This article emphasizes five popular crypto tokens: CRO, CROSS, HBAR, DOGE, and LDO, that are exhibiting strong momentum. Each possesses its own set of strengths, ranging from staking and gaming to DeFi and meme power, which make them top tokens to monitor currently.
The technical impulse was intensified by a growing hype around a proposed ETF, and Cronos (CRO) gained 7.4% over the last 24 hours. The price has been piercing above the crucial $0.116 resistance level and the RSI entered the oversold zone with the reading of 80, meaning that the buying pressure is high. The source of this buzz is largely because of the ETF filing submitted on July 8 (by Trump Media) which allocates 5 percent of the portfolio to CRO. Passive investment in the token would be possible in case it passes. Although the SEC has not reached the decision, the fact that Crypto.com is the custodian makes the investors optimistic.
In the meantime, money is increasingly shifting to altcoins because Bitcoin is no longer dominant in the market.
Cronos is a native token of a Crypto.com blockchain. It allows rapid transactions, cheaper fees, and increased DeFi applications, benefiting more users to have access to crypto facilities with ease.
Benefits
Applications: can be used to make payments and as collateral and rewards on Crypto.com.
Obtaining attention through the ETF interest and exchange role.
Enables the DeFi development contributing to the advancement of blockchain applications.
CROSS rose 14.07% in the past 24 hours to $0.289. This is largely due to new high-leverage futures listings and increasing exchange trade activity. Binance and KuCoin introduced CROSS futures with up to 50x leverage recently, tempting traders seeking instant profits like DOGE when there have been major price movements. On top of that, CROSS was listed on BitMart on July 11, allowing casual investors to more easily get in. Binance Alpha also kicked off a trading contest on BNB Smart Chain (July 10–21), and provided 10 million CROSS in incentives, doubling the trading volume.
CROSS is a blockchain made by developers specializing in a gaming environment. It is quick, EVM-compatible, and provides the facilities to develop Web3 games, and its gas, staking, and governance are realized using the $CROSS token.
Benefits
Suitable to high-speed onchain gaming.
Provides bridges, wallets and SDKs to build games easily.
A capped amount of tokens increases the attribute of long-term holders.
Hedera (HBAR) rose 7% in the last 24 hours, hitting $0.268, driven by a mix of technical momentum, ETF buzz, and DeFi growth. On July 12, HBAR broke above a key 4-month trendline and climbed past the $0.23 resistance level, sparking a rally. Its RSI hit 84.88, showing strong buying pressure, while open interest in futures jumped 20.5% to $461 million, suggesting more traders are betting on further gains.
To the thrill, Europe's inaugural HBAR staking ETF was rolled out by Valour, giving investor morale a boost. DeFi in Hedera is also thriving, with TVL catapulting to $215 million and stablecoin supply increasing by leaps and bounds. A new collaboration with NVIDIA on AI infrastructure provided additional strength. Now trading at $0.2714.
Hedera is the next-gen public network designed to be fast and secure. It secures smart contracts, file-sharing, and apps without being energy-intensive and business-unfriendly.
Benefits
Removes blockchain restrictions through fast and low-cost capabilities.
HBAR is employed in making payments, staking and governance.
Accumulating power by increasing DeFi and ETF news.
Dogecoin rose 12% over the last 24 hours to $0.238, largely due to increased support from large companies and robust market momentum. Thumzup Media revealed a $250 million crypto treasury featuring DOGE, and Bit Origin applied for a $500 million DOGE-specialized fund essentially how MicroStrategy supported Bitcoin. These actions demonstrate increasing institutional demand, which tends to bring about retail purchases. It is now trading at $0.2406.
Meanwhile, funds are entering memecoins as the dominance of Bitcoin in the market declined. DOGE also cracked above the resistance level of $0.22, and its RSI stands at 72, indicating further potential to rise. The recent run-up of XRP might also have buoyed DOGE sentiment.
Dogecoin began as a meme token, but it finds a real application now. With a huge fanbase and such virtuous celebrities like Elon Musk behind it, it continues to secure its niche in crypto.
Benefits
Known as a good tipping, meme and low-cost-high-speed-transfer currency.
Earned the trust of the investors with respect to the recent allocations of funds.
Forces break against good trading momentum.
Lido DAO (LDO) recorded a gain of 14.25% within the past 24 hours, in a great part by a significant investment by one of the co-founders of BitMEX, Arthur Hayes. He invested 1 million dollars in LDO on July 17 and this generated interest in the token. His action is considered to be a great indicator of confidence in Lido as a liquid staker and DeFi. Immediately following his purchase, the trading value of LDO went up by 218 percent to five hundred million dollars illustrating the level of attention it attracted. This is not the first occurrence as such purchases in LDO have been made on a large scale before causing the average of 11-20 percent prices in the past. It is currently trading at $1.06.
Lido DAO is one of the best options for staking liquid ETH. It allows the users to collect rewards without staking their tokens and utilize LDO to make governance and platform decisions.
Benefits
Allows stake ETH and retain access to funds.
LDO grants their owners a right to vote on the upgrades to the platform.
The fact is that whale interest demonstrates the increasing confidence in the project.
These five tokens are gaining attention for good reasons: real-world use, strong backing, and market growth. Whether you’re into DeFi, gaming, or meme coins, they offer potential in today’s crypto market. Always research before investing and stay updated.
Disclaimer: This article is for educational purpose only, kindly do your own research before investing into crypto market.
Muskan Sharma is a crypto journalist with 2 years of experience in industry research, finance analysis, and content creation. Skilled in crafting insightful blogs, news articles, and SEO-optimized content. Passionate about delivering accurate, engaging, and timely insights into the evolving crypto landscape. As a crypto journalist at Coin Gabbar, I research and analyze market trends, write news articles, create SEO-optimized content, and deliver accurate, engaging insights on cryptocurrency developments, regulations, and emerging technologies.
4 months ago
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