Top Crypto Gainers Today Mar 23 – Toncoin, Gala, NEAR Protocol,  IoTeX

Navigating the exciting yet volatile cryptocurrency world requires a delicate balance of caution and opportunity. While the appeal of rising prices may attract attention, wise investors understand the importance of thorough research and a focus on long-term sustainability. 

By diversifying portfolios and staying informed, investors can seize opportunities while guarding against risks. This article aims to dive deep into today’s impressive top gainers, offering insightful research and analysis to help you confidently navigate the dynamic crypto market.

Biggest Crypto Gainers Today – Top List

Today’s four standout gainers comprise Toncoin, Gala, NEAR Protocol, and IoTeX, each poised to make notable contributions to digital currency. At $4.79 and an 8.48% surge in the last 24 hours, Toncoin powers The Open Network for fast, secure payments. Gala Games revolutionizes gaming with GALA tokens, currently trading at $0.060299, showing a 3.17% increase. NEAR Protocol, priced at $6.65, has risen by 230% in the past year, showcasing remarkable scalability. IoTeX, priced at $0.074678, surged 183% last year, fostering trust between people and machines. These coins exhibit innovation and promise in the crypto market.

1. Toncoin (TON)

Toncoin, originating from Telegram’s 2018 project, has evolved into a decentralized layer-1 blockchain under the stewardship of the TON Foundation, rebranded as “The Open Network.” It leverages a proof-of-stake consensus model to facilitate fast, transparent, and secure payment services with minimal fees. Additionally, the TON network provides diverse services to its users, including Wallets, Services, Storage, Proxy, and DNS services. These services are essential for transactions and data management in decentralized applications, contributing to seamless interaction within the blockchain ecosystem.

Toncoin’s price movements reflect its growing adoption and investor confidence in the TON ecosystem. With a current price of $4.79 and an 8.48% skyrocket in the last 24 hours, it continues demonstrating resilience and positive momentum in the market. Over the past year, Toncoin has experienced a remarkable 133% price increase, signaling strong bullish sentiment among investors. Moreover, trading significantly above the 200-day SMA indicates sustained long-term growth potential. Despite moderate volatility, Toncoin boasts high liquidity, further enhancing its appeal to investors and users alike.

🚀 April 1st. Open League S1. $115M in $TON for community rewards!

The pilot season was just a teaser – time to double down on fun & rewards with the first full season, starting Apr 1st.

Want to be part of one of the biggest Web3 events ever? This 🧵 is for you 👇 pic.twitter.com/wDOg6ZwctI

— TON 💎 (@ton_blockchain) March 20, 2024

In the latest development, the TON Foundation introduces The Open League, aiming to distribute 30 million Toncoin to competing projects and ecosystem users. This initiative, fostering community engagement and project growth, underscores Toncoin’s commitment to democratizing crypto participation and rewarding ecosystem contributors. With a focus on simplicity, fun, and rewarding experiences, The Open League embodies Toncoin’s vision of making crypto accessible to all.

2. Gala (GALA)

Gala Games, initiated by leading game developers, aims to revolutionize gaming through Web3 and blockchain technology, shifting from traditional models that demand constant player spending. With a commitment to putting games first, Gala offers AAA-level games, many free-to-play, providing players with unprecedented freedom, control, and rewards.

The GALA token is the cornerstone of Gala Games, serving multiple crucial functions within the project. It is the primary currency for purchasing NFT items, rewarding Founder’s Node operators, and covering network fees. With 50% of GALA emission allocated daily to Founder’s Node operators and the remaining 50% designated for future ecosystem growth and project funding, Gala Games ensures a balanced approach to sustainability and innovation. This also incentivizes network participation while fostering long-term development, ultimately contributing to the vibrant and expanding Gala Games ecosystem.

Big news, Galaxians! We're partnering with @gemsgg_official to bring GalaChain into the heart of esports. Get ready for an epic fusion of gaming and web3! 🎮💥 #GalaChain #GemsEsports #Web3Gaminghttps://t.co/ncYuxNxaiu

— Gala Games (@GoGalaGames) March 21, 2024

GALA’s price currently stands at $0.060299, marking a 3.17% increase in the last 24 hours, with a 47% increase over the past year. GALA, trading well above the 200-day SMA at $0.024292, demonstrates moderate volatility and high liquidity, boasting a volume-to-market cap ratio of 0.3069. Despite recent fluctuations, it maintains a neutral stance, indicated by a 14-day RSI of 34.39, with 57% of the last 30 days being positive. Overall, its performance metrics align with its vision of empowering gamers within the Web3 gaming ecosystem.

3. eTukTuk (TUK)

eTukTuk is a blockchain-based project that will revolutionize transportation infrastructure, particularly in developing countries. At its core, it endeavors to establish a sustainable charging ecosystem powered by blockchain technology. It seeks to address the pressing need for reliable and environmentally friendly transportation solutions.

Furthermore, it aims to minimize traffic congestion and fuel consumption through AI-driven optimization, promoting sustainable transport practices. Additionally, integrating smart infrastructure will bolster reliability and eco-friendliness within the eTukTuk ecosystem. These measures align with the project’s mission of fostering real-time green initiatives.

In addition to its core transportation initiatives, eTukTuk introduces a captivating play-to-earn game based on its flagship eTukTuk vehicle. This innovative approach engages users in an entertaining gaming experience. It also serves as a platform to showcase the capabilities and functionalities of eTukTuk vehicles.

We've hit a major milestone, raising $2M in our pre-sale!

Thanks to our incredible community for your support.

Rest assured, these funds will fuel our mission for a sustainable future 🚀https://t.co/4kiTWB8U8Z

— eTukTuk (@eTukTukio) March 20, 2024

The $TUK token is the backbone of this project, facilitating financial transactions and driving advancements in AI-driven efficiency and eco-friendly innovations. With promising initial funding, eTukTuk has already raised $2,406,643.07 out of $2,679,353. Additionally, a current price of 1 $TUK = $0.029 presents a compelling investment opportunity for those seeking to support sustainable transportation initiatives while potentially reaping long-term rewards.

Visit eTukTuk Presale

4. NEAR Protocol (NEAR)

NEAR Protocol is a pioneering layer-one blockchain platform aiming to overcome traditional blockchain limitations and foster community-driven innovation. Led by the NEAR Collective, it endeavors to create a developer-friendly ecosystem where decentralized applications thrive. Its unique approach includes features like human-readable account names and a streamlined onboarding process, making blockchain technology more accessible to users.

At the core of NEAR’s uniqueness lies its Nightshade technology, a groundbreaking solution that significantly enhances transaction throughput. By leveraging Nightshade, NEAR achieves remarkable scalability, processing up to 100,000 transactions per second with near-instant finality. This innovation sets NEAR apart from its competitors, offering unparalleled performance while reducing transaction fees. Additionally, it provides developers with modular components, enabling rapid deployment of projects such as token contracts and NFTs.

Six shards.

Now live on NEAR Protocol.

The coolest part? Developers and users didn't even realise it happened 🪄 pic.twitter.com/qzeAejJHA6

— NEAR Protocol (@NEARProtocol) March 21, 2024

NEAR Protocol demonstrates robust price movements, reflecting its growing prominence in blockchain. With a current price of $6.65 and a 230% surge in the past year, NEAR exhibits strong market dynamics. Moreover, trading 315.96% above the 200-day SMA and boasting 16 green days out of the last 30 trading days showcases its resilience and positive market sentiment. With high liquidity, evidenced by a volume-to-market cap ratio of 0.1718, NEAR is a formidable force driving innovation and shaping the future of decentralized applications.

5. IoTeX (IOTX)

IoTeX began as an open-source project in 2017, aiming to establish a decentralized platform fostering trust between people and machines. With a global team of over 40 research scientists and engineers, it developed an EVM-compatible blockchain using the innovative Roll-DPoS consensus, launched in April 2019. This blockchain, facilitated by 100+ delegates worldwide, has processed over 10 million transactions. IoTeX enhances scalability by connecting with Ethereum, BSC, and Heco blockchains through infrastructures like ioPay wallet and ioTube bridge, serving tens of thousands of users.

Additionally, IoTeX integrates middleware such as Decentralized Identity and Secure Hardware, enabling the creation of self-sovereign devices like Ucam and real-world data oracles like Pebble. Ucam, deployed in over 3000 households, ensures privacy, while Pebble, launched to more than 300 developers, connects physical and crypto worlds for innovative applications. IoTeX is a decentralized backbone for machine economics, offering flexibility and scalability for various applications through its blockchain, middleware, and Dapps.

🚨 Testing ongoing on the upcoming #IoTeX core release 1.14 which supports IIP-24 (1000 TPS).

The bottom left diagram shows the Finalized TPS consistently hitting 1000!! 🚀 The #IoTeX layer-1 will be the second fastest EVM chain: The perfect home for #DePIN projects who need a… pic.twitter.com/HvUXbJAAVd

— IoTeX Developers (@iotex_dev) March 22, 2024

IoTeX’s native coin, IOTX, serves as the lifeblood of its blockchain, governing protocol operations and fueling transactions. IOTX soared by 6.75% in the last 24 hours, trading at $0.074678. Over the past year, it has witnessed an impressive 183% price increase, trading at a notable 75.11% above the 200-day SMA. These metrics signify moderate volatility and underscore IoTeX’s robust liquidity, evident in its volume-to-market cap ratio of 0.1456, promising continued growth and stability in the ever-evolving crypto ecosystem.

While today’s focus has been on the top crypto gainers, recent events in the global market are demanding attention, particularly with Bitcoin’s tumble below $63,000 during the U.S. session on Friday, sparking a broader sell-off in the crypto sphere. Despite expert forecasts, uncertainty prevails as U.S.-listed spot bitcoin ETFs endure days of consecutive outflows, raising concerns about market resilience and investor sentiment.

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