketplace is exclusively for DLANCE holders.

DeeLance Offers Reliable Protection

DeeLance remains committed to safeguarding its freelancers’ earnings using its Escrow protection feature. The Escrow serves as a neutral ground, ensuring that freelancers and employers are satisfied and deliver on their tasks.

Freelancers that lost their earnings to scam projects and fraud are safe on DeeLance since its users are verified.

Affordable Rates

DeeLance is affordable and charges considerate fees for services. The platform takes 2% from employers and 10% from freelancers’ earnings, representing one of the lowest rates today. 

Also, it offers instant withdrawal features with no limit or threshold for withdrawals. It gives DeeLance an edge in the freelance market.  Comparatively, other regular platforms have a minimum withdrawal amount of $100, which might be challenging for new freelancers.

$DLANCE Presales Progressing

$DLANCE is currently on presale and set to reward early investors.1 DLANCE token is worth $0.043, with its price set to increase to $ 0.048 in 5 days. The presales are above the $1.5 million mark, a testament to rising investor interest. 

DeeLance entered a partnership with  Bounce Finance, a decentralized auction protocol, to expand its customer base and build trust in the crypto community.

This partnership gives users access to several auctions on multiple blockchains to bid for assets. It reflects the growing adoption of DLANCE in the crypto community.

Ecoterra (ECOTERRA)

Ecoterra is an eco-friendly crypto platform that promotes the Recycle-to-Earn (R2E) initiative. It seeks to preserve the environment from degradation caused by indiscriminate waste disposal. 

To achieve its goal and mission, it rewards its users with $ECOTERRA tokens for recycling waste products. Ecoterra relies on Web-3 technology to create an effective recycling plan for the Earth. Also, it enables users to earn carbon credits for carbon offsets.

Carbon is a major pollutant produced by vehicles and machines that rely on fossil fuels. Presently, eco-friendly energy sources such as solar energy and other renewable energy sources are the current focus in most regions.

Outstanding Features

Ecoterra grants its users access to exciting features in their drive for environmental preservation and recycling. 

Recycle-to-Earn (R2E) mechanism: Users earn rewards for recycling waste products according to the environmental impact of the item recycled. 

To use Ecoterra’s R2E, users will scan the barcode of an item with the Ecoterra app and drop the object in a Reverse Vending Machine (RVM). The platforms will assign values to the recycled items to distribute rewards efficiently. 

Ecoterra marketplace: Also, users access the marketplace to trade recycled materials using ECOTERRA tokens. The marketplace connects users automatically to companies interested in buying such products.
Ecoterra’s Reverse Vending Machine (RVMs): This machine monitors recycling activities to determine the equivalent rewards. The RVM’s activities appear on the Ecoterra app simplifying the earning process.

Few Hours To Go For Ecoterra’s Presale

$ECOTERRA is less than two days away from its conclusion. In this final stage, each token is worth $0.01. Investors must act swiftly to accumulate ECOTERRA from the official website before the presales end.

Ecoterra is acquired using  ETH, USDT, or bank cards. The presale is above the $6 million mark and is approaching its target of $6.7 million.

As more investors stockpile these tokens, a late frenzy might begin due to FOMO among crypto investors. Ecoterra offers its users a 10% bonus in ECOTERRA tokens for every transaction within the presale period.

It ranks as one of the most exciting presales of 2023 and might replicate the early success of projects like $PEPE once it lists on exchanges.

 Its focus on eco-friendly practices makes the project relevant for the present and future since it aligns with the global focus of most regions.