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Ether, the second largest cryptocurrency by market cap, is facing challenges in keeping pace with Bitcoin’s soaring performance. While Bitcoin has surged by 65% in the first three months of the year, Ether has only seen a growth of around 53%. Despite a recent technical upgrade to the Ethereum blockchain to reduce transaction fees, Ether’s price dropped by 12%. This highlights concerns among investors about its market recognition and regulatory uncertainties.
The approval of spot Ether ETFs by the U.S. Securities and Exchange Commission (SEC) is anticipated. It’s expected to play a crucial role in Ether’s future trajectory. However, there are uncertainties surrounding this approval, as Ether’s legal status remains ambiguous, and regulators are expected to proceed cautiously.
Biggest Crypto Gainers Today – Top List
Amidst the usual fluctuations of the cryptocurrency market, today’s analysis unveils a spectrum of gains and losses. Pocket Network emerges as the frontrunner among top gainers, boasting a 14.61% increase in the past 24 hours. Conversely, Wormhole grapples with a substantial setback, leading the ranks of top losers with a staggering 97.90% loss within the same timeframe. In light of these oscillating trends, let’s analyze today’s four unique top gainers to discern their standout performances and market dynamics.
1. Bitget Token (BGB)
Bitget Token is the native utility token for Bitget, a prominent centralized exchange (CEX) that launched its updated BGB token in July 2021. This token serves multiple purposes within the platform, including staking, social trading, and profit sharing. BGB holders benefit from discounted fees, launchpad access, and profit-sharing via Bitget’s Copy Trade. Built on Ethereum’s blockchain using the ERC-20 standard, BGB ensures security and wallet compatibility, providing a reliable trading platform.
Currently ranked #6 in the Exchange Tokens sector by market cap, it boasts a price of $1.355053. Over the past year, BGB has experienced a remarkable 233% price increase, trading significantly above the 200-day SMA by 196.08%. Despite recent market fluctuations, with a 14-day RSI of 37.70, BGB remains neutral, indicating potential sideways movement. Additionally, BGB demonstrates stability with 17 green days in the last 30, representing a 57% positivity rate. Its 30-day volatility of 7% ensures a conducive trading environment for investors.
🌟Bitget Research: Bitcoin Briefly Falls Below $65,000, BGB Continues to Break New Highs
In the past 24 hours, many new popular tokens and topics have emerged in the market, which could potentially be the next wealth creation opportunity.
Overview
The market experienced a… pic.twitter.com/LDVLEIdohK
— Bitget Research (@BitgetResearch) April 4, 2024
Last week, Bitget expanded its offerings by adding the Ethena (ENA) token to its supported cryptocurrencies list. ENA serves as the governance token for Ethena, a protocol focused on creating a synthetic crypto-native dollar. This innovative protocol introduces USDe, a censorship-resistant, scalable, and stable synthetic dollar backed by assets recorded on the blockchain. Ethena’s users can leverage external AMM pools to trade USDe using stablecoin collateral like USDT or USDC, enabling the creation of the first “Internet Bond” alongside the synthetic dollar.
2. Monero (XMR)
Monero stands out in crypto for its unwavering commitment to privacy and transaction anonymity. Its advanced cryptography ensures complete confidentiality by obscuring both senders and recipients, starkly contrasting Bitcoin’s traceable transactions. The project aims to enable fast and affordable transactions without censorship or surveillance, providing users complete privacy in digital transactions.
Through innovative features like fungibility and ring signatures, XMR ensures that every transaction remains private and untraceable. This approach has made it a preferred choice for transactions on darknet markets, where privacy is paramount. Despite ongoing efforts by governments to crack its code, Monero remains steadfast in its commitment to maintaining user privacy and anonymity.
We have some exciting news to share!!! 📢
Our partner, @guardarian_com have enabled No-KYC exchanges for transactions up to 700€ daily.
This means that our users can now buy $XMR without following the #KYC protocol.
Payment methods: Visa, Mastercard, Revolut & Revolut Pay. pic.twitter.com/g3ifOm5UJR
— MyMonero (@MyMonero) March 26, 2024
XMR currently holds the #7 spot in the Proof-of-Work Coins sector and ranks #1 among Privacy Coins, reflecting its dominant position in privacy-focused cryptocurrencies. Despite experiencing a 19% decrease in price over the past year, its recent surge of 5.33% indicates a potential turnaround. While trading slightly below the 200-day SMA, Monero’s 14-day RSI suggests a neutral stance, possibly leading to sideways movement in the near term. It has shown positivity in 40% of the last 30 trading days, coupled with a low volatility rate of 5%. For investors seeking privacy-focused assets with high liquidity and a favorable market cap ratio, XMR stands out as a compelling option.
3. Smog (SMOG)
With its launch on the Jupiter decentralized exchange (DEX) on Feb 07, 2024, SMOG introduced itself as a unique meme coin. Unlike typical meme coins, it fosters community engagement through its ambitious airdrop initiatives, encouraging participation and interaction among holders.
Season 2 Begins Now! 🚀Introducing #SmogSwap! 🔥🐉
Season 2 is more weighted to buying and holding $SMOG, and will look at all on-chain activity as well as @zealy_io. 💸
Season 2 will award XP based on buying, holding, and swapping $SMOG since the token launch date – so fill…
— SMOG (@SMOGToken) March 15, 2024
Central to its airdrop rewards program are quests integrated into the Zealy platform. Participants can augment their potential earnings by completing daily tasks and community challenges. The Smog community has collectively completed an astounding 7.5 million quests on Zealy, showcasing their active involvement.
The current price of SMOG stands at $0.202563, which shows an increase of 2.11% in the last 24 hours. It is accompanied by a 24-hour trading volume of $449,254 and a market capitalization of $157.80 million, with a market dominance of 0.01%. Over the past 24 hours, SMOG’s price has seen a 2.11% increase. As SMOG continues its rapid development, considerable growth potential emerges. This is especially evident as its airdrop coincides with broader market movements in the upcoming months. Additionally, the project aims to achieve multichain status to amplify its value and broaden its accessibility.
4. Chiliz (CHZ)
Chiliz leads the digital currency space for sports and entertainment, driving the Socios platform’s innovative fan token ecosystem. Here, fans actively participate in governing their beloved sports brands. These tokens enable active participation in club-related decisions, bridging the gap between fans and organizations.
Regarding market cap, CHZ ranks #6 in the NFT Tokens sector, with a current price of $0.138781. The price surged by 5.78% in the last 24 hours, trading 72.82% above the 200-day SMA. Also, the 14-day RSI at 44.01 indicates neutral sentiment, with 53% of the previous 30 trading days being positive. With a volume-to-market cap ratio of 0.1022 and a 30-day volatility of only 7%, Chiliz offers a reasonable investment opportunity.
We're happy to share that @Transak, a leading cryptocurrency onboarding solution used by over 4.5 million people worldwide, now supports Chiliz. 🌶️
Learn how to use Transak here 👇https://t.co/tnEh9smETI#ChilizChain ⚡ $CHZ
— Chiliz ($CHZ) – The Sports Blockchain ⚽🏆 (@Chiliz) April 2, 2024
Transak’s recent integration with Chiliz marks a significant milestone in simplifying the acquisition of CHZ, offering fans and sports lovers an easy gateway into the innovative token-based ecosystems powered by Chiliz. This partnership is crucial for both companies and unlocks a broader user base of sports fans to enter the world of fan tokens. By listing Chiliz on Transak, barriers to entry into the rapidly flourishing world of sports and entertainment fan tokens are further lowered.
5. IoTeX (IOTX)
Starting as an open-source project in 2017, IoTeX has evolved into a decentralized platform to enable machines to have open economics. It facilitates interactions between people and machines within an ecosystem of trust, free will, and well-designed economic incentives. IoTeX’s innovative Roll-DPoS consensus and EVM-compatible blockchain offer scalability and flexibility. They empower various applications and enable self-sovereign devices and real-world oracles.
Positioned at #34 in the Ethereum (ERC20) Tokens sector and #49 in the Layer 1 sector, IoTeX reflects its ability to navigate the market effectively. With a price surge of 8.70% in the last 24 hours and a 154% increase over the past year, it presents an attractive investment opportunity. Its high liquidity and volume-to-market cap ratio of 0.4294 further enhance its appeal to investors.
IoTeX is teaming up with @EMCprotocol, a leading decentralized AI compute network & pioneers of the first GPU RWA.
Together, we unlock: Secure data exchange & verifiable AI models – building a rock-solid foundation for the future of DePIN + AI. https://t.co/pwqEi7A0gf
— IoTeX (@iotex_io) March 28, 2024
Kicking off with a bang, the recent partnership between EMC and IoTeX signals a leap in DePIN and AI innovation. It promises revolutionary advancements in decentralized technology. By integrating DeAI into IoT development, the collaboration aims to enhance security, privacy, and efficiency. This partnership showcases a dedication to innovation, forging new AI standards within decentralized networks. It sets the stage for a future where technology empowers users and propels digital society.
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