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Four coins have distinguished themselves as top gainers in today’s market. Mantle Network, the pioneer of an innovative L2 technology for Ethereum scalability, had a substantial 20.40% price surge in the last 24 hours. In parallel, The Sandbox reshapes the gaming landscape with its blockchain-based virtual world, marking a 4.05% price increase and maintaining commendable liquidity.
Meanwhile, Chromia empowers developers with its relational architecture, boasting a 7.33% surge and outperforming 80% of top assets over the past year. Decentraland emerges as a decentralized digital asset creation and trade hub, registering a recent 7.98% surge. Let us explore these projects to understand their technical intricacies and impact on cryptocurrency.
Biggest Crypto Gainers Today – Top List
As the saying goes, “In the world of crypto, volatility is the norm,” and today is no exception. With a total trading volume of $ 212.28B in the last 24 hours, the market sentiment remains bullish, registering a Greed reading 72 on the Fear & Greed Index. Notably, 66% of cryptocurrencies have gained value, led by Mantle with an impressive 18.35% surge, while Jasmy takes the unfortunate title of top loser with a -7.35% loss. Reflecting on the past year, Pepe Coin emerges as the champion, boasting an astounding 10,000,000.00% gain, while Arbitrum struggles, witnessing a significant loss -63.16%. Let us move on to the top gainers for the day.
1. Mantle (MNT)
Mantle Network, driven by its native token MNT, introduces an innovative L2 technology stack for Ethereum scalability. It aims to enhance network performance and reduce fees while ensuring faster transaction finality. DApps built on Mantle can enjoy exceptional user experience and Ethereum’s robust security.
Mantle Network’s uniqueness lies in its modular architecture, which enables hyperscaling network performance at low fees. This approach separates transaction execution, data availability, and finality into upgradeable modules, facilitating the adoption of the latest innovations. Additionally, Mantle’s ecosystem offers comprehensive support for projects from conception to market. It also has initiatives like the Mantle Grants Program and a $200M EcoFund to nurture developers and innovators.
However, recent performance metrics reveal mixed results. While MNT experienced a significant 20.40% price surge in the last 24 hours, its market dominance remains at a modest 0.15%. The 14-day RSI indicates a neutral stance at 63.96, and though 60% of the past 30 trading days were positive, the 30-day volatility stands at a conservative 11%.
💡 The Mantle Research team releases a report that proposes a fair sequencer (architecture and protocol) that leverages Verifiable Random Functions (VRFs) to ensure fair ordering in the execution of transactions.
Find out more: https://t.co/0IVIVwHerAhttps://t.co/nUNX1lTXjs
— Mantle (@0xMantle) February 24, 2024
MNT presents an intriguing opportunity for investors seeking exposure to Ethereum scalability solutions. Nevertheless, caution is advised due to the neutral market sentiment and the need for further stability in performance metrics.
2. The Sandbox (SAND)
The Sandbox, launched by Pixowl in 2011, is a blockchain-based virtual world where users create, trade, and profit from digital assets within a gaming environment. It merges decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs). Thus, it empowers players to be creators and gamers at the same time. It revolutionizes traditional gaming paradigms.
Uniquely, it offers a platform where users retain ownership of their creations. Promoting user-generated content and leveraging the SAND token for transactions fosters a vibrant community and decentralized governance supported by notable industry players like Atari and CryptoKitties.
Its data analysis indicates a 4.05% price increase in the last 24 hours, with a trading price of $0.538651. However, over the past year, the token has experienced a 24% decrease, underperforming compared to 93% of the top 100 crypto assets. Despite bullish investor sentiment and a Greed/Fear index at 72, SAND’s 14-day RSI suggests a neutral stance at 58.32. While 57% of the last 30 trading days were positive, SAND exhibits low volatility at 6% and maintains high liquidity.
Realms beyond your wildest dreams! 🙌 Groundbreaking adventures by brilliant minds are here – let your thoughts wander to virtual metaverse wonders!
👇👇👇👇👇#UGC pic.twitter.com/PIG7TeN7JE
— The Sandbox (@TheSandboxGame) February 24, 2024
According to the latest news, Forbes has entered The Sandbox metaverse, claiming a permanent virtual land and unveiling a ‘luxurious pool’ for players. The virtual environment, envisioned as a bustling community hub, will host interactive experiences, workshops, and events. Forbes Chief Growth Officer Taha Ahmed emphasizes the venture as a testament to Forbes’ forward-thinking approach, aiming to leverage the transformative potential of the metaverse. Investors can capitalize on the platform’s growing credibility by investing in SAND, which is driven by partnerships with entities like Forbes.
3. Chromia (CHR)
Chromia (CHR) is a blockchain platform by ChromaWay that enables easy DApp creation. It boasts a relational architecture for faster transactions and lower fees. Developers use SQL and JavaScript, enjoying open-source flexibility. CHR supports public, private, or hybrid models, enhancing data control and allowing scalability for up to 100,000 updates per second.
Currently priced at $0.454069, CHR surged 7.33% in 24 hours, with a market dominance of 0.02%. Investor sentiment is bullish, with a Greed/Fear index of 72. Over the past year, CHR outperformed 80% of the top 100 assets, including Bitcoin (+14.46%) and Ethereum (+31.11%). Trading 267.78% above the 200-day SMA, it maintains a neutral RSI at 69.74.
Thank you @Cointelegraph for sharing the exciting news of @MyNeighborAlice's Road to Decentralization 💪
This is what blockchain is all about; power to the public 🔥#Chromia makes it possible to host everything on-chain, no centralized servers for #MNAhttps://t.co/9ViP8OHTpY pic.twitter.com/4HpEWPW1Wl
— Chromia | Power to the Public (@Chromia) February 21, 2024
Recent news unveils My Neighbor Alice’s roadmap, emphasizing decentralization and community involvement. Leveraging Chromia’s infrastructure, the game offers on-chain experiences and fosters user-generated content. With player-to-player trading and collaborative features, it aims to become a social platform for creativity and collaboration.
4. Scotty the AI (SCOTTY)
Scotty the AI, the “Guardian Of The Crypto Universe,” emerges as a vigilant protector, navigating the digital domain with intelligence and cunning. Its origin story, depicting a Scottish Terrier with jet-black fur, sets the stage for its crucial role in safeguarding crypto secrets.
This meme coin integrates AI to revolutionize security and fraud detection in Web3. With 30% tokens allocated for presale and diverse ecosystem development plans, Scotty aims for a phased rollout, from community launch to token listings and partnerships.
Critical features like Scotty Swap and ScottyChat elevate Scotty’s significance. Scotty Swap facilitates rapid token exchanges with top-notch security, while ScottyChat serves as an AI-powered crypto companion, offering market insights and aiding investors.
💥Presale Update!💥
ScottyTheAi has raised $750k in early stages of presale
Congratulation to all the early #Scottydogs in presale.
Buy Now: https://t.co/zRmy4g8hfW #cryptocurrencies #Ethererum #binance $SCOTTY pic.twitter.com/7BIuSUfL8p
— Scotty The Ai (@ScottyThe_Ai) February 25, 2024
Investor interest in SCOTTY is evident, with over 90% of the $500,000 fundraising target reached in days. With $0.00555 per token in the fifth round, the ongoing presale attracts early investors eyeing potential returns.
5. Decentraland (MANA)
Decentraland is a virtual reality platform on Ethereum that empowers users to create, experience, and monetize content. Users purchase land parcels, build upon them, and monetize their creations. MANA tokens are used to acquire non-fungible LAND tokens and pay for in-game items.
Following a $24 million ICO in 2017, Decentraland launched its closed beta in 2019 and opened to the public in 2020. Users have crafted diverse experiences, from interactive games to 3D scenes. The platform operates via a decentralized autonomous organization (DAO), giving the community governance control.
Its decentralized governance model and creative freedom set this top gainer apart. With 90,601 land parcels, users have the autonomy to shape their virtual experiences. Districts offer themed areas, fostering diverse virtual environments.
Did you know that owning a @decentraland NAME or an ENS Domain grants you a personal space in the Decentraland metaverse where you can bring your imagination to life?
1/8🧵👇🏾 #decentraland #metaverse #web3 #web3community pic.twitter.com/XaIzjtpaKC
— DecentralandDAO (@DecentralandDAO) February 24, 2024
Despite recent challenges, Decentraland maintains stability, with MANA experiencing an 18% price decrease over the past year. However, current metrics show a 7.98% surge, with a trading price of $0.535653. While performance metrics indicate fluctuations, the project’s innovative concept and active community engagement offer potential opportunities for investors seeking involvement in the evolving virtual reality landscape.
Let us move to the latest news in the crypto space. OANDA unveils a new UK crypto trading platform, OANDA Crypto, licensed by the FCA in London. It Offers 63+ cryptocurrency pairs, including Bitcoin & Ether, with plans for more tokens and features this year!
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