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Before we dive into today’s top gainers, let’s take a quick peek at how the top guns in the market are doing! Bitcoin took the lead in crypto investments with a whopping $1.97 billion inflows! Ether also had a stellar week, raking in nearly $70 million, its best since March.
Bitcoin ETFs, especially BlackRock’s IBIT, are also on fire, now holding $20 billion. With the SEC’s green light on ETH ETFs from big names like VanEck and Fidelity, Ether is set for more action. Analysts predict $5-10 billion could flow into ETH products soon, sparking hopes of a $10,000 Ether by 2024 end!
Biggest Crypto Gainers Today – Top List
Welcome to our latest update on the top crypto gainers today. In this article, we will examine the market’s standout performers, highlighting Gnosis, Metaplex, Injective, and Flare. These cryptocurrencies have made significant strides, driven by innovative developments and strong market momentum.
Expect in-depth insights into their latest news, performance metrics, and unique features that make them compelling for investors. Let’s explore the details and see what makes them noteworthy contenders in today’s crypto market.
1. Gnosis (GNO)
Gnosis, the first gainer on our list, constructs decentralized infrastructure on Ethereum. Established in 2015, it initially concentrated on prediction markets to facilitate global access to accurate information. To bolster this initiative, Gnosis developed crucial infrastructure like Gnosis Safe.
As a decentralized autonomous organization (DAO), it offers an infrastructure for various decentralized applications (dApps). In November 2021, the xDAI and GnosisDAO communities merged their ecosystems, forming the Gnosis Chain. This Ethereum forerunner companion tackles scaling issues through robust engineering.
Gnosis recently introduced Gnosis Pay cards with unique ENS identities, offering them for free for a limited time. This self-custodial card eliminates conversion fees, allowing users to make payments directly using blockchain addresses. The first 300 users can claim their cards for free with the code “ENSXPAY.” A 50% discount will be available until June 30, 2024.
GIP-102: Should GnosisDAO provide financing for the new GnosisVC ecosystem venture fund?
GnosisDAO Phase-2 Proposal By Ben
— GnosisDAO (@GnosisDAO) June 10, 2024
GNO is now priced at $351.36, showing an 8.53% increase in the last 24 hours in light of this news. Over the past year, its price surged by 221%, outpacing 69% of the top 100 crypto assets. Gnosis is trading 160.53% above its 200-day SMA of $134.59. The 14-day RSI is 71.57, indicating it is overbought and may fall soon. In the last 30 days, it had 15 positive trading days, with a 30-day volatility of 9%. Gnosis has medium liquidity with a market cap of $908.02 million and a 24-hour volume of $23.59 million.
2. Metaplex (MPLX)
Metaplex is a decentralized protocol on the Solana blockchain that facilitates digital asset creation, commerce, and use. It offers utility programs like Packs, Fusion, and Encrypted NFTs. These aim to democratize digital commerce by providing a scalable and user-friendly ecosystem for the NFT community. The MPLX token governs the protocol through the Metaplex DAO.
Breaking news from the Metaplex Foundation unveils MPL-404, a cutting-edge framework and on-chain protocol specifically designed for hybrid DeFi on Solana. Teaming up with Mutant Labs, this initiative promises to change the integration of tradeable and non-tradeable assets within the Solana ecosystem.
MPL-404 facilitates the seamless swapping of fungible and non-fungible tokens, marking a significant leap forward in the utility of NFTs. Moreover, it introduces dynamic trait re-rolling and on-chain identities, empowering token communities with newfound capabilities and opportunities for innovation.
1/ Metaplex May Round-up
TLDR:
– 497k new fungible tokens created through Token Metadata (ATH)
– 834k monthly unique signers (ATH)
– 3.1 million new wallets collected a digital asset created through Metaplex
– Metaplex Foundation introduced MPL-404 pic.twitter.com/JjUG5HfdbM— Metaplex 🦾 (@metaplex) June 10, 2024
With this recent development, MPLX shows an 8.28% surge in the last 24 hours. Over the past year, it has increased by 381%, surpassing 78% of the top 100 crypto assets. Trading above its 200-day SMA by 317.13%, which stands at $0.07073, Metaplex indicates stability in its trend.
Despite a neutral 14-day RSI of 59.65, suggesting potential sideways movement, 43% of the last 30 trading days were positive. With a 30-day volatility at 7%, Metaplex maintains relatively stable price movements. However, it exhibits low liquidity, with a volume-to-market cap ratio 0.0097.
3. WienerAI (WAI)
WienerAI, a new AI meme coin, has captured significant attention by raising over $5 million in its presale. Unlike typical meme coins that bank on humor and hype, WienerAI integrates advanced technology, specifically an AI-powered trading bot.
This innovative bot is designed to assist users in crypto trading by analyzing market data and generating trade ideas based on individual criteria such as risk tolerance and target gains. This blend of humor and functionality has resonated with investors, fueling the presale’s success.
🚀🎉 $5M Milestone Achieved! 🎉🚀
WienerDogAI is just getting started!! 🌭🤖 pic.twitter.com/x7G1kFx729
— WienerAI (@WienerDogAI) June 8, 2024
The trading bot doesn’t just scan the market; it executes trades across multiple decentralized exchanges (DEXs) at optimal prices without charging fees. This feature makes it accessible and appealing to both novice and seasoned traders. Additionally, WienerAI offers a staking protocol with yields of up to 211% per year, enabling users to earn passive income while the AI bot searches for trading opportunities.
A well-structured tokenomics model bolsters Wienerai’s success. Out of its 69 billion token supply, 30% is allocated for presale investors, 20% for staking incentives, and another 20% for community rewards. Currently priced at $0.000717 per token, the presale continues to attract new investors. As the presale concludes, WienerAI plans to list on decentralized exchanges, initiating an aggressive marketing campaign to drive viral growth and enhance value for early supporters.
4. Injective (INJ)
Injective is a blockchain built for finance, offering an open, interoperable layer-one solution for next-generation DeFi applications. It supports decentralized spot and derivatives exchanges, prediction markets, and lending protocols.
Injective features a decentralized MEV-resistant on-chain order book and offers full on-chain trading for spot, perpetual, futures, and options markets. It is compatible with Ethereum, IBC-enabled blockchains, and non-EVM chains like Solana.
https://x.com/injective/status/1800211213663576135
The ecosystem includes over 100 global projects and 150,000 community members, backed by investors like Binance and Pantera Capital. The INJ token is used for governance, transaction fees, staking, and developer incentives. It powers the network’s protocol governance, capturing value from protocol fees and securing it through staking. INJ can be wrapped into an ERC-20 variant for use in other EVM-compatible dapps and smart contracts.
Discover how $INJ is transforming the crypto landscape with dynamic supply mechanisms and a revolutionary token burn system. Here are some key highlights from Injective’s comprehensive paper on INJ’s groundbreaking tokenomics.
1⃣Introduction
INJ, the native asset of Injective,… pic.twitter.com/h8vHVLwpv4
— Injective 🥷 (@injective) June 10, 2024
INJ now sells for $29.07, indicating a 6.93% increase in the last 24 hours. Over the past year, it has surged by 412%, besting 80% of the top 100 crypto assets. It trades 163.79% above the 200-day SMA of $11.02. Despite a 14-day RSI showing overbought conditions at 79.76, it has shown positive performance with 13 green days out of the last 30. INJ demonstrates low volatility with a 30-day volatility rate of 7%. Additionally, it maintains high liquidity with a market capitalization of $2.71 billion and a substantial 24-hour trading volume of $740.58 million.
5. Flare (FLR)
Flare is an EVM-based layer one blockchain designed to enhance blockchain utility. It provides developers decentralized access to high-integrity data from other chains and the internet. This supports new use cases and monetization models while enabling dapps to serve multiple chains with a single deployment. Flare has developed two native interoperability protocols: the State Connector and the Flare Time Series Oracle (FTSO).
The State Connector gathers event information from other blockchains and the internet for use in smart contracts on Flare. It does this securely and scalably, with independent attestation providers ensuring data validity. The FTSO delivers decentralized prices and data series to dapps on Flare without relying on centralized sources. This allows developers to build applications with broad utility.
The entire @FlareNetworks is collaborating to light up this summer…@XDFiProtocol, a non-custodial futures market, is launching its beta on June 25th.@Kinetic_Markets – first lending protocol on Flare – Just conducted a testnet event.@Rainprotocol, a unique intents-based… pic.twitter.com/BRvNp9WW08
— Flare ☀️ (@FlareNetworks) June 10, 2024
Flare’s native token, FLR, is used for payments, transaction fees, and staking in validator nodes. It can be wrapped into WFLR, an ERC-20 variant, for delegation to FTSO data providers, governance participation, and use in other EVM-compatible apps and smart contracts on Flare.
FLR value is at $0.02795, with a 3.20% increase in the last 24 hours. Over the past year, the price increased by 71%, outperforming 35% of the top 100 crypto assets. It trades 3.37% below the 200-day SMA of $0.028852. The 14-day RSI of 50.48 indicates the cryptocurrency is neutral and may trade sideways. With 11 green days in the last 30, Flare’s 30-day volatility is at 2%. Exhibiting low liquidity, it possesses a volume-to-market cap ratio of 0.0097.
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