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In the current global crypto market trend, Bitcoin is making headlines. As the Bitcoin 2024 conference unfolds in Nashville, Bitcoin’s price has surged past $67,000, climbing from around $65,000. The spotlight on Bitcoin is strong, with $31.1 million flowing into spot Bitcoin ETFs on Thursday. Adding to the excitement, Jersey City Mayor Steven Fulop announced a 2% pension fund allocation to Bitcoin ETFs. Meanwhile, Michigan’s $6.6 million investment in the ARK 21Shares Bitcoin ETF highlights growing institutional interest.
Biggest Crypto Gainers Today – Top List
Turning our attention to today’s top crypto gainers, Conflux, Band Protocol, eCash, and JasmyCoin are leading the charge. Firstly, Conflux stands out with its scalable blockchain innovations, boasting an 18.71% surge in just 24 hours. In addition, Band Protocol shines with its data oracle solutions, recently seeing a 13.91% increase.
Meanwhile, eCash enhances transaction efficiency, rising by 10.84% in the last 24 hours. Additionally, JasmyCoin transforms IoT data management with a solid 7.38% gain. Check out the details below to see how these gainers are making their mark on the future of digital finance.
1. Conflux (CFX)
Conflux is a layer-1 blockchain designed to enhance decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. It uses the unique Tree-Graph consensus mechanism, combining Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms. This approach ensures scalability, security, and decentralization. Additionally, transactions are quick, efficient, and low-cost, eliminating network congestion. Furthermore, Conflux’s compatibility with Ethereum’s Virtual Machine (EVM) and smart contracts written in Solidity makes it a versatile choice for developers and users.
What sets Conflux apart is its interoperability and innovative features. For instance, the ShuttleFlow cross-chain protocol enables seamless asset transfers between Conflux and other networks like Ethereum and Binance Smart Chain. Moreover, with the Fee Sponsorship Mechanism, users with negative balances can still interact with the blockchain. The network processes 300–6000 transactions per second, with lower fees and an integrated staking system offering consistent rewards.
We're excited to partner with @quillaudits_ai an amazing team dedicated to top-tier security! https://t.co/n9soMq5rkn
— Conflux Network Official (@Conflux_Network) July 22, 2024
CFX has recently made a splash with an impressive 18.71% surge in just 24 hours! This robust short-term performance is bolstered by a solid liquidity ratio of 0.3972, making it a standout in recent trades. However, its neutral RSI of 53.41 suggests it might be heading for a sideways trend, hinting at stability rather than explosive growth.
In contrast, over the past year, CFX’s growth of 4% might seem underwhelming next to Jasmy’s rise. Nevertheless, while trading 9.35% above its 200-day SMA indicates it’s in a stable zone, its long-term performance lags behind other gainers. Therefore, investors looking for steady but moderate gains may find CFX a reliable option.
2. Band Protocol (BAND)
Band Protocol is a cross-chain data oracle platform that connects real-world data with on-chain applications. By enabling smart contracts to access and utilize external data, it unlocks a world of possibilities for DApp developers. This includes integrating sports scores, weather data, random numbers, and price feeds into their DApp logic. Furthermore, built on BandChain using the Cosmos SDK, Band ensures high-speed, efficient data processing. The native token, BAND, is essential for validators fulfilling data requests and serves as the main currency for transactions on BandChain.
Recently, Band Protocol made headlines by successfully deploying Price Feed Data on Astar’s Ink!. Since August 2023, the team has been diligently working on implementing Band Standard Reference Contracts on Ink!. They have thoroughly tested and audited their price feed Oracle to ensure seamless and secure services for the Astar Network ecosystem. This integration enhances data integrity and security within the Polkadot ecosystem.
1/ 🚀 We are delighted to share our integration on @AstarNetwork’s Ink! This marks another significant milestone in our effort toward making Band Price Feed available on all smart contract platforms.
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📕 Read More: https://t.co/Zi4B2uPHNA
🧵Or Continue Below👇
.#bandprotocol pic.twitter.com/IyL9Sv8lYI— Band Protocol (@BandProtocol) July 25, 2024
In light of this news, BAND is currently going strong, with a 13.91% increase in the last 24 hours, making it a hot pick for the short term. Additionally, the token’s RSI of 29.36 signals it might be oversold and poised for a rebound, enhancing its short-term appeal. With a liquidity ratio of 0.3719, it closely competes with CFX, positioning it well for potential gains. On the other hand, BAND has had a 32% rise over the past year, outperforming a third of the top 100 crypto assets. Trading 14.74% above its 200-day SMA showcases a solid long-term trend. It offers steady growth and is a strong option for investors seeking reliable long-term returns.
3. Pepe Unchained (PEPU)
Pepe Unchained is grabbing attention with its impressive presale milestone. The project has now exceeded $5.6 million in raised funds, igniting enthusiasm across the crypto community. Right now, PEPU tokens are available at just $0.0086996 each. But hurry—this presale follows a stage-based pricing model, so early investors enjoy the best rates. It is available for purchase using ETH, USDT, BNB, and even credit or debit cards.
Unbelievable milestone! $5.5M raised! 🎉
Thanks to your unwavering support, Pepe Unchained is reaching new heights! pic.twitter.com/kKKn0fqy6g
— Pepe Unchained (@pepe_unchained) July 26, 2024
Now, let’s talk a bit about its technical aspects; Pepe Unchained is on a mission to transform meme coin transactions. First, the project aims to launch its layer-2 network, designed to enhance transaction efficiency and reduce costs. Next, it plans to introduce its decentralized exchange (DEX) focused on meme coins, further increasing utility and market access.
Additionally, the platform will roll out double staking options with an initial annual yield of 370%. As staking grows, this yield may adjust, but early participants will benefit from the highest rewards. Furthermore, the development team has committed to rigorous security audits and a transparent development process. These steps aim to build investor confidence and establish Pepe Unchained as an innovative player in the crypto space. With over 3,900 followers on Telegram and 8,700 on Twitter, the project is already generating significant buzz.
4. eCash (XEC)
eCash is a bold evolution from Bitcoin Cash ABC (BCHA), aiming to redefine digital transactions. It is designed to function as “electronic cash,” streamlining payments for goods and services. Instead of the cumbersome decimals of Bitcoin, eCash uses “bits” for transactions, simplifying the process. For instance, rather than sending 0.00001000 BTC, you’d send 10 bits. This rebranding also included a conversion from BCHA to XEC at a 1-to-1 million ratio.
Moreover, eCash is not merely about speed; it also focuses on advanced features. The integration of a PoS consensus layer called “Avalanche” alongside the existing PoW ensures enhanced security and faster transactions. This layer is designed to support compatibility with EVM, aiming for interoperability with DeFi on Ethereum. In essence, eCash combines the best of both worlds, aiming to provide a scalable, secure, and efficient cryptocurrency solution.
Looking for the perfect wallet for eCash? 🤔
We've prepared a comprehensive guide with an overview of all wallets that support $XEC and tailored recommendations based on your intended use case. ✅
📝 Read it here: https://t.co/dhkJlc0JZc pic.twitter.com/IIVhjpT1pQ
— eCash (@eCashOfficial) July 22, 2024
XEC has surged by 10.84% in the last 24 hours, catching the eye of short-term traders. With an RSI of 28.36, it’s currently oversold and might be primed for a rebound. Additionally, its liquidity ratio stands at a solid 0.0826, reflecting a healthy volume-to-market cap ratio. The current market cap is $774.22M, while the 24-hour volume is $ 63.97 M.
It has climbed 30% over the past year, marking it as a solid performer but still trailing behind Jasmy’s exceptional gains. Trading 24.59% above its 200-day SMA highlights a positive long-term trend, indicating it’s on a steady path. For those seeking reliable growth, XEC is a solid choice, though it doesn’t top the charts for long-term gains.
5. JasmyCoin (JASMY)
JasmyCoin is a cryptocurrency project focused on reshaping the Internet of Things (IoT) space. Integrating IoT technology with blockchain empowers users to have full control over their data. The platform facilitates a secure exchange of information between IoT devices and decentralized protocols, ensuring users’ data remains protected and sovereign. Additionally, JasmyCoin’s infrastructure supports edge computing and stores data on the InterPlanetary File System (IPFS), promoting a decentralized model where users fully control their data.
Users begin by registering and verifying their identities, setting the stage for seamless data control. They can then track transactions and manage their information with ease. Meanwhile, service providers access this data only with explicit user permission. JasmyCoin’s infrastructure, featuring the Security Knowledge Communicator (SKC) and Smart Guardian (SG) services, guarantees that data management remains both secure and decentralized.
Exciting news! 🎉
A campaign has launched on #DeGate, the DEX powered by Zero Knowledge rollup, for #Jasmy holders! 🚀
Dive into the details now👇@JanctionMGT @HARA_JasmyCFO $Jasmy @DeGateDex https://t.co/SLVaaeSjdC
— Jasmy-MGT (@JasmyMGT) June 14, 2024
JASMY has seen a respectable 7.38% increase in the last 24 hours. With an RSI of 50.69, it remains neutral, reflecting stable short-term conditions. In addition, its liquidity ratio of 0.1927 is strong, though not the highest among the top gainers. Although its short-term performance is steady, it’s outshone by the more dramatic movements of CFX and BAND.
In stark contrast, its 632% rise over the past year is nothing short of extraordinary, outpacing 90% of the top 100 crypto assets. Trading 538.81% above its 200-day SMA, it is the epitome of long-term growth. Therefore, for investors looking to capitalize on massive gains, JASMY is the standout choice, delivering unparalleled performance compared to CFX, BAND, and XEC.
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