Top Crypto Gainers Today May 22 – Gala, Holo, Harmony, Ronin

In the global market today, as regulatory pressure mounts, the crypto industry is boldly moving to secure its future. Companies are turning to the political arena to sway elections and safeguard their operations. This unprecedented strategy shows the industry’s determination to remain a formidable player in the financial sector.

Crypto firms have raised over $85 million through super PACs, backing allies and targeting critics. With contributions from Coinbase and ARK Invest, the campaign seeks to influence upcoming elections. The SEC’s lawsuits have unified the industry, intensifying lobbying and political efforts. However, amidst these strategic maneuvers, the market continues its daily oscillations of winners and losers. Stay tuned to learn more about today’s top crypto gainers.

Biggest Crypto Gainers Today – Top List

Today’s spotlight shines on Gala, Holo, Harmony, and Ronin as these tokens significantly progress among digital assets. Gala has surged by 8.83% in the last 24 hours, reaching $0.046064, with a 50% increase over the past year. Meanwhile, Holo showcases a 4.80% surge, trading at $0.002475, reflecting a remarkable 48% surge in the past year.

Harmony reflects a 6.07% increase, priced at $0.022909, and trading 70.97% above its 200-day SMA. Finally, Ronin experienced a 6.74% surge, reaching $3.19, with an impressive 213% increase over the past year. Let’s learn more about these top gainers’ unique features and price analysis.

1. Gala (GALA)

Gala is a web3 ecosystem driven by GalaChain, a layer-1 blockchain. It is initially tailored to the Gala’s entertainment ecosystem, including Gala Games, Gala Music, and Gala Film. It aims to empower users globally and envisions becoming the first billion-user blockchain. Innovators can leverage GalaChain’s SDK and Creator Portal to extend web3 benefits to their communities.

Developers on GalaChain can create custom tokens, smart contracts, and node networks, bridging assets to other blockchains like Ethereum and Binance Smart Chain. The Gala ecosystem relies on independent node networks, incentivizing community participation. The Gala token (GALA) is the ecosystem’s utility and gas token.

Gala’s security is endorsed by CertiK, ranking it as the most secure altcoin globally. Utilizing a Gnosis multisig safe, Gala ensures collective oversight and operational security. It collaborates with esteemed agencies to maintain governance and compliance standards.

A new 24 hour Gala Founder’s Node governance is now live, in which operators will decide if a $GALA contract upgrade will be deployed in order to enhance security and burn ~5B illegitimate $GALA that resulted from a recent unauthorized minting incident.https://t.co/iGSKP9Y3Gv

— Gala Games (@GoGalaGames) May 22, 2024

Currently priced at $0.046064, Gala has surged by 8.83% in the last 24 hours and has experienced a 50% increase over the past year. It exhibits strong growth by trading significantly above its 200-day SMA at $0.024292 by 90.59%. A 14-day RSI of 34.39 indicates a neutral stance, alongside 14 green days in the last 30, representing 47% positivity. Gala exhibits stability with 30-day volatility of 6% and showcases robust liquidity.

2. Holo (HOT)

Holo is a decentralized hosting platform that supports fully functional decentralized applications (dApps) for mainstream users. It serves as a bridge between the Internet and Holochain, enabling peer-to-peer transactions on cloud computing.

The platform allows anyone to host applications without needing special hardware or expertise. Holo’s native token, HOT, will convert to HOLO at a one-to-one ratio when the network’s mainnet launches in Q2 2024.

Holo allows users to become hosts by providing storage and processing power. Each node runs its blockchain, connected to the Holochain, which improves transaction speed and scalability. This design prevents data loss if a node goes offline.

Holo uses a distributed blockchain model to offer a framework for creating dApps. Hosts earn HoloFuel, a token designed for microtransactions, ensuring the network can handle billions of transactions simultaneously.

Dev Pulse 139 is out! @helioscomm shared with us about the new #Holochain bringing clone cell management from a coordinator zome, plus Rustdoc is back online. Explore "The Weave" project for visionary insights. Check it out! https://t.co/ML0fLMs7qz

— Holochain (@Holochain) May 7, 2024

HOT has demonstrated impressive price movement, showcasing its potential as a solid investment. The current price is $0.002475, a 4.80% increase in the last 24 hours. Over the past year, the price has surged by 48%. It trades 67.63% above its 200-day SMA, showing significant upward momentum.

The 14-day RSI sits at 63.30, indicating a market in equilibrium. Holo presents an enticing investment opportunity with high liquidity and a 0.0361 volume-to-market cap ratio.

3. Mega Dice (DICE)

Mega Dice’s innovative $DICE token is spearheading the booming GameFi industry. This new utility and rewards token aims to reward existing players and draw in new ones. A standout feature is the daily crypto rewards tied to the casino’s success. It’s the first crypto casino to offer such a benefit and sets the stage for a promising presale.

It presents several appealing benefits, including limited edition NFTs, early access to new features, early bird bonuses, and a referral program. Additionally, Mega Dice has announced a massive $2.25 million airdrop, divided over three seasons with $750K per season. Players become eligible by wagering over $5,000 in the casino within 21 days. 

The $DICE Season 2 Airdrop is LIVE – Earn Your Share of a $750,000 AIRDROP! 🚨💰

Want a piece of the action? Just wager $5000 or more between May 15 and 28 June, 2024, and you could claim your share of the $750,000 airdrop! 😍 With a maximum airdrop of $37,500 per player, the… pic.twitter.com/4m5I4E7aLT

— Mega Dice Casino (@megadice) May 20, 2024

Mega Dice’s community-centric approach has already garnered 50,000 players who wager $50 million monthly. Since its inception, it has been at the forefront of the crypto-gambling industry, launching the first fully licensed crypto casino on Telegram in 2023. 

The $DICE token and its new Gamification layer promise enhanced customer engagement and revenue. The project shares additional revenue with $DICE holders through daily rewards and airdrops. With a clear token allocation plan and an increasing presale price, $DICE represents an exciting investment opportunity.

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4. Harmony (ONE)

Harmony is a blockchain platform designed for decentralized applications (DApps). It focuses on random state sharding, enabling block creation in seconds. The mainnet aims to improve processing speed and validation.

Harmony uses sharding to reduce node validation times. It employs the Verifiable Random Function (VRF) for unbiased shard membership. This randomization secures the validation process.

Harmony boosts staking incentives through its Open Staking initiative. This encourages interaction with the network and rewards stakeholders with the highest amount of ONE token.

Harmony secures its network with effective proof-of-stake (EPoS). This consensus method allows simultaneous staking from hundreds of validators. EPoS, designed for faster processing and better scalability, aligns with Harmony’s sharding concept. Unlike proof-of-work (PoW), which needs significant electrical and computing power, EPoS relies on numerous value holders as validators.

Our new Testnet Explorer, developed with @protofire, is LIVE! 🔥

Effortlessly search and view transactions, tokens, and more while accessing detailed testnet stats and API docs.

Dive in now: https://t.co/4Bj62dMQ2H pic.twitter.com/tVeuHeo07g

— Harmony 💙 (@harmonyprotocol) May 15, 2024

ONE’s current price is $0.022909, reflecting a 6.07% increase in the past 24 hours and a 41% rise over the last year. It trades 70.97% above the 200-day SMA of $0.013399, indicating a significant upward trend.

Moreover, in the past 30 days, ONE saw 13 green days, accounting for 43% of the period, with a low volatility of 6%. However, its market cap is $319.81M, with a 24-hour trading volume of $57.32M and a volume-to-market cap ratio of 0.1792, indicating high liquidity.

5. Ronin (RON)

Ronin, an EVM blockchain tailored for gaming, is Sky Mavis’s brainchild. Sky Mavis is also the creator of Axie Infinity, a breakout Web3 title generating over $1.3B in revenue. Ronin’s distinction lies in its proven scalability. It handles over $4B in NFT volumes and seamlessly accommodates millions of daily users.

Battle-tested in 2021, Ronin processed 15% of all NFT trading volume, becoming the hub for Axie Infinity assets. It’s lauded as the second-largest platform for NFT sales by volume, showcasing its scalability and reliability.

Ronin’s gaming-centric optimization eliminates unnecessary overhead in other blockchains, ensuring high-quality applications and minimal spam. Backed by Sky Mavis, Ronin benefits from the expertise gained in building and scaling Axie Infinity, offering advisory support and grants to partners. Despite the Ronin Validator Breach, Ronin has become a robust ecosystem with stringent security measures.

Introducing ANIMA on Katana!@ApeironNFT’s incentive token is LIVE ⚔️

• Swap $RON | $RONIN for $ANIMA and vice-versa on the Katana DEX
• Provide liquidity and earn rewards
• Withdraw in-game $ANIMA to your Ronin Wallet

Full announcement 👇

📜 | https://t.co/953KTPlBho pic.twitter.com/5EV8N32YnP

— Ronin (@Ronin_Network) May 21, 2024

RON’s price is $3.19, marking a 6.74% surge in the last 24 hours and a remarkable 213% increase over the past year. It demonstrates growth potential, trading above the 200-day SMA of $0.773416 by 311.60%. However, with a 14-day RSI of 71.32, RON indicates overbought conditions. 

Additionally, it had 12 green days in the last 30, representing 40% positivity. Consequently, Ronin shows moderate volatility with a 30-day volatility of 8%. Its liquidity, with a volume-to-market cap ratio of 0.0121, is classified as medium.

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