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Bitcoin’s weekend trading has dropped to a record low of 16% this year, down from 28% in 2019, due to the rise of Bitcoin ETFs. Approved by the SEC in early 2024, these ETFs have driven Bitcoin to a record high of $73,798 in March. Unlike traditional crypto exchanges, Bitcoin ETFs follow the stock market schedule, eliminating weekend trading and reducing price volatility, aligning Bitcoin’s trading patterns more with traditional equities.
The collapse of crypto-friendly banks like Silicon Valley Bank in March 2023 lowered weekend trading volumes. Without 24/7 payment networks, market makers are less inclined to provide weekend liquidity. This shift reflects Bitcoin’s maturation as an asset, with volatility dropping to 40% after its March peak, compared to over 106% during previous highs.
Biggest Crypto Gainers Today – Top List
As Bitcoin’s market structure evolves into a more stable and predictable investment, other cryptocurrencies are making remarkable strides. Kaspa leads the pack with a 5.82% 24-hour increase and an impressive 633% annual rise, supported by robust liquidity and low volatility. Rollbit Coin follows with a notable 9.35% surge over the past 24 hours and a 141% annual increase, although it faces challenges with lower liquidity.
Arweave stands out with a 2.53% daily gain and a 405% annual rise, coupled with high liquidity and significant growth above its 200-day SMA. WEMIX shows steady progress with a 4.43% 24-hour increase and a 124% annual rise, backed by medium liquidity and moderate volatility. Learn the dynamic potential of the crypto market by reading below for more details on each of these top gainers.
1. Kaspa (KAS)
Kaspa is a proof-of-work (PoW) cryptocurrency that utilizes the innovative GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG allows parallel blocks to coexist and orders them in consensus, creating a blockDAG. This unique structure supports very high block rates and fast confirmation times, with the current network processing one block per second.
Kaspa’s ability to maintain high block rates while ensuring robust security makes it stand out. The network aims to achieve even higher rates, targeting ten or even 100 blocks per second. Its unique monetary policy reduces emissions geometrically, based on a chromatic scale, with the block reward halving smoothly each month. Kaspa is secured by miners using the k-Heavyhash algorithm, ensuring compatibility with future Photonic miners and maintaining a secure, scalable network.
Kaspa, currently priced at $0.190614, surged 5.82% in the last 24 hours and exhibited impressive market liquidity with a volume-to-market cap ratio of 0.0946. Unlike Rollbit Coin’s low liquidity, Kaspa’s strong trading activity supports its $4.52B market cap. With an RSI of 54.20, it remains neutral territory, suggesting potential sideways trading.
Congrats, @kasplex on your latest update before Open Beta, tomorrow. The community looks forward to the #KRC20 ecosystem! https://t.co/bbjcAwOZIE pic.twitter.com/44kdTU7dz5
— Kaspa (@KaspaCurrency) June 29, 2024
Kaspa has had 16 green days in the last 30, outperforming both WEMIX Token and Rollbit Coin in positive days. Its volatility is a manageable 8%, indicating relative stability. Trading 199.36% above its 200-day SMA, Kaspa has significantly outpaced its peers. Over the past year, Kaspa’s price skyrocketed by 633%, outperforming 94% of the top 100 crypto assets, starkly contrasting to Arweave’s 405% rise.
2. Rollbit token (RLB)
Rollbit Coin is a utility token for the Rollbit platform, a popular crypto casino and trading site. RLB enhances user experience by offering increased rakeback and reduced trading fees.
RLB has multiple uses within the Rollbit ecosystem. Users stake RLB to join the lottery and share the platform’s profits. Staking also reduces trading fees and increases rakeback, promoting active trading and participation. Additionally, RLB’s integration into the platform’s liquidity pools facilitates smoother transactions and enhances trading efficiency.
Security is reinforced by regular audits and staking practices. This comprehensive approach ensures the safety and value of RLB, fostering a robust and secure environment for users. The platform’s impressive traction, with over 1 million users and $5 billion wagered, underscores RLB’s potential value and utility.
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— Rollbit (@rollbitcom) June 29, 2024
Rollbit Coin, now at $0.083492, surged 9.35% in the last 24 hours but faced low liquidity with a volume-to-market cap ratio of 0.0043, the weakest among the top gainers. Its RSI of 70.31 signals it is currently overbought, unlike Kaspa, which is neutral. Despite this, Rollbit Coin’s annual increase of 141% outpaces WEMIX.
However, with 12 green days in the past month, it trails behind Kaspa’s 16 green days. Its 10% volatility indicates relatively stable price movements, akin to WEMIX Token. Currently trading 37.28% below its 200-day SMA, Rollbit Coin shows a significant divergence from the upward trends seen in Kaspa.
3. Base Dawgz (DAWGZ)
Base Dawgz is a meme coin gaining traction in the cryptocurrency market, having raised over $2.2 million shortly after its launch. As the meme coin sector rebounds, investors are eyeing Base Dawgz as a promising contender to surpass established tokens potentially. The $DAWGZ presale, starting at $0.00479 and now at $0.005534, highlights its rapid growth and investor interest.
The key utility of $DAWGZ lies in its extensive use across multiple blockchains, thanks to Wormhole and Portal Bridge technology. This allows the token to be minted on Base and traded across Ethereum, Solana, Binance Smart Chain, and Avalanche.
https://twitter.com/BaseDawgz/status/1807288551886750167
Such interoperability enhances liquidity and makes trading seamless across various platforms, fostering active participation and potential gains for traders. Additionally, $DAWGZ aims to capitalize on the Base chain community’s growth, posing a significant challenge to Solana’s dominance in the meme coin space.
Security and community engagement are pivotal to Base Dawgz’s strategy. The platform undergoes regular audits, with its smart contract fully audited by Solid Proof, ensuring a secure user environment.
Moreover, Base Dawgz incentivizes its community through a social rewards program, encouraging members to share content and earn points for more $DAWGZ tokens. This approach, coupled with the backing of Coinbase’s vast user base and prominent endorsements, positions Base Dawgz as a strong candidate for significant growth and impact in the meme coin market.
4. Arweave (AR)
Arweave revolutionizes data storage by offering a decentralized network for indefinite data retention. Known as “a collectively owned hard drive that never forgets,” Arweave powers the “permaweb,” a permanent, decentralized web hosting various community-driven applications. Users utilize AR, the network’s native cryptocurrency, to pay miners for securely storing their data indefinitely.
Arweave’s innovative “blockweave” technology sets it apart. Each block in the network links to the previous one and a random earlier block. This “proof-of-access” consensus algorithm ensures data security and incentivizes miners to store more information. Miners must access old blocks to add new ones, fostering a robust and sustainable ecosystem. This design guarantees data permanence and encourages long-term data sharing across generations.
AR, priced at $27.76, saw a 2.53% rise in the last 24 hours. It boasts high liquidity with a volume-to-market cap ratio of 0.0689, closely following Kaspa’s robust liquidity. With an RSI of 41.65, Arweave is neutrally poised for sideways trading, comparable to Rollbit Coin. Over the last 30 days, it had 13 green days, surpassing Rollbit Coin but falling short of Kaspa’s positive trend.
ARNS names are now supported on https://t.co/3S12ndZ16m!
This means that you can buy an ARNS name via @aoTheComputer and access its Arweave data at a subdomain on _any_ of Arweave's hundreds of gateways.
No more '.dev' in @ArweaveEco links. Congrats @ar_io_network 🫡 https://t.co/sGaNMEKTOW
— 🐘🔗 sam.arweave.dev (@samecwilliams) June 28, 2024
Arweave’s volatility is the highest among the group at 21%, reflecting more price fluctuations. Trading 335.86% above its 200-Day SMA, Arweave demonstrates significant growth, mirrored in its impressive annual increase of 405%, outpacing 83% of the top 100 crypto assets and rivalling the gains seen by Kaspa.
5. WEMIX (WEMIX)
WEMIX is a dynamic decentralized blockchain protocol that powers a vibrant Web 3.0 mega-ecosystem. Built on a high-performance, Ethereum Virtual Machine (EVM)-compatible open-source protocol, it utilizes a Stake-based Proof of Authority (SPoA) consensus mechanism. It supports platforms like WEMIX Play, NILE, WEMIX.Fi, and WEMIX Wallet, offering diverse services in gaming, decentralized finance (DeFi), and community projects.
Recently, WEMIX saw a notable increase in token value, fueled by the anticipation of the “Brioche Hard Fork” on July 1st. This update will enhance tokenomics by burning 435 million WEMIX tokens, reducing the supply and shifting WEMIX from foundation-driven to community-driven. Additionally, the upgraded WEMIX PLAY will link ecosystem performance directly to tokenomics, ensuring the platform and its users benefit from growth.
WEMIX, priced at $1.431448, increased by 4.43% in the last 24 hours. It has medium liquidity with a volume-to-market cap ratio of 0.0122, lagging behind Kaspa’s high liquidity but surpassing Rollbit Coin’s low liquidity. With an RSI of 68.17, WEMIX is on the brink of being overbought, contrasting sharply with Arweave’s more neutral RSI of 41.65.
Transforming WEMIX 💫 Brioche Hard Fork & Mass Burn
🔽 What to expect 🔽
1️⃣ Change in minting quantity
2️⃣ Burning of reserved WEMIX
3️⃣ Scheduled allocation#WEMIX empowering community-driven growth 📢 https://t.co/VeNW9EPFb2 pic.twitter.com/2rZmdbY5Hk— WEMIX (@WemixNetwork) June 25, 2024
Despite having fewer green days (12 out of 30) than Kaspa, WEMIX still managed a strong yearly increase of 124%, outperforming 66% of the top 100 crypto assets, placing it ahead of Rollbit Coin but behind Kaspa. Its volatility at 12% is moderate, and it is trading just 0.71% above its 200-day SMA, indicating a recent return to bullish territory.
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