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ProShares launched two new Bitcoin ETFs, BITU and SBIT, offering magnified returns and inverse performance, respectively, tracking the Bloomberg Bitcoin Index. The move follows the success of spot Bitcoin ETFs, with BITU and SBIT standing out by focusing on spot Bitcoin rather than futures.
These new offerings reflect the surging demand for spot Bitcoin ETFs and highlight the ETFs’ growing popularity for seamless trading. With regulators approving spot Bitcoin ETFs, investors now have more options to invest in crypto, drawing both speculation and hedging strategies. Despite concerns about increased speculation, these ETFs allow investors to manage risk and capitalize on Bitcoin’s volatile price movements.
Biggest Crypto Gainers Today – Top List
In the fast-paced sphere of crypto, identifying the top gainers can offer a glimpse into the market’s pulse. These coins attract attention due to their significant price movements, reflecting investor sentiment and market dynamics. For traders and investors, keeping a close watch on these standout performers is essential for staying ahead of the curve and making informed decisions.
Today, we’ll look at four top gainers: Amp, Internet Computer, Injective, and MANTRA DAO. Each of these coins has demonstrated remarkable growth and holds the potential to shape the future of the crypto space. Let’s explore what sets them apart and why they’re capturing the attention of market participants.
1. Amp (AMP)
Amp is an open-source protocol providing collateral as a service, facilitating instant, verifiable assurances for various value transfers. Launched in 2020, Amp addresses network challenges like slow confirmation times and price volatility. It offers a fast, efficient, and secure transaction platform. Amp introduces collateral partitions and managers, enabling versatile collateralization for accounts, applications, and transactions, enhancing security and reliability.
Its distinction lies in its decentralized and open-source ecosystem, decentralizing risk through smart contracts and integrating value transfer seamlessly. Flexa network and the AMP token protect buyers and sellers from fraudulent activities and potential losses. Sellers pay commissions for crypto payments, and if any transfer issues arise, the network reimburses the costs. The staked AMP tokens serve as collateral, ensuring secure transactions and offering passive income opportunities for investors.
As anticipation builds for the upcoming @anvil_xyz claim, I wanted to cover the basics of creating and securing a self-custody wallet, moving funds from a CEX, and staking to @FlexaHQ Capacity. @ampera_xyz $amp https://t.co/1cijjB1dU8
— Hydroshock (@Hydroshock_) March 26, 2024
Amp demonstrates robust performance metrics, with an impressive 8.70% surge in the last 24 hours alone, indicating growing investor confidence. Trading significantly above the 200-day SMA by 312.07% reflects bullish solid momentum. Although overbought with a 14-day RSI of 76.08, Amp demonstrates a positive trend. Over the last 30 days, it experienced 14 green days, indicating a 47% positivity rate. Moreover, with high liquidity boasting a volume-to-market cap ratio of 0.1263, Amp offers favourable conditions for investors seeking stability and growth potential.
2. Internet Computer (ICP)
Internet Computer transforms blockchain design with innovative cryptography. It presents the first “World Computer” blockchain, capable of constructing diverse online systems sans traditional IT infrastructure like cloud services. Unlike most Proof-of-Stake blockchains hosted by software instances, ICP operates on a network of dedicated node machines. These machines foster decentralization and utilize the Internet Computer Protocol (ICP) to connect. They form a sovereign network that enforces a “Proof-of-Useful-Work” model, ensuring efficient block production and network integrity.
Its uniqueness lies in its chain key crypto, seamlessly combining subnet blockchains into a single scalable entity. This enables secure web interactions and facilitates native Bitcoin DeFi transactions without relying on bridge services. Canister smart contracts, crafted in Rust and Motoko, enable versatile application development, utilizing parallel processing for scalability. The Network Nervous System (NNS), a permissionless DAO, governs ICP’s infrastructure, managing subnets and ensuring cryptographic consistency.
#ICP revolutionizes blockchain interoperability, eliminating the need for intermediaries like bridges with its multichain technology.
With Chain Fusion, multichain dapp development becomes seamless
Unlock the future of Web3 with Chain Fusion 🌐 pic.twitter.com/D57V7JPsqf
— DFINITY (@dfinity) April 1, 2024
Looking into market dynamics, ICP ranks 13th in the Layer 1 sector, with a current price of $ 18.33. Over the last 24 hours, the price surged by 7.10%, marking a positive trend. With a market dominance of 0.34%, the coin has witnessed a significant 273% price increase in the past year. Trading 78.38% above the 200-day SMA and with a 14-day RSI of 55.75, ICP currently shows neutral sentiment and potential sideways movement. Furthermore, with 15 green days in the last 30, indicating 50% positivity, ICP demonstrates a balanced investment opportunity. Additionally, its manageable 30-day volatility of 15% and high liquidity enhance its appeal to investors.
3. Sponge V2 (SPONGE)
Sponge V2 migration to the Polygon network continues to spark considerable interest within the crypto community. Also, introducing its innovative play-to-earn (P2E) game has been a critical factor in attracting attention. Leveraging the Polygon network’s advantages, Sponge V2 offers users lower transaction fees and faster transaction speeds, enhancing the gaming experience. Moreover, the project aims to enrich user engagement through captivating visuals and immersive gameplay.
Milestone alert, #SPONGERS! 🔥
There are now over 9.5 billion $SPONGE tokens staked with a value of $20,333,984.53! 🤯
Our holders are enjoying an impressive current APY of +150%. 🚀
Join us and absorb the damp!! 🧽🧽💦#SpongeV2 #Crypto #Web3 #Alts pic.twitter.com/fIDwcuk26c
— $SPONGE (@spongeoneth) April 2, 2024
One of Sponge V2’s standout features is its unique staking mechanism, which offers traders an appealing opportunity to generate passive income. Since the token’s relaunch on the Polygon network, investors have witnessed impressive returns, with over 7,000% ROI. This robust performance has garnered optimism among the Sponge community members regarding Sponge V2’s prospects.
Sponge V2 allocates 7.5% of $SPONGEV2 to marketing efforts, 4.47% to game development, 8% to P2E rewards, 10% to centralized exchange (CEX) liquidity, and 26.93% to bridged Sponge. Sponge V2’s strategic distribution of funds emphasizes its dedication to ecosystem development and community incentives. This approach underscores the project’s commitment to fostering long-term success. With the current price at $0.002165, having experienced a 5.2% increase within the last 24 hours, there is no better time to invest than now.
4. Injective (INJ)
Injective is a blockchain tailored for finance, powering next-gen DeFi apps such as spot and derivatives exchanges, lending protocols, and prediction markets. It boasts a decentralized MEV-resistant order book and supports all financial markets, including spot, perpetual, futures, and on-chain. It uniquely provides a highly interoperable smart contract platform based on CosmWasm with advanced interchain capabilities.
Its impressive layer-one smart contract blockchain offers ultra-fast speeds and zero gas fees. The project’s community-driven network governance ensures decentralized innovation and protocol upgrades. Injective’s environmentally friendly Tendermint-based Proof-of-Stake consensus mechanism sets it apart, with a 99% lower carbon footprint than other chains.
INJ has exhibited a remarkable surge of 4.50% in the last 24 hours alone, indicating sustained investor interest and potential short-term gains. Over the past year, it has seen an impressive 522% price increase, signalling robust growth prospects for investors. It demonstrates robust bullish momentum, trading significantly above the 200-day SMA by 209.80%.
Users can now vote on the first Injective Quadratic Funding Round with @DoraHacks!
Instructions on how to vote below 👇 https://t.co/55zePC3rMY
— Injective 🥷 (@injective) April 2, 2024
Despite its overbought status, as shown by a 14-day RSI of 79.76, Injective maintains a solid track record. Furthermore, its 30-day volatility remains at just 10%, ensuring a stable trading environment. With high liquidity, boasting a volume-to-market cap ratio of 0.1831, Injective offers ample opportunities for traders to participate in its thriving ecosystem.
5. MANTRA DAO (OM)
MANTRA DAO distinguishes itself in blockchain by identifying a critical gap within the Cosmos ecosystem. This gap concerns the need for a dedicated chain tailored to regulatory compliance for real-world and tokenized assets. This visionary approach underscores the platform’s commitment to providing a forward-thinking protocol capable of accommodating many users, including those outside the traditional crypto sphere.
Prioritizing regulatory compliance and safety aims to create a conducive environment for diverse participants who value the assurance of regulatory adherence. This strategic focus aligns with the evolving regulatory system and sets the stage for attracting institutional and retail users seeking a compliant blockchain solution. OM offers a compelling proposition for those prioritizing security and regulatory assurance in their blockchain endeavours through its specialized chain for regulated digital assets.
💜 #MANTRA March 2024 Recap: Over 80k sign-ups for the upcoming Hongbai Incentivized Testnet, $11M fundraising, $OM new listings, growing community, and a lot of exciting events.
👩💻 Dive into all the updates from the world of MANTRA: https://t.co/Vr93C7UctO #OM #RWA pic.twitter.com/r7GqJmq9iG
— MANTRA | Tokenizing RWAs (@MANTRA_Chain) April 1, 2024
In the last 24 hours, OM surged by 9.35%, signalling positive investor sentiment. Despite a neutral 14-day RSI of 30.75, OM maintained a positive trend with 16 green days in the last 30, representing a 53% positivity rate. With a high liquidity ratio of 0.4039, MANTRA DAO demonstrates ample market liquidity. Additionally, the significant price growth of 1,911% over the past year has caught the attention of investors. MANTRA DAO is an intriguing opportunity for those seeking exposure to compliant blockchain ecosystems.
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