Crypto Gloom

Top Cryptocurrency Earners Today, February 23 – Axelar, WOO Network, KuCoin Token, Gala

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By Crypto Gloom

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Today Best Cryptocurrency Earner, four tokens come to the forefront, each boasting unique features. Axelar (AXL) is leading the way with its cross-chain capabilities, recording a whopping 107% price increase over the past year. WOO Network (WOO) surged 14.80% in less than 24 hours, driven by efforts to provide liquidity.

KuCoin token (KCS) experienced a 5.80% surge thanks to its innovative profit sharing model. GALA has maintained stability despite a -37% price drop last year, showing resilience even amid market fluctuations.

What is noteworthy is that Scotty, who grew up with Ocean Protocol’s OCEAN, Fetch.AI FET amid a 7.7% market surge. These tokens embody the evolving cryptocurrency market, providing investors with a variety of opportunities for growth and innovation.

Biggest Cryptocurrency Earners Today – Top List

Despite Bitcoin falling slightly to $51,300, down 0.94%, the cryptocurrency space remains vibrant with a total market capitalization of $1.97 trillion. Market sentiment remains optimistic, as can be seen from the Fear & Greed Index of 76 (extreme greed). Axelar was the top gainer, surging 16.63%, while Livepeer experienced a loss of 11.35% in the last 24 hours.

One. Accella (AXL)

Axelar provides a decentralized network, development kit, and gateway smart contracts to facilitate secure cross-chain communication for Web3. Dynamic validators ensure security through PoS consensus mechanism. The native token, AXL, supports cross-chain transfers including AVAX, ETH, FTM, GLMR, and MATIC.

In particular, Axelar stands out for its secure cross-chain communication over proof-of-stake. Simplify development using protocols, APIs, and tools. Axelar’s current price is $1.530097, up 19.57% in the last 24 hours, and with a market capitalization of $883.32M, it controls 0.04% of the market.

AXL price chart AXL price chart

Axelar’s price has risen 107% in the past year, outperforming the top 100 cryptocurrency assets and 75% of Ethereum, but underperforming Bitcoin. It is trading 218.88% above its 200-day SMA, 30-day volatility is 14%, and 14-day RSI is 54.13, indicating a neutral sentiment.

Axelar’s latest developments include Sommelier’s L2 DeFi storage supported by Axelar’s General Message Passing, expanding monetization opportunities on Ethereum layer 2. More than $60 million is held in Ethereum storage. Sommelier aims to leverage new ways to reach a wider audience and generate revenue.

The Real Yield ETH vault is located at Arbitrum One. This represents the expansion of Sommelier beyond the Ethereum mainnet. They pursue strategies such as providing liquidity to DEXs and taking leveraged positions against staked ETH. Sommelier plans further L2 expansion leveraging the Axelar GMP Network to improve DeFi accessibility and innovation.

2. Woo Network (WOO)

WOO tokens play an important role within the WOO ecosystem, providing staking, fee discounts, and other benefits. WOO ecosystem products provide traders, exchanges and institutions with access to the highest levels of liquidity and trade execution, often at reduced or no cost.

WOO’s mission focuses on providing optimal liquidity under favorable conditions. Products compete not only on price execution, but also on integrity, user experience, innovative tools, and global opportunities.

WOO price chartWOO price chart

WOO Network’s price surged 14.80% in the last 24 hours to $0.474605, giving it a market capitalization of $868.26M. The WOO Network has seen a 101% price increase over the past year, outperforming 74% of the top 100 crypto assets. Although it underperformed Bitcoin, it outperformed Ethereum.

WOO Network indicates a Neutral sentiment when it has a 14-day RSI of 62.68 and is trading significantly above its 200-day SMA with a 50% green day over the last 30 days. With a 30-day volatility of 9%, the WOO Network maintains high liquidity, boasting a volume-to-market cap ratio of 0.1446. WOO trades in several fiat currencies including EUR, KRW, and USD.

three. KuCoin Token (KCS)

KuCoin token is the native token of KuCoin, introduced in 2017 to enable traders to enjoy the benefits of the exchange. Initially, KCS, Ethereum’s ERC-20 token, has a fixed supply of 200 million, with plans to buy back and burn until there are 100 million remaining.

As it evolves into a decentralized solution, KCS will play a pivotal role as a governance token and fuel for the ecosystem. Holders enjoy perks such as discounts and sharing of transaction fees. This unique model promotes passive income through daily dividends derived from KuCoin’s trading profits.

KCS price chart KCS price chart

The token’s recent 5.80% surge shows market interest, reflecting bullish sentiment. Despite outperforming 49% of the top 100 assets, KCS has underperformed against Bitcoin and Ethereum over the past year. It is currently trading 28.03% above the 200-day SMA, and the 14-day RSI is 59.35, showing a neutral mood. At the same time, there were 53% positive transactions over the past 30 days, low liquidity persisted, and the market capitalization-to-volume ratio was 0.0032.

Investing in these top earners presents potential opportunities due to their unique profit sharing models and benefits to holders. However, while recent indicators such as price surges and outperformance of some of the top assets are promising, it is important to acknowledge the bearish trend and low liquidity issues for Bitcoin and Ethereum.

4. GALA

Powered by Web3 and blockchain, Gala Games leverages GALA as its core utility token to facilitate NFT transactions and reward node operators. Daily emissions are split evenly, with 50% allocated to node operators and the remainder reserved for ecosystem growth. Prioritizing player ownership and gaming experiences, Gala simplifies blockchain transactions through Coinbase or MetaMask and facilitates NFT trading through OpenSea.

GALA price chartGALA price chart

In early 2022, Gala expanded into the music and film sectors with successful ventures such as the VOX NFT avatar project. Users collect in-game NFTs to enhance gameplay or trade them. Collaborations with external studios have enriched Gala’s diverse portfolio of games. Project GYRI, Gala’s blockchain solution, utilizes GALA as a gas token to enable seamless asset connectivity with Ethereum.

Despite the price falling -37% over the past year, GALA is trading 18.33% above its 200-day simple moving average. Although it performed poorly compared to Bitcoin and Ethereum, down -70.10% and -64.76%, respectively, it maintains high liquidity with a trading volume to market capitalization ratio of 0.3256. GALA’s 30-day volatility is 9% and the last month in the green was 50%. Although investors are bearish, GALA’s neutral trading stance, as indicated by its Relative Strength Index of 34.39, allows for stable cryptocurrency investments.

5. Scotty AI (Scotty)

Scotty A.I. It is a significant player in the burgeoning AI token market following the launch of OpenAI’s Sora and Vitalik Buterin’s tweet. The market saw a significant uptrend and the token gained an average of 7.7% within 24 hours. Especially with tokens like Ocean Protocol’s OCEAN. Fetch.AI FET gained over 10%, reflecting confidence in the future of AI.

Tweets hinting at AI’s potential role in smart contract audits further fueled interest in AI-related tokens. This has sparked gains in lesser-known tokens such as AI Scotty, indicating market receptivity to innovative applications of AI in the blockchain space.

AI Scotty leverages advanced features to redefine security and fraud detection in the cryptocurrency industry. Its goals include building trust and providing AI-based solutions. It also aims to promote community involvement and be seen as a symbol of security and integrity. With a fixed token supply of 1.73 million $SCOTTY tokens and an initial token audit for security. Scotty It is establishing itself as a promising project in the AI ​​token market.

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Let’s take a look at the current situation in the cryptocurrency market. oneA major American cryptocurrency company suspended USDC support for Tron, citing integrity and security reasons. They stopped issuing USDC on Tron and offered transfers or redemptions to institutional customers until February 2025.

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