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As Bitcoin moves closer to being adopted in mainstream, the crypto market grapples with a surge in scams, affecting investors of all sizes and expertise levels. However, there are steps to be taken to safeguard investments and steer clear of these pitfalls.
Firstly, it is advisable to opt for reputable crypto-trading platforms like Coinbase Global, known for their regulatory compliance and top-notch security measures. Secondly, establish clear investment criteria, avoiding low-market-cap and meme coins prone to manipulation. Lastly, prioritize education to navigate the evolving crypto market with confidence. There is no better place to start than with this engaging and enlightening exploration of the top crypto gainers in today’s market.
Biggest Crypto Gainers Today – Top List
Within the crypto markets, select top gainers are garnering attention for their noteworthy growth trajectories and pioneering endeavors. Pyth Network stands out with its first-party Oracle network, boasting real-time market data across 40 blockchains. With over 380 low-latency price feeds, it ensures accuracy and protection against manipulation, reflected in its 5.68% surge to $0.445804.
Flare, reshaping blockchain with its EVM-based layer one, exhibits stability with a 4.21% rise to $0.028415. Meanwhile, Sandbox’s partnership with Upland has pushed SAND to $0.466749, illustrating its expanding virtual gaming ecosystem. Lastly, Illuvium’s Open Beta Testnet launch heralds a 2.87% surge to $88.58, marking a significant milestone in Ethereum gaming.
1. Pyth Network (PYTH)
Pyth Network is a leading first-party oracle network that provides real-time market data to financial dApps across over 40 blockchains. It delivers over 380 low-latency price feeds covering cryptocurrencies, equities, ETFs, FX pairs, and commodities.
Significant contributors supply proprietary price data, including Binance, OKX, Jane Street, and Cboe Global Markets. The Pyth oracle program aggregates this data on-chain, ensuring accuracy and protection against manipulation.
It offers unique features like over 380 price feeds for various assets and updates prices every 400 milliseconds. This rapid update rate enables precise, smart contract operations. Trusted institutions, including major exchanges and trading firms, publish proprietary price data to Pyth.
Pyth Network’s security relies on open-source software, regular audits, and a decentralized Oracle protocol. Additionally, economic incentives for delegators enhance the network’s accuracy and reliability.
A Glorious Morning to get your .gm and other wallet names thanks to @AllDomains_ and Pyth 🔮
AllDomains will leverage Pyth Price Feeds to peg domain pricing in USDC. Learn more: https://t.co/F4LSQhe8Vm
— Pyth Network 🔮 (@PythNetwork) June 1, 2024
The current price of PYTH is $0.445804, reflecting a 5.68% increase in the last 24 hours. Over the past 14 days, the price rose by 13.4%, though it decreased by 17.3% in the past 30 days. It trades 11 out of 30 days in the green, indicating 37% positive days.
The 14-day Relative Strength Index (RSI) at 51.94 suggests a neutral trend. The token has high liquidity, with a 0.1780 volume-to-market cap ratio and a $1.61B market cap. PYTH is traded on major platforms like Binance, KuCoin, and Kraken. Investors can purchase it using fiat currencies, including USD and KRW.
2. Flare (FLR)
Flare is reshaping blockchain as an EVM-based layer one blockchain. It enhances blockchain’s utility by providing decentralized access to high-integrity data from other chains and the internet. This innovation unlocks new use cases and monetization models, enabling dApps to serve multiple chains seamlessly through a single deployment.
Flare is unique due to its two native interoperability protocols. These protocols enable decentralized acquisition of blockchain, time series, and Web2 API data. The State Connector securely acquires event information from other blockchains and the internet for smart contracts on Flare. It uses independent attestation providers to validate events before making the data available. The Flare Time Series Oracle (FTSO) delivers decentralized prices and data series to dApps without relying on centralized data providers.
Flare’s price today is $0.028415, marking a 4.21% rise in the last 24 hours. Over the past year, its price surged by 24%, outperforming 29% of the top 100 crypto assets. However, Flare trades 1.51% below its 200-day Simple Moving Average (SMA) of $0.028852, and its 14-day RSI stands at 50.48, indicating a neutral trend.
Layer 1s don't usually have oracles built-in.
To have data feeds for dapps on them, chains pay millions from treasury.
That doesn't mean builders of dapps on those chains can now freely use the feeds.
For 'usable' fees (sub 1 sec), some popular perps are paying millions.
The…
— Flare ☀️ (@FlareNetworks) June 1, 2024
With a market cap of $1.16B and a 24-hour volume of $19.04M, Flare boasts medium liquidity. Its volume-to-market cap ratio is 0.0164. Notably, Flare’s 30-day volatility is low at 4%, suggesting stability. This performance makes Flare an intriguing option for investors seeking growth and stability.
3. Mega Dice (DICE)
Mega Dice introduces its presale directly on its official casino platform, offering interested buyers easy access to token acquisition. With a total supply of 420,000,000 tokens, the DICE token’s strategic allocation includes 35% for the presale, 15% for airdrops, and 10% for staking rewards, among other allocations. Currently priced at $0.069 until 14.7 million tokens are sold, the sale gains momentum, already raising over $1M.
The $DICE Season 2 Airdrop is STILL LIVE – Earn Your Share of a $750,000 AIRDROP! 🚨💰
Want a piece of the action? Just wager $5000 or more between May 15 and 28 June, 2024, and you could claim your share of the $750,000 airdrop! 😍 With a maximum airdrop of $37,500 per player,… pic.twitter.com/YiFxEUucRx
— Mega Dice Casino (@megadice) May 31, 2024
But let’s take a pause and learn a bit about Mega Dice. This powerhouse crypto casino boasts over 50,000 players and a jaw-dropping monthly wagering volume exceeding $50 million. Mega Dice prioritizes player satisfaction by offering various games, including sports and esports. With the DICE token’s debut, Mega Dice elevates excitement, offering users exclusive rewards for unforgettable gaming experiences.
As Mega Dice’s utility token, DICE grants access to premium content, community governance participation, and unique rewards. The strategic distribution plan allocates tokens for various platform enhancements, ensuring holistic growth. Noteworthy features include seamless gaming ecosystem integration, a 25% rev-share referral program, early bird bonuses for presale participants, and limited edition NFT rewards. Additionally, holders of staked DICE tokens receive daily rewards based on casino performance, fostering user engagement and platform success.
4. The Sandbox (SAND)
The Sandbox is a blockchain-based virtual world where users can create, build, buy, and sell digital assets as a game. It combines decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs) to create a decentralized gaming platform. The Sandbox introduces blockchain technology to mainstream gaming with a “play-to-earn” model, enabling users to be both creators and gamers. The SAND utility token facilitates transactions within the platform.
In recent news, The Sandbox partnered with Upland to revolutionize Web3 gaming. This collaboration will create a mutual presence in each other’s virtual worlds. Upland will build its headquarters in The Sandbox, and The Sandbox will get an exclusive neighborhood in Upland. They will also run a joint design competition to showcase community creativity. This partnership aims to build and incentivize the communities to explore both platforms.
Upland + @TheSandboxGame = Unstoppable force!
"Our partnership ushers in a new era of digital interaction, enabling creators and doers to connect through new, immersive avenues. Interoperability within this alliance encourages a rich exchange of ideas and innovation across… pic.twitter.com/eY4u6kPZHc
— Upland (@UplandMe) May 30, 2024
This unique partnership has raised the price of SAND in the market. It’s now at $0.466749, reflecting a 3.82% rise in the past 24 hours. Despite this, it has fallen by 18% over the past year. However, it is trading 10.12% above its 200-day SMA of $0.423808.
Additionally, the 14-day RSI stands at 58.32, indicating a neutral stance, and has recorded ten green days over the last 30 days. The Sandbox demonstrates high liquidity with a market cap of $1.06B and a 24-hour trading volume of $171.13M while maintaining a low 30-day volatility of 3%.
5. Illuvium (ILV)
Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. As the first AAA game on Ethereum, Illuvium targets casual gamers and DeFi enthusiasts. Players capture and train creatures called Illuvials, which can be used in PVP battles. The game blends open-world exploration with strategic auto-battler gameplay, offering in-game rewards, governance participation, and trading opportunities for ILV tokens.
On May 28th, Illuvium unveiled its highly anticipated Open Beta Testnet! Participants can earn airdrop points by playing games within the Illuvium universe, such as Arena, Zero, and Beyond. Players receive 100 points for each hour of gameplay, with additional points awarded for collecting Illuvial sets. These points will be converted into ILV tokens distributed to participants’ IMX Passport wallets after the testnet concludes.
🔥 Open Beta Testnet is LIVE! 🔥
Rangers, it's go time! 🚀 The wait is over – fire up your @EpicGames client and jump into the Illuvium Open Beta Testnet. 🕹️✨
Get ready for the next phase before Mainnet, new features, and intense hunts. 🏹 And guess what? A massive event is… pic.twitter.com/LJqn9K6amn
— Illuvium (@illuviumio) May 28, 2024
Following the launch of Illuvium’s new testnet, the token’s price stands at $88.58, marking a 2.87% surge in the last 24 hours. Also, over the past year, it has demonstrated impressive growth, increasing by 66% and outperforming 42% of the top 100 crypto assets.
Furthermore, Illuvium is showcasing robust market performance with a remarkable 35.51% surge above its 200-day SMA of $65.52. At a 14-day RSI of 40.97, its momentum is steady, neither leaning toward bulls nor bears. Also, with high liquidity and a market cap of $384.65M, Illuvium presents robust growth potential following its latest network developments.
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