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In a dramatic turn, U.S.-listed exchange-traded funds (ETFs) tracking Bitcoin’s spot price saw a staggering influx of $422.5 million on Tuesday alone, marking their highest single-day net inflow since June 5. This surge in investment enthusiasm over the past seven days, reported by Farside Investors and Coinglass, shows a resurgent confidence in Bitcoin’s potential.
Leading the charge, BlackRock’s IBIT captured over $260 million, highlighting a compelling shift towards digital assets amidst Bitcoin’s recent price surge from around $53,500 to $65,800 since July 5. This wave of ETF investments, surpassing $1 billion in just three days, mirrors growing optimism in Bitcoin’s resilience and potential for further gains, influencing broader market sentiment towards digital currencies.
Biggest Crypto Gainers Today – Top List
Cryptocurrency markets are abuzz with excitement today as several digital assets surge ahead. Leading the pack of gainers are BinaryX, Axelar, Reserve Rights, and Biconomy, each making significant gains and pushing boundaries with their latest developments. BinaryX boasts a staggering 443% annual surge, while Axelar sees a daily rise of 12.28%. Reserve Rights shines with a remarkable 127% performance above its 200-day SMA, and Biconomy shows an 8.08% gain with innovative gas optimization solutions. Join us as we delve into what drives their success and what this means for investors navigating the crypto market ahead.
1. BinaryX (BNX)
BinaryX is the heart of the BinaryX ecosystem, powering the DAO and a range of products and games with its $BNX cryptocurrency. Originally a decentralized derivative trading system, BinaryX has fully embraced the GameFi revolution. Now, it develops decentralized games and offers IGO services, helping Web2 developers transition to Web3. The platform provides essential infrastructure, DAO governance, and community-building support to scale promising GameFi projects, fostering innovation in blockchain gaming.
$BNX is used as an in-game currency in the BinaryX ecosystem, including games like CyberDragon and CyberChess. Active community members are rewarded with $BNX, and the BinaryX Commemorative NFT (CNFT) serves as participation credentials, exchangeable for $BNX. As the governance token, $BNX allows holders to vote on key decisions, ensuring a democratic community. BinaryX achieved a security score of 83 from Certik, reflecting its robust security measures.
🎮 The reality of a #GameFi player! 😂 We’ve all been there.
Despite the ups and downs, we’re still excited about the future of blockchain gaming! 🚀 What’s your most relatable moment in GameFi? Share below! 👇
#Crypto #BinaryX #PlayToEarn pic.twitter.com/lKSiHULmLV— BinaryX (@binary_x) July 16, 2024
BNX, currently priced at $1.426328, has seen a remarkable 19.11% surge in the last 24 hours, demonstrating its strong performance in the crypto market. With high liquidity reflected by a 47.5121 volume-to-market cap ratio, BinaryX stands out among its peers. Despite this, the gainer is trading 75.95% below its 200-day SMA of $5.94, indicating a potential for recovery.
Its 14-day RSI of 49.65 suggests a neutral market stance, similar to Reserve Rights. BinaryX has also recorded 19 green days out of the last 30, accounting for 63%. Notably, with a volatility of 12%, BNX presents a stable investment option. It has also achieved a staggering 443% increase over the past year, outpacing 86% of the top 100 crypto assets, showing its robust long-term growth.
2. Axelar (AXL)
Axelar is transforming cross-chain communication for Web3 with its decentralized network, tools, and APIs, facilitating seamless interaction for dApp developers. The platform features a decentralized network, a software development kit, and gateway smart contracts for efficient cross-chain connectivity.
Secured by a proof-of-stake (PoS) consensus mechanism, Axelar supports the transfer of multiple native tokens like AVAX, ETH, and MATIC through their wrapped ERC-20 versions. With strong backing from investors such as Binance and Coinbase Ventures, Axelar ensures robust and secure cross-chain communication.
Axelar Network has partnered with Ta-da to revolutionize the micro-tasking sector using blockchain technology. Ta-da, a pioneering platform, allows users worldwide to complete simple tasks like surveys and data labelling to earn $TADA coins. This approach benefits users by providing crypto rewards and generating fine data to improve and train AI models.
MOAR #InterchainTokens!@Ta_da_io is a micro-tasking platform backed by blockchain, where users can complete tasks to earn crypto, providing high-quality data for AI models.$TADA is now available on @BNBCHAIN, the 1st step in their multichain strategy 🦾 🟠 pic.twitter.com/ThlWRu40qK
— Axelar Network (@axelarnetwork) July 12, 2024
Axelar, priced at $0.776405, experienced a 12.28% rise in the past 24 hours, reinforcing its position as a notable gainer. Its high liquidity, marked by a 0.1546 volume-to-market cap ratio, supports a solid market presence. Trading 62.46% above its 200-day SMA of $0.477891, AXL shows significant strength, contrasting BinaryX’s below-SMA performance.
With a 14-day RSI of 54.13, Axelar remains in a neutral market position, similar to Reserve Rights, but shows more green days (47%) compared to BinaryX’s 63%. Despite its lower 30-day volatility of 9%, Axelar has a compelling year-over-year increase of 117%, besting 62% of the top 100 crypto assets.
3. WienerAI (WAI)
WienerAI has successfully raised over $7.5 million and is poised to conclude its presale by the end of July. Despite recent market challenges, this AI-powered crypto trading platform often likened to the ChatGPT of crypto, has captivated investors with its distinctive mascot—a playful hybrid of a dog and wiener. With only 14 days remaining in the presale, investors can acquire $WAI tokens at a favourable price of $0.00073 before its anticipated listing on global exchanges, potentially enhancing its market value.
Don't miss out!
WienerAI presale ends on July 31st. Secure your tokens now and join the trading revolution! 🌭🤖 pic.twitter.com/PyYEPwDtl2
— WienerAI (@WienerDogAI) July 10, 2024
WienerAI seamlessly merges AI technology with the allure of meme coins, cultivating a vibrant community known as the “sausage army.” Boasting over 15,000 members on X and approximately 13,000 on Telegram, this community has embraced WienerAI’s innovative vision. The platform’s AI-driven trading bot employs predictive analytics to optimize trade setups, empowering users of all experience levels to navigate the volatile crypto landscape effectively. By integrating advanced AI capabilities with an intuitive chatbot interface, WienerAI enhances trading efficiency and democratizes access to profitable strategies.
WienerAI’s staking protocol has garnered considerable interest, with approximately 6.8 billion tokens staked, offering an impressive 152% APY. Moreover, SolidProof has rigorously audited the project’s smart contract, ensuring robust security and reliability. Investors can conveniently purchase $WAI tokens using various payment methods, including ETH, USDT, BNB, and credit or debit cards. Seize this opportunity to invest in WienerAI and unlock its potential benefits today!
4. Reserve Rights (RSR)
Reserve Rights is an ERC-20 token that plays a key role in the Reserve Protocol by overcollateralizing Reserve stablecoins (RTokens) through staking and governing them via proposals and voting. RSR acts as a safety net for RToken holders in the event of collateral token defaults. Stakers receive a portion of the revenue generated by the RTokens they insure, with higher returns for larger market caps. Notably, Reserve’s staking model is designed for longevity, ensuring fairness for both early and late participants.
Reserve Rights is unique for backing stablecoins with a diverse basket of cryptocurrencies managed by smart contracts instead of relying on centralized U.S. dollar reserves. These baskets can include stablecoins like USDC and DeFi-yield-bearing assets like Compound USDC (cUSDC), providing passive DeFi yields without staking or lock-up. The protocol plans to expand these baskets to include a wider range of assets such as fiat currencies, securities, and derivatives.
The market for asset-backed currencies (“RTokens”) on the Reserve protocol is revving up! 🏎💨
Innovators & entrepreneurs who wish to permissionlessly deploy their 𝘰𝘸𝘯 RToken should consider what comprises a resilient collateral basket
Read ↓https://t.co/0Ppk7sxmhX
— Reserve (@reserveprotocol) July 11, 2024
RSR, with a current price of $0.005794, saw a 10.70% increase in the last 24 hours, maintaining high liquidity with a 0.2813 volume-to-market cap ratio. Trading 127.02% above its 200-day SMA of $0.002552, it demonstrates solid momentum, surpassing both Axelar and BinaryX in this regard. Its 14-day RSI of 45.56 indicates a neutral market stance. With 14 green days in the past 30, accounting for 47%, Reserve Rights shows a similar positive trend to Axelar and Biconomy. Its 30-day volatility of 11% is comparable to BinaryX’s 12%, suggesting a stable investment. Over the past year, Reserve Rights has increased by 156%, outperforming 69% of the top 100 crypto assets.
5. Biconomy (BICO)
Biconomy reshapes DApps with its multichain relayer protocol, streamlining user onboarding and transactions. It eliminates traditional web3 bottlenecks by allowing protocols to onboard users without gas fees, enabling gas payments in ERC-20 tokens, and simplifying network changes. Biconomy optimizes transactions and reduces gas costs by up to 40% through meta transactions, where a third party pays the gas fees.
Biconomy’s practical applications address common blockchain challenges across various protocols. Curve Finance uses Biconomy for gasless BTC deposits, Perpetual Protocol for gasless transactions on the xDAI chain, and Decentral Games to remove gas fees on the Polygon blockchain. Sapien Network, a social blogging platform, also enables gasless SPN transactions with Biconomy. Its non-custodial, trustless infrastructure, audited by Quantstamp, MixBytes, Certik, and Halborn, ensures user-signed transactions are unalterable, promoting a secure and decentralized blockchain future.
Did you know Biconomy did 55,000 transactions every day in H1 2024! 🤯🤯
55,000 per day!
Making us one of the most actively used services in web3 🔥 pic.twitter.com/6hOJ02fInm
— Biconomy (@biconomy) July 15, 2024
BICO, priced at $0.353695, experienced an 8.08% rise in the last 24 hours, with high liquidity indicated by a 0.1093 volume-to-market cap ratio. Trading 32.18% above its 200-day SMA of $0.26812, Biconomy shows a positive trend, albeit less robust than Reserve Rights and Axelar. Its 14-day RSI of 79.08 suggests overbought conditions, hinting at a potential price correction. With 14 green days in the past 30 (47%), it aligns with the trends seen in Axelar and Reserve Rights. Its 30-day volatility of 14% is higher than BinaryX’s 12% and Reserve Rights’ 11%, indicating greater price fluctuations. Despite this, Biconomy has achieved a 52% increase over the past year, outperforming 42% of the top 100 crypto assets.
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