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Germany has concluded its high-stakes Bitcoin sales, disposing of a substantial stash valued at over $2 billion obtained earlier this year from a suspect involved in copyright and money laundering charges. This grand crypto clearance, executed via major exchanges like Coinbase and Kraken, set tongues wagging and Bitcoin’s price dancing on speculative winds. With the government’s balance sheet now Bitcoin-free, the aftermath of these sales looms large over crypto markets, spotlighting how regulatory moves can still ripple through digital currencies with wild, market-shaping consequences.
Biggest Crypto Gainers Today – Top List
Today’s top gainers showcase a dynamic mix of blockchain innovations: ALEX Lab leads with a notable 16.88% surge, surpassing Gas’s 11.21% increase. ALEX Lab pioneers DeFi solutions on Bitcoin through smart contracts, while Gas supports NEO’s efficiency in transactions and smart contracts. IoTeX rises 5.40%, focusing on the machine economy with robust security, and Algorand, up 3.70%, highlights eco-friendly Pure Proof-of-Stake protocol and high transaction volumes. Each project brings distinct strengths, promising diverse investment strategies for significant market gains.
1. ALEX Lab (ALEX)
ALEX Lab is a pioneering DeFi platform on Bitcoin via Stacks, harnessing smart contracts to offer comprehensive solutions. It enables lending, borrowing, and decentralized bonds, bringing traditional finance functionalities to the decentralized world. With its Automated Liquidity Exchange, ALEX Lab provides seamless access to financial services, allowing users to leverage Bitcoin for diverse DeFi applications.
ALEX Lab serves multiple use cases, enhancing the Bitcoin economy through various DeFi services such as swapping, liquidity pools, staking, and yield farming. The platform also features a launchpad for new projects, expanding Bitcoin’s utility beyond a store of value or medium of exchange.
Security is paramount at ALEX Lab. It employs rigorous security audits and bug bounty programs, partnering with top-tier cybersecurity firms to safeguard our ecosystem. Its user-friendly interface, coupled with robust customer support, ensures a secure and intuitive experience for all users.
Top Questions of the Week From Our Community
1⃣ Is the ALEX DEX is the only option for trading $ALEX?$ALEX can be traded on major CEXs including Kucoin, GATE, Bitget, Bithumb, Coinone, MEXC and more.
2⃣ What do I have to do so I can receive the STX/ALEX farming yield?
First… pic.twitter.com/8nVNvhJiBN
— ALEX 🟧 THE Finance Layer on Bitcoin (@ALEXLabBTC) July 13, 2024
ALEX’s recent performance paints a bullish picture, with its price surging 16.88% in the last 24 hours, reaching $0.146175. The token boasts high liquidity, evidenced by a 0.0749 volume-to-market cap ratio. Despite a near-neutral RSI of 69.50, suggesting potential sideways trading, ALEX has enjoyed 14 green days in the past month. It shows a relatively low volatility of 20%, a bit higher than Algorand’s 5%. Notably, it is trading significantly above its 200-day SMA by 94.85%, outshining Gas, which is 36.13% below its 200-day SMA. It has seen a remarkable 92% increase over the past year, surpassing 64% of the top 100 crypto assets.
2. Gas (GAS)
Gas is a crucial component of the NEO blockchain, facilitating transaction fees and executing smart contracts. Distributed to NEO token holders and council members, Gas incentivizes engagement and supports network operations. Similar to Ethereum’s gas, it measures the computational effort for network activities but as a distinct token on NEO, making it essential for interacting with the platform.
Gas’s security is ensured through a combination of advanced mechanisms. On-chain governance allows stakeholders to propose and vote on network changes, ensuring modifications benefit the community. NeoFS, a decentralized storage protocol, enhances security by distributing data across multiple nodes, making the network resilient against attacks. Additionally, the N3 smart contract system enables the development of secure decentralized applications (dApps). Gas fees incentivize validators to maintain network integrity, aligning their interests with the network’s health.
We’re excited to have @AtomicWallet supporting the Neo X chain! 🎉
We can’t wait to bring Atomic Wallet’s 5 million users into the Neo X ecosystem when MainNet launches. 🚀 https://t.co/wAwcBuXxCU
— Neo Smart Economy (@Neo_Blockchain) July 2, 2024
Gas has shown a notable increase of 11.21% in the last 24 hours, with its current price at $3.77. The token demonstrates robust liquidity with a 0.4793 volume-to-market cap ratio. Its RSI stands at a neutral 36.79, indicating potential sideways movement, unlike ALEX Lab’s higher RSI. Gas has recorded 16 green days in the last month with minimal volatility of 8%, lower than IoTeX’s 11%. However, it trades 36.13% below its 200-day SMA, suggesting some bearish trends compared to ALEX’s bullish trend above its SMA. Despite this, Gas has appreciated by 37% over the past year, outperforming 41% of the top 100 crypto assets.
3. Shiba Shootout (SHIBASHOOT)
Shiba Shootout is making waves in the crypto community, having raised over $660,000 in its presale. This Wild West-themed meme coin offers more than just a fun concept; it’s creating a vibrant, community-driven ecosystem. With engaging activities like meme-making duels, crypto poker tournaments, and thrilling virtual treasure hunts, Shiba Shootout builds a unique frontier for its users. The excitement extends to its play-to-earn (P2E) game, now on Google Play and the Apple App Store, where players can earn $SHIBASHOOT tokens while enjoying immersive gameplay.
The $SHIBASHOOT token, priced at just $0.0196, is set to increase in value soon, making now the perfect time to get involved. Shiba Shootout’s community activities, such as the “Lucky Lasso Lottery” and “Token Governance Roundups,” offer numerous ways for token holders to benefit from the project’s growth. The game’s appeal is further enhanced by “Campfire Stories” sessions and rewards for inviting new members, fostering a strong sense of camaraderie and competition.
Shiba Shootout also offers significant passive income potential. Boasting an APY of 1,659%, holders of $SHIBASHOOT can enjoy substantial returns, equivalent to a 4.5% daily gain. With nearly 19 million tokens already staked, the presale success indicates strong investor confidence. The smart contract has been audited by SolidProof and KYC’d by Coinsult, ensuring security and trustworthiness. Don’t miss out—buy $SHIBASHOOT tokens now and join the next big thing in the crypto universe.
4. Iotex (IOTX)
IoTeX is a decentralized platform empowering open economics for machines. It fosters a trusted ecosystem where people and machines interact with economic incentives. Its EVM-compatible blockchain, built with Roll-DPoS consensus, has processed over 10 million transactions. With a team of over 40 scientists and engineers, IoTeX connects with Ethereum, BSC, and Heco blockchains through the ioPay wallet and ioTube bridge, enabling EVM-based DApps to scale without high gas fees. IoTeX’s ecosystem also includes self-sovereign devices like Ucam and real-world data oracles like Pebble, bridging the physical and crypto worlds.
The native IOTX coin governs the blockchain protocol and serves as gas for transactions. The Burndrop economic model ensures IOTX deflation as more devices join the IoTeX network. Security is paramount, with mechanisms like ring signatures and reliable payment codes ensuring user privacy. The Delegated Proof-of-Stake consensus incentivizes block producers and stakeholders to maintain network integrity by voting and distributing rewards, ensuring a secure and efficient blockchain environment.
The need for zero-knowledge tech for #DePIN verification is indisputable. 🔐
That's why the IoTeX research team is laser-focused on advancing it.
Head of Research @cryptoxfan's paper is a breakthrough in DePIN device registration, ensuring sensitive device info remains… pic.twitter.com/MhJ5iN4DVZ
— IoTeX (@iotex_io) July 12, 2024
IoTeX has experienced a 5.40% price increase in the last 24 hours, with its current price at $0.038832. The token shows high liquidity with a 0.0756 volume-to-market cap ratio. With an RSI of 62.63, IoTeX is in neutral territory, suggesting potential sideways movement similar to Algorand. The token has had 15 green days in the past month and a low volatility of 11%, higher than Algorand’s but lower than ALEX. IoTeX is currently trading 7.03% below its 200-day SMA, better than both Gas and Algorand, but has seen an 88% increase over the past year, besting 64% of the top 100 crypto assets.
5. Algorand (ALGO)
Algorand is a decentralized blockchain designed for secure, scalable, and efficient applications. Ranked #3 by transaction volume in Q1 2024, it addresses the inefficiencies of older blockchains like Bitcoin. Its Pure Proof-of-Stake (PPoS) mechanism ensures lower fees and eliminates energy-intensive mining, making it eco-friendly. ALGO, the native cryptocurrency, is crucial to the network, with rewards distributed to all coin holders every 10 minutes, incentivizing participation and promoting decentralization.
The network hit significant milestones in Q1 2024, processing 403 million transactions and gaining 1 million new accounts, bringing the total to 35 million. Algorand’s secure and efficient protocol supports diverse use cases, from decentralized finance (DeFi) to large-scale enterprise applications. Collaborations with data analytics providers like Nansen enhance real-time data access, ensuring transparency and fostering trust within the ecosystem.
— Algorand Foundation 🐍 (@AlgoFoundation) July 4, 2024
ALGO’s current price is $0.147048, reflecting a 3.70% increase in the last 24 hours. The token maintains high liquidity with a 0.1389 volume-to-market cap ratio, supported by a market cap of $1.20B and a 24-hour volume of $166.73M. Its RSI of 58.22 indicates neutrality and potential sideways trading, slightly lower than ALEX’s RSI. Algorand has enjoyed 17 green days in the past month, with low volatility at 5%, the lowest among the top gainers. However, it is trading 19.85% below its 200-day SMA, which is better than Gas but not as strong as ALEX Lab. Despite this, Algorand has achieved a 29% price increase over the past year, outpacing 39% of the top 100 crypto assets.
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