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The enthusiasm at Hong Kong’s Web3 Festival this year is palpable. It’s fueled by the surge in bitcoin prices and increased participation from overseas attendees, accounting for 80% of the crowd. As the city aims to cement its status as a significant crypto hub, it’s attracting prominent speakers like Cathie Wood. This highlights its growing influence in the global crypto market.
With Cathie Wood’s optimistic outlook on Hong Kong’s regulatory efforts, the city’s proactive approach to hosting key crypto events is evident. The Web3 Festival underscores Hong Kong’s potential as a thriving crypto innovation and investment center. Despite its smaller scale compared to previous years, the festival’s success reflects Hong Kong’s ongoing commitment to fostering a vibrant crypto ecosystem amidst increasing global competition.
Biggest Crypto Gainers Today – Top List
Today’s selection of top gainers offers a variety of investment opportunities. Mantle beckons investors with Ethereum-compatible scalability solutions promising enhanced transaction finality and streamlined gas fee payments. Lido DAO stands out to those intrigued by decentralized staking infrastructure, offering liquid staking solutions for Ethereum and governance opportunities through its LDO token. Gala Games invites investors to disrupt the gaming industry with blockchain technology, providing unprecedented player freedom, control, and rewards through its GALA token. Lastly, Moonbeam allows investors to engage in the decentralized application space, offering developers unmatched flexibility and functionality. Together, these projects embody the spirit of innovation and promise, presenting investors with diverse opportunities in digital assets.
1. Mantle (MNT)
Mantle is an Ethereum Layer 2 (L2) technology stack, the flagship product of the Mantle Ecosystem. Designed for Ethereum compatibility, its modular architecture enhances scalability and transaction finality. MNT, the native token, facilitates gas fee payments, ecosystem growth, and community governance. With a focus on DAO-driven innovation, Mantle Network aims to adopt token-governed technologies widely.
The network’s modular architecture enables high-performance scaling at minimal fees and rapid transaction confirmation. DApps built on Mantle enjoy seamless integration with Ethereum’s robust security, ensuring exceptional user experiences. Additionally, Mantle Ecosystem provides comprehensive support for projects, from ideation to market launch, through partnerships and funding initiatives like the Mantle Grants Program and Mantle EcoFund, boasting a capital pool of $200M.
Thrilled to play our part in supporting DePIN on Ethereum, and join @EigenLayer and our other partners and frens in this effort! 🌐 https://t.co/JHYHWXn4WR
— Mantle (@0xMantle) April 8, 2024
MNT’s current price is $1.452171, reflecting a 4.67% surge over the last 24 hours. With a market dominance of 0.18%, it ranks #10 among Ethereum Tokens and #2 in the Layer 2 sector. Its market cap is $4.63 billion, with a 24-hour trading volume of $59.22 million, indicating moderate liquidity. Despite these figures, Mantle maintains a 14-day Relative Strength Index (RSI) of 63.96, suggesting a neutral stance and potential for sideways trading. Over the last 30 days, it experienced positive price action on 15 days, representing 50% of the trading period. Moreover, its 30-day volatility stands at 18%, indicating relatively stable price movements.
2. Lido DAO (LDO)
Lido DAO is a decentralized autonomous organization (DAO) providing staking infrastructure for various blockchain networks. Its liquid staking solution for Ethereum enables users to stake ETH and receive stETH tokens in exchange, representing their staked ETH and rewards. Lido’s security is ensured through decentralized governance, audited code, and smart contracts supported by third-party security audits.
LDO serves as Lido DAO’s governance token, allowing holders to participate in critical decisions. The platform’s focus on accessibility pools staked ETH from multiple users, eliminating the need for technical expertise or a minimum stake requirement. Lido V2, its latest release, introduces Liquid Staking, allowing users to trade stETH tokens on secondary markets or use them in LSDFi protocols.
Here we go!
The first solo and community stakers using the Lido protocol are ready to receive deposits.
The Lido Node Operator Set is about to see massive growth! https://t.co/igHPZwMAFH
— KimonShannon (@KimonSh) April 6, 2024
This gainer has a great project and an enticing price movement for profitable investment consideration. Lido DAO Token is valued at $2.70, marking a 4.53% increase over the last 24 hours. It trades 37.10% above the 200-day SMA at $1.966870, indicating a stable trend. With a 14-day RSI of 51.64, LDO maintains moderate volatility. Lido DAO has recorded ten positive trading days out of the last 30, reflecting its robust liquidity. The token boasts a volume-to-market cap ratio of 0.0827, with a market cap of $2.40B and a 24-hour volume of $198.88M.
3. Sponge V2 (SPONGE)
Sponge V2 is on the verge of its launch, promising even more significant potential than its predecessor. With a staggering total stake and bridge value exceeding $20 million, its rapid rise in popularity is undeniable. Early adopters often reap the most substantial rewards in the crypto market, making Sponge V2 a project worth paying attention to.
Time to rally the troops 🧽🧽💦💦$SPONGE #SpongeV2 #100xGem pic.twitter.com/GDNR0klO3S
— $SPONGE (@spongeoneth) April 8, 2024
The resounding success of Sponge V1 underscores its potential for significant growth and profitability. With a peak market cap of $100 million, over 13,000 holders, and listings on more than ten centralized exchanges, Sponge V1 has established a solid groundwork for its successor to flourish. Its impressive achievements show its potential for remarkable growth and success in the crypto space.
Sponge V2 comes with innovative features while retaining the essence of its predecessor, notably integrating high-stakes rewards and a Play-to-Earn game. Staking Sponge tokens yields impressive annual percentage yields (APY) of up to 366% on Polygon and 167% on Ethereum, with over 9.6 billion tokens already staked. Additionally, the forthcoming Play-to-Earn game incentivizes token holders with rewards for active participation, enhancing the token’s utility and value proposition.
4. Gala (GALA)
Gala Games is a pioneering force in the gaming industry, driven by a mission to reshape player interactions through Web3 and blockchain technologies. It is led by a team of seasoned game developers who aim to tackle the systemic issues inherent in traditional gaming models. Gala Games seeks to empower players with unprecedented freedom, control, and rewards by introducing a vast platform featuring AAA-level games.
At the heart of Gala Games lies its core utility token, GALA, which serves as the backbone of the ecosystem. This token facilitates various functions within the platform, including acquiring NFT items, rewarding Founder’s Node operators, and covering network fees. Moreover, Gala Games distinguishes itself with a “games-first” ethos, prioritizing enhancing player experience above all else.
Voyager: Ascension @rflxtstudio coming soon on GalaChain
Want inside scoops and exclusive updates? Subscribe to our YouTube and hit the bell for alerts – be the first to know! 🎆 https://t.co/PnZ2nJvsQq
— Gala Games (@GoGalaGames) April 7, 2024
Embracing a dynamic trajectory, GALA shines brightly in the crypto space, priced at $ 0.060872, with a notable 3.85% surge in the last 24 hours. Its journey over the past year reflects a remarkable 53% increase, marking a testament to its resilience and investor confidence. GALA is a beacon of stability amidst market fluctuations, with a robust performance demonstrated by trading significantly above the 200-day SMA at $ 0.024292. As it continues to navigate the market, GALA remains a promising asset, backed by its high liquidity and enduring appeal to traders worldwide.
5. Moonbeam (GLMR)
Moonbeam, an Ethereum-compatible smart contract parachain on Polkadot, simplifies building or redeploying Solidity projects in a Substrate-based environment. Beyond merely replicating Ethereum’s EVM, Moonbeam is a specialized parachain mirroring Ethereum’s Web3 RPC, accounts, keys, and more. In addition to its Ethereum compatibility, Moonbeam extends the base Ethereum feature set with on-chain governance, staking, and cross-chain integrations. This offers developers unparalleled flexibility and functionality in building decentralized applications.
One of Moonbeam’s key strengths is its seamless integration with popular Ethereum developer tools and libraries. Developers can utilize existing Solidity smart contracts without the need for extensive reconfiguration. Moreover, it provides complete Web3 RPC endpoints, enabling connectivity with tools like MetaMask, Hardhat, Waffle, Remix, and Truffle. Its support for well-known JavaScript libraries such as Web3.js or Ethers.js further enhances its accessibility and usability for developers, ensuring a smooth transition to the Substrate-based environment.
The DED community has also developed an indie game, DED Mine, created by @realDEDgames.
Play here ➡️ https://t.co/8XvmPCIbxY
~This game requires a substrate-enabled wallet.~
— Moonbeam Network (@MoonbeamNetwork) April 5, 2024
At $ 0.460004, GLMR exhibits a 3.62% upswing within the last 24 hours, signaling a dynamic shift in its value. Moonbeam is trading significantly above the 200-day SMA at $ 0.265646, exhibiting moderate volatility with a 14-day RSI of 67.06, suggesting a neutral market sentiment. It demonstrates high liquidity with 13 positive trading days in the last 30, indicating investor interest. It also boasts a volume-to-market cap ratio of 0.1286, suggesting potential growth opportunities.
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