Echelon

Siacoin

Echelon Prime

Convex Finance

Saga

In the past 24 hours, the cryptocurrency market traded $386.14 billion, yet the mood remains cautious. With the Fear &amp; Greed Index at 31, fear is palpable among investors, casting a shadow over the market. Although the majority of cryptocurrencies, 81%, have lost value, a glimmer of hope persists as 19% managed to post gains. This stark contrast reveals a market grappling with uncertainty yet hinting at pockets of resilience.&nbsp;
<h2 id="b-biggest-crypto-gainers-today-top-list-b">Biggest Crypto Gainers Today – Top List</h2>
Despite the prevailing market volatility, a select number of <a href="https://insidebitcoins.com/news/top-crypto-gainers-today-aug-12-aelf-curve-dao-token-sui-crypto-compound" rel="noopener noreferrer nofollow">top gainers</a> are demonstrating substantial gains. Saga Protocol leads with an impressive 27% surge, driven by its transformative liquidity integration. Following closely, Convex Finance is up 8.72%, thanks to its enhanced rewards system. Echelon Prime also makes a notable impact with an 8.23% increase, strengthening its position in the Web3 gaming sector. Siacoin contributes to the positive momentum with a 4.17% rise, supported by its innovative decentralized cloud storage. Without further ado, let’s delve into a comprehensive analysis to examine their overall market performance.
<h3 id="b-1-b-b-saga-protocol-saga-b">1. Saga Protocol (SAGA)</h3>
Saga tackles liquidity fragmentation, a common problem with the rise of multiple blockchain chains and technologies. Traditional solutions like bridges and aggregators often require complex, manual setups, creating a challenging user and developer experience. However, Saga’s Layer 1 protocol introduces a streamlined approach through its Liquidity Integration Layer (LIL). Consequently, LIL automatically links new chainlets to a unified liquidity network, effectively addressing liquidity fragmentation and ensuring smooth cross-chain interactions.
<img decoding="async" class="aligncenter size-full wp-image-564101" src="https://insidebitcoins.com/wp-content/uploads/2024/08/SAGA-Price-Chart.png" alt="SAGA Price Chart" width="1200" height="539" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/SAGA-Price-Chart.png 1200w, https://insidebitcoins.com/wp-content/uploads/2024/08/SAGA-Price-Chart-300x135.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/SAGA-Price-Chart-1024x460.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/SAGA-Price-Chart-768x345.png 768w" sizes="(max-width: 1200px) 100vw, 1200px">
Its LIL features four key innovations. First, it automates bridge deployment, integrating bridge relayers into validators to simplify connectivity. Next, it establishes automatic liquidity routes, creating a central hub for all chainlets. Additionally, packet forwarding is automated, allowing seamless multi-hop transactions. Finally, cross-chain execution is handled automatically, enabling transactions across different chains without manual intervention. These innovations ensure a scalable, user-friendly experience, enhancing composability within the Saga ecosystem.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Today we are introducing Saga's Liquidity Integration Layer (LIL) – a groundbreaking solution to tackle liquidity fragmentation in the blockchain space. Here's what you need to know: 🧵👇<a href="https://t.co/hH22YXcrc6" rel="noopener noreferrer nofollow">https://t.co/hH22YXcrc6</a> <a href="https://t.co/A62ikbIAQv" rel="noopener noreferrer nofollow">pic.twitter.com/A62ikbIAQv</a>
 — Saga ⛋ (@Sagaxyz__) <a href="https://twitter.com/Sagaxyz__/status/1823072153618808899?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 12, 2024</a>
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In sync with this innovative project, Saga’s price soared by 27.19% in the last 24 hours, bringing it to $1.59. This remarkable leap is backed by strong liquidity, with a 5.9461 volume-to-market cap ratio, putting Saga in a league above many others. Over the past 30 days, it enjoyed 17 green days, or 57% of the time, showing a resilient upward trend. Interestingly, despite such movement, the 30-day volatility sits at a calm 15%, signaling that Saga’s climb might be more steady than speculative. If this momentum continues, Saga could be carving out a more stable path forward than its more volatile peers.
<h3 id="b-2-b-b-convex-finance-cvx-b">2. Convex Finance (CVX)</h3>
Convex Finance enhances rewards for liquidity providers on Curve without requiring direct staking on Curve. Instead, users can stake their CRV tokens with Convex to receive cvxCRV and boosted rewards. This allows Convex to accumulate a large share of Curve’s CRV tokens and veCRV. This, in turn, boosts its influence in the “Curve wars,” a competition to control Curve Finance, the largest DEX by total value locked (TVL). As a result, by aggregating liquidity, Convex increases user rewards and strengthens its market position.
<img decoding="async" class="aligncenter size-full wp-image-564102" src="https://insidebitcoins.com/wp-content/uploads/2024/08/CVX-Price-Chart.png" alt="CVX Price Chart" width="1200" height="504" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/CVX-Price-Chart.png 1200w, https://insidebitcoins.com/wp-content/uploads/2024/08/CVX-Price-Chart-300x126.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/CVX-Price-Chart-1024x430.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/CVX-Price-Chart-768x323.png 768w" sizes="(max-width: 1200px) 100vw, 1200px">
Security-wise, it is audited by MixBytes, confirming its protocol’s integrity. Its treasury is protected by a 3-of-5 multisig wallet with key DeFi stakeholders like Convex, Curve, Votium, and Frax Finance. Thus providing a strong safeguard against unauthorized transactions and enhancing overall security.
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 Locking <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$CRV</a> has been off the charts lately, so much so that even getting this animation done in time has been challenging. regardless, here it is for your viewing pleasure. 400m <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$CRV</a> locked in Convex Finance! <a href="https://t.co/HMPRfs7CMC" rel="noopener noreferrer nofollow">pic.twitter.com/HMPRfs7CMC</a>
 — Convex Finance (@ConvexFinance) <a href="https://twitter.com/ConvexFinance/status/1821541353618100699?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 8, 2024</a>
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CVX has experienced an 8.72% increase in price, reaching $2.52. However, despite this notable rise, its liquidity, with a 0.1606 volume-to-market cap ratio, does not match Saga’s strength. Furthermore, the 14-day RSI at 48.22 indicates that CVX is cooling off and could move sideways. It appears less dynamic, with only 12 green days out of the last 30 and a relatively low 12% volatility than some of its counterparts. Moreover, it is trading 30.12% below its 200-day SMA, which reflects a bearish trend. Over the past year, CVX has underperformed, with a 19% price drop, suggesting potential further challenges unless it manages to overcome its resistance levels.
<h3 id="b-3-b-b-shiba-shootout-shibashoot-b">3. Shiba Shootout (SHIBASHOOT)</h3>
<a href="https://insidebitcoins.com/visit/shibashootout" rel="noopener noreferrer nofollow">Shiba Shootout</a> is a meme coin project nearing a major milestone in its presale, having raised $933,841.26 out of a $1,699,291 goal. Currently, the token is priced at $0.0199, and its value is expected to increase after the presale ends. This anticipated rise is fueled by the success of its Wild West-themed P2E game, launched in April 2024. In this game, players earn tokens through engaging digital gun battles. The game’s positive reception is seen by strong reviews and its availability on Google Play and the Apple App Store.
<iframe title="Shiba Shootout New 10X Potential Meme Coin - NEXT SHIBA INU?!?!" width="640" height="360" src="https://www.youtube.com/embed/AN4vEYdNdPo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
The Shiba Shootout project offers engaging features, such as the ‘Posse Rewards’ referral program and ‘Campfire Stories’ for sharing experiences. Additionally, ‘Governance Roundups’ allow voting on project decisions, and the ‘Lucky Lasso Lottery’ provides chances for crypto prizes. Moreover, the ‘Cactus Staking’ feature lets users visually track their growing rewards.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🚀 Ready for the $SHIBASHOOT presale? 🎯
 1️⃣ Get a crypto wallet 2️⃣ Visit our website’s presale section 3️⃣ Connect your wallet 4️⃣ Swap your crypto for $SHIBASHOOT tokens
 🔗 Detailed info &amp; schedule on our site. Don't miss out on this digital duel! 🌐<a href="https://t.co/Fxf9PWP0gz" rel="noopener noreferrer nofollow">https://t.co/Fxf9PWP0gz</a> <a href="https://t.co/Gm5lJfFP8s" rel="noopener noreferrer nofollow">pic.twitter.com/Gm5lJfFP8s</a>
 — shibashootout (@shibashootout) <a href="https://twitter.com/shibashootout/status/1822579233157161163?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 11, 2024</a>
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In terms of token allocation, 35% of the <a href="https://insidebitcoins.com/visit/shibashootout" rel="noopener noreferrer nofollow">$SHIBASHOOT</a> supply is dedicated to the presale, with an additional 20% reserved for staking and 5% for the “Rootin’ Tootin’ Shooter Fund”. The project also earmarks 20% for marketing and 10% each for project funds and liquidity. Prospective buyers are encouraged to act quickly as the presale nears its end, with less than 24 hours remaining. Investors can join the presale by connecting their wallets and purchasing tokens using ETH, USDT, or BNB.
<a href="https://insidebitcoins.com/visit/shibashootout" rel="noopener noreferrer nofollow">Visit Shiba Shootout Presale</a>
<h3 id="b-4-b-b-echelon-prime-prime-b">4. Echelon Prime (PRIME)</h3>
Echelon Prime is the native token of the Echelon Prime Foundation, a Web3 platform focused on next-generation gaming. Developed by Eclat World, this platform merges decentralized finance with cutting-edge gaming innovation. At its core, PRIME is integrated into Parallel, a sci-fi trading card game, illustrating its practical role in the new gaming economy. Echelon Prime’s mission is to craft tools that drive the evolution of gaming models and expand digital economies.
<img decoding="async" class="aligncenter size-full wp-image-564105" src="https://insidebitcoins.com/wp-content/uploads/2024/08/PRIME-Price-Chart.png" alt="PRIME Price Chart" width="1200" height="524" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/PRIME-Price-Chart.png 1200w, https://insidebitcoins.com/wp-content/uploads/2024/08/PRIME-Price-Chart-300x131.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/PRIME-Price-Chart-1024x447.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/PRIME-Price-Chart-768x335.png 768w" sizes="(max-width: 1200px) 100vw, 1200px">
The system is secured with a solid multi-layered approach. It integrates with Ledger hardware wallets, protecting PRIME tokens from unauthorized access. Beyond this, the platform enforces stringent security protocols and staking requirements, which deter malicious actors. Additionally, constant monitoring allows for quick detection and response to potential threats.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Happy to see Echelon's Tournaments app getting rave reviews during the <a href="https://twitter.com/ParallelTCG?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ParallelTCG</a> Parallel League Kickoff Invitational!
 More to come. <a href="https://t.co/LDRmG95J9S" rel="noopener noreferrer nofollow">https://t.co/LDRmG95J9S</a> <a href="https://t.co/2R5u8fBHMV" rel="noopener noreferrer nofollow">pic.twitter.com/2R5u8fBHMV</a>
 — Echelon (@EchelonFND) <a href="https://twitter.com/EchelonFND/status/1822680967577833748?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 11, 2024</a>
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PRIME has surged by 8.23%, now trading at $6.21, showcasing a similar upward thrust to CVX, yet its journey seems more potent. Although it has medium liquidity, with a 0.0140 volume-to-market cap ratio, PRIME’s 14-day RSI of 65.68 signals that it’s nearing overbought territory, which might lead to some sideways action soon. Despite having only 12 green days in the last month, like CVX, PRIME’s 16% volatility suggests a balanced performance. Impressively, it is trading 50.39% above its 200-day SMA and has seen a 144% increase over the past year, besting a significant portion of the market. If this trend holds, PRIME could solidify its position as a formidable contender in the space.
<h3 id="b-5-siacoin-sc-b">5. Siacoin (SC)</h3>
Siacoin powers Sia, an innovative decentralized cloud storage platform. On Sia, users lease their unused storage space in a secure and trustless environment. Transactions and agreements are managed by smart contracts, with Siacoin used as the payment method. By offering competitive rates compared to giants like Amazon and Google, Sia aims to disrupt the traditional cloud storage market.
<img decoding="async" class="aligncenter size-full wp-image-564107" src="https://insidebitcoins.com/wp-content/uploads/2024/08/SC-Price-Chart.png" alt="SC Price Chart" width="1200" height="523" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/SC-Price-Chart.png 1200w, https://insidebitcoins.com/wp-content/uploads/2024/08/SC-Price-Chart-300x131.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/SC-Price-Chart-1024x446.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/SC-Price-Chart-768x335.png 768w" sizes="(max-width: 1200px) 100vw, 1200px">
To ensure network security, Sia uses a proof-of-work consensus algorithm. Files are split into 30 encrypted segments and distributed worldwide, providing redundancy and protecting data. This approach safeguards against data loss, except in extreme scenarios like major disasters. Additionally, hosts lock SC as collateral, which helps prevent malicious activities. These security measures make Sia a reliable and robust storage solution.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We're excited to announce the release of hostd v1.1.2! This update includes improvements to pricing configuration and minor bug fixes for the wallet. Updating is optional, but recommended to take advantage of the usability improvements.<a href="https://twitter.com/hashtag/DePin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DePin</a> <a href="https://twitter.com/hashtag/Sia?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Sia</a> <a href="https://t.co/KpZAzpLbRi" rel="noopener noreferrer nofollow">pic.twitter.com/KpZAzpLbRi</a>
 — Sia Foundation (@Sia__Foundation) <a href="https://twitter.com/Sia__Foundation/status/1811748985373135308?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 12, 2024</a>
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Examining the market performance, SC experienced a notable boost of 4.17%, nudging its price up to $0.004506. Its liquidity, marked by a 0.0422 volume-to-market cap ratio, is better than PRIME’s, hinting at solid backing. The 14-day RSI of 43.26 suggests SC might continue to trade sideways, mirroring its stable 8% volatility. With 14 green days out of the last 30, SC sits between Saga and CVX regarding positive performance. However, it’s trading 41.18% below its 200-day SMA, indicating it might still be struggling to regain lost ground. Yet, with a 29% increase over the last year, SC shows it has potential, though it may need a stronger push to outperform other top gainers.
<h2 id="b-read-more-b">Read More</h2>
<ul>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/top-crypto-gainers-today-aug-12-aelf-curve-dao-token-sui-crypto-compound" rel="noopener noreferrer nofollow">Biggest Crypto Gainers</a></li>
</ul>

Top Crypto Gainers Today Aug 13 – Saga Protocol, Convex Finance, Echelon Prime, Siacoin

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