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As the cryptocurrency market bounces back from a tumultuous week, major tokens are showing promising signs of recovery. After Ripple Labs’ $125 million penalty, celebrated as a partial win against the SEC, Bitcoin and Ether have posted notable gains. Bitcoin surged by 4.5% to surpass $57,600, while Ether climbed nearly 5%. Despite these upticks, both remain below their levels from a week ago, reflecting ongoing volatility and market nervousness amid broader economic concerns and geopolitical tensions.
Biggest Crypto Gainers Today – Top List
In today’s spotlight, we delve into the top crypto gainers making waves in this fluctuating market. Gifto, Bitcoin SV, Raydium, and Neo are leading the charge with impressive performances. Gifto stands out for its innovative approach to digital gifting, while Bitcoin SV aims to restore Bitcoin’s original vision with remarkable scalability. Raydium continues to shine with its dynamic AMM on Solana, and Neo, known as the “Ethereum of China,” is steadily advancing. Explore our analysis to uncover why these standout cryptocurrencies are capturing the market’s attention today.
1. Gifto (GFT)
Gifto is transforming digital gifting by helping content creators earn directly from their fans. Specifically, it operates on platforms like Facebook, YouTube, and Instagram, using blockchain technology to facilitate virtual gifts through smart contracts. Users can buy and redeem these gifts using Gifto tokens (GFT). Moreover, the platform provides a diverse gift inventory and a gift portal where creators can manage and curate their gifts. Additionally, a crypto wallet simplifies GFT transactions and token management.
This innovative approach addresses the challenge of monetizing content by offering a direct reward system, thus reducing reliance on traditional advertising revenue. Consequently, Gifto’s blockchain foundation ensures transparency and security for all transactions. As a result, the platform creates a self-regulating ecosystem that supports a more sustainable and engaging model for both content creators and their supporters.
GFT is currently stealing the spotlight with a price of $0.030, following an impressive 12.45% leap in the last 24 hours. Notably, liquidity is off the charts, boasting a 7.1650 volume-to-market cap ratio, which highlights its robust trading activity. Meanwhile, the RSI stands at 55.29, indicating that it is maintaining balance and might experience sideways action.
$GFT crowd – Have you tried our newly Bridge product yet?
Try it out now!https://t.co/4wU5d9szWb pic.twitter.com/rP13DsYawS
— Gifto (@GiftoMetaverse) July 26, 2024
Furthermore, over the past 30 days, Gifto has shown a steady climb, with 57% of the days ending in the green. Although volatility is slightly elevated at 28%, it continues to perform well, trading 56.12% above its 200-day SMA of $0.020. With a 103% price increase over the last year, GFT is proving itself to be a formidable contender, beating 73% of the top 100 crypto assets.
2. Bitcoin SV (BSV)
Bitcoin SV was created from a 2018 hard fork of Bitcoin Cash (BCH), which itself split from Bitcoin (BTC) earlier. Consequently, BSV aims to restore Bitcoin’s original vision from Satoshi Nakamoto’s white paper. By removing block size limits and re-enabling Script commands, BSV can handle tens of thousands of transactions per second with low fees. Additionally, it supports advanced features like tokens and smart contracts.
Thanks to its unbounded block size, BSV can manage large transaction volumes without relying on second-layer solutions. In fact, tests show it can process up to 1,000,000 transactions per second, potentially surpassing traditional systems like VISA. Furthermore, the network is secured by a proof-of-work mechanism.
BSV is navigating the market with a current price of $40.80, showing a notable 5.90% gain in just 24 hours. Additionally, the token boasts high liquidity, with a volume-to-market cap ratio of 0.1717, highlighting strong market activity. Meanwhile, the RSI, at 39.21, indicates that BSV is neither overbought nor oversold, suggesting it may trade sideways in the near term. Over the past month, it has closed in the green 57% of the time, reflecting a consistent yet cautious bullish trend.
🎯 BSV blockchain provides the necessary monetization framework for both AI and the Metaverse. Stay up to date on all the latest tech trends here: #BSVBlockchain #BlockchainAI @wefhttps://t.co/ibOEjF4Zxd
— BSV Blockchain (@BSVBlockchain) August 1, 2024
Despite its low volatility at 10%, BSV is hovering close to the 200-day SMA, trading just 0.92% below it. In the past year, BSV has surged by 13%, managing to surpass only 39% of the top 100 cryptocurrencies. Consequently, BSV finds itself in a delicate position—either on the brink of a major breakout or simply maintaining its steady pace.
3. Shiba Shootout (SHIBASHOOT)
Shiba Shootout is quickly becoming a standout in the crypto market. Firstly, the project has shown enormous potential, which is evident in its presale performance. Since the ICO launch, it has raised over $890,000 and is rapidly approaching the $1 million milestone. Moreover, the presale is organized in phases, each featuring a slight price increase. At the current rate of $0.0198 per token, investors are eager to buy in before the next price hike.
Introducing #CactusStaking! 🌟🌵
Stake your #ShibaShootout tokens on a digital cactus and watch your rewards grow! 🚀🌸 pic.twitter.com/Z8OXUJSb5D
— shibashootout (@shibashootout) August 6, 2024
In addition to its impressive presale numbers, Shiba Shootout boasts a unique and engaging backstory. The project immerses its community in a Wild West-themed world, complete with challenges and meme battles. This distinctive narrative, combined with the project’s interactive elements, has captured the imagination of many in the crypto space. As a result, Shiba Gulch has become a hub for enthusiasts to connect and join the excitement.
Furthermore, Shiba Shootout features a well-designed staking program, making it an attractive option for investors. For example, the “Cactus Staking” program offers an impressive 1116% APY, drawing in significant participation. To date, approximately 29 million $SHIBASHOOT tokens have been staked, reflecting strong community engagement. In summary, the project’s tokenomics are carefully structured, with 35% of the 2.2 billion tokens allocated for the presale and 20% for staking rewards. This smart token distribution boosts Shiba Shootout’s growth and stability, making it a top opportunity in the crypto market.
4. Raydium (RAY)
Raydium operates as a dynamic automated market maker (AMM) on the Solana blockchain. It sets itself apart by integrating with Serum’s decentralized exchange (DEX). This unique feature allows liquidity providers to place limit orders on Serum’s order book, thereby benefiting from its extensive liquidity and order flow. With its native token, RAY, users can stake to earn fees, secure initial DEX offerings (IDOs), and influence governance decisions.
Moreover, the platform’s security is top-notch, thanks to its foundation on Solana’s high-throughput blockchain. It combines advanced encryption with rigorous third-party audits to identify and address vulnerabilities. Additionally, Raydium employs robust measures like secure authentication and data encryption to protect user information. These comprehensive security strategies ensure a trustworthy and efficient trading environment.
Announcing the launch of new fee tiers on Raydium CLMM and CPMM Pools!
This update brings more flexibility and options for users. Let’s dive into the details!👇
🔵CLMM Fee Tiers:
0.02% 💧
0.03% 🌊
0.04% 💦
2% 🌪️🔵CPMM Fee Tiers:
1% 🔄
2% 🔁
4% 🔃 pic.twitter.com/bPYEanJUUe— Raydium (@RaydiumProtocol) August 1, 2024
Raydium is on fire, with its price sizzling at $1.77 after a 2.48% gain in just 24 hours. Liquidity is strong, backed by a 0.0738 volume-to-market cap ratio. However, here’s the kicker—the RSI is a red-hot 72.78, flashing warning signs of an overbought market that might be ripe for a pullback. Over the last month, Raydium’s journey has been a rollercoaster, split evenly between green and red days. Yet, despite this volatility, it is miles ahead, trading a staggering 499.44% above its 200-day SMA of $0.30. Also, over the past year, RAY has skyrocketed by 731%, leaving 93% of the top 100 crypto assets in its dust.
5. Neo (NEO)
Neo is an open-source, decentralized blockchain platform designed for creating blockchain services and products. Moreover, it offers near-instant transactions, which makes it fast and efficient. Often compared to Ethereum, Neo supports decentralized applications (Dapps). Additionally, it features decentralized file storage, an Oracle system, and tokenized digital identities, all of which ensure compliance with AML and KYC regulations.
It operates with two native cryptocurrencies: NEO and GAS. Specifically, NEO is used for network governance and staking, while GAS covers transaction fees and computational power. What sets Neo apart, however, is its innovative combination of Proof of Stake and delegated Byzantine Fault Tolerance (dBFT). This unique protocol enables Neo to handle up to 10,000 transactions per second, thus ensuring scalability.
We appreciate @secure3io's hard work, ensuring that the native bridge between Neo X and Neo N3 meets the highest security standards, offering the safe transfer of assets. 🛡️
Detailed audit results will be revealed soon. https://t.co/tlce6A9uDG
— Neo Smart Economy (@Neo_Blockchain) August 2, 2024
NEO, often dubbed the “Ethereum of China,” is currently priced at $9.25, having edged up 1.57% over the last day. The token enjoys strong liquidity with a 0.0920 volume-to-market cap ratio, signalling active trading. Its RSI of 48.10 indicates a neutral stance, with the potential for steady sideways movement. However, with only 43% of the past month’s days closing in the green, the market sentiment seems cautious.
Despite low volatility at 9%, it is trading significantly below its 200-day SMA, down 29.13%, a clear indication that it has some catching up to do. Over the last year, NEO has seen a modest 9% increase, but it has only managed to outperform 36% of the top 100 crypto assets. Unlike other top gainers, this paints a picture of a project that is stable yet yearning for a breakout.
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