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Today, the spotlight is on the top gainers in the market, but first, let’s take a quick look at the global sentiment surrounding Bitcoin, the flagship cryptocurrency. Bitcoin has maintained its strong position above $66,000, currently trading at $67,188. This stability, with a 10.2% gain over the past seven days and 4.73% over the past 30 days, has fueled optimism among traders.
Analysts like Rekt Capital believe the market may be nearing its bottom after recent corrections. Historical patterns post-halving events suggest potential volatility, with Bitcoin previously experiencing significant gains followed by sharp corrections. This context sets the stage for the impressive performance of today’s top gainers.
Biggest Crypto Gainers Today – Top List
As the crypto market continues to evolve, certain digital assets are capturing significant attention with their remarkable performance. Today, we spotlight the top gainers: Pendle, Livepeer, Fasttoken, and ArcBlock. Each of these cryptocurrencies has shown impressive price surges and robust market dynamics.
For instance, Pendle’s price has skyrocketed by 1,071% over the past year, trading at $5.26 today, a 6.61% increase in the last 24 hours. Livepeer has also surged by 299% in the past year, with its current price at $19.90, up 5.14% in the last 24 hours. Fasttoken is trading at $2.01, marking a 137% increase over the past year. At the same time, ArcBlock’s price has exploded by 3,938%, currently at $4.22, a 5.23% rise in the last 24 hours. Without further ado, let’s dive into the details.
1. Pendle (PENDLE)
Pendle is a protocol on Ethereum that creates a market for yields from supported yield-bearing tokens. It enables various yield-management strategies in a permissionless environment. Pendle achieves this by wrapping yield-bearing tokens into standardized yield tokens (SY), which are compatible with the Pendle AMM.
These SY tokens are then split into principal tokens (PT) and yield tokens (YT), known as yield tokenization. PT and YT can be traded on Pendle’s AMM, though understanding the AMM isn’t necessary for trading.
Pendle brings traditional finance’s interest derivative market into DeFi, making it accessible to all users. This allows for advanced yield strategies, such as earning fixed yields on assets like stETH, betting on yield increases, and providing liquidity without additional risks. Users can mix and match these strategies to optimize their returns. Pendle unlocks yield potential, offering a platform for managing and trading yield-bearing assets.
sUSDe yield has been lifted to 37.2%.
sUSDe cap on Pendle has been lifted to 250M 🫡 pic.twitter.com/msB1FfmZZE
— Pendle (@pendle_fi) May 17, 2024
Pendle’s price today is $5.26, marking a 6.61% increase in the last 24 hours. Over the past year, the price has surged by an impressive 1,071%. It trades 580.70% above its 200-day simple moving average (SMA) of $0.778006, demonstrating strong performance.
The 14-day Relative Strength Index (RSI) stands at 48.46, indicating neutral market sentiment. In the last 30 days, Pendle had ten green days, accounting for 33% of the period. With a 30-day volatility of 14% and a high liquidity ratio of 0.2633, Pendle shows stability.
2. Livepeer (LPT)
Livepeer is the first fully decentralized live video streaming network protocol. It aims to offer a blockchain-based, efficient alternative to centralized broadcasting solutions. The platform targets new and existing broadcasters, leveraging blockchain to streamline video production and distribution. By riding the rapid growth of the video streaming industry, Livepeer introduces decentralization to enhance the broadcasting environment.
The open-source platform invites users and developers to improve it actively. It supports pay-as-you-go content, auto-scaling social video services, uncensorable live journalism, and video-enabled DApps.
The Ethereum blockchain secures Livepeer through a modified delegated proof-of-stake (DPoS) mechanism. This method avoids mining and relies on staked coins for block validation. DPoS is more ecological and scalable than proof-of-work (PoW) mechanisms.
Livepeer governance update: LPT holders who are staking their token on the Livepeer network can vote now in the latest onchain treasury proposal, which is aimed at funding continued community development focused on bringing AI Video compute capabilities to Livepeer. 👇 pic.twitter.com/pd97Jx1K72
— Livepeer (@Livepeer) May 17, 2024
LPT’s price is $19.90 today, up 5.14% in the last 24 hours and 299% over the past year. It is trading above its 200-day SMA of $6.19 by 221.35%, with a 14-day RSI of 44.63, which indicates neutral market sentiment.
Moreover, in the past 30 days, 47% of days were positive, showing moderate volatility at 14%. With a market cap of $642.92 million and a 24-hour volume of $169.57 million, Livepeer has high liquidity, making it attractive to investors.
3. 99Bitcoins (99BTC)
99Bitcoins introduces the $99BTC token, embodying a commitment to crypto education. Users can earn $99BTC tokens by engaging with educational content promoting active learning. This model aims to create a knowledgeable and engaged community.
The $99BTC token, initially launched on Ethereum, will transition to the Bitcoin network via BRC-20. This move enhances security and leverages Bitcoin’s growing developer ecosystem. Investors can benefit from staking rewards, exclusive training, and trading signals.
With USDT raised amounting to $1,457,682.78, the $99BTC token offers an attractive value proposition at $0.00105 per token. Long-term investors stand to benefit from impressive APYs, currently set at a substantial 1,532%. Eager to capitalize on these rewards, investors secure their positions early, recognizing the potential for significant returns.
🇸🇻 El Salvador is leading the way in sustainable #Bitcoin mining by harnessing the power of volcanoes! 🌋
In 3 years, they've mined 473.5 $BTC using geothermal energy from the Tecapa volcano, adding $29 million to their #BTC reserves. 🍃 🔋 #99Bitcoinshttps://t.co/PepIrsQGUi
— 99Bitcoins (@99BitcoinsHQ) May 17, 2024
However, the excitement surrounding the 99Bitcoins token has intensified with the launch of a massive airdrop campaign. With a value of $99,999, this giveaway has sparked considerable interest, drawing over 6,900 entries.
Participation is straightforward – sign up on 99Bitcoins, follow their social channels, submit a Bitcoin wallet address, and share the address used in the presale. With the chance to be one of the 99 fortunate winners, anticipation for the July 19 announcement is palpable.
4. Fasttoken (FTN)
Fasttoken is an ERC-20 utility token for SoftConstruct, Fastex and Bahamut ecosystems. SoftConstruct is a leading IT company with over 7,000 employees, 1,000 partners, and one million active users. Fastex incorporates multiple blockchain and crypto solutions, including Fastex Exchange, ftNFT marketplace, Fastex Chain blockchain, and Fastex payments.
Bahamut operates as an EVM-compatible layer1 blockchain, furnishing a versatile, public solution for various blockchain services. It has ambitions to scale to meet the evolving demands of web3 infrastructure and beyond.
FTN offers utility within these ecosystems through diverse discounts. Users enjoy the convenience of a unified wallet and account, streamlining registration processes and bolstering security. FTN is pivotal in Bahamut blockchain’s Proof of Stake and Activity (PoSA) consensus. It is the gas unit for staking, block validation, and cross-chain operations.
Fasttoken (FTN) is now listed on @CoinDCX.
FTN market is now open for trading with the following market pair FTN/INR on https://t.co/97nHTMkwX5.
Learn more at https://t.co/N9GeBN3mf0 pic.twitter.com/NEu5j6AleN
— Fasttoken (@fasttoken_com) May 14, 2024
FTN is priced at $2.01, up 1.62% in 24 hours, with a 137% surge over the past year. It trades 122,145.63% above its 200-day SMA of $0.001646, indicating strong performance. The 14-day RSI is at 100.00, suggesting the cryptocurrency is overbought and may soon see a decline.
However, in the last 30 days, 57% were positive, with 17 green days. The 30-day volatility is at a low 3%, showing stability. Fasttoken has a medium liquidity ratio of 0.0254, with a market cap of $613.37M and a 24-hour volume of $15.58M.
5. ArcBlock (ARC)
ArcBlock addresses critical issues in blockchain technology, enhancing performance, user experience, and cost-efficiency. The platform solves performance limitations by supporting high transaction volumes. It also improves user-friendliness by eliminating the need for technical expertise.
It makes blockchain technology transparent to users, ensuring a smooth experience similar to today’s web and mobile apps. Furthermore, it reduces costs by creating a free-to-use platform, encouraging widespread adoption.
ArcBlock offers a comprehensive solution with its Open Chain Access Protocol, eliminating platform lock-in issues and enabling seamless integration across multiple blockchains. The protocol provides an incentive-driven marketplace for reusable services and components, fostering a self-evolving ecosystem.
Additionally, its use of Blocklet, a high-level application protocol, enhances performance and connectivity to various data sources. Built for the cloud, it runs natively on platforms like AWS and Windows Azure, ensuring scalability and extensibility for developers.
🔥 We're grateful and excited for $ABT to be listed on@HotcoinGlobal!
As always, we want to remind our users to carefully navigate the crypto space and do their best to keep themselves safe with enhanced security for their wallets. https://t.co/r1XcDRqkiI
— ArcBlock (@ArcBlock_io) May 17, 2024
ABT’s price is $4.22, reflecting a 5.23% increase in the last 24 hours and a 3,938% surge over the past year. It trades 552.69% above its 200-day SMA of $0.644543, indicating strong performance. The 14-day RSI is 46.41, suggesting neutral market sentiment.
In the last 30 days, ArcBlock had 14 green days, accounting for 47% of the period. Also, it has 22% volatility and a medium liquidity ratio of 0.0238. ABT’s market cap is $414.61M, with a 24-hour volume of $9.87M, making it an appealing investment choice.
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