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On Friday, the crypto market witnessed a notable event: the repayment process initiated by Mt. Gox to its creditors. It marked a significant chapter in the aftermath of its catastrophic 2014 hack, resulting in the loss of 740,000 bitcoins. This development notably impacted Bitcoin (BTCUSD), which saw a decline of approximately 2.4%, trading around $55,700, and Ether, down about 3.4% during the trading day.
The announcement, anticipated since last month, intensified market volatility, sending Bitcoin to its lowest level in five months. However, amidst this turmoil, today’s top gainers showcase significant advancements in blockchain technology and substantial price increases.
Biggest Crypto Gainers Today – Top List
Today’s global cryptocurrency market cap is $2.18 trillion, reflecting a 3.76% increase in the last 24 hours. However, this positive momentum comes amidst a predominantly bearish sentiment, with the Crypto Fear & Greed Index currently at 26 (Fear). Notably, 96% of cryptocurrencies have seen gains, highlighting robust market activity.
Today’s top gainers showcase significant advancements in blockchain technology and substantial price increases. Taiko leads the pack with a remarkable surge of 24.12%, while 1inch Network follows closely with a 13.78% increase. Internet Computer (ICP) has surged by 12.25%, and Enjin Coin (ENJ) rounds out the list with an 11.74% rise. Each of these projects demonstrates unique innovations and market resilience worthy of analysis.
1. Taiko (TAIKO)
Taiko (TAIKO) stands at the forefront of blockchain innovation as a fully open-source, permissionless ZK-Rollup solution designed to scale Ethereum operations seamlessly. Like Ethereum, Taiko operates without central authorities, relying instead on community-driven nodes to manage all network operations. This decentralized approach extends to its consensus mechanism. Ethereum block builders are crucial in sequencing Taiko’s transactions, ensuring robust security and operational reliability inherited from Ethereum’s base layer.
Launched in June 2024, Taiko quickly gained attention by conducting a highly anticipated TAIKO token airdrop for over 300,000 community members. This initiative highlighted Taiko’s commitment to inclusive growth and decentralized governance. Today, Taiko boasts a vibrant ecosystem with over 100 protocols covering DeFi, gaming, social platforms, and infrastructure. This diversity solidifies Taiko’s role as a dynamic player in blockchain technology.
Quick update! 🥁
We’ve streamlined our proposer’s minimum priority fee to 0.05 gwei to better support users.
We’re experimenting to find the best balance between all network participants. 🧪
Expect dynamic fee adjustments between 0.05 & 0.09 gwei based on network demand. https://t.co/ZWg1viU77W
— Taiko 🥁 (@taikoxyz) July 3, 2024
Leading the list, TAIKO has surged an impressive 24.12% in the last 24 hours, making it the standout performer among the top gainers. Currently priced at $2.31, Taiko has made a notable entry into the market, being released just over a month ago. It is actively traded on prominent exchanges like KuCoin, Bybit, and gate.io, alongside seven others, ensuring its visibility and accessibility. Despite its relatively low volatility at 10%, Taiko has had 13 green days out of the last 30, indicating a healthy upward trend. Compared to other top gainers, Taiko’s fresh presence and rapid surge make it a compelling asset to watch.
2. 1inch Network (1INCH)
1inch Network integrates decentralized protocols to optimize DeFi operations, offering efficient, secure, and high-yield transactions. Its flagship DEX aggregator protocol sources liquidity across 12 chains, including Ethereum and Polygon, ensuring users access the best rates. The 1inch Limit Order Protocol enhances DeFi flexibility with features like dynamic pricing and stop-loss orders. The 1INCH token governs the network, enabling staking for DAO participation and yield farming via 1inch Fusion.
1inch recently unveiled the 1inch Shield API in collaboration with Blockaid, fortifying Web3 security. This advancement bolsters transaction integrity with proactive fraud detection across blockchains, enhancing user protection and compliance with AML regulations. Etherscan Pro integration further secures the ecosystem by blacklisting suspicious addresses, preemptively mitigating potential threats for a safer decentralized experience. As 1inch pioneers, these innovations, users, and developers gain robust tools for navigating and securing the evolving DeFi space.
#1inchWallet has awesome Scam Protection powered by our #1inchShield API.
We built it with @blockaid_, @trmlabs, and @etherscan to make it super secure 🙌
The best part? Other projects can use this API too, making the whole Web3 space safer 🌐 pic.twitter.com/fmhux1QOnB
— 1inch Network (@1inch) June 27, 2024
1INCH follows closely behind TAIKO, with a 13.78% increase in the last 24 hours. Priced at $0.364112, 1INCH demonstrates robust liquidity, with a volume-to-market cap ratio of 0.1512. This token is trading 6.78% above its 200-day SMA, suggesting a strong position in the market. Over the past year, 1INCH has risen by 19%, outperforming 39% of the top 100 crypto assets. While its 14-day RSI indicates neutrality, suggesting stable trading conditions, its volatility is the lowest among the gainers at 8%. 1INCH’s balanced performance and significant year-over-year growth set it apart from other top gainers.
3. Shiba Shootout (SHIBASHOOT)
Shiba Shootout is a fresh and exciting meme coin project, infusing the crypto world with Wild West charm. The token has already raised over $1.2M in its ongoing presale, drawing the attention of wealthy investors and popular crypto influencers alike. Experts are buzzing about the potential for 10x gains, envisioning the coin reaching $1 in the long run. This captivating mix of memes and cowboy culture sparks significant interest and enthusiasm.
Investors in Shiba Shootout enjoy a range of enticing rewards. Through Cactus staking, presale participants earn impressive rewards of over 2200%. Additionally, holders can secure bonus SHIBASHOOT tokens by locking their assets or inviting friends to join the community for “Posse Rewards.” These features boost the token’s value by reducing selling pressure and fostering a robust and engaged community. Furthermore, regular activities like Campfire Stories and Lucky Lasso Lotteries keep the community vibrant and connected.
The Shiba Shootout presale features a multi-tier fundraising structure, offering lower prices to early buyers encouraging swift participation. As each tier fills, token prices increase, rewarding early investors and maintaining momentum. With the next price hike scheduled in seven days, now is the prime time to invest. Interested investors can purchase SHIBASHOOT tokens using ETH, BNB, or USDT.
4. Internet Computer (ICP)
The Internet Computer blockchain represents a groundbreaking approach to blockchain design, leveraging cutting-edge cryptography. It pioneers the concept of a “World Computer” blockchain, enabling the creation of diverse online systems and services without reliance on traditional IT infrastructure like cloud computing. This innovation fosters comprehensive end-to-end decentralization.
This blockchain supports various use cases, from social media platforms to complex web services, all decentralized and secure. Operating on a network of specialized node machines, it utilizes a unique Proof-of-Useful-Work model for governance. These nodes, installed in independent data centers, ensure network integrity and scalability.
Internally, the blockchain integrates “subnet blockchains” using chain key crypto, guaranteeing cryptographic validation of interactions and enhancing security. Further advancements like Chain Key TX enable seamless interaction with other blockchains, enhancing interoperability and maintaining robust security protocols.
#ICP x @UNDPtech partnership to develop Universal Trusted Credentials (UTC) to enhance financial inclusion for MSMEs globally
Internet Computer will provide infrastructure for securing and managing UTC and conduct a pilot in Cambodia
🗞️ @Cointelegraph : https://t.co/f5SaoccWS0
— DFINITY (@dfinity) July 4, 2024
ICP has seen a 12.25% surge in the last 24 hours, placing it among the top gainers. With a current price of $6.97, ICP enjoys high liquidity, boasting a volume-to-market cap ratio of 0.0563. It stands out with a remarkable 71% increase over the past year and has outperformed 57% of the top 100 crypto assets. However, ICP is trading 38.29% below its 200-day SMA, indicating potential room for recovery. Despite a higher volatility of 16%, ICP’s significant annual growth and strong market position contrast compellingly with other top gainers.
5. Enjin Coin (ENJ)
Enjin Coin is integral to Enjin, a pioneering company in blockchain-based gaming ecosystems. Enjin initially gained traction with the Enjin Network, a social platform enabling users to create gaming communities, websites, and virtual item stores. The platform’s evolution led to the introduction of Enjin Coin, an ERC-20 token launched on the Ethereum mainnet.
Enjin Coin serves as a digital store of value, backing blockchain assets like non-fungible tokens (NFTs) minted on the Enjin Platform. Assets minted with embedded ENJ gain inherent value, transparency, and scarcity, ensuring liquidity and utility across games and applications. Enjin’s “melting” feature lets users destroy assets to reclaim their ENJ value, enhancing ecosystem flexibility and sustainability.
Secured by Ethereum’s proof-of-work consensus and audited by industry experts, Enjin Coin maintains robust security and scalability. Also, a proactive bug bounty program demonstrates its commitment to pioneering secure blockchain solutions.
Imagine owning a legendary sword that unlocks new powers across interconnected game worlds.
On August 27th, 2024, the Enjin Multiverse opens—bigger, brighter, and more alluring than ever.
Read the full article: https://t.co/SwXtvdBLIj
The boundaries between realms will shatter… pic.twitter.com/u3Yh92yzYT
— Enjin (@enjin) July 5, 2024
ENJ rounds out the list with an 11.74% increase in the last 24 hours, priced at $0.16087. Despite being the least performer in percentage surge, ENJ maintains high liquidity with a volume-to-market cap ratio of 0.1977. Its 14-day RSI suggests it is currently oversold, indicating potential for future gains. Enjin Coin, however, is trading significantly below its 200-day SMA at -51.55% and has seen a substantial decrease of -46% over the past year. Despite these challenges, ENJ’s recent surge and liquidity position make it an interesting contender among the top gainers, contrasting sharply with the more stable and upward-trending assets like Taiko and 1INCH.
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