The crypto market has once again witnessed a spectacular movement today. While many tokens remained stable, some old and new projects surprised investors.
Virtuals Protocol ($VIRTUAL), Pi ($PI), DeXe ($DEXE), Zcash ($ZEC) and Dash ($DASH) have emerged as today's biggest Top Crypto Gainers.
Let's find out what exactly happened with these coins that led to a sharp surge in their prices.
1. Virtuals Protocol ($VIRTUAL ): The fusion of AI and Web3
Virtuals Protocol has proven to be the biggest surprise package of the week. This project aims to create 'Autonomous Digital Avatars' by combining Web3 and AI technology.
Price Surge: In the last 24 hours, a gain of up to 45% was seen in $VIRTUAL tokens.
Reason: The protocol recently released the 'Virtual Worlds Integration Update', allowing users to create their own AI-powered avatars to trade or interact in Web3.
Why it's trending: Many analysts believe that the AI-DeFi narrative associated with VIRTUAL could become a part of the market, just as $FET and $AGIX did in 2023-24.
Investor Attention: Developer activity and volume in the project are rapidly increasing, making it attractive for short-term traders.
2. Pi Network ($PI): Better late than never, but a spectacular comeback
Pi Network ($PI), which was once discussed as a mobile-based mining coin, has returned to trend due to news of its mainnet launch.
Recent Surge: In the last 24 hours, the price of $PI has jumped over 20%.
Trigger: The Pi Core Team has indicated that the Mainnet Transition Phase will begin in the first week of November.
Importance: This update is a huge relief for millions of users who have mined their Pi tokens for years but have not been able to transfer them until now.
Market Reaction: #PiMainnet has become a hot trend on social media, and the trading community is calling it 'sleeping giant awakening.'
3. DeXe ($DEXE): A new revolution in DAO and Copy Trading
DeXe Network ($DEXE ) is a decentralized social trading platform that allows users to auto-copy the strategies of top traders.
Price Hike: With a spike of over 30%, it is among today's top gainers.
Update: DeXe DAO has recently upgraded its staking module and added cross-chain support.
Why it's special: This project has the support of big names like Binance Labs and GSR, which has increased investor confidence.
Pro Tip: Projects like DeXe in the copy trading and social finance sector are considered strong candidates for the next alt-season.
4. Zcash ($ZEC): The return of Privacy Coins?
Zcash ($ZEC), known as privacy-focused crypto, is back in discussion after a long time.
Increase: $ZEC showed an 18% spike.
Trigger: Amid the ongoing debate over privacy regulation in America and Europe, investors have shown renewed interest in coins with private transactions.
Technical Point: Zcash has implemented its new 'Halo 2 upgrade' which makes zero-knowledge proofs faster and more energy-efficient.
Market Analysis: Analysts believe that if Bitcoin remains stable, privacy tokens like ZEC and XMR could rise further in the coming weeks.
5. Dash ($DASH): Old but reliable
Once a top-10 contender, Dash ($DASH) is back in the spotlight.
Growth: With a 15% increase, Dash hit a two-month high.
Reason: Dash Payments have increased again in Venezuela and some African countries, where local currencies are more volatile.
Why it increased: The Dash team has optimized its Layer-2 payment system, reducing both transaction fees and latency.
Long-Term Vision: Old users are calling it 'Digital Cash 2.0' and Dash is regaining relevance in micro-payment adoption.
Conclusion: Will these gainers continue to shine?
Today's top gainers — Virtuals, Pi, DeXe, Zcash, and Dash - are not just for short-term trading, but also a glimpse of upcoming trends.
While Virtuals and DeXe reflect the new-age AI and DeFi narrative, Zcash and Dash seem to be returning to their strong old fundamentals.
Pi Network is meanwhile becoming a bridge between user adoption and real utility.
Final Take:
If the market remains stable, these tokens could see more momentum in the coming weeks.
But always remember - with every surge in the crypto market comes risk, so DYOR (Do Your Own Research) is essential.
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