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Have you ever pondered what propels the progressive world of cryptocurrency? With the total crypto market capitalization soaring to a staggering $2.65 trillion, it’s hard not to be awestruck by the sheer momentum of this digital domain. Bitcoin leads the charge, surging to $69,926 after a remarkable 3.98% spike in the last 24 hours, highlighting the dynamic nature of the market.
The market sentiment remains bullish in this flurry of activity, with a crypto Fear & Greed Index hovering at 75 (Greed). 88% of cryptocurrencies have experienced gains in value, indicating the optimism pervading the market. Certain digital assets stand out among the top gainers within these gainers, offering investors lucrative opportunities for growth and wealth accumulation.
Biggest Crypto Gainers Today – Top List
Today’s analysis reveals remarkable increases and notable achievements, each coin marking significant milestones in its trajectory. Ankr Network has surged by an impressive 12.52%, while Akash Network and Illuvium have experienced notable spikes of 7.63% and 9.57%, respectively. Meanwhile, Arweave has showcased a remarkable 13.85% rise. These substantial gains underscore the compelling growth prospects and dynamic potential inherent in the cryptocurrency domain. Join us as we go into each of these top gainers’ numerical prowess and winning qualities.
1. Ankr Network (ANKR)
Ankr is a decentralized blockchain infrastructure provider, supporting over 50 Proof-of-Stake networks worldwide. Its multi-chain tools, including APIs and staking solutions, drive Web3 development. The ANKR token, essential for transactions and governance, is available across various networks.
With each passing hour, ANKR charts its journey, marking an increase of 12.52% in the last 24 hours, reflecting a vibrant market. Over a year, its value has risen by 55%, showcasing its robust growth. Currently towering at $0.050217, it is trading above the 200-day SMA at $0.029509, a testament to its enduring strength in the market. Despite facing challenges in liquidity, with a volume-to-market cap ratio of 0.3803, Ankr exhibits unwavering resilience amidst market fluctuations.
Ankr recently announced an expansion of its Decentralized Physical Infrastructure Networks (DePIN), forging partnerships with leading Ultra Sound Infrastructure providers. This initiative aims to enhance network performance and decentralization, addressing gaps in node resources. Through collaborations with providers like IoTex and Tencent Cloud, Ankr strengthens its infrastructure, supporting diverse blockchain applications.
https://twitter.com/ankr/status/1772285083904340139
The expansion significantly enhances Ankr’s Remote Procedure Call (RPC) service. It ensures greater node accessibility and utilization of high-performance archive nodes, filling geographic voids in node resources for wider coverage. With a steadfast commitment to decentralizing the web, Ankr invites stakeholders to participate in constructing a secure, efficient digital future.
2. Akash Network (AKT)
Akash Network is a decentralized cloud computing marketplace that connects users seeking computing resources with providers leasing their capacity. Offering flexibility, usability, and cost-efficiency, users can seamlessly switch between cloud providers. By leasing unused capacity, individuals earn revenue in digital assets, fostering a mutually beneficial ecosystem.
Utilizing a peer-to-peer protocol, Akash Network distributes workloads proportionally via Docker containers, ensuring secure and configurable deployments. Employing a DPoS consensus mechanism, bidding occurs for available resources akin to a virtual machine environment. Notably, Akash stands out by facilitating efficient transitions between cloud providers and delivering cost-effective services compared to industry giants like Amazon and Microsoft.
Daily network spend on Akash just reached an all-time high.
This chart shows the dollar value of $AKT spent on the network. pic.twitter.com/eZow60Pv3W
— Akash Network (@akashnet_) March 25, 2024
AKT is making waves in the market, with its current price of $5.88 marking a 7.63% spike in the last 24 hours. What’s more impressive is its enormous 1,801% surge over the past year, showcasing its remarkable growth. Trading well above the 200-day SMA at $1.012800, it maintains stability. A 14-day RSI of 57.04 indicates a neutral stance, accompanied by 50% green days in the last 30 days. Despite its undeniable potential, Akash exhibits low liquidity, with a volume-to-market cap ratio of 0.0063. Nevertheless, investor interest in Akash remains robust, with a market cap of $1.36B and a 24-hour volume of $8.51M.
3. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix is reshaping the investment market for those seeking Bitcoin wealth. Unlike traditional mining, which demands costly equipment and specialized knowledge, BTCMTX introduces a Stake-to-Mine mechanism. Through staking $BTCMTX tokens, users can effortlessly earn Bitcoin rewards, democratizing access to Bitcoin mining for all.
Operating seamlessly on the Ethereum blockchain provides an intuitive interface, enabling widespread participation. With the potential for annual returns soaring to 87%, BTCMTX presents an enticing opportunity for investors craving passive Bitcoin income.
#BTCMTX offers a dependable cloud mining solution tailored for every #Crypto enthusiast.
Past hardware concerns and scams have deterred many.
This decentralized method ensures a transparent and protected mining journey. 🔒 pic.twitter.com/4bi8D97oKb
— Bitcoinminetrix (@bitcoinminetrix) March 25, 2024
Tokenomics-wise, BTCMTX allocates 42.5% of its tokens to power the Bitcoin mining operations of Bitcoin Minetrix, ensuring the sustainability of its mining endeavors. An additional 35% is earmarked for marketing initiatives and the expansion of BTCMTX, fueling its growth trajectory. 12.5% of tokens are reserved for staking rewards, encouraging early adoption and participation until the cloud mining platform launches. The remaining 10% is dedicated to community rewards, encouraging active engagement within the project ecosystem.
The ongoing presale, accumulating over $12 million, alongside a remarkable current APY of 58% and a generous $30,000 community airdrop, has drawn the keen interest of Bitcoin whales. This trifecta of incentives is luring significant attention from major players in the Bitcoin community.
Visit Bitcoin Minetrix Presale
4. Illuvium (ILV)
Illuvium is a pioneering open-world fantasy battle game on the Ethereum blockchain, offering casual gamers and DeFi lovers a unique blend of entertainment. Inhabited by creatures known as Illuvials, players capture and nurture these beings to build formidable collections for auto battler gameplay. Developed by a global team since 2020, Illuvium introduces over 100 uniquely designed Illuvials in a fully immersive 3D environment.
Utilizing Immutable X (IMX), a layer-2 solution, ensures seamless scalability for players, enabling gas-fee-free NFT transactions and instant finality. The IlluviDEX’s built-in decentralized exchange facilitates trustless asset exchanges, including Illuvial NFTs, with a 5% fee for ILV stakes rewards. Moreover, a yield farming program allocates 3 million ILV over three years, promoting liquidity provision and partner reward participation.
🔥 The Illuvium: Arena 0.3.6 Update is LIVE! Dive into the new features, but be prepared; it's fresh off the press and comes with bugs and balance quirks. We're rolling out this update quickly to get your feedback on these foundational changes.
🚀 Have you explored the tutorial… https://t.co/goCYW1XJIH
— Illuvium (@illuviumio) March 25, 2024
Currently priced at $140.50, ILV has seen a 9.57% surge in the last 24 hours and a 128% increase over the past year. It demonstrates steady market performance by trading 114.39% above the 200-day SMA at $65.52, with a 14-day RSI indicating neutral conditions. Illuvium maintains high liquidity with 50% green days in the last 30 trading days and a 30-day volatility of 10%, boasting a volume-to-market cap ratio of 0.1069. ILV offers an enticing opportunity for investors, blending innovative gameplay with strong market performance metrics and a dedicated development team.
5. Arweave (AR)
Arweave is a decentralized storage network fostering data permanence. Described as a “collectively owned hard drive that never forgets,” it supports the permaweb, hosting various community-driven applications. The network employs its native cryptocurrency, AR, to compensate miners for storing data indefinitely.
The architecture of Arweave’s infrastructure, known as “blockweave,” sets a unique precedent by linking each block to its predecessor and a randomly selected earlier block. This innovative approach serves as a driving force, encouraging miners to expand their data storage capabilities.
Moreover, Arweave places significant emphasis on fostering a sustainable ecosystem. This is exemplified through initiatives such as introducing profit-sharing tokens for developers. Additionally, support is provided via incubators and startup programs like “Boost.” Such efforts underscore Arweave’s commitment to ensuring data storage and nurturing a thriving community of contributors and innovators.
Want to get started developing #Arweave apps?
Here are some tools with great DX you can use or share with anyone interested in developing in the Arweave ecosystem.
Oh yeah, you can code in javascript and other common languages 🙂
Check out these resources, it's go time! 🔨 ⓐ pic.twitter.com/vL29knQpAW
— Only Arweave (@onlyarweave) March 25, 2024
AR is on an upward rise, with its current price of $42.86, marking a 13.85% surge in the past 24 hours alone. Over the past year, it has skyrocketed by an impressive 422%. Its trading position significantly above the 200-day SMA at $6.37 further emphasizes this bullish trend. Despite recent fluctuations, with a 14-day RSI of 41.65 indicating neutrality, Arweave has sustained 60% green days in the last 30 days, showcasing its resilience. With a market cap of $2.79B and a 24-hour volume reaching $367.20M, Arweave continues to capture attention and investment interest.
Turning the spotlight from crypto gainers, the London Stock Exchange (LSE) unveils plans to introduce exchange-traded notes (ETNs) for Bitcoin (BTC) and Ethereum (ETH) on May 28. Investors will soon have new avenues to track the performance of these cryptocurrencies, subject to approval from the Financial Conduct Authority (FCA).
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