Top Crypto Gainers Today 17 April – Casper, Injective Protocol, Rocket Pool

Top Crypto Gainers Today 17 April – Casper, Injective Protocol, Rocket Pool


The cryptocurrency market is currently facing a challenge as it tries to hold on to the momentum it gained after reaching key price milestones last week. 

Bitcoin and other cryptocurrencies have experienced a decline so far today, leaving the market anticipating its next major development.

 Amidst the recent market turmoil, what are the top crypto gainers today? 

Over the last 24 hours, Bitcoin has experienced a decline of 2.76% and slipped down to $29,494, breaking the significant $30,000 level that it had surpassed just last week for the first time in nearly a year.

Despite recently trading as high as $31,000 and climbing over 80% this year, Bitcoin has had difficulty solidifying these gains.

Cryptocurrencies are expected to remain influenced by the macroeconomic environment and fluctuations in the Dow Jones Industrial Average and S&P 500.

The 2023 crypto rally has been fueled by expectations that the Federal Reserve will adopt a more lenient monetary policy, which has also supported the stock market.

In an effort to control the highest inflation in decades, the Fed enacted a series of aggressive interest rate increases over the past year, affecting both cryptocurrencies and stocks, as higher rates reduce demand for risk-sensitive assets.

However, indications of cooling inflation and the negative effects of higher rates on various economic sectors, including the banking industry, have led traders to reconsider the Fed’s tightening of financial conditions.

Upcoming economic indicators, such as the weekly jobless claims on Thursday and Friday’s services and manufacturing Purchasing Managers’ Indexes (PMIs), will be released.

This may impact Bitcoin together with the financial markets as a whole, leading to the current hesitation seen in the market.

Additionally, comments from Federal Reserve officials will be closely examined before the May 2-3 policy-setting committee meeting.

Returning to the $30,000 level may be challenging for Bitcoin in this climate.

This milestone had been long-awaited, and some traders appear to be cashing in their gains around this price point.

Alex Kuptsikevich, an analyst at broker FxPro, explained, “Traders should be prepared that the $30,000 mark for the first cryptocurrency could act as solid resistance after it was rigid support in 2021. That said, technically, Bitcoin has already proven the end of the bear market by securing above key moving averages and steadily retreating from the bottom.”

Apart from Bitcoin, Ether, the second-largest cryptocurrency, is also down (-$2.48% at the moment) and is trading just below $2,100 after a recent outperformance due to the successful “Shanghai” upgrade.

However, it is not all bad news in the cryptocurrency market.

Despite the decline in Bitcoin, Casper (CSPR), Injective Protocol (INJ), Love Hate Inu (LHINU), Rocket Pool (RPL), and DeeLance (DLANCE) are some of the top crypto gainers today worth looking at, based on technical and/or fundamental analysis.

Casper (CSPR)

Casper was one of the top crypto gainers on Sunday when it closed with a 15.68% move to the upside.

After breaking out from the $0.043 resistance level on April 13, the cryptocurrency went on to move further into the upside for 3 consecutive days and set its year-to-date high of $0.061.

Heading into today’s trading session, CSPR has experienced some selling pressure pushing the price down to $0.054 with a loss of 6.32% so far today.

The 20-day EMA is currently at $0.044, which is above the 50-day EMA of $0.041 and the 100-day EMA of $0.038. 

This suggests a bullish trend for CSPR, as the shorter-term moving average is above the longer-term moving averages.

However, monitoring the price action to confirm whether the bullish trend will continue is needed.

Moving on to the RSI, it is currently at 70. An RSI reading above 70 is generally considered overbought. This confirms today’s negative price movement.

Examining the MACD indicator, the previous day’s MACD histogram was 0.00135, while the current day’s MACD histogram is 0.00140.

This indicates a slight increase in bullish momentum, but we need to confirm this with other indicators.

Looking at the volume, the current day volume is 94.743 million, which is lower than the previous day volume of 140.075 million.

However, we also have the volume moving average, which is currently at 48.368 million.

If the current day’s volume is above the volume moving average, it could indicate a potential trend reversal.

Plotting a Fibonacci retracement level in its most recent swing reveals the potential key levels in which the CSPR’s price may react.

Casper’s price is currently trading below the Fib 0.236 level at $0.054. If the price falls further, CSPR may potentially fall down to the Fib 0.382 support level at $0.050.

The immediate resistance level lies in the $0.061 psychological level.

Traders are advised to monitor the price action and wait for the CSPR to establish support before entering a position.

Injective Protocol (INJ)

The INJ token from Injective has witnessed an impressive price surge of over 60% on the weekly chart, outperforming major cryptocurrencies such as Bitcoin and Ethereum.

INJ’s notable price movements have earned a spot in one of the top crypto gainers on Sunday when its price closed with a gain of 13.54%.

Currently trading at $9.21, the token is inching closer to the $10 threshold and may continue its upward trajectory in the near future.

Injective’s ecosystem has recently been bustling with developments. On April 16, a tweet announced that the Injective mainnet had integrated with Kraken Exchange, a prominent cryptocurrency exchange platform.

In addition, the proposition to transition Pyth Network to an Injective mainnet garnered a 98% approval rate.

This integration will establish Injective as a unique player in the market, as it will be the only blockchain to have both IBC capability and Pyth on-chain, providing users with access to information from both the digital and physical worlds.

The project’s accomplishments are evident in the Total Value Locked (TVL) for INJ. Data from Defilama indicates that the TVL for INJ on Astroport has risen by 45.51%, while Helix’s TVL has grown by 22.19% over the past week.

This heightened network activity could be linked to the INJ token’s price advancements.

Along with the price uptick, INJ’s trading volume has also seen a significant 69.03% increase in the last 24 hours.

Although the global cryptocurrency market cap has declined, investor sentiment appears optimistic, as evidenced by a Fear and Greed Index score of 69.

This has led to most cryptocurrency prices trading with gains as bulls dominate the market.

The sentiment surrounding INJ is even more positive, considering the numerous developments within the Injective ecosystem.

From the beginning of April, INJ’s price has been on the rise, soaring from $4.34 on March 29 to its present value of $9.16 – a growth of nearly 120%.

At the time of writing, it is trading at $9.21 with a loss of 0.90% so far today. If the bulls maintain their grip, INJ could break past its current price and exceed $10 in the coming weeks.

However, if today’s negative price movement persists, INJ’s price may retrace to the Fib 0.236 level of $8.47.

LHINU’s Transparent Voting System Makes it One of the Top Crypto Gainers Today

The crypto market is turning its focus to Love Hate Inu (LHINU), a meme coin that has raised $4.47 million so far in presale and kicked off a demo voting competition.

This competition, with a $10,000 prize, allows participants to cast their votes on whether they love or hate Andrew Tate, a controversial figure currently under house arrest in Romania.

To join the competition, simply visit the Love Hate Inu website, follow the voting instructions, and share your vote on social media.

Although the end date remains undisclosed, the competition has already seen 4,400 votes over the weekend, with more expected in the coming days.

The Love Hate Inu project uniquely blends meme coin virality with a vote-to-earn system, giving users the chance to earn tokens while voicing their opinions on trending topics, critical issues, and the creation of new memes.

By staking LHINU tokens, users can take part in polls and even influence which ones are created.

At the heart of Love Hate Inu lies a secure and transparent voting platform, leveraging blockchain technology to ensure an honest and anonymous voting process.

This innovative approach has even caught the attention of Elon Musk, who has shown interest in using similar technology to combat bot accounts on Twitter.

Time is running out for potential investors as the Love Hate Inu presale price will soon increase from $0.000115 to $0.000125 in Stage 6 of its eight-stage presale.

The project has already seen significant growth, with Carl Dawkins, former head of growth at top-ranked meme coin Tamadoge, now serving as CEO.

As Love Hate Inu’s presale continues to gain traction, it has drawn comparisons to other successful meme coins like Dogecoin and Shiba Inu.

Visit Love Hate Inu Now

Rocket Pool (RPL)

The Shapella update to Ethereum has had unexpected repercussions on the cryptocurrency market, particularly for the native token of the Ethereum staking pool platform, Rocket Pool (RPL).

In the wake of Shapella, RPL has experienced a notable uptick in bullish momentum, leaving market observers to wonder where the price might be heading next in the following days.

Ethereum’s Shapella launch focused on enabling validators to withdraw their staked ETH rewards, but it also prompted concern among the blockchain community about the potential impact on Ethereum’s price and staking pool platforms.

Despite these concerns, the RPL token has defied expectations by echoing Ethereum’s previous week’s rally and enjoying a four-day surge in its daily price chart.

At present, Rocket Pool’s native token has seen a decline in price after reaching a daily high of $62.

The RPL token currently trades at $55.52 with a 6.45% loss so far today. However, this is a 3% increase from its intraday low of $53.30.

As traders speculate on RPL’s closing prices for the current trading session, it’s worth considering the role of Bitcoin in determining the token’s trajectory.

Earlier, Bitcoin failed to break through its $30,400 resistance level, and subsequently dropped sharply to $29,494, dragging down the prices of some altcoins, including Rocket Pool’s RPL.

However, RPL has shown relative resilience and stability despite Bitcoin’s decline, suggesting potential bullish strength and continuation if Bitcoin manages to recover and reclaim the $30,000 mark.

In the wake of Ethereum withdrawals exceeding $2 billion due to the Shapella launch, ETH staking on staking pool platforms has attracted significant attention and activity.

To illustrate this, Rocket Pool is now ranked as the third Ethereum staking pool by total value locked (TVL), according to Defillama.

The immediate resistance for RPL lies in the Fib 0.382 level at $56.02. If the price falls further, RPL’s price may potentially retest the Fib 0.5 level at $53.16.

How Deelance’s WEB3 Foundation Offers Advantages to Freelancers and Employers; One of the Top Gainers in Crypto Today

DeeLance, a digital freelance marketplace powered by Web3 technology, is set to redefine the recruitment industry by integrating non-fungible token (NFT) tech and the metaverse into its framework.

As the first platform of its kind, DeeLance focuses on transparency, simplicity, and contract ownership in a recruitment landscape valued at $761 billion.

What sets DeeLance apart from conventional platforms like Fiverr, Freelancer, and Upwork is its Web3 foundation, which creates new possibilities for businesses and freelancers alike.

The platform offers a secure, open, and easily accessible freelancing environment, eliminating the need for intermediaries in payment processing and work authorization.

One notable advantage of DeeLance is its reduced fees compared to competitors. Freelancers pay only 10% and employers pay 2%, making it an attractive option for users.

Payments are initially held in smart contract-based escrow accounts, which release funds automatically upon completion and approval of a task.

This eliminates late payments and reliance on third-party digital payment agencies, while also allowing for payment in fiat or cryptocurrency.

Within DeeLance’s metaverse, NFT avatars enable recruiters and creatives to interact in a virtual environment.

Employers can buy land, build offices, and conduct meetings, while freelancers showcase their portfolios and skills to attract job offers.

The $DLANCE token, the lifeblood of DeeLance’s ecosystem, is deployed on the Ethereum blockchain and is used for purchasing NFTs, land, and offices in the metaverse.

Currently in the early stages of its presale, $DLANCE trades at $0.025 USDT per token and has raised over $240,000 from early supporters in short order, making its presale one of the top gainers of the day.

The token’s price will rise to $0.029 in six days and to $0.053 USDT when it goes public.

Visit DeeLance Now


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