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Thursday marked a pivotal day for crypto markets as Bitcoin (BTC) struggled to break through crucial resistance levels despite favorable U.S. inflation data. This failure to sustain upward momentum has kept BTC on a downward trajectory since early June. Prices slipped below $57,000 today after initially showing promise of a breakout above the trendline that has defined recent sell-offs from highs near $72,000.
However, amidst these challenges, there are signs of potential support for BTC bulls. Positive developments include diminishing supply pressures following recent sell-offs linked to Germany’s Saxony state. Moreover, the anticipation of substantial repayments by FTX, amounting to $16.3 billion over the coming months, could inject buying momentum into the market. Additionally, potential Federal Reserve rate cuts in September could bolster BTC’s outlook for medium- and long-term investors.
Biggest Crypto Gainers Today – Top List
In today’s basket of top crypto gainers, we have a dynamic bunch of tokens that we will be spotlighting in this article. But first, let’s take a peep into the comparative analysis of their price outlook.
Illuvium impresses with an 8.51% surge in the last 24 hours, showcasing its high liquidity and potential for substantial returns. NEAR Protocol shines with a 6.30% increase, highlighting its solid market presence and significant trading volume. XRP, with a 5.27% rise, indicates strong market confidence despite trading slightly below its 200-day SMA.
Lastly, Theta Fuel, experiencing a 3.10% increase, demonstrates consistent growth and stability, making it an attractive option for investors. This diverse performance underscores the unique opportunities each token offers in today’s market. Let’s dive deeper into each token’s features and see what sets them apart.
1. Illuvium (ILV)
Illuvium is a force in blockchain gaming, blending AAA gaming elements with decentralized finance (DeFi) on the Ethereum blockchain. Positioned as an open-world fantasy battle game, Illuvium invites players to a place where they can capture, nurture, and battle unique creatures known as Illuvials. These creatures, represented as NFTs, offer players opportunities to collect, trade, and enhance them, fostering a dynamic gaming experience that combines exploration, PvP combat, and strategic team-building.
Furthermore, the integration of Immutable X enhances the gaming experience by providing a layer-2 scaling solution, ensuring efficient transactions. This facilitates the operation of the IlluviDEX, a decentralized exchange within the game where assets can be traded seamlessly without gas fees.
As Immutable ramps up for Illuvium’s highly anticipated release by July end, the project benefits from expanding gaming partnerships and the adoption of its Layer 2 solution. This includes strategic collaborations with prominent gaming IPs like Ni no Kuni and A3: Still Alive. These partnerships bring over 1 million active users and significant revenue streams into the ILV ecosystem.
🎉 15 Days to the Official Illuvium Game Launch! 🎉
Rangers, the countdown is on! We're just 15 days away from the most anticipated event of the year – the official launch of Illuvium!
Start playing today so you're ready when the action starts!#Illuvium #Web3gaming pic.twitter.com/hNoTLPQsdY
— Illuvium (@illuviumio) July 10, 2024
Illuvium’s price today stands at $64.60, having surged by 8.51% in the past 24 hours. It has high liquidity with a 0.2636 volume-to-market cap ratio, indicating strong trading activity. Its 14-day RSI of 40.97 suggests neutral sentiment, with potential for sideways trading. With 14 green days (47%) in the last 30 days and volatility at 11%, Illuvium shows a balanced risk profile. Although trading 2.69% below its 200-day SMA of $65.52, it has impressively increased by 55% over the past year.
2. NEAR Protocol (NEAR)
NEAR Protocol is a layer-one blockchain designed as a community-run cloud computing platform. It addresses limitations like low transaction speeds, low throughput, and poor interoperability. NEAR is user-friendly, featuring human-readable account names instead of cryptographic wallet addresses. Its unique consensus mechanism, “Doomslug,” and ongoing updates from the NEAR Collective enhance its performance. The platform aims to be secure and practical for managing high-value assets. Notable projects on NEAR include Flux, a market creation protocol, and Mintbase, an NFT minting platform.
Its Nightshade technology boosts transaction throughput. It allows validators to process transactions in parallel across sharded chains, enabling up to 100,000 transactions per second with near-instant finality and low fees. Doomslug, a proof-of-stake variation, ensures security with near-instant block finality. The NEAR Foundation oversees maintenance and funding. A bridge to Ethereum enhances interoperability, allowing ERC-20 token transfers between blockchains.
Native USDC on NEAR Protocol.
Now available on @cryptocom https://t.co/aI2LdO21Bf
— NEAR Protocol (@NEARProtocol) July 4, 2024
NEAR is currently priced at $4.91, reflecting a 6.30% rise in the last 24 hours. It enjoys high liquidity with a volume-to-market cap ratio of 0.1406. Also, its 14-day RSI of 40.43 indicates a neutral market sentiment with the potential for stable trading. NEAR has had 17 green days (57%) in the last 30 days, demonstrating consistent performance with a volatility of just 9%. Significantly, it trades 206.55% above its 200-day SMA of $1.59945 and has seen a 271% price increase over the past year. This robust performance surpasses both Illuvium’s and XRP’s yearly gains, highlighting NEAR Protocol’s dominant market position.
3. Base Dawgz (DAWGZ)
Taking our gaze off top gainers for a moment, let’s take a quick look at a winning investment opportunity worth considering. Base Dawgz is shaking up the crypto scene with its new staking rewards system, offering a golden opportunity for early investors. By staking their DAWGZ tokens, holders can earn passive income effortlessly. The team has allocated a whopping 20% of the total supply, equivalent to 1.69 billion DAWGZ, exclusively for staking rewards, distributed hourly over a year. This means investors can sit back, relax, and watch their earnings grow, making DAWGZ a highly attractive option in the meme coin market.
Congrats on hitting $2.4M in the presale, my fellow $DAWGZ!
And massive props to those staking and stacking those sweet rewards! 💪 pic.twitter.com/biYklwo6wC
— Base Dawgz (@BaseDawgz) July 9, 2024
The presale’s impressive performance, raising over $2.4 million so far, adds to the excitement surrounding DAWGZ. Investors can currently buy DAWGZ tokens at a bargain price of $0.0061 each, with prices set to rise in three days. Additionally, Base Dawgz stands out with its multi-chain capability, operating seamlessly across Ethereum, Solana, Base, Avalanche, and Binance Smart Chain.
But that’s not all – the team is also launching a Share-to-Earn system that rewards community engagement. By creating and sharing memes on Twitter, participants can earn points that can be redeemed for more DAWGZ tokens. This innovative approach not only boosts community involvement but also enhances the project’s visibility and appeal. Don’t miss out on the chance to earn passive income and engage with a vibrant community.
4. XRP (XRP)
XRP, Ripple’s native token, powers a revolutionary money transfer network tailored for the financial services sector. Designed to supplant antiquated systems such as SWIFT, Ripple serves as a reliable intermediary in transactions, ensuring swift and secure exchanges. Renowned for its efficiency and low fees, XRP remains a stalwart in the top 10 cryptocurrencies by market cap. It’s a preferred choice for seamless cross-border payments, fortified by strategic alliances with leading financial institutions, solidifying its position at the forefront of digital finance innovation.
Ripple’s network can process global transactions efficiently, using a minimal transaction fee of 0.00001 XRP. The ledger uses a consensus protocol, where validators update ledgers every three to five seconds, ensuring secure and quick transactions. Unlike Bitcoin, XRP transactions are confirmed in seconds with lower costs. The XRP Ledger is secured by over 150 validators worldwide, ensuring transparency and eliminating single points of failure.
We’re honored to be recognized by @CNBC and @StatistaCharts as one of the World’s Top Fintech Companies in 2024.
Thank you to our employees, customers, and supporters on the journey with us! https://t.co/GW0IUuh2su
— Ripple (@Ripple) July 10, 2024
XRP’s current price is $0.468736, reflecting a 5.27% increase in the last 24 hours. It boasts high liquidity with a volume-to-market cap ratio of 0.0927, showing robust trading activity. Its 14-day RSI of 63.16 indicates a neutral market sentiment, suggesting potential sideways trading. With 15 green days (50%) in the last 30 days and low volatility at 5%, XRP presents a stable trading environment. However, it’s trading 13.92% below its 200-day SMA of $0.544667 and has seen a slight 1% decrease over the past year. This underperformance contrasts with top gainers, Illuvium and NEAR Protocol, both of which have shown substantial yearly surges.
5. Theta Fuel (TFUEL)
Theta Fuel is a crucial part of the Theta ecosystem, a Layer 1 blockchain designed for video, AI, and entertainment applications. The Theta network has a unique dual structure: the Theta Blockchain handles payments, rewards, staking, and smart contracts, while the Theta Edge Network manages computing, storage, and video delivery.
TFUEL is the operational token used for transactions, smart contract execution, and staking, which secures the network and rewards participants. This setup offers a decentralized, efficient, and cost-effective solution for media companies and developers, driving down video transcoding, storage, and content delivery costs.
The Theta ecosystem stands out with its enterprise validator and governance council, including global leaders like Google, Samsung, and Sony. The upcoming Theta EdgeCloud will further enhance its capabilities, introducing a hybrid cloud computing platform. TFUEL also powers the ThetaDrop NFT marketplace, partnering with top brands like Katy Perry and American Idol.
EdgeCloud has added a new AI model type to the AI Showcase today – Sketch to 3D! Leveraging advanced LLM algos, this tech can be used in animation, gaming, architecture, and many more fields to prototype and visualize concepts in 3D space.
Try it now at https://t.co/PWSG8dSHVT pic.twitter.com/EwfOHV95tj
— Theta Network (@Theta_Network) July 9, 2024
Theta Fuel is priced at $0.067899, having increased by 3.10% in the past 24 hours. It has medium liquidity with a 0.0141 volume-to-market cap ratio. Its 14-day RSI of 56.41 indicates a neutral market sentiment, suggesting possible sideways trading. With 15 green days (50%) in the last 30 days and low volatility at 8%, Theta Fuel offers a stable trading environment. Currently trading 63.54% above its 200-day SMA of $0.041365, it has enjoyed a 71% price increase over the past year. This performance is strong, outpacing XRP’s minimal change but trailing behind NEAR Protocol’s significant gains.
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