Today, the cryptocurrency market showed extraordinary gains for four outstanding coins: The Graph, Injective, Uniswap, and SingularityNET. GRT surged 16.37%, reaching a market value of $20.9 billion. INJ stood out with a market value of $34.5 billion and a price of $37.05, performing well in the DeFi field.
Meanwhile, UNI maintains bullish sentiment with a price of $7.72 and a market cap of $46.2 billion. AGIX, which stands for SingularityNET and has innovated in AI development and accessibility, has a market cap of $567.85 million.
Today's Biggest Crypto Gainers - Ranking
In today's dynamic cryptocurrency market, 18% of coins rose, with IoTeX leading the way with a staggering 44.10% gain. On the contrary, Helium Mobile fell 6.06%, becoming one of the biggest losers. Dogwifhat has performed well over the past year, with a gain of 8940.16%. It is worth noting that Tellor suffered a huge loss of 54.30% at the beginning of this year.
1.
The Graph (GRT)
The Graph (GRT), an indexing protocol, became the top cryptocurrency gainer with a growth rate of 16.37%, pushing its market cap to $20.9 billion. Currently ranked 14th in the Ethereum (ERC20) token space and 4th in the AI crypto space, GRT shows bullish investor sentiment with a Greed/Fear Index of 72.
The indexing protocol is designed to query data from networks like Ethereum and IPFS. It has attracted attention from developers and investors. The Graph's unique approach enables it to create open APIs called subgraphs. It enables seamless data retrieval through GraphQL. This proves its versatility and utility in DeFi and the broader Web3 ecosystem.
GRT has shown impressive growth over the past year, surpassing 57% among the top 100 crypto assets and trading 88.38% above its 200-day simple moving average. In the past 30 days, it has a trading volume of $340.27 million, 17 green trading days, and a market share of 0.11%.
In Q4 2023, The Graph ecosystem released several important updates that shaped the future of decentralized data and evolved the protocol to meet the needs of more data and Web3 builders in 2024.
Here are some key takeaways from the Q4 2023 Participant Update ⬇️
The Graph Network…
pic.twitter.com/jQ7vJaDAOn
– The Graph (@graphprotocol)
February 16, 2024
In 2024, The Graph plans to integrate artificial intelligence (AI) into its query system. It also plans to expand compatibility across multiple blockchains. In addition, it hopes to empower GRT holders through decentralized governance, which provides compelling investor enthusiasm.
2.
Injective (INJ)
Injective (INJ) is a pioneering blockchain designed for the financial sector. Currently priced at $37.05, up 6.36%, with a market cap of $34.5 billion, it ranks at the top of the DeFi space. Ranked 5th among DeFi coins, 3rd in Layer 2, and 2nd in the AI encryption space, it has performed well. In the past year, it has outperformed 96% of the top 100 cryptocurrency assets, including Bitcoin and Ethereum.
INJ is built on the Cosmos SDK and utilizes a Tendermint-based proof-of-stake consensus mechanism. The project offers ultra-fast transaction finality with over 10,000 transactions per second, and is trading at 236.89% above its 200-day simple moving average. It has a massive trading volume of $1.06 billion, coupled with high liquidity with its circulating market capitalization ratio of 0.3057. It has had a total of 17 green trading days in the past 30 days, with a high market share, trading at 45.91% above its 200-day simple moving average.
Its uniqueness lies in its sophisticated financial infrastructure that enables dApp development across various markets. It can be seamlessly integrated with Ethereum and Solana for unparalleled interoperability. Injective is governed by a decentralized community, promoting innovation and attracting developers and investors.
3.
Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix introduces an innovative PoS mining strategy that redefines cloud mining. Users can use the innovative stacking and burning method to obtain mining credits using BTCMTX tokens.
By staking BTCMTX tokens on an Ethereum-based smart contract, users can seamlessly access Bitcoin cloud mining. This streamlined process simplifies token acquisition and staking mining credits. This allows users to redeem credits for valuable mining computing power.
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Bitcoin Minetrix focuses on security and affordability, ensuring a secure and accessible platform through ongoing audits by Coinsult. Pre-sale purchases start at a minimum of $10, eliminating financial barriers. Users can easily engage in cloud mining without having to possess technical expertise or invest in expensive hardware.
It is rapidly approaching its fundraising goal, having raised $11,087,563.8 of its $11,850,888 goal. The BTCMTX token is currently priced at $0.0135, and potential buyers have a limited time to purchase the token at this price, underscoring the urgency of acting quickly.
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4.
Uniswap (UNI)
Uniswap is a decentralized trading protocol that enhances DeFi token trading through automation. It aims to solve the liquidity problems faced by decentralized exchanges before. The uniqueness of this protocol lies in creating liquidity for the DeFi space.
Currently priced at $7.72 and with a market cap of $46.2 billion, UNI maintains bullish sentiment and ranks among the top gainers. Investor optimism is reflected in the Greed/Fear Index at 72. For the record, its performance shows a growth of 11% since the beginning of the year. It maintains a dominant market share with a trading volume of 45.91% above its 200-day simple moving average.
Uniswap V3 was launched in May 2021, providing enhanced features for liquidity providers and traders. However, exciting news shows that Uniswap v4 is scheduled to be released in the third quarter of 2024. This upgrade will integrate Ethereum Dencun functions and enhance the protocol functionality.
65% of Uniswap users used CEX before their first swap on Uniswap
That’s why we built an on-ramp into our Uniswap product — direct access to DeFi, no CEX required
Real-time use in mobile apps and web applications
pic.twitter.com/K6iT7JYMqw
– Uniswap Labs (@Uniswap)
February 17, 2024
It is worth noting that this version introduces an important feature called "hooks" that enables the integration of custom logic. This feature operates on key protocol points such as pools, swaps, fees, and liquidity provider locations. Uniswap puts security first, so a thorough audit is being conducted before the release of v4.
5.
SingularityNET (AGIX)
SingularityNET revolutionizes the development and accessibility of AI through the AGIX token. Developers can efficiently promote their AI tools, while buyers can test the services before paying. Its AI portal Request also connects users with AI experts to provide customized solutions.
As SingularityNET has grown, the utility of the AGIX token has expanded. In October 2020, the SingularityNET Enhancement Proposal (SNEP) gave AGIX holders voting rights on network changes. Additionally, the staking feature introduced in March 2020 allows users to stake their tokens.
Recently, SingularityNET launched Awakening Health in partnership with Hanson Robotics, focusing on AI-based healthcare solutions. Their flagship product, Grace, is a humanoid assistant designed for the healthcare industry.
Performance indicators show its growing prominence. AGIX is currently priced at $0.452874, having seen a significant gain of 14.63% in the past 24 hours. The coin has a market cap of $567.85 million and ranks 7th in the AI sector.
Market sentiment remains bullish with the Greed/Fear Index at 72, showing investor confidence. Technical analysis shows that AGIX is trading above the 200-day simple moving average, indicating positive momentum. Furthermore, the coin has had 16 green trading days in the past 30 days, accounting for 53% of trading days.
Now, let’s turn our attention to other noteworthy news in the cryptocurrency space. The upcoming Bitcoin halving event has raised questions about the fate of mining stocks. With history as a guide, investors are eager to understand the potential impact these stocks could have on the overall cryptocurrency market.
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Biggest cryptocurrency gainers
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