3 tokens fueling today’s crypto gains, and sparking market buzz

Share this article

Latest News

The crypto market dynamics are slowly but surely changing. The Fear and Greed Index has hit 43–neutral zone after recovering from nearly falling into the Fear zone. The average crypto Relative Strength Index (RSI), which determines whether the market is overbought or oversold, is also in a neutral zone. When the overall crypto market is neutral, there are three coins that have been spotted for their extraordinary performance. MYX Finance, Worldcoin (WLD), and Story. 

MYX Finance outperforms other tokens, but why?

MYX is a non‑custodial derivatives exchange that supports on-chain trading of perpetual contracts of almost any token. The protocol was built with the aim of lowering the capital cost of providing liquidity, removing network‑related barriers for traders, and streamlining the trading flow so that advanced derivatives are as accessible as spot swaps.

image 61

MYX has outperformed most of the tokens in the market, registering a mammoth 1400% gain within the last 7 days. The token rose from nearly $1.2 to $17.8 within just a matter of days. On the 1-hour chart, MYX is trading inside an ascending triangle, which is bullish. However, as the pattern is not complete, the token may keep bouncing inside the pattern before breaking out and heading higher. An optimistic trader mentioned that MYX could reach $500 by 2026. 

Worldcoin’s (WLD) bullish momentum is on display

Revolving around World ID, a privacy-preserving global identity network, the Worldcoin project is on a mission to build the world’s largest identity and financial network as a public utility, giving ownership to everyone. Worldcoin appreciated from below $1 and surged past $2 following the announcement of Eightco Holdings’ plan to create a WLD reserve. 

Join our newsletter
Get Altcoin insights, Degen news and Explainers!
image 60

As WLD trades inside a bullish ascending triangle, the community is looking for the completion of the pattern, anticipating it to break out upwards. The Relative Strength Index (RSI) line is approaching the Simple Moving Average (SMA). Once they cross, WLD will touch produce another touch point–high close to the upper trendline until it breaks out. 

With institutional money flowing in, an analyst expects WLD to hit $4. 

Story (IP) climbs to the top 50 tokens by marketcap

Ranked among the first 50 tokens by market cap, Story (IP) is trading just above $10. The token. The layer one blockchain, which is designed to help creators register, license, and monetize their IP assets, is at its best performance after gaining more than 30% during the past 7 days. 

image 60

The above chart shows a clear pattern where IP formed a symmetrical triangle after a huge green candle. Since there is a big green candle followed by a small red one, there might be yet another symmetrical triangle forming before the price goes up and reaches $12. 

Disclaimer:
This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency investments are subject to high market risk. Readers should conduct their own research or consult with a financial advisor before making any investment decisions. The views expressed here do not necessarily reflect those of the publisher.

Related Articles

Share this article