Today, the total value of the global cryptocurrency market is $1.08 trillion, down 0.48% in the last 24 hours. During the same period, Bitcoin was traded at $25,771, and its value has decreased by 0.6% in the last 24 hours. Bitcoin is struggling to return to the $26,000 level after falling 0.8% last week.
However, in this bearish forecast, some altcoins are showing positive price movements. These altcoins rely on positive investor sentiment and interesting developments in their ecosystems to record price increases.
Here are the top winners on September 5 and the following possible price changes in the coming days.
SafePal (SFP) is a secure crypto wallet provider
The price of SFP on September 5 is $0.58, up 3.1% in the last 24 hours. It also confirms increasing buying pressure on the token, which has risen 16.4% in the last seven days.
What factors determine today's success?
On September 1, SafePal announced the release of a limited edition combination wallet in partnership with the Klatyn Foundation .
This collection features 300 collaborative hardware wallets with unique NFT numbers, highlighting SafePal and the Klatyn Foundation's mutual commitment to improving cryptographic security and user experience.
According to the ad , these wallets cost $49.99 with free worldwide shipping. This cooperation could lead to higher SFP prices this week. \
As buyers continue to press, SFP forms a gold cross, will the rally continue?
Source: Tradingview.com
The SFP is moving higher on the daily chart, recovering from a minor correction on September 4th to form a green candle today. It is trading above its 50-day and 200-day simple moving averages, indicating bullish sentiment and buyers' dominance.
The golden cross formed on September 1 confirms that the value of the asset will probably continue to rise. The Relative Strength Index (RSI) is also at 65.61, approaching the 70 overbought area.
This means that buyers can still take profits as the RSI will continue until it enters the overbought zone. The moving average convergence/divergence (MACD) shows a strong buy signal as confirmed by the green bars on the histogram.
SFP has risen above the $0.50 support level and is currently trading at the $0.58 resistance level. A break above this resistance level will send it into the overbought zone. SFP will likely continue to rise until buyers pull back and move it into a consolidation phase.
Maker (MKR) - DAO for senior management and finance
MKR is trading at $1,122 without significant price growth in the last 24 hours. However, it is up 10.0% in the last 7 days, indicating that there are buyers despite today's price apathy.
The final decision made by the co-founder of MKR and its consequences may still affect the value of MKR today. On September 1, MKR co-founder Ron Christensen said that MakerDAO will explore forking the Solana codebase for NewChain, a unique blockchain created by MakerDAO.
The decision sent shock waves through the cryptocurrency world as MakerDAO has close ties to Ethereum and is expected to be based on the Ethereum virtual machine.
Ethereum co-founder Vitalik Buterin apparently reacted to the development by selling 500 MKR for 350 ETH , equivalent to about $581,000, via CoWSwap . This movement of whales can affect the price of MKR.
The resistance level at $1176 intends to limit the MKR
Source: Tradingview.com
MKR is showing signs of a possible pullback by forming five red candles in a row on the daily chart. Bears at $1,176 are determined to limit price gains.
MKR is trading near the $1,110 support level as buyers try to re-enter the market. However, it remains above the Donchian Channel (DC), indicating a possible recovery in the asset.
The RSI is also moving sideways, showing a value of 51.53 in the neutral zone. This means that there are equal buyers and sellers in the market and the price can move in any direction.
Although the MACD remains above the signal line, the faint green bars on the chart indicate that the bears may break below the $1,110 support level. MKR is likely to recover if the bulls continue to clear the $1110 support in the coming days.
Stellar (XLM) is a decentralized P2P network
On September 5, the price of XLM increased by 1.3% in the last 24 hours to $0.12. Its price has increased by 7.6% in the last seven days, which confirms the increasing pressure on the token . This recent boom can be attributed to the recent tension created by the network's developers.
In a tweet dated September 2nd , Stellar announced that something exciting will be coming to the ecosystem in ten days . The announcement filled the community with excitement, anticipation and increased interest, which could lead to an increase in assets.
This message will be sent privately until September 12.
XLM is nearing the $0.129 resistance
Source: Tradingview.com
XLM is moving in an uptrend on the daily chart, forming a third green candle in a row on the daily chart. The upper wick of the candle is touching the $0.129 resistance after breaking the $0.112 support.
Furthermore, the XLM is located near the upper band of the Bollinger Band (BB), which indicates a possible price increase in the future. The Relative Strength Index is in the neutral zone, showing a value of 52.03 and rising as it tries to enter the overbought zone . If the RSI crosses 55, buyers intend to continue the rally.
The MACD is above the signal line, indicating a weak buy signal, while the green bars of the histogram confirm increasing buying pressure. If the bulls can clear the $0.129 resistance level, XLM will continue its rally in the coming days.
yPredict (YPRED) is a trading solution
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yPredict is an integrated artificial intelligence ecosystem designed for developers, quantitative analysts, traders and developers. It relies on advanced artificial intelligence technology to provide traders with high quality trading signals and offers them a reasonable level of trading success.
Cryptocurrency trading is booming and retail traders often compete with trading bots and large institutions. yPredict offers traders the benefit of detailed analysis and automatic recognition of chart patterns. It also provides the best indicators for traders based on past success, saving time and ensuring optimal trading.
yPredict is not limited to analyzing cryptocurrencies, making it versatile by providing reliable data for stock traders. There is also a unique marketplace where machine learning (ML) developers can offer their predictive models to other users and earn money from subscriptions.
This serves as a passive income channel for these developers, increasing the overall value of the ecosystem. yPredict's analyzes go beyond the surface: the yPredict editor provides global key recommendations for platform research with the help of artificial intelligence.
yPredict runs on the Polygon blockchain, the total supply is limited to 100 million tokens and is fully audited and KYC verified .
YPRED BEFORE SALE
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YPRED is the token that supports all activities on this platform. Each token is in the seventh stage of the presale, which is worth $0.1.
It has raised more than $3.71 million against a goal of $4.58 million. In the next phase, the price will increase by 11.11% to $0.11 and provide fiat rewards to early investors. YPRED will trade at $0.12 and the price is likely to rise after the IPO.
Users can purchase these tokens using ETH, MATIC, BNB, USDT, or bank cards by connecting their secure cryptocurrency wallets to complete the purchase.
Stakes increase the value of YPRED tokens
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YPRED supports buy and play functionality where users can redeem YPRED tokens after purchase.
Users who stake their tokens receive a share equal to 45% of the quarterly staking reward, i.e. 10% of the tokens paid for each new registration on the platform. This feature preserves the long-term value of YPRED tokens, as users will not experience a shortage of tokens immediately after the offering.
In addition, YPRED holders enjoy great discounts on services such as market, analytical tools and forecasting platforms. Platform payments are also made using YPRED tokens, which increases their value.
Over 20,000 waitlisted users and Yahoo! With regular features on major news sites like Financial and cryptocurrency news, yPredict is poised for cryptocurrency success. Investors should take advantage of the current price before the token price rises in the next sale.
Launchpad XYZ (LPX) - Analysis and development center
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Launchpad XYZ is a web 3 platform that delivers critical insights and analysis to traders, powered by Apollo's advanced AI technology. It gives traders an edge in the cryptocurrency market by providing them with the right strategies for profitable trading .
Launchpad XYZ will create a trading terminal where traders can capture the high-speed movements of the cryptocurrency market to generate income. In addition, the platform offers users learning opportunities with rewards for completing training and learning modules.
Launchpad XYZ has an active Telegram account where users can access high quality trading signals. Its exciting roadmap also promotes a community-based approach to ecosystem development.
LPX before sale
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The platform's token, LPX , is on sale for early investors with a 19% bonus and will expire in the next few hours. Since the initial sale, more than $1.58 million has been raised , which shows the great interest of investors in the token.
LPX is valued at $0.0445, which is very affordable and offers investors the best opportunity to redeem the tokens before a possible price increase after the listing.
Users can purchase these tokens using ETH, BNB, USDT or bank cards when they connect their secure cryptocurrency wallet to complete their purchase.
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Today's winning leaders are defying the overall downtrend and achieving increased buyer pressure. Positive changes in the ecosystem also contribute to the price movement of the token along with other external factors affecting the overall market.
Risk-averse investors can diversify by selling early to take advantage of a currency's potential listing. However , keep in mind that investing in cryptocurrency involves risk, and proper risk assessment and management techniques are essential to avoid unnecessary losses .
Additionally, cryptocurrency investors should practice the golden rule of never risking more than they can afford to lose, no matter how safe the investment is.