Join Our Telegram channel to stay up to date on breaking news coverage
Last week, Bitcoin mining difficulty declined by about 6%, marking its most significant drop since December 2022. This decrease benefits miners due to the shutdown of higher-cost mining equipment due to lower Bitcoin prices and increased operational costs since the halving. This dip in price can be seen in BTC’s current price of $61,603, which is a far cry from March values exceeding $73,000.
Broker Bernstein anticipates further consolidation and growth for lower-cost miners through organic expansion and mergers. Additionally, temporary pauses in Bitcoin price momentum could benefit such miners, allowing them to capitalize on aggressive growth plans.
Biggest Crypto Gainers Today – Top List
In contrast to conventional market classification, which typically focuses solely on price increases, our selection criteria for top gainer coins encompass more than just price surges. We prioritize projects’ robustness alongside their price appreciation. Hence, prepare to explore the innovative approaches, recent price surges, and potential investment prospects of NEAR Protocol, Stacks, Qtum, and eCash. These coins represent more than just market gains; they embody promising technologies. Additionally, they encompass developments poised to impact the crypto space significantly.
1. NEAR Protocol (NEAR)
NEAR Protocol is a layer-one blockchain pioneering community-driven cloud computing. It tackles prevailing blockchain limitations like sluggish transaction speeds and interoperability issues. The platform prioritizes developer and user-friendliness, implementing human-readable account names for ease of use. Spearheaded by the NEAR Collective, it aims to build a secure and high-performance platform suitable for mainstream adoption.
NEAR’s Nightshade technology, a sharding variation, drastically boosts transaction throughput to 100,000 transactions per second. This is achieved with near-instant transaction finality and minimal transaction fees. It leverages Doomslug, a proof-of-stake consensus mechanism, ensuring rapid block finality through rounds of consensus. Additionally, the protocol has established a bridge to Ethereum. This enables users to seamlessly transfer ERC-20 tokens from the Ethereum blockchain to NEAR.
Nayms is proud to partner with @NEARFoundation 🤝
Read more about how this partnership will disrupt a multi-trillion-dollar market by enabling a novel approach to smart contract and bridging insurance:https://t.co/VvKqDghIOv
— Nayms (@nayms) May 9, 2024
NEAR is priced at $7.36 today, showing an 11.89% surge in the last 24 hours and a 338% increase over the past year. Currently trading 359.91% above the 200-day SMA of $1.599450, it maintains a neutral stance with a 14-day RSI of 40.43. Over the last 30 days, 40% were positive, indicating stability despite its 11% 30-day volatility. With a high liquidity ratio of 0.1152, NEAR boasts a $7.91B market cap and a 24-hour volume of $911.24M.
2. Stacks (STX)
Stacks is a Bitcoin Layer for smart contracts, allowing decentralized applications to leverage Bitcoin as an asset and settle transactions on the blockchain. Stacks ensures seamless integration with Bitcoin anytime, thanks to its Proof of Transfer consensus and Clarity language. All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. This process unlocks $500B in BTC capital for decentralized applications.
Stacks utilizes the Bitcoin blockchain as its base layer to secure its network. It leverages its Proof of Work (PoW) mechanism to safeguard against attacks. Additionally, it introduces proof-of-transfer (PoX), a novel consensus model. In PoX, users transfer BTC to mine STX, enhancing security using Bitcoin. Stacks blocks are secured by 100% Bitcoin hashpower. Any attempt to reorder Stacks blocks would necessitate a reorg of the Bitcoin blockchain.
Grassroots movement is forging Bitcoin's future 🧡
Everywhere around the world, the Stacks community is educating the next generation of Bitcoin builders 🟧
📍 Latin America – the @StacksLatam community is creating a local Bitcoin builders renaissance with @Xverse_ES. pic.twitter.com/EvBwkI1tl6
— stacks.btc (@Stacks) May 13, 2024
The current price of STX is $ 2.02, marking a 6.05% surge in the last 24 hours. Over the past year, the price has increased by 222%, indicating significant growth. It demonstrates robust bullish sentiment, trading at 108.18% above the 200-day SMA of $ 0.972970. With a 14-day RSI of 37.18, the gainer is currently neutral, potentially leading to sideways trading. Stacks exhibit low volatility, with a 30-day volatility of 11%. Additionally, it boasts high liquidity, with a volume-to-market cap ratio of 0.0745, ensuring efficient trading opportunities. However, in the last 30 days, only 9 were positive, representing 30% positivity.
3. Sealana (SEAL)
Sealana, the witty seal-themed meme coin, has seen tremendous success, raising over $700,000 in funding in a remarkably short time. Sealana draws inspiration from South Park, embodying a brash persona. Its unapologetic demeanour resonates strongly with the meme coin community. Spending 18-19 hours a day analyzing DEXScreener charts, Sealana’s journey has captivated the meme coin community.
Sealana is boldly expanding its reach by launching on Ethereum and Solana blockchains. This taps into two of the hottest on-chain meme coin markets. This strategic decision provides access to substantial liquidity and aims to unite the two competing blockchain communities.
👋Hey, y'all! 🇺🇸
We heard some of you are having some troubles buying $SEAL ❌ So, to make it easier for some of you lizard skin liberals, we’re making $SEAL #MultiChain allowing ya’ll to buy on #Ethereum! So grab a cold one, sit down and we’ll tell ya’ll how to fill your truck… pic.twitter.com/3dsuUScSbw
— Sealana (@Sealana_Token) May 9, 2024
Prospective investors now have multiple avenues to participate in the Sealana presale. They can send SOL to the project’s wallet address and anticipate an airdrop post-presale or utilize the presale website’s buy widget to purchase directly using SOL, ETH, BNB, or a bank card. However, with no predetermined hard cap announced, potential buyers must act swiftly to seize this opportunity before it ends abruptly.
4. Qtum (QTUM)
Qtum is a proof-of-stake (PoS) smart contract blockchain platform that merges the strengths of Bitcoin and Ethereum. It enhances interoperability, governance, and scalability by adding smart contract capabilities to Bitcoin’s UTXO model. Qtum thus mitigates the costliness of proof-of-work mechanisms. The Decentralized Governance Protocol it uses enables network parameter adjustments without hard forking. This gainer promotes community involvement and seamless network evolution.
Interestingly, Qtum employs a mutualized proof-of-stake (MPoS) consensus mechanism, unlike Bitcoin. It incentivizes coinholders to stake their assets for network security. This approach offers enhanced decentralization and security while reducing environmental impact and operational costs. Staking incentivizes coin holders to validate blocks, ensuring network integrity and resilience against attacks. Moreover, the protocol’s block reward structure and anti-junk contract measures bolster security and sustainability.
What if #Bitcoin were Proof-of-Stake and used the #Ethereum Virtual Machine? You'd have the #Qtum blockchain.
Qtum GitHub: https://t.co/RWzkzM8F64
Mainnet Explorer: https://t.co/JOwExNoHet
Testnet Explorer https://t.co/fOP1pPQ6fc
Docs: https://t.co/y2b7dTxGUG#blockchain pic.twitter.com/gy3cqArDxp— Qtum (@qtum) May 13, 2024
Qtum’s current price is $ 3.56, reflecting a 5.78% surge in the last 24 hours. Despite trading -1.57% below the 200-day SMA of $ 3.64, the coin has experienced a notable 39% increase over the past year. With 11 positive days in the last 30, representing 37%, and a 30-day volatility of just 6%, Qtum demonstrates stability. Moreover, it boasts high liquidity, with a volume-to-market cap ratio of 0.1731, indicating robust market activity and investor confidence
5. eCash (XEC)
eCash emerges as the rebranded version of Bitcoin Cash ABC (BCHA), derived from Bitcoin (BTC) and Bitcoin Cash (BCH). It positions itself as a practical “cryptocurrency for everyday transactions,” distinct from its predecessor. The transition introduces notable changes, such as adopting “bits” as base units to simplify transactions. The protocol integrates a proof-of-stake consensus layer known as “Avalanche,” aiming for enhanced scalability and transaction finality.
XEC aims to support the compatibility of Ethereum Virtual Machine (EVM) and foster interoperability with Ethereum’s decentralized finance (DeFi) sector. Core missions include ensuring anonymous, immutable, and nearly fee-free transactions. The protocol’s infrastructure is designed as a public good, funded through a social contract.
An ambitious roadmap outlines plans for canonical transaction ordering, Schnorr Signatures, and faster block propagation. It also includes UTXO commitment and adaptive block sizes to accommodate market-driven growth.
3️⃣ days until the eCash $XEC network upgrade ⚙️🚀
Are you ready? 😎
— eCash (@eCashOfficial) May 12, 2024
At a current price of $0.00004741, XEC experienced a surge of 7.81% in the last 24 hours and a remarkable 74% increase over the past year. It indicates oversold conditions, with a 14-day RSI 28.36, while trading 53.25% above the 200-day SMA. Despite 33% of the last 30 days being positive, its 30-day volatility remains at 7%. With medium liquidity, eCash presents intriguing opportunities for investors looking to capitalize on its potential growth.
Read More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
Join Our Telegram channel to stay up to date on breaking news coverage
