Weekend trading in Bitcoin has fallen to a record 161 TPV this year, down from 281 TPV in 2019, due to the rise of Bitcoin ETFs. These ETFs, which are expected to be approved by the SEC in early 2024, helped Bitcoin surge to a record $73,798 in March. Unlike traditional cryptocurrency exchanges, Bitcoin ETFs follow the stock market schedule, eliminating weekend trading and reducing price volatility, making Bitcoin's trading patterns more consistent with traditional stock markets.
The collapse of crypto-friendly banks like Silicon Valley Bank in March 2023 reduced weekend trading volumes. Without a year-round payment network, market makers are less willing to provide weekend liquidity. This shift reflects the maturity of Bitcoin as an asset, with volatility falling to 40% after its March high, compared to a previous high of over 106%.
Today’s Biggest Crypto Gainers – Top 10
As Bitcoin's market structure evolves into a more stable and predictable investment, other cryptocurrencies are making significant progress. Kaspa leads the pack with a 24-hour gain of 5.82% and an impressive yearly gain of 633%, thanks to strong liquidity and low volatility. Rollbit Coin ranks second with a notable gain of 9.35% and yearly gain of 141%, despite the challenge of lower liquidity.
Arweave stands out with a daily gain of 2.53% and an annual growth of 405%, coupled with high liquidity and a significant growth above its 200-day SMA. WEMIX is steadily developing with a 24-hour gain of 4.43% and an annual growth of 124%, supported by medium liquidity and moderate volatility. Understand the dynamic potential of the crypto market by reading more details below.
1. Kaspa (KAS)
Kaspa is a proof-of-work (PoW) cryptocurrency that uses the innovative GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG allows parallel blocks to coexist and sorts them by consensus, creating a blockDAG. This unique structure supports very high block rates and fast confirmation times, with the current network processing one block per second.
Kaspa excels at maintaining a high block rate while ensuring strong security. The network is designed to achieve higher rates, with the goal of processing ten or even a hundred blocks per second. Its unique monetary policy is based on a chromatic scale that reduces issuance geometrically, halving smoothly every month. Kaspa is secured by miners using the k-Heavyhash algorithm, ensuring compatibility with future Photon miners and maintaining a secure, scalable network.
2. Rollbit token (RLB)
Rollbit Coin is the utility token of the Rollbit platform, a popular cryptocurrency casino and trading site. RLB enhances the user experience by offering higher rebates and lower transaction fees.
RLB has multiple uses in the Rollbit ecosystem. Users stake RLB to participate in lotteries and share in the platform's profits. Staking can also reduce transaction fees and increase rebates, promoting active trading and participation. In addition, RLB is integrated into the platform's liquidity pool to facilitate smooth transactions and improve transaction efficiency.
Security is reinforced through regular audits and staking practices. This comprehensive approach ensures the safety and value of RLB, providing a strong and secure environment for users. The platform’s impressive growth, with over 1 million users and $5 billion in stake, highlights the potential value and utility of RLB.
3. Base Dawgz (DAWGZ)
Base Dawgz is a meme coin that has attracted much attention in the market, raising more than $2.2 million shortly after its launch. As the meme coin industry recovers, investors see Base Dawgz as a promising competitor with the potential to surpass existing tokens. The $DAWGZ presale started at $0.00479 and is now at $0.005534, highlighting its rapid growth and investor interest.
The key use case of $DAWGZ is its widespread use across multiple blockchains through Wormhole and Portal Bridge technologies. This allows tokens to be minted on Base and traded on Ethereum, Solana, Binance Smart Chain, and Avalanche.
This interoperability improves liquidity and makes trading seamless across various platforms, promoting active participation and potential gains for traders. In addition, $DAWGZ aims to leverage the growth of the Base chain community and pose a significant challenge to Solana’s dominance in the memecoin space.
Security and community engagement are vital to Base Dawgz’s strategy. The platform is audited regularly and its smart contracts are fully audited by Solid Proof, ensuring a secure user environment.
Additionally, Base Dawgz incentivizes its community through a social rewards program that encourages members to share content and earn more $DAWGZ tokens. This approach, coupled with Coinbase’s large user base and significant endorsement, makes Base Dawgz a strong candidate for huge growth and influence in the memecoin market.
4. Arweave (AR)
Arweave revolutionizes data storage by providing a decentralized network for unlimited data retention. Dubbed a "commonly owned hard drive that never forgets," Arweave powers the "Permaweb," a permanent, decentralized network that hosts a variety of community-driven applications. Users use AR, the network's native cryptocurrency, to pay miners to ensure their data is securely stored forever.
Arweave's innovative "block weaving" technology makes it unique. Each block in the network is linked to the previous block and a random earlier block. This "proof of access" consensus algorithm ensures data security and incentivizes miners to store more information. Miners must access old blocks to add new blocks, promoting a strong and sustainable ecosystem. This design ensures data permanence and encourages long-term data sharing between generations.
AR is priced at $27.76 and has gained 2.53% in the last 24 hours. It has high liquidity with a liquidity to market cap ratio of 0.0689, following the strong liquidity of Kaspa. AR's RSI is 41.65, which is in neutral territory, indicating that sideways trading is likely, similar to Rollbit Coin. In the last 30 days, it has 13 up days, which is more than Rollbit Coin, but not as good as Kaspa's uptrend.
5. WEMIX (WEMIX)
WEMIX is a dynamic decentralized blockchain protocol that powers the Web 3.0 super ecosystem. It is built on a high-performance Ethereum Virtual Machine (EVM) compatible open source protocol and uses a Stake-Based Authority (SPoA) consensus mechanism. It supports platforms such as WEMIX Play, NILE, WEMIX.Fi, and WEMIX Wallet, providing diverse services such as games, decentralized finance (DeFi), and community projects.
Recently, WEMIX has seen significant growth in the value of its tokens, driven by anticipation of the July 1st “Brioche Hard Fork.” This update will enhance the token economics by destroying 435 million WEMIX tokens, reducing supply and enabling WEMIX to transition from foundation-driven to community-driven. Additionally, the upgraded WEMIX PLAY will directly tie the performance of the ecosystem to the token economics, ensuring that the platform and its users benefit from growth.
WEMIX is priced at $1.431448 and has gained 4.43% in the past 24 hours. It has medium liquidity with a liquidity to market cap ratio of 0.0122, which lags behind Kaspa’s high liquidity but exceeds Rollbit Coin’s low liquidity. WEMIX’s RSI is 68.17, which is in overbought territory, in stark contrast to Arweave’s neutral RSI (41.65).
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