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Cryptocurrency markets are on edge as July approaches, with JPMorgan warning of potential turbulence from Mt. Gox creditors. The defunct Bitcoin exchange is set to repay creditors next month, releasing a staggering 142,000 Bitcoin worth approximately $9 billion. Concerns loom that these creditors might swiftly liquidate their holdings, triggering market volatility.
This concern is bolstered by recent actions seen among Gemini creditors, who have reportedly begun selling off received crypto assets. JPMorgan’s analysis indicates that if similar sell-offs occur among Mt. Gox creditors in July, it could lead to a temporary market downturn followed by a potential recovery in August.
Biggest Crypto Gainers Today – Top List
In today’s bustling crypto space, standout performers are making waves. Moonbeam shines with its Ethereum-compatible infrastructure on Polkadot, offering robust tools for developers and a steady 13.37% price surge. Avalanche accelerates with its high-speed blockchain, boasting a 9.94% increase and seamless integration with Ethereum-based projects.
Meanwhile, Raydium’s unique market-making strategies on Solana propel it forward with an 8.01% rise. Flux innovates with decentralized computational networks, reflecting a 7.65% gain. These top gainers demonstrate impressive gains and showcase diverse technological advancements, making them pivotal players in today’s crypto market narrative.
1. Moonbeam (GLMR)
Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot. It is designed to simplify using popular Ethereum developer tools for building or redeploying Solidity projects in a Substrate-based environment. It mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, and logs.
Moonbeam extends the base Ethereum feature set with on-chain governance, staking, and cross-chain integrations. It allows developers to connect with tools like MetaMask and Hardhat and tap into integrations on Polkadot. Furthermore, this project also allows developers to create new decentralized applications with minimal changes.
Moonbeam’s utility token, Glimmer (GLMR), enables network participation through decentralized governance, allowing holders to propose referenda, vote, and elect council members. Secured by Polkadot’s shared security model and sharded design, Moonbeam benefits from enhanced scalability and robustness. Its nominated proof-of-stake consensus mechanism and community involvement in governance further strengthen its security.
Today, @diode_chain, a new DePIN project building on Moonbeam, is stepping into the #Moonrise spotlight 🌕
Diode is a Web3-native, secure, and decentralized alternative to communication apps like Discord and Slack, which use centralized servers.
🫵 Thank me later 👇 https://t.co/4uaqzF1I5u
— Moonbeam Network (@MoonbeamNetwork) June 27, 2024
GLMR’s price is $0.227509, marking a 13.37% surge in the last 24 hours. With a volume-to-market cap ratio of 0.2049, it demonstrates high liquidity. The RSI of 67.06 indicates neutrality, suggesting potential sideways trading. Over the past 30 days, it had 13 green days (43%), showing a moderate positive trend.
Its 30-day volatility is relatively low at 17%, trading 14.36% below its 200-day SMA of $0.265646. Over the past year, Moonbeam’s price decreased by 9%, lagging behind many other top 100 crypto assets, surpassing only 12%. In contrast to Avalanche and Raydium, Moonbeam shows less impressive performance but maintains a relatively stable position with high liquidity.
2. Avalanche (AVAX)
Avalanche is a layer-one blockchain platform that supports decentralized applications (dApps) and custom blockchain networks. It rivals Ethereum by offering up to 6,500 transactions per second. The Avalanche ecosystem integrates Ethereum-based projects like SushiSwap and TrueUSD, enhancing interoperability with Ethereum through bridge development.
Its unique architecture has three blockchains: the X-Chain, C-Chain, and P-Chain. This setup improves scalability and speed without compromising security. The X-Chain uses a directed acyclic graph (DAG) protocol for fast transaction finalization. The C-Chain and P-Chain use the Snowman consensus for smart contracts and validator coordination.
Avalanche’s subnets enable custom blockchain development with specific validator requirements. They support both public and private blockchains while maintaining high throughput and decentralization. Avalanche is a top choice for developers needing high performance and versatility in blockchain projects.
AVAX’s price is $28.05, reflecting a 9.94% increase in the last 24 hours. It also enjoys high liquidity with a volume-to-market cap ratio of 0.0682. Its RSI of 73.86 signals that the gainer is overbought, potentially foreshadowing a price drop. It has shown a mixed performance, with 11 green days in the past 30 days.
Chainlink Data Streams launched on Avalanche through @GMX_IO V2, powering its perpetual futures protocol and bringing an all-in-one low-latency data solution to the ecosystem.
More on @chainlink Data Streams ⬇️https://t.co/uWUehHWK2z
— Avalanche 🔺 (@avax) June 27, 2024
The 30-day volatility is low at 13%, trading significantly above its 200-day SMA by 78.23%, highlighting strong bullish momentum. Over the past year, Avalanche’s price increased 128%, eclipsing 65% of the top 100 crypto assets. While it shows a higher potential for immediate correction due to being overbought, its strong yearly performance sets it apart from Moonbeam and Flux.
3. Pepe Unchained (PEPU)
Pepe Unchained has surged past $1 million in its presale, marking a robust rise in investor interest. This meme coin is set to unveil its Ethereum layer-2 (L2) blockchain, promising to transform the scalability and transaction speeds that have plagued Ethereum’s main blockchain. As Ethereum fees soar amidst growing demand, Pepe Unchained’s L2 solution couldn’t come at a better time for savvy investors looking to avoid hefty transaction costs and delays.
🚀 $1,000,000 raised! 🚀
The ultimate chain is broken. From here on, we’re taking it to the next level. Get ready for the ultimate Layer 2 this summer. 🐸⛓️🧠 pic.twitter.com/tS2JSi8rHq
— Pepe Unchained (@pepe_unchained) June 27, 2024
PEPU offers a lucrative staking opportunity with a remarkable 2,017% Annual Percentage Yield (APY) for participants in its current presale. It allocates 20% of its token supply to the presale, aiming for a strong early investor base and initial liquidity. Staking begins during the presale, utilizing 30% of tokens to reward long-term holders.
The project leverages Pepe branding with 20% for marketing, 10% for liquidity on decentralized exchanges, 10% for project financing, and 10% for developing the Pepe Unchained L2 blockchain, enhancing visibility and ensuring robust growth.
PEPU tokens are currently priced at $0.0081288 each, and a price hike is expected within the next two days. Potential buyers are encouraged to promptly secure favorable rates before the increase. PEPU tokens can be purchased conveniently on the official website using ETH, USDT, BNB, or a bank card, ensuring swift access to this promising investment opportunity.
4. Raydium (RAY)
Raydium is an innovative automated market maker (AMM) and liquidity provider on the Solana blockchain. It integrates seamlessly with the Serum decentralized exchange (DEX). Unlike traditional AMMs, Raydium converts liquidity into limit orders on Serum’s order books. This provides liquidity providers (LPs) access to Serum’s extensive order flow and liquidity.
The RAY token is used to stake and earn protocol fees, secure allocations for initial DEX offerings (IDOs), and participate in governance decisions. Raydium’s unique approach and robust ecosystem make it a key player in the DeFi space.
RAY tokens’ security is enhanced by their deployment on the secure Solana blockchain and thorough third-party security audits. They are available on various exchanges, allowing users to participate in liquidity provision, staking, and governance.
Built on top of Raydium🤝 https://t.co/eMI8TgxKev
— Raydium (@RaydiumProtocol) June 26, 2024
Raydium is priced at $1.641148, experiencing an 8.01% rise in the last 24 hours. Its liquidity is robust, with a volume-to-market cap ratio of 0.0413. The RSI of 72.78 suggests it is currently overbought, similar to Avalanche, indicating a possible price decline. Raydium has seen 14 green days (47%) in the last 30 days, indicating a strong positive trend.
Its 30-day volatility is notably low at 8%, trading a substantial 455.26% above its 200-day SMA of $0.295563. Over the past year, Raydium’s price has skyrocketed by 668%, surpassing 94% of the top 100 crypto assets. Although not the highest gainer in today’s top performers, Raydium is the best in overall market analysis, exhibiting exceptional growth and stability.
5. Flux (FLUX)
Flux is a cryptocurrency that powers the Flux ecosystem, enabling a decentralized Web3 future. It is used to purchase resources, collateralize nodes, fuel transactions on FluxOS, and reward miners and FluxNode operators.
The ecosystem includes a native minable POW cryptocurrency and a decentralized computational network. It also features FluxOS (a Linux-based operating system), the Zelcore digital asset platform, and the Flux blockchain for governance and DeFi access.
Flux stands out for its commitment to true decentralization, ensuring 100% uptime with no single point of failure. It leverages Proof of Useful Work (PoUW) to solve real-world problems, from encoding videos to aiding machine learning research. Flux’s unique parallel assets allow interoperability with other blockchains, enhancing utility and creating arbitrage opportunities. The network, supported by nearly 15,000 nodes worldwide, partners with major firms like Lumen Technologies and OVHcloud.
Flux has launched #FluxEdge Alpha! Transforming decentralized computing and harnessing global computational power!
Check out the press release.
Read More:
Or try it out! – https://t.co/QTWfVzT9lH #TechInnovation #FluxEdge #MustRead #Ai #Flux pic.twitter.com/nBuRtF50Z6
— Flux-Web3 Cloud (@RunOnFlux) June 26, 2024
Flux’s current value is $0.667425, up 7.65% in the last 24 hours. It shows medium liquidity with a volume-to-market cap ratio of 0.0264. The RSI of 59.63 indicates neutrality, suggesting potential sideways movement. Over the past 30 days, Flux had 11 green days (37%), reflecting a moderate positive trend.
Its 30-day volatility is relatively low at 18%, trading 49.88% above its 200-day SMA of $0.445299. Over the past year, Flux’s price increased by 52%, outperforming 40% of the top 100 crypto assets. While it shows moderate growth compared to Raydium and Avalanche, Flux’s performance is relatively better than Moonbeam’s, highlighting its potential for steady gains.
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