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In today’s ever-evolving cryptocurrency scene, THORChain (RUNE), Qtum (QTUM), Livepeer (LPT), and Chromia (CHR) stand out as top gainers, each bringing distinctive technological advancements and strategic approaches to the forefront. Their recent surge in value underscores robust market positions and investor trust.
This article explores the amazing features of these cryptocurrencies and their recent price dynamics, offering a deep analysis of what fuels their ascent in the world of digital assets.
Biggest Crypto Gainers Today – Top List
Before we delve into today’s top gainers, let’s spotlight a standout feature of each: THORChain distinguishes itself with a decentralized liquidity protocol, facilitating seamless swaps across nine blockchains. Recently integrated into Zengo’s wallet, RUNE enables secure in-wallet swaps using MPC technology. Qtum merges Bitcoin and Ethereum technologies with an Account Abstraction Layer for smart contracts and decentralized governance, enhancing scalability and speed.
In a recent development, Livepeer has been included in Grayscale’s Decentralized AI Fund, further solidifying its position as a pioneer in decentralized live video streaming on Ethereum, delivering cost-effective and secure media solutions. Chromia utilizes relational blockchain architecture for fast transactions and hybrid models, including its recent MVP Mainnet launch and focus on blockchain sustainability. These coins not only perform well in the market but also innovate in their respective niches, driving growth amidst competitive crypto trends.
1. THORChain (RUNE)
THORChain is a decentralized liquidity protocol that facilitates seamless cryptocurrency swaps across nine distinct blockchains, including Bitcoin and Ethereum. Unlike traditional exchanges, THORChain operates without order books, relying instead on liquidity pools to maintain market prices. The native RUNE token is integral to platform governance and security, with node operators requiring a minimum stake of 300k RUNE for consensus participation.
Recently, Zengo introduced a new in-wallet swap solution powered by THORChain. This integration allows Zengo users to securely swap native assets such as Bitcoin and Ethereum directly within their wallets, leveraging Multi-Party Computation (MPC) technology for enhanced security. By bringing exchange capabilities to user-controlled wallets, THORChain and Zengo are advancing the adoption of self-custodial solutions in the cryptocurrency space, aligning with their shared commitment to empowering users with secure asset management options.
📣 Delighted to integrate @THORChain into our native swapping experience, offering simple, secure, self-custodial swaps.
Did you know: THORChain is also powered by advanced #MPC cryptography?
— Zengo Wallet (@ZenGo) July 16, 2024
RUNE shines with a 4.77% surge to $4.42, displaying robust market activity with a liquidity ratio of 0.1877. Compared to LPT’s impressive 167.43% above its 200-day SMA, RUNE is up by 51.20% above this benchmark, indicating strong upward momentum. While RUNE’s 340% increase over the past year outpaces CHR’s 130% gain and LPT’s 294%, it significantly surpasses QTUM’s stagnation at 0%. With 16 green days out of the last 30 and a low volatility of 7%, RUNE exhibits a healthy mix of stability and growth potential, outperforming 81% of the top 100 crypto assets.
2. Qtum (QTUM)
Qtum stands out as a blockchain platform blending the best aspects of Bitcoin and Ethereum into a developer-friendly ecosystem for decentralized applications (DApps). By combining Bitcoin’s UTXO transaction model with Ethereum’s Virtual Machine, Qtum creates a unique UTXO-based smart contract platform. Unlike its predecessors, Qtum operates on a proof-of-stake (PoS) consensus mechanism, offering enhanced scalability and speed with up to 70 transactions per second (TPS), significantly outpacing Bitcoin and Ethereum.
Central to Qtum’s appeal is its Account Abstraction Layer (AAL), which bridges UTXO transactions with Ethereum-like smart contract functionality. This capability allows developers to build diverse DApps, from decentralized games to complex financial tools, leveraging Qtum’s robust blockchain infrastructure. Moreover, Qtum features on-chain decentralized governance via its custom Decentralized Governance Protocol (DGP), empowering global stakeholders to adjust platform parameters through smart contracts. With a vast, globally distributed node network ensuring decentralization and security, recent enhancements like offline staking further enhance user engagement in network security and reward earning.
Since June 2017, Qtum has seen 48 GitHub releases. Each release consists of multiple patches and updates, along with other new features. Qtum Core is currently version 25.1 in production, version 26.1 is in testing, and version 27.1 being developed.
Qtum Core 25.1 (Current… pic.twitter.com/t78bUgEc1S
— Qtum (@qtum) July 16, 2024
QTUM’s recent 4.69% increase to $2.74 showcases solid market activity, with a liquidity ratio of 0.3326, the highest among the gainers. However, its performance lags in other areas, trading 16.60% below its 200-day SMA, unlike RUNE, LPT, and CHR, which are all trading above their 200-day SMAs. Also, QTUM’s yearly performance is flat, starkly contrasting RUNE’s 340% and LPT’s 294% gains. Despite 17 green days in the past 30 and low volatility of 7%, QTUM only outperforms 25% of the top 100 crypto assets, making it less appealing relative to its peers.
3. PlayDoge (PLAY)
PlayDoge, a leading play-to-earn (P2E) meme coin, has swiftly amassed over $5.7 million in its presale phase. It began with a rapid $200,000 raise within minutes and subsequently surged 25x. This meteoric rise underscores PlayDoge’s potential as a standout in the meme coin landscape.
What sets PlayDoge apart is its unique fusion of meme culture and gaming, particularly drawing inspiration from nostalgia for the ’90s gaming. Players can own virtual Shiba Inu dogs, interact with them in a Tamagotchi-style environment, and earn $PLAY tokens as rewards. Currently priced attractively at $0.0052 during its ongoing presale, prospective investors have a chance to acquire tokens before they potentially increase in value.
PlayDoge’s appeal extends beyond its engaging gameplay mechanics. Positioned on the Binance Smart Chain and boasting a fully audited smart contract by SolidProof, it aims to tap into the booming markets of retro gaming and game remakes. With a free-to-access app planned for both Google Play and the App Store, PlayDoge aims to democratize access to P2E experiences, potentially broadening crypto adoption among game lovers worldwide.
As PlayDoge continues to gain traction in the presale phase, fueled by high staking yields and community enthusiasm, it stands poised to disrupt the P2E and meme coin sectors. The potential listing on major exchanges like Binance could significantly boost $PLAY’s liquidity and market appeal, appealing to early investors interested in the intersection of gaming and cryptocurrency.
4. Livepeer (LPT)
Livepeer is redefining live video streaming as the pioneer of a fully decentralized network protocol. Built on Ethereum, Livepeer offers a cost-effective alternative to centralized broadcasting by enabling developers to deploy open-source video streaming solutions. Orchestrators on Livepeer’s network competitively transcode videos, earning rewards in LPT tokens through a delegated-proof-of-stake (DPoS) model. This decentralized approach reduces transcoding costs by up to 50 times while ensuring robust security, supported by Ethereum’s established DApp ecosystem.
In response to emerging trends, Grayscale Investments has introduced the Grayscale Decentralized AI Fund, positioning Livepeer among the elite decentralized AI protocols. This strategic initiative aims to capitalize on the growth potential of blockchain-based AI solutions, emphasizing protocols that democratize access to AI technology. Livepeer’s inclusion in the fund shows its role in transforming video streaming while resonating with investors drawn to decentralized technologies that enhance transparency and accessibility in AI services.
Livepeer's GPU network is already performing thousands of AI video compute jobs, and will play a pivotal role by being a key enabler in the future of AI media.
It's great to be included in Grayscale's new Decentralized AI Fund!
Explore more 👇 https://t.co/haTZuZKSJr
— Livepeer (@Livepeer) July 17, 2024
In recent trading, LPT has surged by 4.49% to $16.51, boasting a robust liquidity ratio of 0.4091. It stands out with a significant 167.43% position above its 200-day SMA, outperforming RUNE’s 51.20%, CHR’s 124.66%, and QTUM’s negative performance. Over the past year, LPT has soared by 294%, reflecting its remarkable growth trajectory, second only to RUNE. With a track record of 15 green days in the last 30 and a volatility of 13%, LPT demonstrates a balanced profile. This performance surpasses 80% of the top 100 crypto assets, signalling robust investor confidence in its growth trajectory.
5. Chromia (CHR)
Chromia is shaking up the blockchain world with its powerful platform for decentralized applications (DApps). Developed by ChromaWay, Chromia uses relational blockchain architecture to deliver fast transactions and low fees. With support for SQL and JavaScript, developers find DApp creation seamless. Furthermore, Chromia offers public, private, and hybrid blockchain models, giving users unparalleled flexibility and control. Capable of handling up to 100,000 cell updates per second, it’s set to solve real-world issues across gaming, finance, healthcare, and more.
Excitingly, Chromia’s MVP Mainnet launched on July 16, marking a new era for CHR. This mainnet brings essential features like provider payments and network hosting fees, all processed within Chromia’s relational blockchain. It streamlines on-chain operations, cutting out third-party services. Chromia is also collaborating with the EU on blockchain sustainability, aiming to revolutionize industries like textiles and batteries by 2027. With growing network activity and more assets bridging from EVM chains, Chromia is positioned to become a powerhouse in Web3.
JUST IN: EU endorses relational blockchain initiative for sustainable solutions.
The @EU_Commission @EU_EBSI has confirmed its collaboration with @ChromaWay to develop blockchain-based sustainability solutions and the potential of @Chromia relational #blockchain technology to… pic.twitter.com/YqTfcJuXg0
— Chromia | Power to the Public (@Chromia) July 12, 2024
In light of these advancements, CHR, up by 3.88% to $0.274537, maintains a healthy liquidity ratio of 0.2373. Its 124.66% trading above the 200-day SMA is notable but trails behind LPT’s 167.43%. CHR’s 130% annual growth, while impressive, is overshadowed by RUNE’s 340% and LPT’s 294%. With 14 green days in the last 30 and the lowest volatility at 7%, CHR offers stability but faces stiff competition in overall performance. Nonetheless, it outperforms 66% of the top 100 crypto assets, presenting a reliable investment opportunity amidst its peers.
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