Crypto

Top Crypto Gainers Today, April 21 – OKB, LEO, LHINU, DLANCE, CFX, ECOTERRA, BSV

04/21/2023
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Bitcoin and other top non-stablecoin cryptos were flashing red on Friday, but some altcoins were turning up with bulls fighting to scale them higher. These altcoins are amongst our top crypto gainers today, led by OKB, the utility token of the OKEx cryptocurrency trading platform.

Data from CoinMarketCap shows that OKB was the third amongst the top crypto gainers in the last 24 hours, up 1.6% to $53.4.  Leading the gains was Frax Share (FXS) which had rallied 2.15% on the day to trade at $9.06, followed by Zilliqa (ZIL) which was up 1.94% on the day.

Other top gainers among the top 100 cryptos were Onus Sed Leo (LEO), Conflux (CFX), Bitcoin SV (BSV), and Toncoin (TON) which had gained 1.28%, 0.77%, 0.44%, and 0.23% respectively, over the same timeframe.

Top Crypto Gainers Today

Top Crypto gainers toda
Source: CoinMarketCap

 

This analysis will look at important support lines for some of these top crypto gainers as well as look at the performance of upcoming projects in presale. These include Love Hate Inu (LHINU), Deelance (DLANCE), and Ecoterra.

Top Crypto Gainers Today – April 21

OKB Price Readies For A 12% Uptick

The first crypto on our list of top crypto gainers today is the OKEx token OKB which has exploded 14% over the last seven days following a consolidation period within the confines of two major moving averages. The token’s move caught the attention of both traders and investors, with the 24-hour volume surging by more than 470% to $$50,921,230, over the same period.

In addition to the growing interest among traders and investors in the OKB token, the OKEx crypto exchange continues to announce new listings on the platform. The network said on Thursday that “$ID @SpaceIDProtocol & $GAL @Galxe ” will be listed for spot trading on OKEx on April 20.

The exchange announced more listings on Friday adding support for Liquity Protocol (LQTY) and Alchemy (ACH).

At the time of writing, OKB was fighting resistance from the $55 level. The sellers are trying to sink the price below the said level while the bulls are attempting to continue the uptrend.

If the token produces a daily candlestick close above the $55 level, it will suggest that the sentiment remains positive and that traders are viewing the dips as a buying opportunity.

The buyers will then make one more attempt to overcome the resistance zone between $56 and $57. If they succeed, it will indicate the resumption of the uptrend. The OKB price may then rise toward the $58.85 local high, representing a 12.8% ascent from the current price.

OKB/USD Daily Chart

OKB price chart
TradingView Chart:OKB/USD

 

On the flip side, the downward movement of the Relative Strength Index (RSI) suggests that the bears have other plans. If they pull the price below the $48.5 support level, the selling could accelerate and the price may slump to the 50-day Simple Moving Average (SMA) at $45, the 200-day SMA at $32 and, subsequently, to the psychological level at $40.0.

LEO Price Seeks A Return To $3.6

UNUS SED LEO, the utility token of the BitFinex ecosystem, is soaring in price with over a 1.28% increase and $650 000 trading volume recorded in the last 24 hours.

The innovative token allows Bitfinex users to save money on trading fees. The extent of the discount depends on how much LEO the customer has in their account. 

The token is among the top crypto gainers today following Bitfinex’s achievement of “an A-grade” from CCData, formerly CryptoCompare, after “meeting the top tier exchange standard across several  categories”

According to the Hong Kong-based cryptocurrency exchange, it has and will continue to be “committed to financial freedom for everyone and that means providing the safest place to buy and sell crypto.”

It is expected that LEO will draw on these positive fundamentals and continue soaring higher.

After breaking out of the triangle on Thursday, LEO climbed to a high of $3.49 but has since retraced to the current price at $3.48.

Support is anticipated at $3.42, where both 50-day and 100-day SMAs appeared to meet, followed by another upswing bolstered by an upcoming bullish cross. This bullish signal will come into the picture when a short-term moving average, in this case, the 50-day SMA crosses above a long-term moving average – the 100-day EMA and is often interpreted as bullish.

LEO/USD Daily Chart

Leo Price Chart
TradingView Chart: LEO/USD

Having said that, the Moving Average Convergence Divergence (MACD) indicator enters the positive region strengthened by the RSI’s position above the midline. The price strength at 57 suggested that there were more buyers than sellers in the market, adding credence to the bullish narrative.

Despite the positive outlook, traders should also prepare for a possible trend change, possibly to allow LEO to sweep through more liquidity at lower price levels before resuming the uptrend. Profit booking could add to the selling pressure.

This would see the price drop below the triangle’s descending trendline at $$3.42 and back into consolidation. A move lower could see LEO drop further to seek solace from the support line of the prevailing chart pattern at $3.35. Traders could expect the token’s downside to be capped here for the short term.

Love Hate Inu Raises $5M In Presale

Third on our top crypto gainers list is Love Hate Inu, an innovative vote-to-earn (V2E) project that has raised more than $5 million in presale. 

Presales have become the biggest pathway to purchase crypto assets at discounted prices before their official listing on public exchanges, which often comes with a price increase.

Love Hate Inu on of top crypto gainers today

LHINU is the native token of the Love Hate Inu ecosystem. This revolutionary meme project stacks up utility and aims to replicate the bullish trajectory of leading meme coins such as Dogecoin and Shiba Inu.

The meme token presale has attracted a permeate of attraction from retail and institutional investors by providing a new-age vote-to-earn ecosystem.

The Love Hate Inu incentivizes users to vote on a wide range of topics from politics and economics to music and sports. It also gives users an opportunity to vote on controversial topics like the One Elon Musk ran on whether to reinstate US President Donal Trump’s Twitter account or not.

Therefore, Love Hate Inu aims to establish itself within the industry as a go-to platform for transparent and legitimate voting exercises, guaranteed by Ethereum, its host chain.

With over $5.07 million from early birds in presale, LHINU is bracing to be one of the best cryptos in 2023.

Currently trading at a presale discounted price of $0.000115 per token, $LHINU practical applications on voting are set to appeal to top brands and industries, increasing its price value and providing massive gains for early birds.

Visit Love Hate Inu here to buy your LHINU tokens before prices increase within the next three days.

DeeLance Raises Over $300K In First Stage Of The Presale

Just like Love Hate Inu, Deelance is one of the top crypto gainers today. Deelance is set to become the best blockchain project in the Web3 landscape due to its seamless freelancing and recruitment platform, enabling employers to connect to skilled creatives and collaborate on projects.

The platform seeks to disrupt the $761.6 billion human resource and recruitment industry by providing a Web3-powered decentralized platform that offers users control over their projects and the ability to receive fiat and crypto assets as payments.

DeeLance also incorporates stellar tools such as the metaverse and non-fungible token (NFT) technologies to drive its expansion above Web2-based platforms like Fiverr and Upwork.

Deelance metaverse experience

The platform simplifies employment by enabling freelancers to tokenize their services in NFT as proof of ownership, averting fraud and copyright infringement.

The Web3-based platform has recently launched its token, $DLANCE, on presale for a discounted price of $0.025 USDT. The presale has so far raised an impressive $333,000 in just a few weeks and is set to surge even further when it lists on public exchanges. This impressive presale performance places it among our top crypto gainers today.

Buy your Deelance tokens now before the price increases in two days.

Conflux Price Fights Resistance From The 50-day SMA

The bears pulled the Conflux price below the 50-day SMA on April 19 in a bid to resume the recent downtrend. At the time of writing, CFX was fighting resistance from the SMA at $0.33. 

This is an important support level for the bulls to reclaim because a break and close above it may tilt the advantage in favor of the bulls. The price may first rise to $0.45 and, later, to $0.50.

CFX/USD Daily Chart

Conflux price chart - april 21
TradingView Chart: CFX/USD

Conversely, if the price succumbs to the pressure from the 50-day SMA and drops lower, it will suggest that the bulls are trying to flip the $0.30 psychological level into support. If they can’t pull it off, the Conflux price may decline to the 100-day SMA at $0.21. A breach and close below this level will clear the path for a potential drop to $0.134.

This negative outlook was supported by the downward trending RSI. The price strength at $42 suggested that CFX price was under the control of bears.

Ecoterra – The Recycle-to-earn Project Raises More Than $2M In Presale

Another crypto on our list of top crypto gainers today is $ECOTERRA, the native token of Ecoterra, is a revolutionary recycle-to-earn (R2E) crypto project utilizing blockchain technology to motivate members to engage in efficient waste management.

Reduce your carbon footprint with Ecoterra

The R2E rewards approach inspires individuals to become eco-friendly and minimize their carbon footprint.

Though not yet available on public exchanges, $ECOTERRA has gained significant popularity through its ongoing presale, raising over $2.03 million from investors worldwide.

Currently trading at $0.00625 USDT per token in stage 4, the $ECOTERRA valuation is expected to rise as the presale progresses through the stages.

A key aspect drawing investor attention is the platform’s powerful utility. Ecoterra’s Recycle-to-Earn app feature allows members to earn $ECOTERRA tokens for recycling items like glass bottles, silicon cans, and plastics.

The earned tokens can be staked, traded on exchanges, or stored in a crypto wallet. This functionality is likely to attract more manufacturers interested in recycling used materials to enable cost-effective production processes.

As adoption grows, it will lead to more use cases and increased demand for $ECOTERRA, allowing the token’s price to rise significantly.

Visit Ecoterra here for more details on the project and the ongoing presale.

Bitcoin SV Price 

After trading near the resistance line of the symmetrical triangle pattern for a few days, Bitcoin SV turned down and dropped the support line on Wednesday.

The downfacing SMAs and the value of the RSI below 50 indicate that the bulls may be losing their grip on BSV. If the price breaks below the $34 support line, it will tilt the short-term advantage in favor of the bears. The Bitcoin SV price may then collapse to the $30 psychological level, where the buyers are likely to take a breather and regroup in an effort to mount a strong defense.

BSV/USD Daily Chart

Bitcoin SV Price Chart - April 21
Tradingview Chart: BSV/USD

On the upside, the first sign of strength will be a hold a bove the $34 psychological level. If this happens, it would bolster the BSV price back above the support line to confront resistance from the triangle’s declining trendline. A break and close above the resistance line could confirm a bullish breakout, opening the doors for a potential rally to $40.

BSV closes our list of top crypto gainers today, however, traders could wait to see the direction the pioneer cryptocurrency Bitcoin takes before making any bets. At the time of writing, the big crypto was hovering just above $28,000, down 2.83% on the day.

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Source: https://insidebitcoins.com/news/top-crypto-gainers-today-april-21-okb-leo-lhinu-dlance-cfx-ecoterra-bsv