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As the cryptocurrency market expands, Russia plans to launch its first international crypto payments by the end of the year. This move is a response to Western sanctions that have delayed global transactions for Russian businesses. By using cryptocurrencies, Russia aims to bypass these restrictions and simplify cross-border payments.
Consequently, this shift highlights a growing trend of leveraging digital currencies to overcome financial barriers. The new law, expected to take effect this autumn, could encourage other countries to explore similar strategies for international trade. This shift could enhance the role of cryptocurrencies in global finance, accelerating market adoption and innovation.
Biggest Crypto Gainers Today – Top List
With the market exploring new frontiers, AIT Protocol, NEM, Metaplex, and XPLA each showcase remarkable recent growth and innovation. AIT transforms Web3 data processing and AI model training with its cutting-edge infrastructure. Meanwhile, NEM enhances blockchain transactions and digital applications, demonstrating both resilience and creativity.
Additionally, Metaplex leads in the NFT sector by providing a comprehensive platform for digital asset management. On the other hand, XPLA drives advancements in digital media, gaming, and the metaverse, pushing forward despite long-term challenges. Let’s learn more about these top gainers’ achievements and their potential to shape the future of the crypto market.
1. AIT Protocol (AIT)
AIT Protocol is a leading force in Web3 data infrastructure, seamlessly blending AI and blockchain technology. This innovative platform establishes a decentralized marketplace for data annotation and AI model training. By leveraging crypto economics, it ensures rapid cross-border payments, trust, and security. Moreover, AIT operates ‘Einstein AIT,’ a subnet on the Bittensor network that focuses on mathematics, logic, and data analysis. This subnet enhances response accuracy by enabling autonomous code execution in Python environments.
Furthermore, the AIT Protocol supports a global labor market for data processing and AI model development. It rewards participants through crypto economics, thereby encouraging wider community involvement. Security remains a top priority, with blockchain technology guaranteeing transparent and immutable transactions. In addition, the protocol advocates for the use of trusted hardware wallets and two-factor authentication to provide enhanced protection. Recently, the partnership with Gotbit, a prominent investment fund and market maker, has further strengthened its network and increased its value for the community.
📣 Thrilled to announce a partnership with @gotbit_io
Gotbit is one of the market leading investment funds, blockchain advisor, and market maker.
Together, we'll be working to bring more value to the community by combining our network & partners 🫂 https://t.co/NupNrT4qZb
— AIT Protocol (@AITProtocol) July 22, 2024
Currently, AIT is making headlines with a significant 20.68% surge in the last 24 hours, driving its price to $0.123083. This spike is accompanied by high liquidity, as evidenced by a market cap-to-volume ratio of 0.1100, ensuring smooth trading operations. The short-term outlook appears balanced, with 50% of the last 30 days showing gains and a volatility rate of 29%, indicating moderate price swings. However, for long-term success, AIT will need to maintain consistent positive momentum.
2. NEM (XEM)
NEM is a blockchain platform launched in March 2015 with the aim of improving the limitations of earlier chains. As one of the first non-Turing complete chains, NEM introduced key features like user-defined tokens (mosaics), customizable namespaces, and multi-signature accounts. Additionally, it implemented the EigenTrust++ reputation system, a novel peer-to-peer trust mechanism.
Additionally, its proof-of-importance consensus mechanism rewards on-chain activity and counters wealth concentration common in proof-of-stake systems. The platform’s client, NIS, is developed in Java, providing a solid foundation for its operations.
NEM is highly versatile, serving as an alternative payment method for a variety of businesses and vendors. It supports a range of applications, with its presence in Japan, where it underpins social media platforms like nemgraph. This community-driven app offers a unique alternative to Instagram. The platform’s security is a key strength, bolstered by its unique consensus mechanism and a solid blockchain framework. These features collectively enhance its reliability, making NEM a trustworthy option for digital transactions and applications.
#SaveTheDate | XYMPOSIUM 2.0 is coming to Tokyo. pic.twitter.com/EsdElfWOL0
— NEM (@nemofficial) June 27, 2024
NEM has seen an impressive 15.23% increase in the last 24 hours, bringing its price to $0.023754. It boasts high liquidity with a volume-to-market cap ratio of 1.7952, indicating strong trading activity. The short-term outlook is promising, with 60% green days in the past month and low volatility at 11%. However, NEM’s current position below its 200-day SMA by 23.35% and a 22% price decrease over the past year highlight a challenging long-term recovery path.
3. Shiba Shootout (SHIBASHOOT)
Shiba Shootout is making headlines with its successful presale, raising over $830,000. This Wild West-themed meme coin is building a dynamic community with meme duels, crypto poker, and virtual treasure hunts. Additionally, the play-to-earn (P2E) game, available on Google Play and the Apple App Store, allows players to earn $SHIBASHOOT tokens while enjoying their gameplay.
BOOM!!! 🎉
Another huge achievement for #SHIBASHOOT 🐶
We've successfully raised over $800,000! 💵
The excitement with #SHIBASHOOT keeps growing, stay tuned for more updates! 🚀 pic.twitter.com/l6hZyaHhjk
— shibashootout (@shibashootout) July 29, 2024
Moreover, the project offers several engaging utilities. For instance, the “Posse Rewards” program enables users to earn bonus tokens by referring friends. Similarly, “Campfire Stories” sessions reward users for sharing entertaining crypto experiences, while “Token Governance Roundups” allow holders to influence key decisions.
Furthermore, the “Lucky Lasso Lottery” provides opportunities for winning substantial crypto prizes, with some proceeds going to charitable causes. Additionally, features like “Savings Saddlebags” facilitate automatic token savings, and “Cactus Staking” offers a playful way to accumulate rewards in a digital desert landscape.
Shiba Shootout’s roadmap features three key phases. In Phase 1, the project will launch the community, conduct an AI contract audit, and ramp up marketing efforts. Transitioning to Phase 2, the focus will shift to releasing community features and blockchain integration. Finally, Phase 3 will expand the project’s reach with token listings on major exchanges and the establishment of strategic partnerships. With a total supply of 2.2 billion tokens, Shiba Shootout has allocated 35% to the presale. Invest now to secure your tokens and be part of the excitement!
4. Metaplex (MPLX)
Metaplex is a decentralized protocol on the Solana blockchain, enabling the creation, commerce, and use of digital assets. It offers utility programs like Packs, Fusion, “Entangled,” and Encrypted NFTs. Additionally, programs such as Gumdrop and Hydra facilitate token distribution. The protocol comprises four key components.
First, the Digital Asset Standard defines metadata for NFTs to ensure interoperability. Second, the Metaplex Program Library (MPL) provides on-chain functions for NFT transactions. Third, advanced Developer Tools and SDKs simplify blockchain development. Lastly, MPLX serves as a utility and governance token, allowing token holders to guide the protocol’s direction through the Metaplex DAO.
Metaplex streamlines NFT creation and trading on Solana, allowing developers to easily integrate its tools and benefit from smooth NFT transactions across platforms. Furthermore, security is a top priority, with robust on-chain infrastructure ensuring reliable NFT transactions. Additionally, the governance model adds another layer of security. Community-driven decisions help maintain the protocol’s integrity, making it a trustworthy platform for digital asset management.
2 million fungible tokens minted with Metaplex 🦾 pic.twitter.com/mJ4eKRozrh
— Metaplex 🦾 (@metaplex) July 25, 2024
MPLX has experienced a 9.88% price increase in the last 24 hours, with its current price at $0.35814. Although it has medium liquidity, as shown by its 0.0165 volume-to-market cap ratio, it demonstrates impressive long-term strength. It is trading a remarkable 406.32% above its 200-day SMA and has surged by 537% over the past year. In the short term, Metaplex has a relatively stable performance with 47% green days in the last 30 days and low volatility at 8%. Compared to its peers, Metaplex stands out as a top performer in both short and long-term metrics.
5. XPLA (XPLA)
XPLA is a Layer 1 blockchain that serves as a hub for digital media content, including Web3 games, NFT marketplaces, and the metaverse. It aims to establish a global blockchain hub through its sustainable infrastructure, native SDK, and developer-friendly middleware. By fostering collaboration among partners with expertise in technology, security, and content, XPLA focuses on creating a sustainable blockchain gaming ecosystem. This ecosystem is anchored by the ‘Play to Own’ principle, which ensures that gamers’ ownership and efforts are respected and valued.
Moreover, the XPLA Mainnet uses the Cosmos SDK and expands its capabilities through Cosmos IBC for chain interoperability. It supports COSMWASM and EVM, ensuring interaction with other ecosystems and compatibility with Solidity-coded smart contracts. Additionally, XPLA’s vibrant ecosystem features various games and DApps. Consequently, XPLA is advancing as a pivotal, content-driven blockchain with a broad range of services.
⚙ Node Upgrade Announcement
Following the approval of Governance Proposal #65 (A node upgrade proposal for v1_5), the XPLA mainnet node will undergo an upgrade.
– Schedule: 30th July, 01:30 (UTC)
– Anticipate temporary unavailability on https://t.co/kGbYeX4RT2, Explorer, TX,… pic.twitter.com/Lz86603HdY— XPLA (@XPLA_Official) July 30, 2024
XPLA’s price has climbed 6.55% in the last 24 hours, reaching $0.12864. With a high liquidity level, as indicated by its 0.0666 volume-to-market cap ratio, it shows robust trading activity. The short-term outlook is relatively stable, with 50% of the last 30 days being green and moderate volatility of 13%. However, long-term challenges are evident as XPLA trades 50.20% below its 200-day SMA, and its price has dropped by 55% over the past year. It has underperformed most top assets, outperforming only 1% of the top 100. While it holds some short-term potential, its long-term prospects are uncertain compared to other top gainers.
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