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Today’s crypto market is exciting as we witness remarkable surges from top gainers like Stacks, Celestia, Fetch.ai, and Optimism. Stacks leads the charge by revolutionizing smart contracts with its Bitcoin Layer, utilizing Bitcoin’s hash power for security. Celestia stands out with its modular blockchain network, offering developers unparalleled freedom to craft tailored application environments.
Fetch.ai democratizes AI access through its decentralized machine learning network, promising innovative solutions across multiple industries. Optimism enhances scalability through optimistic rollups, boosting user confidence and solidifying its position as a leading Ethereum solution with improved security infrastructure.
Biggest Crypto Gainers Today – Top List
With the total crypto market capitalization soaring to $ 2.37 trillion, Bitcoin’s price stands at $ 62,933, albeit with a slight decrease of -1.95% in the last 24 hours. This translates to a Bitcoin market cap of $ 1.24 trillion, maintaining its dominance at 51.98%. Against this backdrop of a bustling crypto market, let’s explore the standout performers driving this fervour: Stacks, Celestia, Fetch.ai, and Optimism.
1. Stacks (STX)
Stacks is a Bitcoin Layer for smart contracts, enabling decentralized applications to utilize Bitcoin as an asset and settle transactions on the blockchain. With Stacks, transactions are automatically hashed and settled on the Bitcoin L1, leveraging 100% Bitcoin hash power for security.
Unique to Stacks is its trust-minimized Bitcoin peg mechanism. It introduces a decentralized, non-custodial asset, sBTC, for faster and cheaper smart contract operations while maintaining safety. It also supports Clarity language for smart contracts, which offers safety and predictability, with knowledge of the full Bitcoin state for a consistent decentralized peg state.
STX price today stands at $2.85, with a 9.55% surge in the last 24 hours. Its market dominance is at 0.18%, showing a 138% increase in the past year. Currently trading 192.14% above the 200-day SMA, Stacks displays neutral trading indicators with 53% green days in the last 30 days and a 30-day volatility of 6%.
🟧 Stacks X Bifrost 🟧@Bifrost_Network & @StacksOrg announced an ongoing cooperation aimed at increasing the utility & interoperability of Bitcoin-based assets & protocols.
This collaboration will be highlighted by multiple integrations for sBTC & BtcUSD. More info below. 1/4 pic.twitter.com/lKb3qsotzB
— stacks.btc (@Stacks) March 14, 2024
In the latest development, the Bifrost Foundation has joined forces with the Stacks Foundation to explore new horizons within the Bitcoin ecosystem, aiming to amplify Bitcoin’s utility and interoperability. This partnership heralds the introduction of Btcfi by Bifrost, a pioneering service facilitating the creation of BTCUSD, a stablecoin firmly pegged to Bitcoin. Meanwhile, Stacks is gearing up to unveil sBTC, an innovative programmable asset backed by Bitcoin, poised to revolutionize decentralized transactions across Bitcoin’s layers. This collaboration expands Bitcoin’s application system and opens up fresh opportunities for users of both Bitcoin and Stacks.
2. Celestia (TIA)
Celestia transforms blockchain technology with its modular network, streamlining the deployment process for custom blockchains with minimal complexity. By separating execution from consensus through innovative data availability sampling techniques, developers are granted unparalleled freedom in crafting tailored environments for their applications. This approach addresses the scalability challenges of traditional monolithic blockchains. It also ensures a robust framework that upholds security and decentralization principles.
Furthermore, its modular architecture facilitates a dynamic space for experimentation within the blockchain. Celestia empowers developers by enabling the rapid deployment of both application-specific and general-purpose blockchains. They can leverage its validator set’s security, establishing a robust foundation for various blockchain projects. This modular approach grants developers complete control over their application’s rules, enabling effortless technological stack adjustments without burdensome external dependencies or approval procedures.
Welcome to the Infinite Space Bazaar ☄️
Get ready for the first global online Celestia hackathon, from April 2 to May 17, with $100k+ in prizes. 🏁
Register now: https://t.co/IX9i0XMiVN pic.twitter.com/tBGBvv8zHz
— Celestia (@CelestiaOrg) March 18, 2024
TIA’s current price is $13.07, with an 8.45% increase in the last 24 hours. It trades significantly above the 200-day SMA and maintains neutral trading indicators. Celestia showcases resilience and promising growth prospects, evidenced by its 43% positive trading days in the past month and a low 7% volatility over the same period. Additionally, its robust liquidity, boasting a volume-to-market cap ratio of 0.4594, underscores its position as a formidable player in the blockchain landscape.
3. Smog (SMOG)
Smog is a cryptocurrency that combines the excitement of meme coins with the robustness of the Solana ecosystem. Positioned as the “one meme coin to rule them all,” Smog offers more than just a trend; it presents a compelling play-to-earn (P2E) platform where users engage in a mining game, earning rewards while accessing a vibrant NFT marketplace. At the heart of this ecosystem lies $SMOG, the native token powering it all.
#Dragons, can $SMOG reach $1 after an outstanding 60% surge overnight?
1. Yes! 🚀🌕
2. No, but close!😅
3. Probably by tomorrow!💼Vote now and share your prediction! #Solana #ATH #Memecoin #SMOGSOAR
— SMOG (@SMOGToken) March 7, 2024
With a total supply of 1.4 billion tokens, Smog’s tokenomics are crafted to deliver what could potentially be the greatest SOL airdrop ever seen. A staggering 35% of the supply is allocated for airdrop rewards, setting the stage for an inclusive community-driven project. However, participation in the staking event is essential for holders to qualify for this lucrative airdrop. Beyond airdrops, the team’s vision extends to achieving multichain status, amplifying the token’s value and reach. Plans are underway to list $SMOG on additional decentralized and centralized exchanges, signalling ambitious growth prospects for the project.
As the week unfolds, anticipation builds within the crypto community, fueled by the recent influx of investors into the Smog ecosystem. With its dynamic P2E platform, robust tokenomics, and ambitious growth trajectory, Smog is ready for further ascent, promising an exciting journey ahead for investors.
4. Fetch.ai (FET)
Fetch.ai pioneers an AI lab endeavouring to revolutionize access to artificial intelligence (AI). Its core innovation lies in constructing an open, permissionless, decentralized machine learning network and a thriving crypto economy. This network democratizes AI by allowing anyone to connect and harness secure datasets. The utilization of autonomous AI transcends barriers to entry that traditionally inhibit access to advanced AI technologies.
The platform’s vision extends beyond mere democratization; Fetch.ai envisions a world where AI is seamlessly integrated into various complex digital systems. Its applications span multiple industries, from optimizing decentralized finance (DeFi) trading services to enhancing transportation networks, energy grids, and travel logistics. By leveraging its global data network, users can tackle intricate challenges inherent in today’s digital landscape, transforming how we interact with technology and paving the way for innovative solutions across multiple sectors.
Discover unlimited possibilities with https://t.co/kJ9URVpOul's #aiagent technology, turning an infinite number of scattered services into a refined marketplace of chained tasks and solutions 🌐https://t.co/kJ9URVpOul is for Agents, what @Google is for websites 🔗🤖 pic.twitter.com/EMynUNnPFu
— Fetch.ai (@Fetch_ai) March 19, 2024
Currently, Fetch.ai’s price stands at $2.51, showing an increase of 12.88% in the last 24 hours. Over the past year, the price has risen by 544%. It’s trading 189.84% above the 200-day SMA of $0.869975, indicating a neutral RSI at 62.81. In the last 30 days, 57% of trading days were positive. With a 30-day volatility of 37%, it boasts high liquidity with a volume-to-market cap ratio of 0.8414. Investors stand to benefit from its innovative approach, which is poised to disrupt multiple industries through its decentralized machine learning network and robust utility token, FET.
5. Optimism (OP)
Optimism operates as a layer-two blockchain solution atop Ethereum, leveraging its robust security infrastructure to facilitate scalability through optimistic rollups. This architecture ensures that transactions conducted on Optimism are recorded with trustless efficiency while ultimately being secured on the Ethereum mainnet.
Rooted in the principles of simplicity, pragmatism, and sustainability, Optimism strives for streamlined functionality by minimizing complexities in its design. It maintains a straightforward approach by embracing proven Ethereum code and infrastructure wherever feasible. This ensures ease of integration and compatibility with existing Ethereum frameworks.
OP showcases promising growth potential with a current price of $3.31 and a spike of 6.40% in the last 24 hours. Despite its market dominance of 0.03%, it has exhibited stability, with 53% green days in the previous 30 days. Additionally, it boasts high liquidity, which is evident from its volume-to-market cap ratio of 1.9084. Furthermore, the coin has seen a notable 32% price increase over the past year and is trading significantly above the 200-day simple moving average, indicating a positive trend.
Open-source, feature-complete fault proofs are live on OP Sepolia! With permissionless validation, anyone can participate in the system without an allowlist.
This milestone is another step towards multi-proof nirvana that will allow Optimism to reach Stage 2 decentralization.…
— OP Labs (@OPLabsPBC) March 19, 2024
The latest news surrounding Optimism highlights significant advancements in its security infrastructure. OP Labs, the primary development firm behind the project, is set to commence testing fault proofs on Ethereum’s Sepolia test network. This crucial development aims to enhance the platform’s security mechanisms, addressing concerns raised by industry stakeholders. Optimism seeks to bolster user confidence by proactively addressing security challenges and solidifying its position as a leading layer-two solution on the Ethereum network.
Beyond today’s top gainers, an intriguing trend emerges as Bitcoin plunges to a two-week low amidst dwindling demand for US ETFs. At the same time, investor scepticism over the Fed’s potential rate cuts intensified.
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