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In the ever-evolving world of cryptocurrency, significant regulatory developments are making headlines alongside the daily market movements. Recently, the U.S. Commodity Futures Trading Commission (CFTC) has been pushing to expand its oversight in the crypto space. CFTC chief Rostin Behnam has advocated for Bitcoin and Ethereum to be classified as commodities, which he claims will bring more regulatory clarity to the market. This push for regulation shows the growing need for clear guidelines to protect investors and ensure market stability as digital assets continue to gain traction globally. Only time will tell if this move will be a successful one.
Biggest Crypto Gainers Today – Top List
Buckle up for today’s top crypto gainers sensation—Echelon Prime, JasmyCoin, Cardano, and Aave—where innovation meets opportunity at warp speed. Echelon Prime stands as a gateway to the next-gen gaming universe, blending DeFi with NFTs in Parallel’s sci-fi realm. In a recent development, Echelon Prime has introduced Bonds, enabling gasless digital asset sharing within its gaming ecosystem, potentially driving its recent price surge.
Meanwhile, JasmyCoin is rewriting data sovereignty rules by leveraging blockchain and IoT to fortify security and compliance. Like Prime, Cardano, a pioneer in blockchain technology, has achieved a milestone with the release of node v9.0, enhancing on-chain governance and Plutus script capabilities. Lastly, Aave redefines lending through its decentralized platform. Dive into the unfolding details of these projects for a thrilling addition to your portfolio!
1. Echelon Prime (PRIME)
Echelon Prime is the native token of the Echelon Prime Foundation, a Web3 ecosystem advancing the next generation of gaming. It merges decentralized finance and gaming through innovative blockchain technology. The platform fosters interoperability among systems, enabling seamless asset exchange and growth within a global community.
It promotes Web3 gaming by supporting new models and economies, evidenced by its use in Parallel, a sci-fi trading card game. The platform’s security includes Ledger hardware wallet integration, minimum staking requirements, and continuous monitoring to protect user assets.
Echelon Prime has unveiled Bonds, an innovative guild system enabling gasless and permissioned digital asset sharing within its ecosystem. Currently undergoing Alpha testing with Parallel players and administrators from five Bonds, this system allows players to borrow NFT cards and complete decks without upfront costs, enhancing Parallel’s free-to-play nature. Several key components of Bonds operate on-chain, including membership, management, and rewards distribution, ensuring secure and efficient transactions.
Echelon's Bonds system has entered closed pre-Alpha testing today!
Our first bonds are helping to calibrate lending with Parallel's Game Server before opening their doors.
Alpha testing bonds are:
Midnighters
PDAO
Contagion
Exile
DevmonsLearn more: https://t.co/QXZr1dE54X. pic.twitter.com/CM7C5GCqO7
— Echelon (@EchelonFND) July 10, 2024
In light of this recent news, PRIME’s current price is at $8.17, showing a 7.96% surge in the last 24 hours. With medium liquidity, it has a volume-to-market cap ratio of 0.0139, lower than AAVE’s and JASMY’s ratios, indicating less immediate trading activity. Its 14-day RSI at 65.68 indicates a neutral sentiment, higher than ADA’s, suggesting potential sideways trading. PRIME had 11 green days (37%) in the last month, with a 30-day volatility of 16%. Over the past year, its price increased by 397%, outperforming both AAVE and ADA. Investors looking for high growth potential and willing to tolerate moderate volatility might find PRIME appealing.
2. JasmyCoin (JASMY)
JasmyCoin is out to reshape data sovereignty by combining IoT and blockchain technology, giving users full control over their data. It decentralizes data workflow through edge computing and IPFS, ensuring data remains secure and user-owned. The platform facilitates secure, trustless data exchanges between IoT devices and decentralized protocols, guaranteeing confidentiality and proper data processing.
JasmyCoin stands out with its strong commitment to data security and compliance with Japanese laws. Launched on Ethereum and audited by SlowMist, JASMY ensures top-notch cybersecurity. Dual-layer encryption protects shared data, promoting a democratic, decentralized decision-making environment. The network’s Security Knowledge Communicator (SKC) and Smart Defender manage user data and secure IoT devices. For investors, JasmyCoin offers a transparent and secure way to utilize personal information backed by strict regulatory oversight.
Exciting news! 🎉
A campaign has launched on #DeGate, the DEX powered by Zero Knowledge rollup, for #Jasmy holders! 🚀
Dive into the details now👇@JanctionMGT @HARA_JasmyCFO $Jasmy @DeGateDex https://t.co/SLVaaeSjdC
— Jasmy-MGT (@JasmyMGT) June 14, 2024
JASMY is priced at $0.024775, with a 2.94% rise in the last 24 hours. It has high liquidity, with a volume-to-market cap ratio of 0.2100, surpassing both AAVE’s and PRIME’s ratios, indicating robust trading activity. The 14-day RSI at 50.69 indicates neutrality, similar to AAVE and PRIME but lower than ADA, suggesting stable trading potential. JASMY had 11 green days (37%) in the last month, fewer than AAVE and ADA, but its 30-day volatility is 15%, higher than both, indicating more price fluctuations. Furthermore, over the past year, its price surged by 501%, outpacing all the other tokens. JASMY might interest investors seeking high growth and substantial liquidity despite higher volatility.
3. Shiba Shootout (SHIBASHOOT)
Today’s icing on the cake of top gainers is none other than Shiba Shootout. This emerging player, which debuted just last week, combines the whimsical appeal of Doge memes with a Wild West narrative, instantly captivating crypto investors worldwide. Beyond its initial appeal as an ICO, Shiba Shootout is pioneering practical applications within the meme coin space. Unlike traditional meme coins focused solely on speculative trading, Shiba Shootout introduces innovative features such as Posse Rewards, designed to foster community growth and reward user loyalty.
In its detailed white paper, Shiba Shootout outlines a roadmap that includes practical innovations for meme coins. For instance, Campfire Stories offers a unique platform where members can share their crypto experiences in a narrative format, earning rewards for engaging storytelling. Additionally, Token Governance Roundups empower SHIBASHOOT token holders to participate in important project decisions through democratic voting, ensuring a transparent and community-driven governance process.
Already, Shiba Shootout’s ICO has gained significant traction, raising over $612k in its early stages. With SHIBASHOOT tokens priced at $0.0195, early investors are showing confidence in the project’s potential for growth. As the ICO progresses, upcoming features like Savings Saddlebags and Cactus Staking are expected to further enhance engagement and value within the meme coin ecosystem, setting a precedent for innovation in cryptocurrency development. Secure your stake now and ride the wave of excitement with Shiba Shootout.
4. Cardano (ADA)
Cardano is a rapidly advancing project within the cryptocurrency sphere, distinguished by its rigorous academic research and development approach. It operates on a dual-layer architecture comprising a Settlement Layer (CSL) for fast, low-fee transactions and a Computational Layer (CCL) supporting smart contracts and network security. Cardano utilizes a unique proof-of-stake (PoS) consensus mechanism known as Ouroboros-BFT.
The Cardano ecosystem has reached a significant milestone with the release of Cardano node v9.0. This update finalizes the primary development phase for the bootstrap of on-chain governance, paving the way for decentralized governance implementation outlined in CIP-1694. Notable features include support for Plutus v1 reference scripts and Plutus script signature via CIP-69. This transformative shift empowers stakeholders—Stake Pool Operators (SPOs), Exchanges, and DApps—to actively participate in shaping Cardano’s future development and maintenance.
🚀 Cardano node v9.0 is here! This release wraps up the primary development for on-chain governance and kicks off ecosystem-driven testing.
Exciting new features include support for Plutus v1 reference scripts and CIP-69. A big step toward decentralized governance as outlined… pic.twitter.com/06DsiQu4RG
— Intersect (@IntersectMBO) July 9, 2024
As of now, ADA is riding high at $0.391505, marking a spirited 2.44% surge in the past 24 hours. With high liquidity, it has a volume-to-market cap ratio of 0.0315, indicating moderate trading activity. The 14-day RSI at 31.34 suggests neutrality, the lowest among the tokens, indicating potential for a stable trading environment. ADA had 15 green days (50%) in the last month, the highest among the tokens, suggesting more consistent performance. Trading 19.17% below its 200-day SMA of $0.48452 indicates a downward trend. However, over the past year, its price increased by 34%. ADA may appeal to investors seeking consistent performance and high liquidity with lower volatility at 5%.
5. Aave (AAVE)
Aave is a decentralized crypto-lending platform that allows users to borrow and lend digital assets. Utilizing smart contracts, Aave automates lending and borrowing with predefined rules on fund distribution, collateral management, and fee assessment. Users must deposit more crypto than they wish to borrow, offering protection against loan defaults and enabling automatic collateral liquidation if values drop. Also, Aave’s native token, AAVE, can be traded on various exchanges or staked on the platform to earn interest.
Aave’s lending process is seamless. Users deposit crypto into liquidity pools to earn interest, while borrowers pledge collateral and borrow against it. Aave’s automated system dynamically calculates loan terms based on the value and volatility of the collateral. With fees for loans, Flash Loans, and network transactions, Aave offers a secure yet complex ecosystem for crypto lending and borrowing.
"The Aave Protocol has seen multiple market cycles. How do you ensure that the product functions in a market that is going upwards, and how does it stay resilient when the market is going down? One reason for GHO is to provide predictable yield." – @StaniKulechov pic.twitter.com/FeAmuGpBre
— Aave Labs (@aave) July 7, 2024
AAVE is currently priced at $89.44, with a 2.39% increase in the last 24 hours. It boasts high liquidity, with a volume-to-market cap ratio of 0.1172. Also, its volatility is relatively low at 6%, offering a stable environment for both borrowers and lenders. The 14-day RSI of 60.18 suggests a neutral market, similar to PRIME’s but lower than JASMY’s, indicating the potential for steady trading. AAVE had 14 green days (47%) in the last month, more than PRIME and JASMY but fewer than ADA. Over the past year, its price increased by 19%, which is lower than the other three top gainers, but it still surpassed 36% of the top 100 crypto assets.
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