{"id":560551,"date":"2024-08-04T20:19:29","date_gmt":"2024-08-04T20:19:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=560551"},"modified":"2024-08-04T20:19:29","modified_gmt":"2024-08-04T20:19:29","slug":"top-crypto-gainers-today-aug-04-helium-beldex-tron-pax-gold","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/top-crypto-gainers-today-aug-04-helium-beldex-tron-pax-gold","title":{"rendered":"Top Crypto Gainers Today Aug 04 – Helium, Beldex, TRON, Pax Gold"},"content":{"rendered":"

The crypto market is navigating a bearish phase, as indicated by the Fear & Greed Index, which currently shows a reading of 34, reflecting fear among investors. In this challenging environment, 96% of cryptocurrencies have seen a decline in value over the past 24 hours, highlighting the tough market conditions. However, amidst this downturn, a few cryptocurrencies are standing out with notable gains.<\/span> <\/b><\/p>\n

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

So, what’s driving these gains? In this article, we explore the factors behind each cryptocurrency’s performance. We delve into the unique aspects of Helium’s IoT network, Beldex’s privacy features, TRON’s stable growth, and Pax Gold’s gold-backed value. By examining these elements, we provide insights into their current success and potential for future growth. Get ready to uncover the reasons behind these impressive gains and see what lies ahead for these <\/span>top gainers<\/a>.<\/span><\/p>\n

1. <\/b>Helium (HNT)<\/b><\/h3>\n

Helium is an innovative project that connects IoT devices through blockchain technology. It creates a decentralized network where nodes, called Hotspots, provide coverage and facilitate communication. These Hotspots use the LoRaWAN protocol, making Helium one of the largest networks with over 25,000 active nodes. The network’s design ensures secure and efficient data transmission, addressing common privacy concerns in the IoT sector. By decentralizing network management, Helium offers a reliable alternative to traditional IoT hubs like Google and Amazon.<\/span><\/p>\n

\"HNT<\/p>\n

The Helium token (HNT) incentivizes participation in the network. Users earn HNT by operating Hotspots and contributing to network stability. The network runs on the Proof-of-Coverage consensus mechanism, which ensures node reliability and transaction validation. Additionally, users pay transaction fees with Data Credits, a non-exchangeable token tied to individual accounts. Furthermore, the HoneyBadger BFT protocol secures the network, ensuring it performs consistently even when connection quality varies.<\/span><\/p>\n

\"HNT<\/p>\n

Among the top gainers, HNT is taking the lead with an impressive 4.25% surge, pushing its price to $4.72. This robust performance over the last 24 hours highlights Helium’s strong momentum, as evidenced by its 131% growth over the past year. The cryptocurrency’s current trading position is notably bullish, sitting 110.48% above its 200-day SMA. However, caution is warranted as its RSI of 74.77 signals that it might be overbought, potentially indicating a future pullback. Despite this, Helium’s moderate liquidity with a volume-to-market cap ratio of 0.0139 supports its dynamic trading environment. This coin stands out with its remarkable yearly gains, yet investors should stay alert for any market corrections.<\/span><\/p>\n

2. <\/b>Beldex (BDX)<\/b><\/h3>\n

Beldex is a standout in the cryptocurrency space, particularly due to its emphasis on privacy. It features several privacy-focused decentralized applications (dApps), including BChat, BelNet, and the Beldex Browser. Specifically, BDX operates on a decentralized blockchain that enables secure and anonymous peer-to-peer (P2P) transactions. Notably, the RingCT protocol, along with ring signatures and the CryptoNight hashing algorithm, ensures that transaction details are kept confidential. Additionally, Beldex addresses token inflation through a coin burn mechanism and supports cross-chain anonymity via its integration with the BNB Smart Chain.<\/span><\/p>\n

\"BDX<\/p>\n

In terms of security, Beldex now uses a Proof-of-Stake (PoS) architecture, which enhances scalability and reduces transaction fees. Moreover, it integrates advanced privacy technologies from Monero, Dash, and Zcash while also incorporating its custom features. Furthermore, the network’s security is reinforced by masternodes, which validate transactions and store blockchain copies. Consequently, as the number of masternodes grows, the reliability of the Beldex network improves, offering users a robust solution for privacy and security.<\/span><\/p>\n

\"BDX<\/p>\n

BDX follows HNT with a solid 3.37% rise, lifting its price to $0.045491. While its annual growth of 16% is relatively modest compared to Helium, its price is currently 10.60% above its 200-day SMA, reflecting a positive long-term trend. Additionally, the cryptocurrency’s low volatility of 6% indicates a stable market position. The 50% positive trading days over the past month further underscore its steadiness. However, its low liquidity with a volume-to-market cap ratio of 0.0033 could be a concern for some traders. The neutral RSI of 65.59 suggests that Beldex is neither overbought nor oversold, implying it might trade sideways in the near term.<\/span><\/p>\n

3. <\/b>Shiba Shootout (SHIBASHOOT)<\/b><\/h3>\n

Shiba Shootout<\/span><\/a> is on an exciting trajectory with its well-defined roadmap. The project has already achieved key milestones, including the community launch, audit, token production, and presale. These initial steps have set the stage for the next phase of growth. Moving forward, the second phase introduced engaging Campfire Sessions and a mini-game beta, which are designed to enhance community involvement. As the presale progresses, it is rapidly approaching $900,000 of the $1,631,230 target, with the price expected to rise once this milestone is reached.<\/span><\/p>\n