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This new week unfolds with a vibrant market outlook in the crypto-verse. Today, the global cryptocurrency market cap stands at an impressive $2.67 trillion, showcasing resilience despite a slight -0.82% change in the last 24 hours, yet reflecting a remarkable 132.92% surge compared to a year ago.
Bitcoin (BTC) remains a formidable leader with a market cap of $1.37 trillion, commanding a dominant 51.17% share. Ethereum (ETH) continues to assert its presence, priced at $3,679.83 and boasting a market cap of $442.12 billion, securing a noteworthy dominance of 17.38%. Moreover, Stablecoins maintain a robust presence, with a market cap of $162 billion, representing a significant 6.07% share of the total crypto market cap.
Biggest Crypto Gainers Today – Top List
The diverse array of today’s top gainers, including Biconomy, Monero, Ordi, and TRON, encapsulates the crypto market’s dynamic evolution and broad appeal. Each project represents significant advancements in decentralized applications, privacy, data storage, and blockchain ecosystems, underscoring the innovation and potential within the digital asset space. As these projects continue to push the boundaries of technology and adoption, they offer insights into the ever-changing space of decentralized finance and blockchain-based solutions. This promises a future of greater accessibility, security, and transparency in the financial world.
1. Biconomy (BICO)
Biconomy is a multichain relayer protocol designed to improve user onboarding and transactions on decentralized applications (DApps). Its goal is to make web3 products as intuitive as web2 products. Biconomy uses meta transactions to let users submit zero-gas transactions, with a third party covering the fees, reducing gas costs by up to 40%. This non-custodial, gas-efficient relayer infrastructure operates at scale.
Biconomy provides a unique solution to common blockchain problems. For instance, Curve Finance uses Biconomy for gasless BTC deposits, enabling users to provide liquidity without gas fees. Perpetual Protocol offers gasless transactions on the xDAI chain, removing the need to change RPC URLs in web wallets.
Also, Decentral Games uses Biconomy to remove gas fees, allowing players to use in-game currency without holding MATIC. Sapien Network, a social blogging platform, enables gasless transactions, letting bloggers transact SPN for free.
1/ @biconomy has submitted a proposal to integrate their Account Abstraction (AA) infrastructure on Metal L2. This integration aims to enhance dApp capabilities on our chain, improving efficiency and user experience. Details follow. pic.twitter.com/PEQlqiPAQ4
— Metal L2 (@Metal_L2) June 7, 2024
BICO is priced at $0.59845, reflecting an 8.94% increase in the last 24 hours. Over the past year, its price has surged by 149%, outperforming 58% of the top 100 crypto assets. Biconomy trades 123.19% above its 200-day SMA of $0.26812. The 14-day RSI is 79.08, indicating overbought and may soon decline. In the last 30 days, Biconomy had 15 green days (50%). Its 30-day volatility is low at 10%, and has high liquidity with a volume-to-market cap ratio of 0.2519.
2. Monero (XMR)
Our next gainer, Monero, launched in 2014, ensures private and anonymous transactions. Unlike Bitcoin, which is often traceable due to blockchain transparency, Monero obscures senders and recipients with advanced cryptography. This focus on privacy and security appeals to users who want to conduct transactions without fear of surveillance or censorship.
Monero’s uniqueness lies in its commitment to decentralization and privacy. This privacy is achieved through its ring signatures, which use past transaction outputs as decoys, making it impossible to identify the actual sender. Additionally, stealth addresses ensure that each transaction remains unlinkable by creating one-time-use addresses.
We're excited to share that, as part of the effort to develop and implement Full-Chain Membership Proofs (FCMP), Cypher Stack will conduct an extensive review of the various proofs required for a seamless protocol upgrade in the future!https://t.co/kThk8wMC6J https://t.co/nSYPNYnAhM
— Monero (XMR) (@monero) May 20, 2024
This comprehensive privacy model gives Monero an edge over rivals like Zcash, which offers selective transparency. Also, Monero’s network is secured by the CryptoNight consensus mechanism, preventing centralization and ensuring robust security against large mining farms.
XMR is valued at $172.91, reflecting a 6.73% increase in the last 24 hours. Over the past year, its price has risen by 22%, surpassing 22% of the top 100 crypto assets. Trading 14.52% above the 200-day SMA of $151.05, Monero shows neutral trading behaviour with a 14-day RSI of 46.46. Furthermore, in the past 30 days, it had 21 green days, indicating 70% positivity, with a volatility of 7%. It also has high liquidity with a market cap of $3.19B and a 24-hour volume of $115.20M.
3. Mega Dice (DICE)
Mega Dice stands out in the crypto casino industry, boasting over 4,500 games, from slots to live casino experiences and engaging game shows. But Mega Dice isn’t just about gaming; it also introduces crypto futures trading, allowing users to earn DICE tokens. The token has recently hit a significant milestone, raising $1.4 million in its presale with a new target of $2M. This achievement highlights its rising prominence and appeal among crypto lovers.
$DICE presale has raised $1.4 Million 🚀
Current tier price: 0.075 💰
Current presale target: $2M 💰We're implementing multiple tiered price increases, so make sure to secure your #DICE early! Don't forget, you can now utilize your $DICE directly in our Web and Telegram… pic.twitter.com/VAsI6u27aD
— Mega Dice Casino (@megadice) June 7, 2024
The $DICE token offers various platform utilities, including casino cashback, airdrop rewards, and NFT perks. By merging GambleFi and GameFi, Mega Dice aims to challenge established players like Rollbit ($RLB). Currently, the token is available at a presale price of $0.075, with previous rates at $0.069. Hence, prospective buyers are encouraged to act swiftly to secure the token before the price moves to the next stage.
Owning $DICE means owning a piece of the action through its staking features. Stakers can unlock daily rewards tied to the casino’s performance, providing a profit share. The platform rewards stakers with bonuses, exclusive offers, and early access to games. Strategies like regular token burns and strategic buybacks enhance price stability, while a cap of 420 million total tokens prevents inflation, safeguarding $DICE’s value over time. The presale allocates 35% of the total supply, with staking rewards comprising 10%.
4. Ordi (ORDI)
The $ORDI token uses the Bitcoin Ordinals protocol to write information to each Satoshi. It is the first BRC-20 token on the Bitcoin blockchain, with a total supply of 21 million coins. Launched in March 2023 by an anonymous user, ORDI allows encoding text, images, audio, and video onto individual Satoshis without needing a separate token or side chain. This creates non-fungible tokens (NFTs) and tokens within the Bitcoin network, focusing on textual and visual data due to Bitcoin’s low block size limit.
ORDI now stands at $59.94, reflecting a 1.43% increase in the last 24 hours. Remarkably, over the past year, it has experienced a staggering surge of 805%, outperforming 91% of the top 100 crypto assets by market capitalization. Trading at 343.80% above its 200-day SMA, ORDI demonstrates substantial strength in its long-term trend. Despite this bullish momentum, its 14-day RSI sits at 59.59, signalling a state of neutrality in the short term.
Over the past 30 days, ORDI has witnessed 17 green trading days, contributing to a 30-day volatility of 16%, showcasing a moderate level of price fluctuation. Furthermore, ORDI boasts high liquidity, which is evident from its volume-to-market cap ratio of 1.0078. The project demonstrates a strong presence and active participation within the crypto market, with a market capitalization of $1.26 billion and a robust 24-hour trading volume of $1.27 billion.
5. TRON (TRX)
TRON is a decentralized blockchain-based operating system launched by the Tron Foundation in 2017. It offers a decentralized internet environment where developers can create dApps, share content, and earn digital assets. The platform aims to empower digital content creators by providing full ownership rights and enabling direct rewards from content consumers, bypassing intermediaries like YouTube and Facebook.
TRON’s unique ecosystem continues to gain traction due to its focus on connecting content creators directly with audiences. By eliminating centralized platforms, TRON aims to reduce creators’ commissions and lower consumers’ content costs. The team, consisting of experienced developers from significant companies like Ripple Labs, consistently works to advance the platform. TRON provides a clear development roadmap, ensuring transparency about its future plans.
It's official!📢@GoogleCloud is now an official @trondao Super Representative!🦾 https://t.co/fyddsiHwmk
— Moby Media (@mobymedia) June 7, 2024
With its current price at $0.114549, TRX has marked a 1.62% increase in the last 24 hours. Also, over the past year, it has surged by 61%, outperforming 38% of the top 100 crypto assets by market cap. TRON trades 1.32% above its 200-day SMA of $0.113035, with a 14-day RSI of 50.05, indicating neutral momentum. In the last 30 days, TRX saw 13 green days, reflecting 43% positivity and a low volatility rate of 5%. With a market cap of $10.58B and a 24-hour volume of $765.86M, TRON exhibits high liquidity with a volume-to-market cap ratio of 0.0724.
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