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Bitcoin is approaching the $70,000 mark, creating a buzz in the crypto market. With just a 6% gap from its all-time high, many are curious about the drivers behind this surge and its future implications. For instance, former President Trump has proposed creating a Bitcoin reserve, while Senator Cynthia Lummis envisions the U.S. Treasury acquiring 1 million Bitcoin.
Meanwhile, economic factors like cooling inflation and potential Fed interest rate cuts are enhancing Bitcoin’s appeal. Additionally, institutional support is growing, with states like Michigan and Wisconsin investing in Bitcoin ETFs. With the U.S. presidential election approaching, regulatory shifts and global economic trends could impact Bitcoin and other cryptocurrencies.
Biggest Crypto Gainers Today – Top List
Today’s roundup of top crypto gainers highlights Bitcoin SV, Echelon Prime, Arweave, and DeXe. Bitcoin SV leads with its scalable blockchain and recent 10.09% surge, showing strong long-term growth. Meanwhile, Echelon Prime, which merges Web3 and gaming, has risen by 10.13% and boasts impressive annual gains. Arweave’s unique data storage approach has driven its price up by 490% over the past year, making it a standout. Lastly, DeXe, focusing on DAO governance, has gained 6.84% recently and shows substantial year-over-year growth. This overview provides key insights into each cryptocurrency’s performance and features, helping readers make well-informed investment decisions.
1. Bitcoin SV (BSV)
Bitcoin SV originated from a hard fork of Bitcoin Cash (BCH) in 2018. This fork followed a previous split from Bitcoin (BTC) during the blocksize wars. BSV aims to adhere to the original vision of Bitcoin, as described in Satoshi Nakamoto’s white paper, by emphasizing scalability and stability. Additionally, it promotes itself as a true peer-to-peer electronic cash system. By removing artificial block size limits and re-enabling Script commands, BSV supports enterprise-level blockchain applications. Moreover, it offers advanced capabilities like tokens, smart contracts, and data usage.
BSV focuses on creating a scalable and efficient blockchain platform for electronic cash payments and distributed data applications. With its unbounded block size, BSV can accommodate any application or payment network without relying on second-layer solutions. Impressively, it can process up to 1,000,000 transactions per second, aiming to rival traditional payment platforms like VISA at a lower cost. Additionally, BSV uses proof-of-work to secure the network, making it nearly impossible to change past transactions through complex mathematical problem-solving by miners.
Martin Coxall (Director of Growth for BSV Blockchain) explains how achieving one trillion transactions on the BSV blockchain in a week is only the beginning.#BSVBlockchain #AerospikeSummit2024 #Teranodehttps://t.co/2eol4p7DaW
— BSV Blockchain (@BSVBlockchain) July 25, 2024
Bitcoin SV’s short-term outlook appears robust, with a 10.09% surge in the last 24 hours and trading above its 200-day SMA by 19.74%. However, with an RSI at 39.21, it’s currently in neutral territory, hinting at a potential pause before any major move. Furthermore, over the long term, it has shown a 39% increase over the past year, surpassing 40% of the top 100 crypto assets. This performance, combined with high liquidity and low volatility of 9%, makes BSV stable yet less dynamic compared to the more volatile AR and PRIME.
2. Echelon Prime (PRIME)
PRIME is the native token of the Echelon Prime Foundation, a Web3 ecosystem revolutionizing next-gen gaming. Echelon Prime blends decentralized finance and gaming with cutting-edge blockchain tech, fostering seamless interoperability. Developed by Eclat World, it supports secure, transparent transactions via decentralized smart contracts. The token plays a key role in tokenization, multi-signature transactions, trading, governance proposals, and Web3 gaming, particularly in the sci-fi trading card game Parallel.
Recent updates highlight notable advancements. Parallel is gearing up for high-stakes tournaments and a mobile version, with a new expansion set to launch exclusively in PRIME. Echelon Prime is expanding its reach through new partnerships while focusing on stability and enhancements. Overall, the project is well-positioned to scale its TCG and lead innovation in the Web3 gaming space.
Echelon is proud to support @Parallel in this growth phase.
As the studio enables more ways to play (new game modes) we're excited to offer more ways to engage.
Bonds unlock new opportunities for players and collectors alike. The Tournament app enables competitive play.
— Echelon (@EchelonFND) July 24, 2024
In the short term, PRIME is stirring up interest, with a 10.13% increase in the past 24 hours and an impressive 96.95% above its 200-day SMA. Despite a medium liquidity ratio, its RSI of 65.68 indicates a balanced market sentiment, suggesting potential stability. Over the past year, the token has surged by 366%, outperforming 81% of the top 100 crypto assets. With consistent gains and a low volatility of 8%, PRIME stands out as a strong contender, especially when compared to the steadier yet less dynamic Bitcoin SV.
3. PlayDoge (PLAY)
PlayDoge is set to transform the mobile play-to-earn (P2E) gaming scene with its innovative blend of nostalgia and cryptocurrency. By bringing the iconic Doge meme to life as a Tamagotchi-style virtual pet, it offers players a unique opportunity to earn crypto while indulging in retro 2D adventures. Moreover, the presale has already achieved a remarkable $5,880,592.87, making this an opportune moment to get involved.
This #Presale is hitting the mark! 💯
Secure your $PLAY bag👇 https://t.co/JT0VEofqf2 pic.twitter.com/Alx32IyiMb
— PlayDoge (@PlayDogeGame) July 27, 2024
In PlayDoge, players nurture their virtual pets by feeding, training, and entertaining them, all while exploring classic 8-bit side-scrolling levels. This game revived the Tamagotchi craze from the ’90s, which captured the hearts of millions worldwide. With its high-definition pixel graphics and intuitive touchscreen controls, PlayDoge enhances the nostalgic experience with cutting-edge blockchain security, ensuring a blend of fun and innovation.
Moreover, the $PLAY token is at the heart of the PlayDoge ecosystem. It functions as the primary in-game currency for transactions and unlocking special features. Players can earn $PLAY by caring for their PlayDoge and excelling in mini-games. Additionally, the tokenomics are crafted to boost engagement, with substantial allocations for presale, liquidity, community rewards, and staking. The roadmap includes key milestones such as contract audits, token launches, app testing, and community airdrops. Right now, you can grab $PLAY tokens at an incredible rate of just $0.00523 each.
4. Arweave (AR)
Arweave is a decentralized storage network designed for the indefinite preservation of data. It presents itself as “a collectively owned hard drive that never forgets.” The network focuses on hosting “the permaweb” — a permanent, decentralized web featuring community-driven applications and platforms. Arweave aims to enable the storage and sharing of information across generations, ensuring a collective memory that endures over time.
Arweave stands out with its unique “blockweave” technology, a variation of blockchain where each block links to both the previous one and a random earlier block. This design incentivizes miners to store more data to access these random previous blocks and earn rewards. The network’s “profit sharing tokens” allow developers to earn dividends from transaction fees generated by their apps, fostering a sustainable ecosystem. Additionally, it supports startups through its “Boost” program, providing free storage and access to the Arweave team and industry investors. Arweave’s “proof-of-access” algorithm ensures data integrity by requiring miners to store more information to access older blocks.
Hardware wallets can provide important benefits to keeping your funds safe. Of course, there's still no guarantee, that comes down to the individual as well.@KeystoneWallet is an option that integrates well with Arweave.
Let’s take a closer look.
🛡️🧵 pic.twitter.com/RSFAUwOSyG
— Only Arweave (@onlyarweave) July 26, 2024
Arweave showcases a compelling short-term trajectory with a 7.58% increase in the last 24 hours and a staggering 418.01% above its 200-day SMA. The RSI of 41.65 indicates a neutral stance, hinting at a period of consolidation. In the long term, the price has soared by 490% over the past year, outpacing 87% of the top 100 crypto assets. With high liquidity and moderate volatility of 14%, this asset excels in long-term growth. It surpasses both Bitcoin SV and Echelon Prime in year-over-year gains.
5. DeXe (DEXE)
DeXe is a DAO focused on creating and governing DAOs, with an emphasis on meritocracy, expertise, and incentive alignment. Operating in the DeFi sector, it provides a robust protocol for DAO development and management. The $DEXE token is central to its operation, allowing holders to participate in decision-making and influence the DAO’s direction. Consequently, DeXe is listed on various cryptocurrency exchanges, enhancing its accessibility and utility for DAO enthusiasts.
Moreover, DeXe stands out for its innovative approach to DAO governance and its commitment to sustainable growth. The protocol supports the creation of effective and equitable DAOs, promoting active participation and proper incentives. To ensure security, it employs smart contracts that automate and enforce platform rules, complemented by regular audits to address vulnerabilities. Furthermore, the DeXe DAO structure decentralizes control, reducing the risk of malicious activities and fostering transparent decision-making. Additionally, non-custodial wallets enable users to retain control over their assets, safeguarded by advanced security measures.
🚀 The wave of $DEXE futures keeps rolling on!
🔥Now Listed on:
💎 @XT_Futures with up to 20x Leverage
👉https://t.co/sxaaXfI7ac💎 @BloFin_Official with up to 12x Leverage
👉https://t.co/8Fx6pMw9km pic.twitter.com/yCgeRu8xhO— DeXe Protocol (@DexeNetwork) July 26, 2024
This top gainer shows a strong short-term performance, with a 6.84% increase in the last 24 hours and trading 253.74% above its 200-day SMA. Additionally, its RSI of 38.33 indicates a neutral outlook, suggesting potential stability in the near term. Over the past year, the price has surged by 323%, besting 80% of the top 100 crypto assets. Furthermore, despite its low liquidity ratio and modest 7% volatility, its substantial long-term growth shows its potential. As a result, it stands competitively alongside Bitcoin SV, Echelon Prime, and Arweave.
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