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On Friday, the crypto market bounced back with a bang as Bitcoin reached its highest price in a month, breaking past $67,000 amid a major IT outage. After starting the day at $64,000, Bitcoin surged by 5.5% in just 24 hours, driven by robust trading in BlackRock’s new Bitcoin ETF. Meanwhile, Solana shone brightly with an 8.5% increase, pushing its price above $170 for the first time since early June. Ethereum also saw gains, hitting $3,500, though it lagged with a 3% rise. This surge in major cryptocurrencies set the stage for notable gains across other tokens.
Biggest Crypto Gainers Today – Top List
Each of today’s top gainers is making a splash with major gains and thrilling new developments! First, Alephium soars by an impressive 65.68%, fueled by its cutting-edge APS security upgrade. Meanwhile, 0x charges ahead with an 8.47% boost, thanks to its powerful v2 update that’s revolutionizing on-chain trading.
Not to be outdone, Fantom jumps 7.94%, propelled by a game-changing partnership with Alchemy and Sonic Labs, which promises to enhance dApp scalability. Moreover, SKALE edges up 6.70%, riding high on its Pacifica V3 upgrade that accelerates transactions. Join us as we dig into the details and uncover the exciting updates, unique features, and market performance of these top gainers.
1. 0x (ZRX)
0x is an infrastructure protocol enabling users to trade ERC20 tokens and other assets across various blockchains, including Ethereum, without centralized intermediaries. It utilizes open-source, publicly auditable smart contracts, creating a flexible, low-friction trading protocol. This decentralized exchange protocol is widely used by companies developing web3 apps such as wallets, DEXes, and portfolio trackers. It is powered by the ZRX governance token, which allows holders to participate in protocol governance and influence changes.
The latest update, 0x v2, is designed for serious on-chain apps, offering users optimal trade execution, powerful monetization controls, and enhanced security. This version fully eliminates allowance risk using innovations like Permit2, protecting users from the vulnerabilities associated with infinite token approvals. Also, it offers predictable balance sheets and reduced accounting complexity by controlling fee collection tokens, making it a robust solution for secure and efficient on-chain asset management.
Introducing 0x’s next-gen pricing engine 💥
Serious liquidity. Serious routing. Serious security. Welcome to 0x v2.
Dive in 🧵👇https://t.co/cASgMPb6ie pic.twitter.com/cQMDngiehh
— 0x (@0xProject) July 15, 2024
0x has seen a respectable 8.47% increase in the last 24 hours, with its price now at $0.39. It boasts high liquidity with a ratio of 0.2939, indicating a healthy trading environment supported by a $328.33 million market cap. However, an RSI of 72.71 suggests that 0x may be overbought and due for a price correction. The volatility is low at 7%, indicating relatively stable short-term price movements.
Over the past year, 0x’s price has risen by 86%, outperforming 54% of the top 100 crypto assets. Despite this, it is currently trading 2.48% below its 200-day SMA, indicating some room for recovery. While 0x is promising, its performance is more moderate than Alephium and Fantom, making it a stable but less explosive investment.
2. Shiba Shootout (SHIBASHOOT)
Investors are flocking to Shiba Shootout as a refreshing alternative to meme coins, which have struggled this year. With the presale already surpassing $700K in such a short time, the buzz is undeniable. Shiba Shootout, inspired by the beloved Shiba Inu, offers a golden opportunity for early buyers to snag tokens at bargain prices before they hit the exchanges.
Shiba Shootout sets itself apart with a Wild-West-inspired crypto experience, offering both active and passive income opportunities. Key features include the Posse rewards referral program, which incentivizes community building by offering bonus tokens for inviting friends, and the Savings Saddlebags system, which locks tokens for specific durations. The Cactus Staking system, with an impressive APY of over 1,700%, appeals to passive investors. Community engagement is further fostered through Campfire Story sessions and Token Governance Round-ups, ensuring decentralized decision-making and long-term project growth.
The project’s three-phased roadmap aims to rival other popular meme coins. Phase one focuses on building awareness and establishing a strong social media presence on platforms like CoinMarketCap and CoinGecko. Phase two targets community-building and partnerships, aiming to attract over 5,000 participants. Phase three includes selling merchandise and launching the $SHOOTOUT academy, providing educational resources to the community. By the end of this phase, Shiba Shootout aims to list on top exchanges and reach over 100,000 holders, signaling a promising future for early investors.
3. Fantom (FTM)
Fantom is a directed acyclic graph (DAG) smart contract platform that delivers DeFi services to developers through its unique consensus algorithm. Launched in 2019, it aims to solve transaction speed and scalability issues that plague other smart contract platforms. Fantom’s unique consensus mechanism, Lachesis, allows thousands of transactions per second to settle in 1-2 seconds at minimal costs. Additionally, the native token, FTM, powers payments, fees, staking, and governance.
Recently, the Fantom Foundation announced a collaboration with Sonic Labs and Alchemy to enhance dApp development. This partnership leverages Alchemy’s infrastructure for faster transfer speeds, network reliability, and improved dApp stability. Alchemy provides RPC services and development tools to Opera-based developers. This initiative aims to boost Fantom’s performance and scalability, ensuring a reliable network for users.
We recently announced our partnership with @AlchemyPlatform, serving as a key launch partner for #Sonic 🚀
Learn more about them in our Q&A below!
⋅⋅⋅⋅⋅⋅⋅⋅⋅⋅
❓ Who are you and what do you do?
💡 Alchemy provides the leading blockchain development platform… pic.twitter.com/qf6QO8JGJK— Fantom Foundation (Sonic Labs Coming Soon) (@FantomFDN) July 19, 2024
In light of this partnership, FTM has seen a 7.94% increase in the past 24 hours, reaching a price of $0.53. With a high liquidity ratio of 0.2448, it is well-supported for trading activities. However, the RSI of 61.03 indicates a neutral market stance, suggesting stability. With a 30-day volatility of 11%, Fantom displays moderate price fluctuations in the short term.
Fantom’s price has increased by 104% over the past year, outperforming 60% of the top 100 crypto assets. It is currently trading 25.69% above its 200-day SMA, showcasing strong long-term growth potential. While not as explosive as Alephium’s gains, Fantom’s consistent performance places it ahead of SKALE and 0x in terms of long-term investment viability.
4. SKALE (SKL)
SKALE is a modular blockchain network that scales Ethereum by running unlimited, fast, pooled-security blockchains with zero gas fees. These SKALE chains can be tailored or shared for specific DApps. It enables DApps to operate in a decentralized, modular cloud, offering faster and cheaper execution of Solidity smart contracts, benefiting projects like games and streaming services.
On July 10th, SKALE launched the Pacifica V3 upgrade, boosting block mining speed by 108% and transaction throughput by 122%. This upgrade improves network performance, supports EIP-1559 transactions, and enhances contract functionality. Now, SKALE processes over 300 transactions per second with a block mining time of under 2 seconds. Also, in June alone, SKALE saved users $400 million in gas fees while supporting approximately 55 million transactions. These significant developments have driven demand and utility for the SKL token, as will be seen below.
Welcome to the new wave of modular blockchain technology 🌊
Introducing Pacifica V3 – the next evolution of SKALE!
SKALE is now MUCH FASTER 💨
– 122% Increase in Transaction Throughput
– 108% Increase in Block Mining SpeedAnd that’s not all frens, the Pacifica V3 upgrade also… pic.twitter.com/1BMGEgqNvn
— SKALE (@SkaleNetwork) July 10, 2024
In the past 24 hours, SKALE has surged by 6.70%, bringing its price to $0.051. Moreover, it enjoys a high liquidity ratio of 0.1802, backed by a market cap of $275.27 million. However, the RSI of 73.58 suggests that SKALE is currently overbought, which might lead to a price decline soon. Additionally, the 30-day volatility of 10% indicates moderate short-term fluctuations.
Over the past year, SKALE’s price has grown by 75%, outperforming 50% of the top 100 crypto assets. However, it is trading 34.35% below its 200-day SMA, highlighting its struggle to maintain upward momentum. Compared to Alephium’s substantial growth and even 0x’s steadiness, SKALE’s long-term performance seems less robust, making it a more cautious investment.
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