Top Crypto Gainers Today June 15 – Rocket Pool, Ethereum Name Service, SafePal, Axelar

Amid a turbulent week for cryptocurrencies, Bitcoin fell to $65,100. Altcoins such as Ethereum, Solana, Avalanche, Cardano and Near also suffered significant losses ranging from 10% to 20%. The market decline has been exacerbated by more than $870 million in liquidations. It reflects a reversal from earlier optimism fueled by easing inflation rates and economic projections.

Despite initial hopes for new highs, Bitcoin’s struggle to break out amid global economic uncertainties underlines a challenging period for crypto investors. Meanwhile, amid the volatility, promise remains as we examine the market’s biggest winners to discern potential opportunities.

Biggest Crypto Gainers Today – Top List

Today’s article analyzes the remarkable performance of Rocket Pool, Ethereum Name Service, SafePal and Axelar, which have emerged as top winners in the cryptocurrency market. Rocket Pool offers decentralized Ethereum staking with significant APR capabilities, while Ethereum Name Service simplifies blockchain interactions with its naming system.

SafePal stands out with its secure wallet solutions and robust hardware wallet, which appeal to millions of people worldwide. Axelar facilitates seamless communication across the chain, improving interoperability between decentralized applications. The impressive price increases of these projects underline their growing influence and appeal to investors in the dynamic crypto market.

1. Missile Pool (RPL)

Rocket Pool is a decentralized Ethereum stake pool, offering up to 4.33% APR for ETH2 stakes. Users can join Rocket Pool’s decentralized node network or set up their nodes with as little as 16 ETH. By running their nodes, they can earn commissions by staking ETH and receive additional RPL rewards. This setup allows for an APR of up to 6.36% for ETH and the additional RPL rewards.

Rocket Pool offers liquid staking, which means users benefit from a rising exchange rate without triggering taxable events. It also offers smart nodes, custom node software that allows anyone to run a node. Losses from bad nodes are distributed across the network, minimizing individual risk.

Users can stake with 0.01 ETH and receive rETH, a tokenized version of their staked ETH. rETH automatically accrues wagering rewards and is protected from cuts through insurance mechanisms. Furthermore, open source and controlled smart contracts ensure completely non-custodial deployment and a high degree of decentralization.

The Smartnode has been updated to v1.11.2

The latest version is recommended for node operators using Geth, Teku, Lodestar and Nethermind

Review the changes carefully before upgrading: https://t.co/0wiwtW3SES pic.twitter.com/qM6yX04vUX

— Rocket Pool (@Rocket_Pool) December 19, 2023

The current price of Rocket Pool is $24.30, up 22.40% in the last 24 hours. However, over the past year, its price has fallen 39%, making it underperform against 98% of the top 100 crypto assets. Furthermore, it is trading 15.62% below its 200-day SMA of $28.87. With a 14-day RSI of 44.22, the cryptocurrency is neutral. Nevertheless, RPL has high liquidity, with a market cap of $496.16 million and a 24-hour volume of $239.05 million.

2. Ethereum Name Service (ENS)

Ethereum Name Service is a decentralized, open, and scalable naming system built on the Ethereum blockchain. ENS converts human-readable Ethereum addresses such as “jane.eth” into machine-readable codes used by wallets such as Metamask. It also enables reverse conversion, linking metadata and machine-readable addresses to human-readable Ethereum addresses.

ENS aims to make the Ethereum-based web more user-friendly, similar to how DNS makes the internet more accessible. It uses hierarchical, dot-separated names called domains. Domain owners have full control over their subdomains.

ENS is unique in that it is the first service to port DNS to the decentralized Web3. It is an open source project, not a company, and functions as a public utility. Based on two smart contracts, ENS maintains a registry of domains and converts machine-readable addresses into domain names. ENS uses blockchain technology to be more secure and censorship resistant, avoiding a single point of failure.

This week in the ENS ecosystem 🧵 pic.twitter.com/jV1aqdEkkK

— ens.eth (@ensdomains) June 14, 2024

The current price of ENS is $22.74, up 10.60% in the last 24 hours. Over the past year, the price has risen 208%, surpassing 69% of the top 100 crypto assets. It is trading 152.33% above its 200-day SMA of $8.99. The 14-day RSI is 40.88, which indicates neutrality. ENS has had fourteen positive trading days over the past 30, with 30-day volatility of 18%. It has a high liquidity ratio of 0.5953, with a market cap of $713.95 million and a 24-hour volume of $424.99 million.

3. Basic Dawgz (DAWGZ)

Basic Dawgz has burst onto the scene with its innovative Refer2Earn mechanism, quickly raising over $1 million in its first seven days. It brings beloved meme characters into exciting base-jumping adventures, enabling seamless asset transfers between major blockchains such as Ethereum, Solana, Avalanche and Binance Smart Chain. Additionally, $DAWGZ offers a unique share-to-earn feature, where holders earn more tokens by sharing content on social media and referring friends.

The project’s rapid popularity is clearly visible, with more than 3,000 followers on X (formerly Twitter) and 1,500 subscribers on Telegram. The roadmap shows a strategic plan, starting with laying a solid foundation during pre-sales. The current phase focuses on expanding the community, while future phases promise exchange offers and incentive programs to encourage participation and rewards.

Base Dawgz’s tokenomics are designed for impact, with a total supply of 8,453,000,000 tokens. During the presale, 20% of the tokens will be available, with prices gradually increasing to reward early investors. Another 20% is reserved for staking and 20% for liquidity. The remaining 40% is allocated to marketing (15%), community rewards (15%) and listings (10%). Of $DAWGZ tokens are still affordable at 0.00502 USD, early participation is a smart move.

Visit Base Dawgz Presale

4. SafePal (SFP)

SafePal is a cryptocurrency wallet launched in 2018 to secure and enhance users’ digital assets. It offers both hardware and software wallets managed through the SafePal app. SafePal supports several crypto assets, including tokens on Ethereum, Binance Smart Chain (BSC), and TRON. With more than 3,000,000 users in 196 countries, SafePal allows users to securely store, manage, exchange, trade and grow their portfolios.

SafePal offers the SafePal app, Software Wallet and S1 Hardware Wallet. The S1 is an offline device with robust security features supporting over 30 blockchains and over 10,000 cryptocurrencies. SafePal Cypher is a metal seed zinc board that protects against environmental damage.

The native token, SFP, provides discounts for users and serves as a governance token. The SFP utility includes discounts on products, offering fees for DApps and tokens, and stakes for additional interest and gas cost tokens.

New @iSafePal App version V4.7.0 is LIVE!

🔹Web3 news feature added
🔹Added support for @taikoxyz

DL @iSafePal Wallet app: https://t.co/1b9tbSOOvD https://t.co/UKKndJF86h pic.twitter.com/lXNdrgD2rS

— SafePal – Crypto Wallet (@iSafePal) June 14, 2024

In terms of market performance, the value of SFP stands at $0.791012, reflecting an increase of 7.05% in the last 24 hours. Over the past year, the price has risen 121%, surpassing 52% of the top 100 crypto assets. SafePal is trading 35.65% above its 200-day SMA of $0.583112, with a 14-day RSI of 56.59, indicating neutrality. Furthermore, the positivity rate over the past 30 days was 47%, with a 30-day volatility of 3%. It also has high liquidity with a volume to market capitalization ratio of 0.0630.

5. Axelair (AXL)

Axelar is designed to enable secure cross-chain communication for Web3 applications. It provides developers with robust tools, including a protocol suite, APIs and smart gateway contracts, to enable seamless interactions between blockchains. A decentralized network of validators powers the network and operates based on a proof-of-stake (PoS) consensus mechanism. This ensures safe and efficient cross-chain transactions.

Good news: RippleX, the development arm of Ripple Labs, has updated the XRPL EVM sidechain. This improves interoperability by enabling compatibility between the Ethereum Virtual Machine (EVM) and the XRP Ledger (XRPL). Axelar plays a key role by facilitating a bridge that uses wrapped XRP (eXRP) as the native asset and gas token. This bridge ensures smooth asset transfers between XRPL and the EVM sidechain, streamlining user interactions.

The AXL token is native to the Axelar network and supports its internal operations. It also facilitates the cross-chain transfer of tokens such as AVAX, ETH, FTM, GLMR and MATIC via their packaged ERC-20 versions.

Ripple will use Axelar as a bridge protocol for EVM sidechain https://t.co/LZ2UCfunQH

— The Block (@TheBlock__) June 12, 2024

The price of AXL currently stands at $0.763687, reflecting an increase of 3.60% in the last 24 hours. Over the past year, it has risen a whopping 98%, surpassing 48% of the top 100 crypto assets. AXL is trading 59.80% above its 200-day SMA of $0.477891 and showing strong momentum. With a 14-day RSI of 54.13, the winner is currently neutral, indicating potential for future moves. It also has high liquidity, with a volume to market capitalization ratio of 0.1253.

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