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In the last 24 hours, Bitcoin’s price has risen to $60,920, marking a 0.05% increase and pushing its market cap to $1.20 trillion, with a dominant market share of 52.85%. Over the past five years, Bitcoin has surged by a remarkable 1,000%. It has outpaced traditional assets like the Nasdaq-100 index, which climbed 128% in the same period.
Looking ahead, Bitcoin’s scarcity, with only 21 million coins ever circulating, suggests further price appreciation. Its robust financial infrastructure and regulatory approvals further bolster this outlook. However, risks, such as regulatory bans or technical vulnerabilities, underscore the need for caution. Nonetheless, with careful consideration, Bitcoin presents itself as a compelling asset for long-term investment strategies. So do our selected top gainers for today.
Biggest Crypto Gainers Today – Top List
Today’s top crypto gainers offer diverse solutions within the blockchain ecosystem. Bitcoin Gold provides a user-friendly alternative to Bitcoin, while Immutable X revolutionizes NFTs on Ethereum. Mina Protocol focuses on enhancing DApp efficiency, and Helium spearheads the revolution in IoT communication. In a market where only 16% of cryptocurrencies are experiencing positive movement, these gainers offer hope for growth-seeking investors. In the last 24 hours, Bitcoin Gold surged 7.52%, Immutable X 5.46%, Mina Protocol 1.54%, and Helium 2.56%, showcasing their innovative projects and impressive price growth.
1. Bitcoin Gold (BTG)
Bitcoin Gold presents itself as a more user-friendly alternative to Bitcoin. It set out to combine Bitcoin’s robust blockchain with innovative development, expanding opportunities for DeFi and DApp creators. Its goal is to democratize access and foster innovation in the crypto space.
Unlike Bitcoin, BTG introduced Equihash PoW, a GPU-friendly algorithm, to promote decentralization. This fosters broader participation, empowering more individuals to secure the network. This shift aims to level the playing field, empowering more individuals to secure the network. Additionally, BTG’s open-source protocol fosters a community-driven approach to governance and development. It emphasizes decentralization and accessibility for a more inclusive ecosystem.
A few days after Bitcoin's halving, but with less fanfare, BTG's halving came at block 840,000.
Block reward is now 3.125 BTG.
Wait, you say… didn't Bitcoin's 2020 halving come *after* BTG's 2020 halving? Why not now? Don't they both come every 210,000 blocks? (1/2)
— Bitcoin Gold [BTG] (@bitcoingold) April 25, 2024
Turning to its market performance, BTG has recently demonstrated remarkable growth and stability. With a current price of $36.28, it experienced an increase of 7.52% in the last 24 hours. Over the past year, BTG’s price has surged by an impressive 186%, outperforming many traditional assets. It is trading nearly 50% above the 200-day Simple Moving Average (SMA) at $24.16, thus showcasing resilience and bullish sentiment among investors. With a neutral 14-day RSI and 37% positive trends in the last 30 days, it shows promise for growth. Despite low liquidity at 0.0020 volume-to-market cap ratio, its $634.71M market capitalization signals increasing confidence in its long-term prospects.
2. Immutable X (IMX)
Immutable X is transforming NFTs on Ethereum by offering a layer-two scaling solution. It tackles Ethereum’s limitations, like scalability and high gas fees. Also, it provides instant trading and massive scalability without compromising security. With Immutable X, users can create and distribute assets like ERC-20 and ERC-721 tokens on a large scale. This has attracted projects like Gods Unchained to build on its platform.
IMX is one of the first layer-two solutions utilizing zk-rollups, making it a forefront development in Ethereum’s ecosystem. Its promised transaction speed of over 9,000 tps positions it as a potential default “NFT blockchain.” The protocol’s API abstraction layer simplifies NFT-related interactions, attracting new entrants and facilitating a seamless wallet experience. Its shared global order book and support for third-party marketplaces also lower barriers for content creators and developers.
🎮@moba_aof is launching on Immutable zkEVM, powered by @0xPolygon!
With backing from Tencent, Faith delivers Arena of Faith, pioneering a new era for MOBAs worldwide. Their team has experience from Ubisoft Chengdu and Tencent Tianmei Studio developing titles including SMITE… pic.twitter.com/IVZ62YtXWP
— Immutable (@Immutable) May 10, 2024
IMX displays impressive growth, priced at $2.28, with a recent surge of 5.46% in the last 24 hours and a remarkable 207% increase over the past year. It exhibits sustained bullish momentum, trading above the 200-day Simple Moving Average by 151.78%. Despite the neutral 14-day RSI of 65.36, 13 of the last 30 trading days have been positive, making up 43%. Additionally, Immutable X offers stability with a 30-day volatility of 6%. It boasts a volume-to-market cap ratio of 0.0318, indicating efficient trading opportunities.
3. 5th Scape (5SCAPE)
The 5th Scape presale offers a unique opportunity to participate in developing hyper-realistic games. These games promise to redefine the virtual reality gaming experience. By offering its native cryptocurrency, 5SCAPE, the project aims to gather the necessary funds to push the boundaries of VR gaming innovation.
🥊 Exciting news, fight fans! 🥊 Step into the adrenaline-fueled world of mixed martial arts with "MMA Cage Conquest" – the ultimate VR experience for MMA enthusiasts.
🎮 Now available on the META store in beta version!
Checkout👉https://t.co/ocnZmChmKV
🚀 Train, fight, and… pic.twitter.com/sekC30LWFV
— 5th Scape (@5th_scape) May 9, 2024
With $5.87 million secured in funding, interested investors still have the opportunity to contribute and support the project’s vision. Currently, 5SCAPE is priced at $0.00327, offering early backers significant profit potential compared to its $0.01 listing price. Investors now stand to gain over a 200% increase upon listing, and potential post-launch demand surges.
The 5SCAPE token, purchasable with ETH, card, MATIC, BNB, or USDT, is set to underpin 5th Scape’s VR gaming ecosystem. It will facilitate transactions and unlock rewards, positioning itself as the platform’s backbone. It offers a compelling investment opportunity for those exploring virtual reality gaming. However, prospective investors must research before purchasing 5SCAPE tokens to ensure informed decision-making.
4. Mina Protocol (MINA)
Mina Protocol is a leading blockchain project focused on minimizing computational requirements to enhance DApp efficiency. Positioned as the world’s lightest blockchain, Mina maintains a constant size despite usage growth. This ensures a balanced blend of security and decentralization. Originally known as Coda Protocol, the project rebranded to Mina in October 2020.
Mina aims to establish an efficient distributed payment system by employing a “succinct blockchain” model. Utilizing Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARKs) enables users to verify the platform from the genesis block. It also incrementally computes SNARKs to concentrate on recent blocks. This innovative approach enhances security while optimizing network scalability and performance.
Wen?
June. pic.twitter.com/EzUGVWO5VW
— Mina Protocol (httpz) 🪶 (@MinaProtocol) April 22, 2024
MINA has a current price of $0.799215 and has experienced a modest surge of 1.54% in the last 24 hours. Notably, the price has increased by 41% over the past year, reflecting long-term growth potential. MINA maintains a bullish position in the market, trading comfortably 40.94% above the 200-day SMA at $0.568209.
Despite a neutral 14-day RSI of 46.98, the cryptocurrency has seen positive trends in 47% of the last 30 trading days. Its high liquidity ratio of 0.0548 further enhances its appeal to investors. With a low 30-day volatility of 7%, MINA presents a favourable investment opportunity for those seeking stability and growth in the cryptocurrency market.
5. Helium (HNT)
Helium is a decentralized blockchain-powered network that enhances communication capabilities for Internet of Things (IoT) devices. Through its mainnet, low-powered wireless devices can communicate and send data across a network of nodes, primarily Hotspots. These Hotspots, consisting of wireless gateways and blockchain mining devices, enable users to mine and earn rewards in HNT.
Helium aims to revolutionize IoT communication by addressing current infrastructure limitations. This effort fosters decentralization, earning the moniker “The People’s Network.” With financial incentives driving participation, it appeals to device owners and IoT enthusiasts, offering further outreach possibilities. Powered by a proof-of-coverage consensus algorithm, the network ensures consensus among nodes even in variable connection conditions. Additionally, users transact using Data Credits, a separate token tied to individual users, alongside HNT.
Boosted Locations are now rolling out across LA!🌆
Helium Mobile Hotspots deployed in these locations can earn extra MOBILE rewards for creating coverage where it's needed the most.
Learn more about Boosted Locations👉https://t.co/xj1Qs3WLkz#HeliumMobile #LACoverage… pic.twitter.com/b64ryyUwpc
— Helium Mobile (@helium_mobile) May 9, 2024
HNT has shown a steady increase in price over the past year, soaring by an impressive 246%. Currently trading at $ 4.82, it has surged by 2.56% in the last 24 hours, reflecting ongoing investor interest. The gainer seems bullish, trading above the 200-day simple moving average by 114.14%. However, caution is warranted as the 14-day RSI indicates overbought, potentially signalling a looming correction. Also, with a 30-day volatility of 14%, HNT’s liquidity appears relatively low, with a volume-to-market cap ratio of 0.0097. This suggests that, with a market cap of $ 776.16M, the 24-hour volume is $ 7.50M, pointing to limited liquidity.
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