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The crypto market is excitedly buzzing as the SEC greenlights listing eight ether-based ETFs on the NYSE and Nasdaq. This decision comes after the approval of bitcoin ETFs four months ago, marking a shift in the regulatory sector. Major financial players, including BlackRock and Fidelity, are now vying to launch these new products.
The SEC’s approval is significant, but money managers still need the green light to issue the ETFs. This move could integrate ether into investment portfolios like 401(k)s and IRAs. Ether’s price surged this week, up over 50% year-to-date, as investors reacted to the news. This development underscores the crypto industry’s progress in achieving more favorable regulations.
Biggest Crypto Gainers Today – Top List
Amidst the lively cryptocurrency market, a bullish trend is in motion, prompting investors to remain vigilant as they seek out promising opportunities for profit. Thus, gaining a comprehensive understanding of the top-performing coins is paramount.
Hence, let us unpack the treasures of today’s top gainers: Audius, TrueFi, Mina Protocol, and CREAM Finance. We’ll delve into innovative projects, analyze their current market prices, evaluate their security measures, and assess their growth percentages across various time frames. This analysis serves as the ticket to understanding the wealth of opportunities these projects offer.
1. Audius (AUDIO)
Audius, a decentralized music streaming protocol, aims to reshape the music industry plagued by opaque rights ownership. Its native token, AUDIO, powers the platform, aligning the interests of artists, fans, and node operators.
Artists upload music, distributed by content and discovery nodes, offering fans high-quality streaming comparable to major platforms like Spotify. This decentralized approach eliminates intermediaries, fostering direct artist-to-fan interactions.
The Audius ecosystem offers a range of use cases, including free music streaming for fans and incentives for content creators. With plans to integrate stablecoins and artist tokens, the platform seeks to further enhance monetization opportunities for artists and engagement for fans.
Security is ensured through Audius’ migration to Solana, leveraging its scalable and decentralized infrastructure. Despite this migration, AUDIO remains an ERC-20 token, maintaining staking and governance functionalities on Ethereum.
We’re excited to announce that artists can now sell their albums on Audius 🎉
If you’ve already been granted access to our premium sales waitlist, you’ll now also have the option to sell your albums too 💸
The power is in your hands. Create your album, set your price, and… pic.twitter.com/mfHSpeEHkw
— Audius 🎧 (@audius) May 22, 2024
Investors keen on Audius can gain insights from its price analysis. Currently priced at $0.209797, AUDIO has surged by 27.79% in the last 24 hours. While its year-to-date performance shows a slight decrease of -12%, it trades 11.28% above the 200-day SMA.
The 14-day RSI of 44.41 suggests neutrality, while the 30-day volatility remains low at 7%, indicating stable price movements. With high liquidity and a volume-to-market cap ratio of 0.5453, Audius presents an attractive investment opportunity.
2. TrueFi (TRU)
TrueFi is a transformative force in decentralized finance (DeFi). It presents a unique protocol for uncollateralized lending and borrowing. Launched on Ethereum’s mainnet, it redefines the lending industry. It offers high annual percentage rates (APRs) through interest-bearing pools. TrueFi, developed by TrustLabs and EthWorks, introduces a unique credit prediction market. It empowers TRU holders to shape lending choices.
Security is paramount in TrueFi’s ecosystem, underpinned by prediction markets, robust encryption, and community-driven governance. TrueFi’s expansion plans include Trinity, a platform for real-world asset-based lending, further enhancing its security and utility.
TRU token holders actively participate in credit rating, bolstering platform security and decentralization. TRU tokens serve as the lifeblood of TrueFi, enabling governance participation, incentivizing liquidity provision, and facilitating decentralized credit assessment.
tfBill (@Adapt3rDigital) could improve the yield & transparency of @MakerDAO's tbill holdings
tfBill is built using TrueFi's “asset vaults”, tailor made to the needs of RWA issuers & investors. AVs represent off-chain instruments by using onchain attestations (Asset Reports) https://t.co/ym5ppoNk2m pic.twitter.com/EZIl1prRCb
— TrueFi (@TrueFiDAO) May 23, 2024
TRU’s current price of $0.138181 reflects a notable 9.17% surge in the last 24 hours, with a remarkable 225% increase year-to-date. It maintains stability amidst market fluctuations when trading 204.42% above the 200-day SMA. The 14-day RSI indicates neutrality, with 47% positive trading days in the last month. With high liquidity and low volatility, TrueFi embodies a promising frontier in decentralized finance, poised for further growth and innovation.
3. Dogeverse (DOGEVERSE)
Dogeverse gears up to make its mark as one of the most successful meme coin presales of 2024. With over $15 million already raised, the project’s presale enters its final stages after surpassing its soft cap of $8,835,000. All eyes are now on whether it will ultimately sell out before the official listing comes up in less than ten days.
Get ready to blast off with Cosmo! 🚀🌀
⏳ #Presale ends on June 3rd at 10 AM UTC!
🌐 Claim launches on June 5th at 10 AM UTC!
This is your LAST CHANCE to join Cosmo on his #Blockchain adventures before the official launch! 🌌
Don’t miss out! The clock is ticking! 📣… pic.twitter.com/QwpzWcm947
— DogeVerse (@The_DogeVerse) May 23, 2024
Despite hitting its soft cap, Dogeverse still has room to grow, with its hard cap set at $17,002,500, leaving some tokens available for investors. The race is on to reach the hard cap before the listing, and with the immense demand and potential behind Dogeverse, investors can anticipate a substantial price surge upon its launch.
The unique appeal of Dogeverse lies in its status as the first multi-chain meme coin, set to operate on six different chains simultaneously, including Ethereum, Solana, Base, Polygon, Avalanche, and BNB Chain. This multi-chain functionality offers flexibility to presale investors and simplifies cross-chain transactions without the need for stablecoins or complex conversions. Furthermore, Dogeverse introduces staking opportunities. It allows users to earn passive rewards from their holdings. This makes it an enticing prospect for crypto enthusiasts looking to maximize their returns.
4. Mina Protocol (MINA)
Our next gainer, Mina Protocol, prioritizes efficiency by minimizing computational requirements. It offers a balanced blend of security and decentralization powered by its native currency, MINA. It aims to establish a streamlined distributed payment system, leveraging zk-SNARKs for native verification from the genesis block and ensuring privacy and security.
Like Bitcoin, Mina incorporates Ethereum’s account model and utilizes provers to ensure each block commits to the state. Through the Ouroboros Samasika proof-of-stake mechanism, Mina achieves decentralized bootstrapping from a genesis block, optimizing transaction processing speed.
It introduces verifiers, block producers, and snarkers to revolutionize blockchain participation. Verifiers certify consensus information with zk-SNARKs, while block producers bundle transactions and SNARK-committed trades. Snarkers produce zk-SNARKs and are incentivized by block producers, fostering a dynamic business economy within the protocol for efficient transaction processing and decentralization.
🚨 Calling all node operators! 🚨
Node version 2.0.0, which contains the stop slots that will initiate the Berkeley Upgrade, has been released.
Node operators should upgrade to this version immediately in preparation for the upgrade!
Release notes:https://t.co/B3cFBA71af
— Mina Protocol (httpz) 🪶 (@MinaProtocol) May 23, 2024
Mina’s price is $0.811689, with a marginal 0.41% surge in the last 24 hours. Despite a 48% increase over the past year, it trades 42.84% above the 200-day SMA, indicating stability. With a neutral 14-day RSI of 46.98 and 43% green days in the last 30 days, Mina demonstrates balanced market dynamics. Its 30-day volatility remains at 4%, providing a stable trading environment. The liquidity stands strong with a unique volume-to-market cap ratio of 0.1105, offering a compelling prospect for investment.
5. CREAM Finance (CREAM)
CREAM Finance is a decentralized DeFi lending protocol serving individuals, institutions, and protocols across multiple blockchain networks. Operating on Ethereum, Binance Smart Chain, Polygon, and Fantom, it empowers users to seamlessly access financial services without the constraints of traditional banking systems. Its permissionless and open-source nature reflects a commitment to inclusivity and innovation in the rapidly evolving DeFi landscape.
The platform allows Ether or wBTC holders to participate in yield farming by depositing assets, similar to traditional savings accounts. Originally a Compound Finance fork, CREAM Finance has expanded to multiple blockchains, catering to diverse user needs. Offering lending, borrowing, staking, and governance through its CREAM token fosters a vibrant ecosystem for financial growth.
We've supported over 20 projects with mentorship, strategy, industry introductions, and funding.
We continue to look for ways to support innovations in Blockchain beyond DeFi, including NFTs, SocialFi and GameFi.
— Cream Finance 🍦 (@CreamdotFinance) May 23, 2024
With a price of $80.59 and a 12.47% surge in the last 24 hours, the project has exhibited remarkable growth, increasing by 289% over the past year. Trading well above the 200-day SMA, the protocol maintains stability with a 30-day volatility of 22%. Its high liquidity, shown by a volume-to-market cap ratio of 0.0842, reassures investors in their trading activities.
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