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Today’s top crypto gainers, Sui Crypto, BitTorrent, UNUS SED LEO, and Synthetix, come with unique projects and price movements.
Sui Crypto is revolutionizing finance with a Layer 1 blockchain, boasting a 6.95% surge to $1.716861. BitTorrent disrupts content sharing with an 11.58% rise, priced at $0.051283. UNUS SED LEO powers exchanges with a 5.09% surge to $4.61. Synthetix offers synthetic assets, with a 5.31% rise to $4.30.
That’s not all. Smog, a Solana meme coin, shows a 24-hour volume of $401,737.64 and a 24.09% increase. Stick around for an exciting read on these projects and their impressive growth paths.
Biggest Crypto Gainers Today – Top List
“Every coin has two sides,” as the saying goes, and today’s cryptocurrency market exemplifies this notion. While 48% of cryptocurrencies have gained value during this period, the remaining 52% have experienced losses. Among today’s gainers, ONDO emerges as the standout performer, with its price increasing by 26.77% in the last 24 hours. Conversely, Portal Coin takes the spotlight as the worst loser, suffering a significant drop of -24.62% in price. These fluctuations underscore the dynamic nature of the cryptocurrency market, where fortunes can change swiftly, offering both opportunities and risks for investors to navigate. Unto today’s top gainers, let us use our microscopic lens to see what they bring to the table.
1. Sui Crypto (SUI)
SuiCrypto introduces a Layer 1 public blockchain built on the Move open-source language from Facebook’s Diem project. Promising unparalleled speed and security, SUI facilitates instant, simple transactions and completes complex ones within three seconds. It is a permissionless platform poised to revolutionize finance, digital commerce, and gaming. With its horizontally scalable processing and storage, Sui offers a promising future for developers and users alike.
Its uniqueness lies in its innovative architecture, addressing common pain points of traditional blockchains. Through horizontal scaling, composability, sparse replay, and on-chain storage, Sui overcomes bottlenecks, enables direct asset transfer, and optimizes data querying. This approach fosters efficiency and cost-effectiveness, setting it apart in the blockchain landscape.
We're very excited to welcome @Forge to the Sui community!
Forge will support connections to wallets on Sui, enabling the next generation of social community engagement and gamer rewards. https://t.co/zLeXYtZn4p
— Sui (@SuiNetwork) February 29, 2024
Regarding performance metrics, SUI’s current price is $1.716861, with a 6.95% surge in the last 24 hours and market dominance at 0.09%. While investor sentiment remains bullish with an Extreme Greed index of 80, it’s crucial to note that SUI trades significantly above the 200-day SMA ($0.583722). The recent trading trend has seen only 47% positive days in the last 30, indicating mixed market sentiment. Despite low volatility at 7%, high liquidity (0.5169 volume to market cap ratio) suggests a robust market presence.
2. BitTorrent (BTT)
BitTorrent is a renowned peer-to-peer (P2P) file-sharing and torrent platform that has transitioned into a more decentralized model. TRON blockchain platform acquired it in July 2018 after its initial launch in July 2001. Since then, it has evolved significantly, introducing new tools and its native cryptocurrency token, BTT, in February 2019.
BTT’s standout quality lies in its mission to disrupt traditional entertainment distribution networks by enabling direct content sharing among internet users. With TRON’s backing, it has expanded its appeal to those interested in decentralization and cryptocurrency while catering to its existing user base. Notable features include BitTorrent Speed, utilizing the BTT token, and premium versions offering VPN capabilities and ad-free browsing.
🛠️#BTFS Weekly Report
✅Total miners exceeded 7.9 Million
✅Total Storage Contracts exceeded 144 Million
✅Total Revenue exceeded 24190 Billion $BTT pic.twitter.com/jiHsUGH0FL— BitTorrent (@BitTorrent) February 28, 2024
It is priced at $0.051283, marking an 11.58% surge in the last 24 hours. It holds a market dominance of 0.05%, with bullish investor sentiment and an Extreme Greed index at 80. Over the past year, BTT has seen a 75% price increase, outperforming 56% of the top 100 crypto assets.
However, it underperformed against Bitcoin and Ethereum, trading 60.39% above the 200-day SMA ($0.068028) and currently considered overbought with a 14-day RSI at 70.24. While 47% of the last 30 trading days were positive, it exhibits 13% volatility and maintains high liquidity with a volume-to-market cap ratio of 0.1323.
3. Smog (SMOG)
Smog, a newcomer on the Solana blockchain, seeks to outshine Bonk as a meme coin. Its recent introduction brought a significant airdrop, with 35% of its total token supply allocated, marking it the most extensive SOL airdrop to date. Managed by Zealy.io, users engage in various activities to earn points and participate in the Smog ecosystem.
Smog distinguishes itself through strategic positioning. It offers a 10% discount for purchases and staking through its official website compared to other platforms like DEXTools or Jupiter. Moreover, its cross-chain functionality, spanning Ethereum and Solana, provides users with versatility in purchasing options, including USDT, Ethereum, or credit card transactions.
Buy or stake your ERC-20 $SMOG #Tokens through our platform. 💰🐉
Staked tokens are securely locked for 90 days, with rewards available for withdrawal at your convenience. 🔒💸
Every token purchased via our service is automatically staked for you. 🔄
— SMOG (@SMOGToken) February 22, 2024
As for its performance so far, Smog shows promising signs with a 24-hour trading volume of $401,737.64 and a 24.09% price increase within the same timeframe. However, the past 7-days have seen a more modest 2.51% price increase. Smog’s promising trajectory and innovative features continue to attract attention and investment within the cryptocurrency community.
4. UNUS SED LEO (LEO)
UNUS SED LEO is a utility token issued by Bitfinex, a leading cryptocurrency exchange renowned for its spot market liquidity. Holding LEO offers users benefits like reduced trading fees, funding fee discounts, and perks from the exchange’s referral program.
The distinctive feature of LEO is its token burn mechanism, which guarantees monthly buybacks conducted by iFinex, Bitfinex’s parent company. These buybacks are proportional to a minimum of 27% of the company’s revenues, continuing until the entire token supply is redeemed. Also, LEO stands out for being issued on Ethereum and EOS blockchains, with 64% on Ethereum and 36% on EOS.
In the last 7 days, #Bitcoin is up 21%, #Ether is up 17% and volumes on Bitfinex are up 243%.
No disruptions to trading, no load issues, all systems firing. 🔥https://t.co/N2PpuTpDtp pic.twitter.com/Piug2GyNTd— Bitfinex (@bitfinex) February 29, 2024
With its current price at $4.61, signifying a 5.09% surge in the last 24 hours, it holds a market dominance of 0.19% and bullish investor sentiment, marked by an Extreme Greed index at 80. Over the past year, LEO saw a 39% price increase, outperforming 45% of the top 100 crypto assets. The last 30 days saw 67% positive trading days, with low volatility at 3% but low liquidity, with a volume-to-market cap ratio of 0.0020. Investors should consider these factors before making decisions.
5. Synthetix (SNX)
Synthetix operates as a decentralized liquidity provisioning protocol facilitating access to deep liquidity and low fees across Optimism and Ethereum. It is the backend for various protocols like Kwenta, Lyra, and Polynomial, offering synthetic assets (Synths) collateralized by SNX, ETH, and LUSD. These Synths expose underlying assets without direct ownership, enhancing accessibility to a broader financial market.
The peculiarity of Synthetix is in its decentralized exchange (DEX) and platform for synthetic assets. Users can trade synths autonomously and stake SNX for rewards, while smart contract oracles ensure efficient price delivery. These tokens serve as collateral, locked up when synths are minted. The project’s transition to Optimistic Ethereum further improves efficiency by reducing gas fees and oracle latency.
📊 Synthetix Perps Data Report:
– 7-Day Total Volume: $678 million
– Average Daily Volume: $96.8 million
– Lifetime Perps Volume: $46.24 billion
– Lifetime Fees: $35.84 millionData from February 19th to February 26th pic.twitter.com/LoAew6vCK1
— Synthetix ⚔️ (@synthetix_io) February 27, 2024
Regarding price movement, it is currently priced at $4.30, showing a 5.31% increase in the last 24 hours, with a market dominance of 0.02%. Over the past year, SNX witnessed a 48% price increase, outperforming 49% of the top 100 crypto assets but underperforming Bitcoin and Ethereum. Trading 36.15% above the 200-day SMA, SNX is currently neutral with a 14-day RSI at 53.74. While 60% of the last 30 trading days were positive, volatility stands at 9% with high liquidity.
While the project offers promising opportunities for exposure to synthetic assets and decentralized liquidity provision, it’s essential to carefully assess risk factors and market conditions. Thorough research and risk management are advisable for informed investment strategies.
Now that we’ve covered the day’s top gainers, let’s move to other exciting news from the crypto market. Hong Kong’s largest bitcoin futures exchange-traded fund has experienced a five-fold surge in assets under management over the past five months, reaching just over $100 million, fueled by local investors participating in the cryptocurrency rally.
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