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Today, we’re taking a plunge into the crypto ocean to uncover the day’s top gainers. But first, let’s get the highlight of the latest crucial global market news. On Wednesday, the U.S. House of Representatives passed a pivotal bill establishing a legal framework for digital currencies. This significant move comes amidst concerns from the U.S. Securities and Exchange Commission (SEC) about potential financial risks.
Supporters argue the bill will provide much-needed regulatory clarity and boost industry growth. It allows issuers to self-certify products as digital commodities, potentially sidestepping SEC scrutiny. This shift could reshape crypto, paving the way for more innovation and investment. Now, let’s look at today’s top crypto gainers.
Biggest Crypto Gainers Today – Top List
In today’s volatile crypto market, with a trading volume of $ 408.64B, sentiments lean heavily towards bullish territory, evident from the Fear & Greed Index’s extreme greed rating of 76. Among cryptocurrencies, 27% have seen gains, while 73% have faced losses.
Biconomy leads the charge of top gainers with an 8.03% surge, enhancing DApp experiences through its multichain relayer protocol. OriginTrail follows suit with a 6.35% increase, championing AI-driven knowledge infrastructure. Meanwhile, JasmyCoin rises by 5.65%, emphasizing its IoT-blockchain fusion for data sovereignty. Similarly, ETHPoW climbs by 4.39%, upholding PoW principles amid Ethereum’s transition.
1. Biconomy (BICO)
Biconomy is a multichain relayer protocol that improves the user experience of decentralized applications (DApps). The project aims to make web3 products as intuitive as web2 products. It offers an infrastructure that addresses several web3 bottlenecks.
It allows users to onboard without paying gas fees and to pay gas in any ERC-20 token for transactions they make. It simplifies blockchain interactions and speeds up transaction confirmations. Using meta transactions, Biconomy can reduce gas costs by up to 40%.
Biconomy’s unique relayer network solves common blockchain issues. Curve Finance, Perpetual Protocol, Decentral Games, and Sapien Network use Biconomy to provide gasless transactions, with security ensured by Quantstamp, MixBytes, Certik, and Halborn audits. Developers can integrate Biconomy easily with a software development kit. Users sign transactions with private keys, making the platform non-custodial and trustless.
Proud to support @zealwallet!
Out latest integration partner is an easy to use smart DeFi wallet 🧡
Thanks to Biconomy, you can pay gas fees in any token. https://t.co/F4w3BEfMW6
— Biconomy (@biconomy) May 22, 2024
BICO’s price is $0.579414, up 8.03% in the last 24 hours and 101% in the previous year. It trades 116.10% above the 200-day simple moving average (SMA) of $0.26812. However, the 14-day Relative Strength Index (RSI) 79.08 indicates it may soon decline. In the last 30 days, it has had 13 green days, with a low volatility of 9%, suggesting stable price movements. It has good liquidity, with a volume-to-market cap ratio of 0.1453.
2. OriginTrail (TRAC)
OriginTrail builds a trusted knowledge infrastructure for AI, ensuring information origin and combating misinformation. Its Decentralized Knowledge Graph enables efficient search and solutions powered by AI. Furthermore, the project’s commitment to open-source technical development cultivates a collaborative environment.
It has partnered with organizations like the British Standards Institution, Walmart, and others. TRAC, the token powering the network, operates on Ethereum, securing the OriginTrail ecosystem. It’s used for publishing and updating assets and as collateral on nodes.
OriginTrail’s use cases span various industries, enabling enterprises and individuals to access trustworthy information. The project ensures data integrity and transparency, which are crucial for sectors like supply chain management and healthcare.
Security is ensured through Ethereum’s blockchain, safeguarding transactions and operations within the ecosystem. TRAC’s utility within the network incentivizes the honest and efficient performance of node operators, contributing to its overall security.
The combination of #AI & #DeSci is set to transform scientific research. As a major step towards this, @I_D_Theory is among the first to use @origin_trail DKG Paranets to create an AI-ready knowledge foundation for DeSci👇https://t.co/5AKnQA7uDH
— OriginTrail (@origin_trail) May 22, 2024
TRAC’s performance metrics present insights into its market behaviour. With a current price of $0.990228, it has experienced significant growth, increasing by 277% in the past year. It’s trading above the 200-day SMA, at 223.83% higher than $0.305785. Despite fluctuations, TRAC’s 30-day volatility remains at a manageable 7%.
Analyzing its current market conditions, the 14-day RSI stands at 46.82, signalling neutrality and a potential sideways trading pattern. However, its low liquidity with a volume-to-market cap ratio of 0.0087 suggests caution in trading.
3. Sealana (SEAL)
Sealana has quickly become a sensation in the crypto world, with its Solana-based meme coin captivating investors and enthusiasts alike. Drawing inspiration from the iconic Gamer Guy character from “South Park,” it brings a humorous twist to the crypto world.
The Sealana character, with thick glasses and a steadfast focus on the computer screen, embodies the spirit of the modern-day trader. He forsakes physical fitness for a diet of chips and tuna as he navigates the world of Solana-based meme coins.
The recent presale of Sealana has garnered significant attention, raising over $2.5 million in record time. Despite its modest following on social media platforms, Sealana has managed to attract substantial investments, indicating a promising start for the project. In the fixed-price presale, investors can get 6,900 $SEAL tokens for each 1 SOL, a lucrative opportunity to join early.
#Sealana and his $SEAL comrades have been tearing up Vegas like a tornado in a trailer park! 🌪️After nursing a nasty hangover, he hit the jackpot and has been living it up ever since! 💰🎰 Even rented a Lambo for clout like every #Crypto degen! 🏎️
Join the #Presale now and help… pic.twitter.com/XzJWO9L7HJ— Sealana (@Sealana_Token) May 22, 2024
Investors looking to capitalize on Sealana’s potential can participate in the presale by acquiring tokens at a favourable rate of $0.022. Additionally, those with SOL-funded wallets can directly invest in the project and secure their stake in this emerging Solana-based meme coin. With Sealana’s successful presale launch, investors can get in on the ground floor of a project poised for future growth and success.
4. JasmyCoin (JASMY)
JasmyCoin is an IoT-backed cryptocurrency project by Tokyo-based Jasmy Corporation. It combines IoT and blockchain to restore data sovereignty, securely connecting service providers and users. Using edge computing and IPFS, Jasmy decentralizes data management, ensuring security and ownership. It empowers users to manage personal data, promoting a trustless environment for data exchange.
The Jasmy platform guarantees confidentiality and user data control. It operates on a decentralized infrastructure, fostering security and trust. Jasmy’s innovative approach aims to enhance market safety and reduce fraud, mainly through its utilization of IoT devices.
JASMY’s current price is $0.021591, with a 5.65% increase in the last 24 hours. Over the past year, the price surged by 351%, trading 360.93% above the 200-day SMA of $0.00469. The 14-day RSI is at 50.69, indicating a neutral stance. In the last 30 days, 12 were positive, equating to 40%. It boasts a market cap of $1.07B, signalling substantial investor interest. Also, its impressive 24-hour volume of $290.41M reflects robust liquidity and trading activity.
5. ETHPoW (ETHW)
ETHPoW is a blockchain network developed by ETHW Core, opposing the Ethereum Foundation’s shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS). This initiative stands as Ethereum’s hard fork, staunchly upholding the Proof-of-Work (PoW) consensus mechanism. With virtually identical network parameters to pre-Merge Ethereum, it relies on miners for block production and transaction validation.
ETHPoW, launched post-merge, operates similarly to pre-merge Ethereum, utilizing PoW for consensus. It retains Ethereum’s attributes, including its mining algorithm, block size, and EIP-1559. With miners at the helm of new block creation and transaction verification, the network maintains its decentralized nature, ensuring robust security and trust. Furthermore, ETHW serves as a platform for conducting transactions, with its native token, ETHW, utilized for gas fees.
🟩 Proposal: EthereumPoW One — An All-in-One Ecosystem DAO
Since the inception of EthereumPoW, some excellent NFT projects have emerged in the EthereumPoW ecosystem. Through these projects, we have witnessed the enormous potential of EthereumPoW. Nevertheless, the overall… pic.twitter.com/wWtNmXliNA
— EthereumPoW (ETHW) Official (@EthereumPoW) March 17, 2023
Currently priced at $3.91, ETHW experienced a 4.39% surge in the last 24 hours and a 91% increase in the past year. Trading 75.71% above the 200-day SMA of $2.23, it exhibits neutrality with a 14-day RSI of 49.99. Of the last 30 trading days, 50% were positive, with a 30-day volatility of 7%. Its market cap is $422.60M, accompanied by a robust 24-hour trading volume of $36.25M. With a volume-to-market cap ratio of 0.0858, ETHW demonstrates strong liquidity.
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