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In the crypto market, a notable trend emerges, capturing attention and sparking intrigue. Binance’s decision to halt USDC transactions on the Tron blockchain signals a shift in stablecoin operations. It reflects concerns over transparency and security within the crypto ecosystem. This move follows Circle’s withdrawal of USDC issuance on Tron, underlining the industry’s focus on maintaining trust and reliability.
Despite Tron’s silence on the matter, Binance’s action highlights ongoing scrutiny of blockchain networks. With USDC predominantly on Ethereum, this decision hints at broader implications for Tron’s standing in the crypto community. It comes amidst regulatory concerns and questions regarding its role in facilitating financial activities.
Biggest Crypto Gainers Today – Top List
Immutable X, Filecoin, Bitcoin SV, and Core shine bright amongst the gainers in today’s market. Each project boasts unique features and market momentum, shaping the current trends in the crypto space. Therefore, it is important to look into these top gainers to see the investment opportunities embedded in them. Join us as we examine each gainer’s impressive projects, price movements, and investment outlook.
1. Immutable X (IMX)
Immutable X positions itself as the premier layer-two scaling solution for NFTs on Ethereum, aiming to overcome Ethereum’s scalability limitations and enhance user experience. With zero gas fees for minting and trading NFTs, users enjoy instant transactions and massive scalability without compromising security.
What sets Immutable X apart is its pioneering use of zk-rollups, exclusively focused on NFTs, placing it at the forefront of Ethereum’s development. With a projected transaction speed exceeding 9,000 tps, Immutable X could become the default “NFT blockchain” in the future. Its REST APIs simplify NFT-related interactions, attracting established gaming and content companies to the ecosystem.
The Space Nation Closed Beta is starting on April 1st.
Sneak peek at new T2 Spaceship: Gallant. pic.twitter.com/LXVvHT4tvH
— Immutable (@Immutable) March 29, 2024
IMX’s price analysis paints a compelling picture for investors. With an impressive 5.50% increase in the last 24 hours and a remarkable 178% rise over the past year, it showcases its growth potential. Also, trading at 242.21% above the 200-day SMA, it exhibits a strong bullish momentum. Investors should note the neutral 14-day RSI at 65.36 and the modest 40% positive trading days in the last 30 days. These factors highlight the need to consider its 8% 30-day volatility and medium liquidity with a volume-to-market cap ratio of 0.0250.
2. Filecoin (FIL)
Filecoin is a decentralized storage system designed to safeguard humanity’s critical information. It functions as an open protocol, utilizing blockchain technology to record commitments and transactions made by network participants using the native currency, FIL.
Unique to Filecoin is its decentralized approach to data storage, which contrasts with centralized cloud storage services that are prone to centralization issues. By leveraging decentralization, Filecoin ensures data integrity, making it easily accessible and resistant to censorship. Furthermore, it incentivizes participation through mining and storage, rewarding honest behavior and encouraging maximum data storage. This unique approach fosters user autonomy and accessibility to the web globally.
FIL-RetroPGF-1 is #Filecoin's initiative for retroactively funding projects that significantly benefit the Filecoin network but have yet to receive financial support.
It aims to address the funding gap for public goods essential to blockchain ecosystems, like development,… pic.twitter.com/iwomIYtCKe
— Filecoin (@Filecoin) March 27, 2024
FIL’s current price is $9.87, experiencing a 4.70% surge in the last 24 hours. With a market dominance of 0.20%, Filecoin has seen a 77% price increase in the last year. Trading 64.05% above the 200-day SMA, Filecoin exhibits a neutral 14-day RSI at 66.12, suggesting potential sideways movement. Additionally, 50% of the last 30 trading days were positive, indicating moderate volatility with a 30-day volatility of 9%. With high liquidity and a volume-to-market cap ratio of 0.2847, Filecoin presents a favorable investment opportunity.
3. Sponge V2 (SPONGE)
Sponge V2 is a prominent meme coin, evidenced by the significant staking activity exceeding $23 million. This activity is driven by robust community support and anticipation surrounding upcoming exchange listings. The project’s swift expansion and unwavering community backing have propelled its staking activity, underpinned by a roadmap promising exchange listings.
Never fade $SPONGE 😎🧽💦#SpongeV2 #Crypto #Web3 #Alts #Binance #OKX #Bullish #100x pic.twitter.com/hkRjRfuqGq
— $SPONGE (@spongeoneth) March 29, 2024
The project facilitates over 9 billion tokens staked directly through its website. It leverages innovative staking reward rates, offering 171% for Ethereum and 390% for the Polygon network. Sponge V2’s “stake-to-bridge” mechanism fosters inclusivity, ensuring equal participation for new and existing investors. It encourages community engagement and growth by providing a clear path for everyone to benefit from the project’s growth. Interested participants can easily acquire $SPONGE tokens by linking MetaMask or Trust Wallet to the official website or swapping ETH, MATIC, or USDT.
Sponge V2 goes beyond its meme coin status, combining high-reward staking with a play-to-earn game. This attracts early investors seeking returns and in-game benefits. Plans to list on major exchanges could boost its value, potentially reaching $0.0040 this year, driven by factors such as the Bitcoin halving. With a focus on staking, gaming, and investment, Sponge V2 positions itself for future success with its innovative approach and community focus.
4. Bitcoin SV (BSV)
Bitcoin SV originated from a hard fork of the Bitcoin Cash (BCH) blockchain in 2018, aiming to restore the original vision of Bitcoin outlined by Satoshi Nakamoto. It seeks scalability and stability, aligning with Bitcoin’s initial purpose as a peer-to-peer electronic cash system. It also supports advanced blockchain applications.
Distinguishing itself by adhering closely to the original Bitcoin protocol, BSV offers unbounded on-chain scaling, accommodating market demands without relying on second-layer solutions. Its capacity for gigabyte-level blocks and potential for up to 1,000,000 transactions per second position it as a formidable contender in payment processing. It challenges traditional platforms like VISA, offering high throughput at a fraction of the cost.
The BSV Blockchain is pleased to announce that ARC v1 is now officially production-ready.
Learn more here: https://t.co/SwQvIqvMde
— BSV Blockchain (@BSVBlockchain) March 28, 2024
From the most recent analysis, BSV’s price stands at $98.33, marking a 5.20% surge in the last 24 hours. With a market dominance of 0.07%, BSV has experienced a notable 177% price increase in the last year. Trading 137.61% above the 200-day SMA, BSV exhibits moderate volatility with a 30-day volatility of 14%. Additionally, 60% of the last 30 trading days were positive, indicating favorable market sentiment. With high liquidity and a volume-to-market cap ratio of 0.0941, Bitcoin SV presents a compelling investment opportunity for investors.
5. Core (CORE)
Core is an L1 blockchain compatible with Ethereum Virtual Machine (EVM), facilitating Ethereum smart contracts and decentralized applications (dApps). Powered by the “Satoshi Plus” consensus mechanism, it blends Bitcoin’s mining hash and Delegated Proof-of-Stake (DPoS) for network security, governed by its native token, CORE. This approach ensures the network can handle many transactions while maintaining decentralization, a crucial aspect of blockchain technology.
One of Core’s standout features is its alignment with Bitcoin’s ethos and principles. It effectively integrates with the broader Bitcoin ecosystem by leaning on Bitcoin miners for security and decentralization through DPoW. This alignment allows Core to provide additional rewards to Bitcoin miners with minimal additional costs, reinforcing Bitcoin’s core functionality while expanding its utility. Additionally, Core Chain’s governance model, facilitated through a decentralized autonomous organization (DAO), ensures that decisions are made collectively by the community, promoting inclusivity and transparency.
1/ coreBTC is live on Core Chain, which means users can trustlessly bridge their BTC to a Bitcoin-secured DeFi experience on Core Chain. pic.twitter.com/6KFWdbQzbR
— Core DAO 🔶 (@Coredao_Org) March 28, 2024
In the last 24 hours, CORE spiked by 9.12%, trading at $ 1.174292, with a market dominance of 0.04%. While the price decreased by -31% last year, it trades 67.01% above the 200-day SMA. The 14-day RSI at 55.23 indicates neutrality, with 53% green days in the last 30 days. Volatility stands at 19%, reflecting stability despite fluctuations. Core demonstrates a balanced and relatively low-risk investment opportunity in the dynamic crypto market.
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