Top Crypto Gainers Today Apr 19 – Immutable X, Gala, THORChain, Internet Computer

Halving events occur swiftly, but realizing their benefits takes months most of the time. Bitcoin’s “halving” event halves new coin supply, potentially impacting market dynamics. Experts caution against immediate price rallies, noting historical trends. The recent 12% drop hints at the correction phase post-halving anticipation.

Production costs may rise, affecting miner revenue, with estimated yearly losses of $10 billion for the industry. Moreover, consolidation among miners is expected, with smaller players likely to come offline. Larger miners foresee increased market dominance, anticipating long-term profitability amidst structural demand.

Biggest Crypto Gainers Today – Top List

In today’s market, 22% of cryptocurrencies have climbed the price ladder amidst the significant Bitcoin halving event. Among them are the distinguished Internet Computer, THORChain, Gala, and Immutable X. These top gainers stand out for their impressive projects and price increases. Internet Computer surged 10.50%, THORChain 15.62%, Gala 15.68%, and Immutable X 9.22% within the last 24 hours. But beyond the price growth, let’s learn the tale behind each and the investment opportunities they present.

1. Immutable X (IMX)

Immutable tackles Ethereum’s limitations for NFTs. Users get instant trading, zero gas fees, and massive scalability. This lets them create and distribute tons of digital assets. Their focus on zk-rollups positions them at the forefront of NFT development. Immutable X has the potential to be the go-to “NFT blockchain” if it can achieve its super-fast transaction speeds.

An easy-to-use API layer makes interacting with Immutable X simple. This attracts new players like gaming companies. Users won’t need to switch wallets; a secure “Link” layer allows for third-party marketplaces. A shared global order book helps marketplaces built on Immutable X. This fosters competition and lowers entry barriers for creators and developers.

What color gem are you collecting today?

Join Immutable zkEVM's Main Quest to grab your Daily Gem and be rewarded.https://t.co/jyE2uONCjX pic.twitter.com/aEy34RaA8f

— Immutable (@Immutable) April 18, 2024

Immutable X is on a tear! The price surged 9.22% in just 24 hours, reaching $2.05. That’s a 99% increase over the past year! While currently trading 127.19% above its 200-day average ($0.91), the RSI of 65.36 suggests a possible period of consolidation. But wait, there’s more good news! Volatility is only 14% over the last 30 days, indicating stability. Plus, liquidity is high with a healthy 0.0361 volume-to-market cap ratio (market cap: $3.00 billion, 24-hour volume: $108.3 million). This suggests there’s enough activity to support future growth.

2. Gala (GALA)

Gala Games emerges from a collective of industry-leading developers, aiming to reinvent gaming value through Web3 and blockchain technology. Departing from traditional models, Gala focuses on creating an expansive platform offering AAA-level games, many of which are free-to-play. This approach empowers players with unprecedented freedom, control, and rewards.

GALA serves as the primary utility token within Gala Games’ ecosystem. It facilitates the acquisition of NFT items, rewards Founder’s Node operators, and covers network fees. Daily emissions of GALA are split: 50% to Founder’s Node operators and 50% to the Gala Games conservatorship for ecosystem growth and project funding.

People toss around the word “wallet” in web3 a lot, but do you actually know how wallets work?

Buff your knowledge of web3 security by understanding the security mechanisms available to you!https://t.co/05kTiRZTmT

— Gala Games (@GoGalaGames) April 18, 2024

GALA’s current price is $0.046415, marking a 15.68% surge in the last 24 hours. Despite a 5% increase over the past year, it trades significantly above the 200-day SMA at $0.024292. Presently neutral, as indicated by the 14-day RSI of 34.39, GALA has witnessed 14 green days in the last 30, representing 47% positivity. With a 30-day volatility of 15%, it boasts high liquidity, evidenced by a volume-to-market cap ratio of 0.4418.

3. 5th Scape (5SCAPE)

5th Scape pulsates with an immersive gaming experience fused with the power of blockchain tech. Players can enjoy many dynamic sports, combat, and racing games within its vibrant ecosystem. All these have been meticulously crafted to transport users into captivating virtual worlds.

Introduction to Holo Tiles made by our very favourite @Disney 🚀

Keep reading to understand:
Lanny Smoot, a veteran Disney Imagineer, has unveiled the groundbreaking HoloTile floor. This omnidirectional walking surface is poised to revolutionize virtual reality experiences. With… pic.twitter.com/PwuEjOSH1W

— 5th Scape (@5th_scape) April 19, 2024

With a total token supply of 5.21 billion, the 5thScape project is set to make a significant impact. The presale, aiming to raise $15 million, will release 80% of the total 5SCAPE tokens across 12 stages, starting at $0.00187 and concluding at $0.0087. The listing price is $0.01, with the upcoming stage witnessing a price hike to $0.00215. Additionally, the project will allocate 20% of tokens for other critical priorities, including 10% for exchange liquidity.

As 5th Scape intertwines immersive gaming, cutting-edge hardware, and a dynamic token ecosystem, it charts a bold path in VR and Web3. The ICO has already attracted over $5 million, reflecting the excitement. At $0.00327 per token, it presents an enticing investment opportunity.

Visit 5th Scape Presale

4. THORChain (RUNE)

THORChain is a decentralized platform that allows users to swap cryptocurrencies across different blockchains. It does this like Bitcoin and Ethereum, without giving up control of their assets. Unlike traditional exchanges, this gainer uses liquidity pools to determine prices. Its native token is RUNE, which plays a central role in its functioning. Investors who hold RUNE can participate in governance and secure the network.

This token offers several benefits to users. One such benefit is the native asset settlement. This means users can swap coins directly on their blockchains. Another benefit is single-sided liquidity provision. In this case, users can deposit assets and earn yields without the risk of impermanent loss. Additionally, THORChain features a lending protocol. It allows users to borrow against their holdings without interest or expiration.

Celebrating 3 years of THORChain mainnet, congratulations to @cakewallet for adding support for THORChain Swaps ⚡️🍰

Full announcement on Medium pic.twitter.com/rPMFazdbIG

— THORChain (@THORChain) April 17, 2024

Its current price is $5.13. From analysis, it means it has seen a 15.62% surge in the last 24 hours. Despite a market dominance of 0.07%, a notable 232% increase has occurred over the past year. It trades 75.07% above the 200-day SMA at $2.93. The 14-day RSI sits at 49.05, suggesting a neutral stance. Of the last 30 trading days, 12 were positive, constituting 40%. With a 30-day volatility of 17%, it maintains relatively stable pricing. Additionally, its liquidity, with a volume-to-market cap ratio of 0.3246, remains robust, with a market cap of $1.72B and a 24-hour volume of $558.91M.

5. Internet Computer (ICP)

Internet Computer leads the charge with its decentralized “internet computer.” It takes on giants like Amazon AWS and Google Cloud. This super project is on a great mission. It aims to reshape the internet by enabling decentralized storage, computation, and governance, fostering community-driven innovation. The Network Nervous System oversees transactions and node coordination, ensuring security and scalability. They aim for an inclusive community where developers can enhance the platform for universal enjoyment.

ICP’s current price is $13.14, marking a 10.50% surge in the last 24 hours. With a market dominance of 0.26%, it has grown by 115% over the past year, trading 20.39% above the 200-day SMA at $10.98. The 14-day RSI indicates neutrality, while 50% of the last 30 trading days were positive. Volatility is 16%, with high liquidity, boasting a 0.0541 volume-to-market cap ratio.

There's a new era in Bitcoin, and ICP is helping pave the way

ICP's Threshold-Schnorr integration will enable Runes etching, seamless BRC-20 token transactions, and Bitcoin DeFi apps

The future of #Bitcoin is bright with #ICP

Full post @decryptmediahttps://t.co/uD6hrYw7vg

— DFINITY (@dfinity) April 18, 2024

There has been some exciting news within this gaining project. ICP now implements threshold-Schnorr signatures, enabling Bitcoin-based DeFi and web3 capabilities. This cryptographic scheme allows secure on-chain transactions and messages, enhancing ICP’s integration with Bitcoin. By leveraging BTC’s liquidity and security, decentralized applications, including exchanges and token transactions, flourish without centralized bridges. This integration addresses industry orchestration challenges. It bolsters functionality, speed, and security in crypto interactions. The team anticipates fully launching this fantastic project by summer.

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