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Today, Bitcoin asserts its dominance with a whopping market cap of $ 1.39 trillion, showcasing its presence in the crypto market. Commanding a share of 51.99% in the total market cap, valued at $ 2.67 trillion, Bitcoin continues to hold sway over digital assets. Only a few assets have surpassed Bitcoin’s rise in recent years, shown by an impressive 1,490% surge in the last five years alone.
Also, since the beginning of 2023, its ascent has been equally amazing, skyrocketing by a staggering 283%. Despite slightly cooling off from its recent all-time high on Mar 14, 2024, when it reached $ 73,628, bullish sentiment remains fervent among investors. They stand ready to seize any market dips as potential buying opportunities. However, before running into the frenzy, it’s crucial to understand the key risks facing Bitcoin.
Biggest Crypto Gainers Today – Top List
Since the year began, BOOK OF MEME has emerged as the top gainer by an astounding rise of 22,652.73%. Conversely, FTX Token suffered the most, witnessing a great loss of -40.45% during the same period. Presently, only 14% of cryptocurrencies are experiencing positive momentum, with Ravencoin leading the pack with a gain of 28.16% in the last 24 hours, while 0x is today’s biggest loser with a loss of -18.58%. Yet, our focus remains on four exceptional gainers, distinguished by their innovative projects, collaborative efforts, and impressive price trajectory.
1. Biconomy (BICO)
Biconomy is a multichain relayer protocol designed to streamline user interactions with decentralized applications (DApps). Its primary goal is to enhance the usability of web3 products, making them as intuitive and user-friendly as traditional web2 applications. Biconomy achieves this by offering innovative solutions for gas optimization and transaction management. It allows users to pay gas fees in their preferred ERC-20 tokens and facilitates faster transaction confirmations.
The uniqueness of BICO lies in its ability to address common challenges faced by users and developers in the blockchain space. Offering gasless transactions and blockchain-agnostic interactions removes barriers to entry for new users and simplifies the onboarding process for DApps. Prominent protocols like Curve Finance, Perpetual Protocol, Decentral Games, and Sapien Network leverage its relayer infrastructure network. This enables seamless transactions and enhances user experience across various blockchain applications.
Proud to announce our strategic funding round from leading investors @borderless_cap, @Consensys, @jumpcapital, @Taisu_Ventures, @ManifoldTrading, @sidedoor_vc, and angels @balajis, @gametheorizing, and @CL207 (from Manifold)! pic.twitter.com/Q19EJAyuN9
— Biconomy (@biconomy) March 28, 2024
Currently, BICO is $0.608864, showing impressive growth with a surge of 10.56% in the last 24 hours alone. Despite its modest market dominance of 0.02%, it has demonstrated resilience over the past year, boasting a price increase of 57%. Also, 63% of the last 30 days were positive, reflecting a favourable sentiment. It trades above its 200-day SMA, signalling bullish momentum, but watch out for its overbought RSI at 79.08. Its low 30-day volatility of 14% offers stability, and with high liquidity and a market cap of $420.42M, BICO appears as a promising investment opportunity.
2. EOS (EOS)
The EOS Network is an open-source blockchain platform for high performance, flexibility, security, and optimal developer experience. Powered by the EOS virtual machine, EOS facilitates near fee-less transactions through its extensible WebAssembly engine. This positioning makes it the market’s most scalable and programmable digital currency. Utilizing a Delegated Proof of Stake (DPoS) consensus mechanism empowers stakeholders to select node operators, ensuring decentralization across its network.
EOS distinguishes itself by its status as a third-generation Layer 1 blockchain. It offers low-latency and highly performant infrastructure for developers to actualize their visions. EOS liberates developers by combining programmable architectures, versatile blockchain infrastructures, and customizable smart contracts. They can create projects beyond the capabilities of traditional blockchains. Moreover, it boasts a vibrant and resilient community. This community fosters transparency, openness, and accountability. It actively promotes network growth through community-led initiatives.
Only 129 Days left until the Leap 6 hardfork on July 31 📆
All ecosystem node operators are encouraged to upgrade their nodes from July 11 to July 30 to be ready 💻
Full Details 👇https://t.co/gcVABP8EDF pic.twitter.com/deaH16ZHMN
— EOS Network Foundation (@EOSNetworkFDN) March 23, 2024
Regarding price movements, EOS trades at $1.118912, marking a 5.99% rise in the last 24 hours. While experiencing a -4% decrease over the past year, EOS maintains a bullish momentum, trading 36.85% above its 200-day SMA. In the last 30 days, it has seen 57% positive trading days, with a neutral RSI of 37.04. With low volatility at 10% and high liquidity reflected in a volume-to-market-cap ratio of 0.2484, EOS presents an attractive investment opportunity for savvy investors.
3. 5th Scape (5SCAPE)
5th Scape introduces a gaming platform immersed in cutting-edge virtual reality technology, offering users an escape into thrilling 3D VR games. Users are transported to immersive worlds of adventure and excitement through meticulously selected games and state-of-the-art VR equipment. The platform aims to redefine gaming experiences with comfortable gaming chairs and high-tech VR headsets, delivering unforgettable moments of entertainment.
At the heart of 5th Scape lies its native token, 5SCAPE Coin, designed to unlock premium VR content and features within the platform. With an ongoing presale aiming to raise $15 million across twelve phases, investors gain exclusive access to tokens at discounted rates, setting the stage for significant growth potential. Additionally, token holders benefit from staking opportunities, which provide long-term incentives and foster a dynamic community committed to the project’s success.
GET YOUR TOKENS NOW!!!#vr #5thscape #cryptocurrency #Presale pic.twitter.com/4t4cIrP0St
— 5th Scape (@5th_scape) March 28, 2024
As the presale progresses, 5th Scape’s vision of becoming a forefront innovator in the VR industry comes into focus. With a current presale status of $2,918,957 raised towards a $3,750,000 target, the project gains momentum as it approaches the end of Presale Stage 3. With the token price set to rise by 14.92% after this stage, investors are encouraged to grab tokens at discounted rates before the next phase kicks off.
4. XDC Network (XDC)
XDC Network is a hybrid blockchain platform that merges the transparency of public blockchains with the efficiency of private networks, aiming to streamline financial services. Using a delegated-Proof-of-Stake (XDPoS) consensus mechanism ensures fast transactions and cybersecurity. It processes up to 2000 transactions per second (TPS) and supports interoperable smart contracts.
What sets XDC Network apart is its compatibility with the global payment messaging standard, ISO 20022, and its introduction of the XDCPay app, simplifying user experiences. XDC supports smart contracts and layer two digital assets deployment via Origin to address issues like low network bandwidth and high fees. It employs sharding for faster transactions for users and developers alike.
.@XinFin_Official's commitment to innovation reinforces its position as a leading blockchain platform ready to meet the demands of a rapidly evolving digital asset landscape. As #XDC staking enhancements come to fruition, the network will undoubtedly attract a diverse array of… pic.twitter.com/fqV7EZpQnW
— XDC Community (@xdc_community) March 28, 2024
In the last 24 hours, XDC showcased a notable 6.95% increase, marking an upward trajectory for potential investors. Over the past year, the coin has demonstrated resilience with a commendable 23% increase, indicating steady value growth. Currently trading 6.17% above the 200-day SMA at $0.048640, XDC presents a promising investment for investors. While the coin’s RSI stands at a neutral 45.13, its remarkable consistency is evident from its performance, shown in 67% green days in the last 30 days. Moreover, with a low 30-day volatility of 7% and medium liquidity, XDC is an attractive investment option for those eyeing long-term gains.
5. OriginTrail (TRAC)
OriginTrail is a project dedicated to constructing a trusted knowledge infrastructure for artificial intelligence. It aims to ensure information authenticity and facilitate the discovery of vital knowledge and real-world assets (RWAs). Leveraging its unique Decentralized Knowledge Graph and OriginTrail Parachain, it empowers global enterprises and individuals with AI-powered search and solutions.
The project garners support from renowned entities like the British Standards Institution, Walmart, Oracle, and the EU Commission. This underscores its significance in advancing trusted knowledge and its application across trillion-dollar industries. Moreover, its open-source development approach and partnerships through the Trace Alliance enhance collaboration and innovation within the ecosystem.
📢NEW Initial Paranet Offering (IPO) – @I_D_Theory
As a major step towards this future, their liquid & venture focused crypto fund will be the first to use the @origin_trail & Paranets to build out the #AI-ready knowledge foundation for #DeSci.
More👇👇https://t.co/Z732lwkuB5
— OriginTrail (@origin_trail) March 28, 2024
TRAX trading at $1.286949, reflecting an 8.18% surge in the last 24 hours, demonstrates notable growth potential. Despite a neutral 14-day RSI of 46.82, this gainer has seen a 239% increase in the past year. Also, in the last 30 days, it has had 47% green candle days. It exhibits strong bullish momentum, trading at 320.11% above the 200-day SMA. While its 30-day volatility remains low at 9%, its liquidity ratio indicates room for improvement, emphasizing careful investment consideration.
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