Top Crypto Gainers Today May 31 – JasmyCoin, OKB, MANTRA DAO, Arweave

In an era of rapid technological advancements, the global crypto market has evolved into a powerhouse of financial innovation. Over the past year, it has surged by 125.39%, catapulting its market cap to an impressive $2.67 trillion. During this period, MAGA emerged as the highest gainer, boasting a 125,995.00% gain, while ApeCoin faced a significant -59.43% decline.

Zooming into the current year, 2024, the crypto space continues to exhibit dynamic shifts. BOOK OF MEME leads with a staggering 22,444.90% increase, contrasting Wormhole’s significant -56.98% loss.

However, within the past 24 hours, the market has experienced a more modest adjustment of 0.5%, with Jasmy gaining 24.54% and Celestia losing 4.81 %. These short-term fluctuations underscore the inherent volatility of cryptocurrency trading.

Biggest Crypto Gainers Today – Top List

Today’s top gainers each play a distinctive role within the cryptocurrency sphere. JasmyCoin promotes IoT data sovereignty and secure exchanges. OKB serves as a catalyst for transactions and governance within the OKEx ecosystem, while MANTRA DAO addresses the regulatory compliance needs of real-world assets. Similarly, Arweave offers a unique solution with its permaweb, providing permanent data storage capabilities.

As these tokens surge in value, it is evident that the market recognizes their significance and utility. Let’s explore their functionalities and how their price movements reflect market engagement with these innovative tokens.

1. JasmyCoin (JASMY)

Our first gainer, JasmyCoin, combines IoT technology with blockchain to give users control over their data. The platform enables secure data exchange between IoT devices and decentralized protocols. It aims to create a secure data sharing and storage environment, turning information into personal assets. Hence, it uses edge computing and IPFS to decentralize data storage, ensuring security and ownership for users.

In recent news, Japan announced that its My Number Card function will be installed on iPhones next Spring. This integration will bring JasmyCoin technology to Apple products. The Prime Minister of Japan confirmed this development after a video call with Apple’s CEO, Tim Cook.

The My Number Card provides proof of digital identity for Japanese citizens. Integrating JASMY into CyberTrust Japan will enhance the security and transparency of this system. This partnership positions JasmyCoin as a significant player in Japan’s digital economy.

🚨🚨JASMY x APPLE iPhone🚨🚨

JASMY and Apple in Partnership As Japan’s My Number Card Function Enters IPhones Next Spring

🔸Japan announces the installation of its My Number Card function onto iPhone’s next Spring.

🔸This will bring JasmyCoin technology onto Apple products.… pic.twitter.com/nT3zm6hZ18

— JA$MY.AI (@heysamuelkim) May 30, 2024

In light of this significant advancement, JASMY has shown impressive price performance. Its current price is $0.031258, marking a 24.54% increase in the last 24 hours and a 598% surge over the past year. JasmyCoin is trading 573.08% above its 200-day SMA of $0.00469, with a 14-day RSI of 50.69, indicating a neutral position. Also, this gainer had 15 positive days in the last 30, showing good stability. With a 30-day volatility of 13%, it has high liquidity, boasting a market cap of $1.56B and a 24-hour volume of $1.50B.

2. OKB (OKB)

OKB is a cryptocurrency from the OK Blockchain Foundation and OKEx, a leading crypto exchange. OKEx offers cloud mining, margin trading, and a versatile multi-currency wallet. With OKB, users unlock special features, enjoy up to 40% discounts on transactions, earn rewards, and participate in platform governance. Beyond these perks, OKB powers OKExChain, enabling efficient spot and derivatives trading and supporting scalable applications.

Recently, OKX withdrew its application for a Virtual Asset Service Provider (VASP) license in Hong Kong. This move follows a reassessment of their business strategy. OKX will stop centralized virtual asset trading services for Hong Kong users starting May 31, 2024, but will continue to support withdrawals. This decision is influenced by Hong Kong’s stringent regulatory environment.

We can't stop celebrating our partners & history makers – @mancity! 🏆 🏆 🏆 🏆

Manchester is blue 💙 pic.twitter.com/OPgKzi2isk

— OKX (@okx) May 30, 2024

Interestingly, despite the recent news, OKB is still experiencing a moderate upward trend. Its live price is $46.59, reflecting a 4.05% increase in the last 24 hours and a 2% rise over the past year. However, it trades 10.68% below its 200-day SMA of $52.16. With a 14-day RSI of 56.93, the coin indicates a neutral stance and potential sideways movement. Additionally, OKB had 12 green days in the past 30 and showed low liquidity, as evidenced by a volume-to-market cap ratio of 0.0029.

3. PlayDoge (PLAY)

PlayDoge, currently in its presale phase, presents a unique opportunity for investors. With 40 stages planned, each distributing 2.5% of the total token supply, the project aims to raise approximately $24.4 million by launch. PLAY’s tokenomics, capped at 9.4 billion tokens, balances investor interests and project needs with allocations for presale, project funds, marketing, liquidity provision, community rewards, and staking.

Alright, what is this memecoin really about? PlayDoge is a P2E (play-to-earn) Doge companion game. It transforms the Doge meme into a Tamagotchi-styled virtual pet. Players can nurture their pets, engage in battles, and earn rewards in PLAY tokens. Backed by a solid storyline and audited contract code, PlayDoge is gaining traction as one of the best memecoins of 2024, with support from crypto influencers.

Key factors influencing PLAY’s price movement include staking opportunities, impressive APY rates of over 500%, upcoming game launches, lore integration, and the imminent release of the PlayDoge app. Drawing comparisons to the success of Axie Infinity, PlayDoge has the potential to capture significant market share in the play-to-earn gaming space. This makes it an attractive investment option amid Bitcoin’s bullish trends and potential exchange listings.

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4. MANTRA DAO (OM)

MANTRA DAO has identified a gap in the Cosmos ecosystem for a chain focused on regulatory compliance for real-world and tokenized assets. By incorporating regulatory-compliant modules, it seeks licenses from authorities in the U.S., UAE, Latin America, and other regions. This strategy appeals to institutional and retail users from traditional financial backgrounds, thus satisfying their goal of attracting diverse users who value regulatory safety.

The chain uses Tendermint, which provides a high-performance and secure BFT consensus engine. MANTRA Chain also supports the Cosmos SDK, allowing flexible blockchain application development. It includes tokenising real-world assets, a decentralized identity system, and on/off-ramping services.

These features enable seamless transactions and secure user onboarding, promoting a transparent and efficient ecosystem. The chain’s on-chain governance also encourages community participation, setting it apart from networks like Ethereum.

We are committed to bringing finance onchain and are pleased to share that the #MANTRA ecosystem will experience a series of significant updates in the coming weeks.

Stay tuned for a giant leap towards a tokenized future. #OM #HomeForRWAs

— MANTRA – Tokenizing RWAs (@MANTRA_Chain) May 28, 2024

OM’s current price is $0.681859, with a 3.26% increase in the last 24 hours. Over the past year, the price surged by 2,350%, outperforming 96% of the top 100 crypto assets. It is trading 2,734.21% above the 200-day SMA of $0.024058, with a 14-day RSI of 30.75 indicating neutrality. With 16 positive days in the last 30, the price shows stability, with a low 30-day volatility of 5%. High liquidity is evidenced by a market cap of $341.07M and a 24-hour volume of $44.12M, resulting in a volume-to-market cap ratio of 0.1294.

5. Arweave (AR)

Arweave is a data storage software that allows users to store their data forever on the permaweb. Users pay once to store data permanently using mechanisms like proof-of-access and the data storage endowment. This ensures data is widely replicated and storage costs remain low.

For developers, Arweave offers a compelling solution for creating and maintaining web applications. They benefit from zero maintenance for published web apps, while users can access all versions of apps without intrusive updates.

Recently, Arweave AO announced it will issue its own AO tokens. The issuance will use a 100% fair mechanism, minting tokens through cross-chain transactions, holding AR, or construction activities. 21 million AO tokens will be minted with a halving cycle every four years. The token economics and creation event is scheduled for June 13 at 23:00 Beijing time. To maintain integrity and transparency, a new non-profit organization will oversee the fair issuance mechanism.

AO will have its own token.

Existing models are broken. A radically new approach:

1️⃣ $AO will be 100% fair launch. Zero pre-mine, pre-sales, preferential access etc.
2️⃣ Every single token will be minted by bridging to AO, holding $AR, or building.
3️⃣ 21m, 4 year halving. pic.twitter.com/tK5XRLk6NB

— ao (@aoTheComputer) May 30, 2024

Arweave’s price surged to $43.01, up 9.58% in 24 hours, driven by positive reactions to the AO token news. Over the past year, it soared by 555%, trading 574.78% above its 200-day SMA, signaling a bullish trend. It has had 14 green days in the past 30 days, and its 30-day volatility is at 11%, suggesting stability. With a market cap of $2.81 billion and a 24-hour volume of $586.19 million, Arweave exhibits high liquidity and strong market interest.

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