{"id":530041,"date":"2024-06-01T14:06:49","date_gmt":"2024-06-01T14:06:49","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=530041"},"modified":"2024-06-01T14:06:49","modified_gmt":"2024-06-01T14:06:49","slug":"top-crypto-gainers-today-jun-01-livepeer-gmx-synthetix-helium","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/top-crypto-gainers-today-jun-01-livepeer-gmx-synthetix-helium","title":{"rendered":"Top Crypto Gainers Today Jun 01 – Livepeer, GMX, Synthetix, Helium"},"content":{"rendered":"

In the days following the U.S. Memorial Day holiday, <\/span>Bitcoin traded tightly around $68,000<\/span><\/a> but dipped to near the week’s low on Friday morning, hitting $67,300. This marked a 2% decrease from earlier levels. While May saw bitcoin rise by 11%, it lagged behind the CoinDesk 20’s 20% surge.<\/span><\/p>\n

However, as of today, the first of June, Bitcoin’s price is $67,614, reflecting a -1.03% decrease in the last 24 hours. This places Bitcoin’s market cap at $1.33 trillion, with BTC currently holding a market dominance of 52.39%. Market observers closely monitor macroeconomic conditions for potential catalysts, with next week’s economic reports anticipated to impact Bitcoin’s trajectory.<\/span><\/p>\n

Biggest Crypto Gainers Today – Top List<\/b><\/h2>\n

Despite recent Bitcoin price fluctuations, the market showcases notable gainers today. <\/span>Top gainers<\/span><\/a> – Livepeer, GMX, Synthetix, and Helium lead the pack, offering unique solutions in their respective sectors. Livepeer’s price surged 8.69% to $22.93, with GMX increasing by 4.83% to $39.31. Synthetix witnessed a 3.90% rise to $2.91, while Helium soared by 4.48% to $4.12. As these projects attract attention, let us analyze their performance closely for potential opportunities.<\/span><\/p>\n

1. <\/b>Livepeer (LPT)<\/b><\/h3>\n

Livepeer is the pioneer of the first fully decentralized live video streaming network protocol. It aims to offer an efficient, blockchain-based alternative to centralized broadcasting solutions. Producers can submit work on the platform, then reformat and distribute content to users and streaming platforms. Users benefit from pay-as-you-go content, auto-scaling social video, uncensorable journalism, and video-enabled DApps.<\/span><\/p>\n

LPT coins hold value within the network as incentives and payment options. They ensure cost-effectiveness, reliability, and security. LPT coin holders can stake their coins, becoming delegators who earn smaller-scale fees without handling transcoding.<\/span><\/p>\n

\"LPT<\/p>\n

Also, those on the network called orchestrators handle transcoding using their computer resources and earn crypto rewards. They contribute to mining, which is essential for creating new blocks. Staking earns new coins and encourages orchestrators to follow network rules, enhancing security. Built on Ethereum, Livepeer uses a delegated proof-of-stake (DPoS) consensus mechanism. This avoids the high energy costs of proof-of-work systems like Bitcoin.<\/span><\/p>\n

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The launch of the Livepeer AI Subnet marks a significant milestone towards Livepeer’s vision to infinitely scale decentralized video compute marketplaces on its open and permissionless network.<\/p>\n

Let's take a look at the roadmap for AI Video compute on the Livepeer network.<\/p>\n

🧵👇 pic.twitter.com\/B0AmgOwF15<\/a><\/p>\n

— Livepeer (@Livepeer) May 29, 2024<\/a><\/p><\/blockquote>\n