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Although the recent cryptocurrency rally shows signs of slowing down, it is still ongoing. However, last week, there was a gloomy atmosphere across the crypto market, with a decline in the leading asset affecting meme and utility coins. Shiba Inu and Polkadot experienced over 12% declines, while Avalanche and Aptos fared worse with 14% and 21% drops, respectively.
The price trajectory of Bitcoin influenced the movement of these coins, with Federal Reserve officials’ comments contributing to the overall market sentiment. Despite the uncertainty, traditional safety investments such as precious metals saw significant gains, indicating a cautious approach among investors. However, the dynamic cryptocurrency market hints at a potential growth resurgence, particularly if the U.S. economy remains robust and inflation stays low.
Biggest Crypto Gainers Today – Top List
In every timeframe within the crypto market, a standout performer emerges, and a lagging contender emerges. Over the past year, Pepe Coin claimed the top spot with an astounding gain of 63,789,215.93%, while ApeCoin suffered the most, plummeting by -59.35%. BOOK OF MEME has dominated 2024 thus far, boasting a remarkable 24,168.18% gain, while FTX Token struggles as the worst performer, experiencing a loss of -45.93%. Today, the crypto market volume is $205.56B, accompanied by a Fear & Greed Index reading 75 (Greed). Nervos Network leads today’s gainers with a 28.75% surge, while Yield Guild Games is the top loser with a -15.09% loss over the last 24 hours. However, among the 18% coins seeing positive movement today, four top gainers have more than price spikes; they harbor promising opportunities for wise investment.
1. Kaspa (KAS)
Kaspa is a proof-of-work cryptocurrency that implements the innovative GHOSTDAG protocol, allowing parallel blocks to coexist without orphans. This unique approach transforms the blockchain into a blockDAG, ensuring secure operation while maintaining high block rates, currently set at one per second. Kaspa also boasts features like Reachability, Block data pruning, and SPV proofs, enhancing its functionality.
Kaspa’s ability to support high block rates while maintaining robust security through proof-of-work sets it apart. Its novel monetary policy, inspired by music, decreases emissions geometrically over time, aligning with the chromatic scale. This policy, known as the chromatic phase, underscores Kaspa’s commitment to innovation and sustainability in the cryptocurrency space.
🏆Thanks for accepting on behalf of the entire community, @elldeeone, and for your work with #WDMS2024! The award is great, but we all know the "potential" is fulfilling itself now! https://t.co/YXsbHy97u8 pic.twitter.com/60bhUg46w0
— Kaspa (@KaspaCurrency) April 5, 2024
KAS demonstrates remarkable growth potential based on today’s analysis. It reflects investor confidence with a current price of $0.143494 and an 8.63% surge in the last 24 hours. The price surged by 375% over the past year, indicating strong market interest. Additionally, trading comfortably above the 200-day SMA and with low volatility, Kaspa offers stability amidst market fluctuations. High liquidity further positions it as an attractive investment opportunity, with a volume-to-market cap ratio of 0.0424.
2. Akash Network (AKT)
Akash Network is a decentralized cloud computing marketplace, providing users with a transparent and cost-effective platform to lease and utilize computing resources. It facilitates a seamless exchange between resource providers and consumers. Users can earn revenue by leasing their excess capacity while benefiting from lower costs and flexible deployment options. Specifically tailored for Web3 developers, Akash equips them with the tools to deploy decentralized applications effortlessly.
It offers a significantly reduced-cost alternative to centralized cloud services like Amazon Web Services or Microsoft Azure. It stands out for its unparalleled capability to facilitate seamless transitions between cloud providers, ensuring unparalleled flexibility and operational efficiency. The network utilizes a peer-to-peer protocol. This allows for a proportional distribution of computing workloads and efficient bidding for available resources.
The world needs truly permissionless and open AI chat.
As with all network code, Akash Chat is open-source. It's also powered by permissionless NVIDIA H100s and A100s on Akash.
Try Akash Chat today:https://t.co/O0kUSzLtbl
Open-source code:https://t.co/EZjqfpywCI
— Akash Network (@akashnet_) April 4, 2024
AKT Network has seen a remarkable surge in price, with a current value of $4.32 and a 9.44% increase in the last 24 hours. The price has surged by 1,405% over the past year, indicating significant growth potential. However, it is essential to note the low liquidity, with a volume-to-market cap ratio of 0.0051. This gainer’s 30-day volatility also stands at 10%, suggesting moderate fluctuations. Investors should consider these factors alongside the network’s unique features and the utility of the AKT token before making investment decisions.
3. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix introduces a stake-to-mine concept, making Bitcoin mining accessible by allowing users to mine Bitcoin through staking $BTCMTX tokens. These tokens are staked on the platform’s website, and users receive non-transferable ERC20 token credits in return. These credits can be exchanged for Bitcoin cloud mining time or a portion of Bitcoin mining yields, offering users decentralized control over their mining activities. Users can convert their earnings into Bitcoin for transfer to personal wallets or exchanges, establishing a tokenized cloud-mining system with a pay-as-you-go approach.
It aims to democratize Bitcoin mining by providing a user-friendly and efficient tokenized cloud mining platform. It seeks to address casual users’ challenges in traditional mining and mitigate risks associated with cloud mining scams. Additionally, users can earn staking rewards on the $BTCMTX token, further incentivizing participation in the platform.
Only 3 days left until Stage 36 of #BitcoinMinetrix comes to an end!
What are your thoughts on the role of renewable energy in #Bitcoin mining? ♻️ pic.twitter.com/xgxc8RyCEK
— Bitcoinminetrix (@bitcoinminetrix) April 7, 2024
BTCMTX, currently nearing the $13 million mark in its token presale, has exceeded 85% of its fundraising goal outlined in its whitepaper. The ambitious project aims to raise $15 million through a 39-stage token presale, which is currently in its 36th stage and closes in the next three days. Interested users can acquire $BTCMTX tokens using Ethereum-compatible wallets like MetaMask, with payment options including ETH, BNB, MATIC, USDT, or card transactions.
Visit Bitcoin Minetrix Presale
4. Wormhole (W)
Wormhole is a pioneering Jump Crypto project aiming to transform cross-chain communication. Initially, it served as a token bridge between Solana and Ethereum. It has since evolved into Wormhole V2, a general messaging protocol facilitating interoperability among various blockchains. With over $40 billion in value transfer and 1 billion messages sent, Wormhole supports over 30 blockchains and hosts over 200 applications.
At the core of Wormhole’s innovation lies its Guardian network, comprising top validator companies worldwide. This network ensures the security and validity of messages through Verified Action Approvals (VAAs), which are relayed via the Relayer network. Wormhole also offers additional products like Wormhole ZK, Queries, Gateway, and Connect. These enhance its cross-chain capabilities with features like zero-knowledge proofs, blockchain data querying, and easy token bridging.
Wormhole x @AMD – Accelerating Wormhole ZK
Wormhole's platform is rapidly evolving into a ZK-enabled network for trustless transfers of data & value.
AMD is providing enterprise grade hardware, as well as expertise to increase processing speeds and reduce transaction costs 🧵 pic.twitter.com/neNccsEBFI
— Wormhole (@wormhole) April 6, 2024
Wormhole is making waves, holding the impressive positions of #9 in the DeFi Coins sector and #1 in the Solana Coins & Tokens sector. With a current price of $1.056644 and a recent surge of 6.59% in just 24 hours, Wormhole is catching the eye of investors. Its high liquidity, reflected in a 0.4775 volume-to-market cap ratio, further underscores its potential. It presents an enticing investment opportunity for those intrigued by the dynamic niche of cross-chain communication and interoperability.
5. Fantom (FTM)
Fantom is a dynamic directed acyclic graph (DAG) smart contract platform. It revamps decentralized finance (DeFi) services and boldly tackles the limitations of previous blockchain iterations. Guided by the Fantom Foundation’s vision since 2018, the inception of its mainnet OPERA in December 2019 marks a pivotal moment, empowering developers to deploy decentralized solutions seamlessly. At the heart of Fantom’s prowess lies its bespoke consensus mechanism, Lachesis, delivering unmatched transaction capacity and lightning-fast finalization.
This project has fantastic use cases and demonstrates equally impressive price movements. Its price surged by 5.86% in the last 24 hours, an 84% increase over the past year. Trading 101.32% above the 200-day Simple Moving Average (SMA), it signals robust market sentiment. The 14-day Relative Strength Index (RSI) suggests a balanced outlook, with 16 out of the last 30 trading days displaying positivity. As an enticing investment opportunity, FTM is bolstered by high liquidity and a formidable volume-to-market cap ratio of 0.1288.
Say hello to $USDC.e, our canonical stablecoin (stay tuned for bridging instructions) 🎉
USDC.e is a bridged stablecoin on @Wormhole and can be upgraded to native $USDC by @Circle.
Learn what's required for this upgrade to happen on #Fantom 👇https://t.co/xfjyVreURk pic.twitter.com/SSWMiZzKSp
— Fantom Foundation (@FantomFDN) April 5, 2024
Interestingly, Fantom recently partnered with USDC-issuer Circle in a stride towards innovation. They aim to introduce a cutting-edge stablecoin, USDC.e, on the Wormhole cross-chain messaging protocol. This visionary collaboration aims to dissolve liquidity fragmentation and stabilize the ecosystem. Furthermore, it seeks to enhance the platform’s allure by furnishing additional on-ramps. Leveraging the Wormhole Native Token Transfers (NTT) standard, USDC.e promises accessibility to all users and developers on Fantom. This initiative aims to elevate its appeal and functionality to unprecedented heights.
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