{"id":559611,"date":"2024-08-02T04:55:25","date_gmt":"2024-08-02T04:55:25","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=559611"},"modified":"2024-08-02T04:55:25","modified_gmt":"2024-08-02T04:55:25","slug":"top-crypto-gainers-today-aug-01-decentralized-social-decred-centrifuge-tellor","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/top-crypto-gainers-today-aug-01-decentralized-social-decred-centrifuge-tellor","title":{"rendered":"Top Crypto Gainers Today Aug 01 – Decentralized Social, Decred, Centrifuge, Tellor"},"content":{"rendered":"

As Bitcoin solidifies its dominance in the cryptocurrency market, its share has soared to a striking 55.05%, marking its <\/span>highest dominance in three years<\/span><\/a>. Furthermore, Bitcoin’s market capitalization has surged to $1.27 trillion, significantly overshadowing the entire crypto market’s valuation of $2.43 trillion. In comparison, Ethereum holds a substantial 16.5% of the market, valued at $389 billion.<\/span><\/p>\n

This rise in Bitcoin’s dominance is somewhat surprising, as altcoins typically outperform Bitcoin during bullish phases. However, despite a brief resurgence of meme coins earlier this year, the broader altcoin market has not mirrored these gains. Meltem Demirors, Chief Strategy Officer at CoinShares, explains that recent ETF flows have disrupted the usual market cycle. As a result, Bitcoin’s gains are no longer transferring into altcoins, leading to unexpected shifts in market dynamics.<\/span> <\/b><\/p>\n

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

Today, however, the spotlight shifts to the <\/span>top crypto gainers<\/span><\/a>—Decentralized Social, Decred, Centrifuge, and Tellor. These unique cryptocurrencies offer valuable insights into potential opportunities within a market heavily skewed towards Bitcoin. Consequently, their remarkable achievements suggest promising areas beyond Bitcoin. Get ready for well-analyzed insights that could steer you toward a profitable portfolio.<\/span><\/p>\n

1. <\/b>Decentralized Social (DESO)<\/b><\/h3>\n

Decentralized Social is a layer-1 blockchain specifically designed to reshape social media. Unlike traditional platforms, DeSo gives users complete ownership of their profiles, content, and social graphs. Moreover, this decentralized approach empowers creators to monetize their work through innovative tools like Social Tokens, Social DAOs, and NFTs. By enabling gasless, permissionless, and transparent development, DeSo fosters an open and collaborative environment for millions of developers worldwide.<\/span><\/p>\n

\"DESO<\/p>\n

What sets DeSo apart is its ability to support social-oriented features at a scale unattainable by general-purpose blockchains. Additionally, this blockchain handles both traditional and novel social features, enabling creators to connect with followers and monetize content more effectively. With highly scalable storage capabilities, DeSo offers on-chain storage at a fraction of the cost compared to other infrastructures. Furthermore, by treating social data as a public utility, DeSo ensures that all content is accessible across a network of independent apps. This approach provides a truly censorship-resistant and user-owned social media experience.<\/span><\/p>\n

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AI technology is getting more powerful every day.<\/p>\n

Yet major social media sites are already instituting policies to ban generative AI content and suspend accounts that use AI tools.<\/p>\n

Here's why we need Social media platforms that are actually embracing generative AI 🧵 pic.twitter.com\/vub4g0LilJ<\/a><\/p>\n

— DeSo (@desoprotocol) July 24, 2024<\/a><\/p><\/blockquote>\n