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Bitcoin and Ether took a sharp dive during trading hours on Tuesday, driven by profit-taking and substantial outflows from U.S.-listed Bitcoin ETFs. Bitcoin plunged to nearly $66,500, wiping out all of Monday’s gains, while Ether sank to $3,400, erasing last week’s progress.
Leading the losses, Dogecoin and Solana’s SOL nosedived up to 9%. The CoinDesk 20 index, a barometer for the largest tokens, slid 4.2%, highlighting broad-based declines. It’s little wonder the crypto market faces bearish sentiment and a strengthening dollar, adding to the pressure on digital assets.
Biggest Crypto Gainers Today – Top List
Amid the downturn, today’s top crypto gainers stand out resiliently. Aelf surged by 17.96%, fueled by its innovative AI integration and modular blockchain architecture. Similarly, WEMIX rose by 2.90%, leveraging its diverse ecosystem and strong governance.
Zeebu, marking a 0.79% increase, highlights its efficient, secure blockchain platform for Telecom Carriers. Lastly, XRP gained 0.48%, underpinned by its low-cost, fast-settlement network and robust applications in payments and tokenization. Now, let’s delve deeper into each, exploring the investment opportunities they present.
1. Aelf (ELF)
Aelf is a leading Layer 1 blockchain platform designed for unlimited scalability through its modular systems, parallel processing capabilities, cloud-native architecture, and innovative multi-sidechain technology. It stands out in the blockchain industry by pioneering the integration of artificial intelligence, making it a self-evolving and more innovative ecosystem.
Developers can utilize Aelf’s robust development environment to build, integrate, and deploy smart contracts and decentralized applications (dApps). The platform supports a native C# software development kit (SDK) and languages like Java, JavaScript, Python, and Go. This versatility facilitates many applications, contributing to a flourishing ecosystem. Furthermore, the native ELF token is pivotal in overcoming scalability challenges, executing transactions efficiently, and fostering the adoption of new technologies.
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From June 18 to July 2, participate in our Zealy campaign and win $ELF!💰 Unlock greater rewards as you complete more tasks!🎁
🔗 Start your journey now on Zealy and help us grow our… pic.twitter.com/CLmjgJjfBl
— ælf (@aelfblockchain) June 18, 2024
Its price is $0.429063, reflecting a 17.96% increase over the last 24 hours and a 65% surge in the past year. Despite this growth, ELF is trading 19.89% below its 200-day simple moving average (SMA) of $0.53559. Also, in the last 30 days, it experienced only nine green days, with volatility relatively low at 9%.
The 14-day Relative Strength Index (RSI) is at 31.40, indicating neutral market conditions and potential for sideways trading. Aelf demonstrates high liquidity, with a volume-to-market cap ratio of 0.0913, indicating active trading and sufficient liquidity to support market movements.
2. WEMIX (WEMIX)
WEMIX is a decentralized blockchain protocol that powers a mega-ecosystem of Web 3.0 platforms. It’s an experience-based, platform-driven, and service-oriented system. This high-performance protocol is compatible with Ethereum Virtual Machine (EVM) and uses the SPoA (Stake-based Proof of Authority) consensus mechanism. It offers top security through decentralized on-chain governance by 40 Node Council Partners (NCP), also known as 40 WONDERS, ensuring high transactions per second (TPS).
The ecosystem includes key platforms that collectively contribute to its growth and expansion. WEMIX Play is a gaming platform, while NILE is a DAO-powered community platform. WEMIX.Fi offers DeFi services, and WEMIX$ is a stablecoin protocol. The WEMIX Wallet is non-custodial, giving users control over their private keys.
WEMIX, the native coin of the WEMIX mega-ecosystem, serves as a medium of exchange and payment method for gas fees. Each new block creates one WEMIX coin. Currently, it is valued at $1.062001, having increased by 2.90% in the last 24 hours. Over the past year, the price surged by 48%, outperforming 37% of the top 100 crypto assets.
💥 Wepublic’s game-changing update 💥
📢 Choose your fundraising method with #WEMIX
📢 Enjoy improved convenience through DAO member transfers
📢 Embrace transparency with expenditure detailsTraverse the new era of sponsorship with Wepublic 🤩 https://t.co/HcuFIIfI8S pic.twitter.com/8VgPeQxYbB
— WEMIX (@WemixNetwork) June 14, 2024
Despite this growth, it trades 25.90% below its 200-day SMA of $1.41815. Also, the 14-day RSI is at 68.17, indicating a neutral market, and in the last 30 days, it had ten positive days. However, with a 30-day volatility rate of 10%, WEMIX also has high liquidity, supported by a market cap of $378.90M and a 24-hour volume of $13.15M.
3. PlayDoge (PLAY)
PlayDoge is making waves as one of the most anticipated meme coin launches this year. Combining ’90s video game nostalgia with the fun of internet meme culture, PLAY has created a unique Play-to-Earn ecosystem. Players adopt a virtual “Doge” pet and earn PLAY tokens by keeping it healthy and happy through feeding and playing 8-bit mini-games.
New High Score ✅
We've just blasted through $4.5M in the $PLAY #Presale! 🚀
Get your hands on some $PLAY at this price while you can. 🤩
The next price increase is coming very soon!⏳🔥
BUY NOW – Link in Bio!#PlayDoge #MemeCoin #P2E #BNB #ETH pic.twitter.com/2Xx72kB8kG
— PlayDoge (@PlayDogeGame) June 17, 2024
This simple yet addictive concept has captured the imagination of many, leading PlayDoge to surpass the $4.5 million milestone in its presale. Once the presale concludes, it plans to list the token on a top-tier DEX, where market dynamics will determine its value. Analysts are optimistic, suggesting that PLAY could see significant gains once it hits decentralized exchanges (DEXs).
The PlayDoge platform offers more than just fun and games. It also provides substantial financial incentives through its staking mechanism. Players can stake their PLAY tokens to earn an impressive annual percentage yield (APY) of 164% through newly introduced multi-chain staking protocols on both the BNB Smart Chain and Ethereum.
This high yield and the token’s utility within the gaming ecosystem have driven substantial early investment. Investors can purchase PLAY tokens at $0.00509 each during the presale. However, this price is set to rise soon, further incentivizing early participation.
4. Zeebu (ZBU)
Zeebu is the world’s first loyalty token designed for Telecom Carrier Businesses. This ERC 20 utility token incentivizes and rewards carriers within the Zeebu ecosystem. It aims to enhance telecom carriers’ bottom lines by offering loyalty benefits and significantly lowering invoice costs.
The platform leverages blockchain technology to create a more efficient, secure, and transparent ecosystem for voice traffic exchange. Through smart contracts and DeFi protocols, Zeebu ensures secure and efficient transactions, improving carrier interactions and transactions globally.
Security is a top priority for Zeebu, and it integrates robust technological and procedural safeguards. Enterprise-grade security protocols protect against cyber threats, while on-chain asset settlement ensures transparent transaction recording on the blockchain. Smart contract validation automates agreement execution in a secure, tamper-proof manner. Additionally, Zeebu employs encryption, KYC procedures, and secure identity verification to prevent fraud and unauthorized access.
🚀 Leading the charge in telecom billing innovation: Zeebu at your service!
We're revolutionizing the way telecom carriers handle their billing processes, bringing efficiency, transparency, and speed to every transaction. With Zeebu, you can streamline your billing operations,… pic.twitter.com/cKeQZ3I91s
— Zeebu (@zeebuofficial) June 14, 2024
As of today, Zeebu’s valuation is $4.77, reflecting a 0.79% increase in the last 24 hours and an 11.9% rise over the last 30 days. The 14-day RSI is at 51.97, suggesting the cryptocurrency is currently neutral and may trade sideways. Zeebu had 21 green days out of the last 30, accounting for 70% of the period. With 30-day volatility at a low 3%, Zeebu shows price stability. However, it has medium liquidity, shown in a volume-to-market cap ratio 0.0218.
5. XRP (XRP)
XRP Ledger (XRPL) is an open-source, permissionless, decentralized technology. It offers low-cost transactions at $0.0002 each, fast settlement within 3-5 seconds, and scalability at 1,500 transactions per second. The carbon-neutral and energy-efficient network includes decentralized exchange (DEX) and custom tokenization capabilities.
XRPL supports various payment applications, including micropayments, DeFi, and NFTs. It offers powerful utility for enterprises and developers using Python, Java, and JavaScript. XRPL and its native coin, XRP, address remittance and asset tokenization inefficiencies. The main applications are payments, tokenization, DeFi, CBDCs, and stablecoins.
Archax and @Ripple announce an extension to our existing collaboration, expected to bring hundreds of millions of dollars of tokenised real world assets #RWAs onto #XRPL over the coming year.
Read more: https://t.co/NZfFV0x86B#tokenisation #blockchain #realworldassets $XRP pic.twitter.com/CNQoj15VqI
— Archax (@ArchaxEx) June 13, 2024
Unlike Bitcoin or Ethereum, the network uses a Federated Consensus mechanism to validate transactions. Validators agree on the order and outcome of transactions, ensuring transparency and security. Over 150 validators operate on the ledger, run by universities, exchanges, businesses, and individuals worldwide. This mechanism prevents a single point of failure and ensures all verified transactions are processed efficiently.
XRP is priced at $0.490042, with a 0.48% increase in the last 24 hours. However, the price has decreased by 1.5% over the past year and is trading 11.22% below its 200-day SMA of $0.552069. The 14-day RSI is 39.49, indicating a neutral market. Notably, in the past 30 days, 43% of the days were positive, with low volatility at 4%. Additionally, XRP has high liquidity, boasting a market cap of $27.17B and a 24-hour volume of $3.63B.
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