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The everyday crypto market always has a class of top gainers and losers. Let’s see the highlights of the gainers. Toncoin, emerging from Telegram’s blockchain, stands out with its recent 20.36% surge to $2.57, positioning it as the 15th largest crypto. Litecoin, founded in 2011, excels in rapid transactions and privacy enhancements, reflected in its recent 10.64% increase to $82.15.
Solana offers rapid DeFi solutions yet faces challenges with outages and venture capital concerns despite a remarkable 14.30% top-up to $124.51. Tezos pioneers blockchain evolution, trading at $1.26 with a 9.27% spike despite underperforming against BTC and ETH. Also, Frog Wif Hat disrupts the meme coin space with a fair launch and locked liquidity, surging by 54.49% to $0.001561.
Biggest Crypto Gainers Today – Top List
In the last 24 hours, the cryptocurrency market saw a significant trading volume of $712.33B. The sentiment remains bullish, evidenced by the Fear & Greed Index, which is at a high of 80. Among the cryptocurrencies, BONK emerged as the top gainer, soaring by 63.51%, while Orbler faced a notable decline of -11.79%. The overall market capitalization stands at a robust $2.33T, with Bitcoin leading the charge with a price surge to $63,239, securing a market cap of $1.24T and a dominance of 53.05%. However, let us talk more about the four coins that have won their spot among the top gainers.
1. Toncoin (TON)
Toncoin (TON) emerged in 2018 as a decentralized blockchain by Telegram, rebranded as The Open Network (TON) after being taken over by the TON Foundation. It’s the native cryptocurrency facilitating transactions within the network. TON aims to provide fast, transparent, and secure payment services at minimal fees.
Its proof-of-stake (PoS) consensus model ensures scalability and reliability. The network offers services including TON Wallets, TON Services for dApps, TON Storage for encrypted data, TON Proxy for decentralized VPNs, and TON DNS for website compatibility.
Recent news reveals Telegram’s adoption of TON blockchain for its advertising platform, promising 50% of ad revenue for channel owners. This strategic move underscores Telegram’s commitment to TON’s capabilities, fostering a secure and efficient payment system while promoting the platform’s growth.
This integration has catalyzed TON’s value, with its price surging by 20.36% in 24 hours to $ 2.57. The market capitalization is $ 8.91B, marking TON as the 15th-largest cryptocurrency. The increased trading volume reflects growing confidence in TON’s potential within Telegram’s ecosystem, signaling a positive trajectory for both platforms.
2. Litecoin (LTC)
Litecoin is a cryptocurrency that facilitates fast, secure, and low-cost transactions through blockchain technology. Introduced in 2011 by Charlie Lee, Litecoin functions as a “lite version of Bitcoin,” featuring shorter block times of 2.5 minutes and minimal transaction fees. Its widespread acceptance among merchants and users has solidified its position among the top cryptocurrencies.
LTC’s uniqueness lies in its simplicity, rapid transaction speed, and negligible fees, making it a practical alternative to Bitcoin, particularly in regions where transaction costs are critical. Additionally, Litecoin’s MimbleWimble testnet, introduced in 2020, promises improved privacy features for users.
Regarding performance metrics, its price currently stands at $82.15, reflecting a 10.64% increase in the last 24 hours. However, LTC has experienced a decrease of -14% over the past year, underperforming compared to Bitcoin and Ethereum. While its 67% positive trading days in the last month indicate some stability, investors should note its moderate market dominance of 0.26% and relatively high liquidity ratio of 0.3949.
Leading Swiss bank @PostFinance🇨🇭, in partnership with @Sygnumofficial, have launched a full range of crypto services for its 2.5 million clients! Enabling customers to purchase & securely store a handful of known cryptocurrencies including #Litecoin ⚡️ $LTC… pic.twitter.com/4AFi06StCG
— Litecoin (@litecoin) February 27, 2024
Though LTC presents advantages such as fast transactions and low fees, its recent performance metrics suggest a degree of volatility and underperformance compared to other major cryptocurrencies. Before making decisions, it’s essential to consider these factors carefully.
3. Frog Wif Hat (FWIF)
Frog Wif Hat swiftly emerged in the meme coin arena following its fair launch on Uniswap in February 2024. With a quirky beret-wearing frog mascot, FWIF aims to captivate crypto and meme lovers, drawing inspiration from successful predecessors like Dogecoin and Shiba Inu.
Unlike many meme coins, FWIF prioritizes fairness with a fair launch, ensuring equal access at the outset. Much of the liquidity pool is securely locked to enhance trust and prevent potential rug pulls. With a capped supply of 1 billion tokens, FWIF potentially improves long-term value through scarcity.
Le #FrogWifHat's baguette is the ultimate weapon of humiliation, ready to bash any #MemeCoin standing as resistance to $100M market cap. 🚀🎩$FWIF #Crypto #Alts #BullMarket #Web3 #DOGE #PEPE pic.twitter.com/RD8Z62ieBA
— Frogwifhat (@Frogwifhat_coin) February 29, 2024
Currently priced at $0.001561, FWIF exhibited a 54.49% surge in the last 24 hours, with a market cap of $1,561,721. It plans to integrate with the Solana blockchain in Phase 2 and secure listings on significant exchanges, which could significantly boost liquidity and trading volume. These developments align with FWIF’s roadmap, including investment in high-end NFT art to capitalize on the resurgence of NFT trading volumes in early 2024.
4. Solana (SOL)
Solana is a blockchain project focused on decentralized finance solutions. It uses a hybrid consensus model combining proof-of-history (PoH) and proof-of-stake (PoS) to enhance scalability. The protocol prioritizes accessibility to decentralized finance for a broad user base, catering to small traders and institutions.
Its key innovation lies in its proof-of-history consensus, enhancing scalability and usability by significantly reducing transaction and smart contract processing times. This feature has gained institutional interest due to its lightning-fast processing capabilities.
1/ Announcing the Solana Renaissance Hackathon, powered by @ColosseumOrg! 🎨
🌍 An online, global Solana hackathon
🏁 Running March 4 – April 8
🏆 Prizes & pre-seed funding up for grabsLearn more & register today: https://t.co/kCsGgA1jaV pic.twitter.com/2yawU3Eroc
— Solana (@solana) February 27, 2024
Despite these challenges, Solana’s price has surged by 454% over the past year, outperforming 90% of the top 100 crypto assets and surpassing Bitcoin and Ethereum. Currently trading at $124.51, Solana maintains a bullish investor sentiment with high liquidity and a market dominance of 2.39%. However, investors should consider the project’s strengths and weaknesses before making decisions.
5. Tezos (XTZ)
Tezos is a blockchain network akin to Ethereum, focusing on advanced infrastructure and continuous evolution without hard forks. XTZ holders can participate in protocol upgrades through voting, ensuring a decentralized governance system. Tezos prides itself on being secure. It can be upgraded and has a smart contract language for high-value use cases, ensuring longevity and adaptability.
Tezos has a distinctive approach to staking, known as “baking.” Participants stake 8,000 XTZ to join network governance, promoting honesty through financial incentives. This process involves a four-step voting procedure lasting approximately 23 days, with proposals implemented upon receiving super-majority support.
Moreover, Tezos stands out for its adoption by prominent entities like Societe Generale for experimenting with central bank digital currencies. Big exchanges like Binance and Coinbase offer Tezos staking. It lets users earn rewards based on their XTZ holdings, a rare feature in other digital assets.
@admirenfts is a new #NFT marketplace on Tezos dedicated to world-leading artists and galleries.
Explore the marketplace: https://t.co/KmiANmo3we
(1/4) pic.twitter.com/8uMthEiwo0
— Tezos (@tezos) February 26, 2024
Currently priced at $1.26, Tezos has seen a 9.27% surge in the last 24 hours, with a market dominance of 0.05%. Despite an 8% increase over the past year, it has underperformed compared to Bitcoin and Ethereum. Trading 35.43% above the 200-day SMA, Tezos maintains a bullish investor sentiment with high liquidity and moderate volatility.
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