Today, Bitcoin has made its presence felt in the cryptocurrency market with a staggering $1.39 trillion market cap. With a 51.99% share of the total market cap, valued at $2.67 trillion, Bitcoin continues to exert influence over digital assets. Only a few assets have surpassed Bitcoin’s gains over the past few years, with an impressive 1,490% growth in the past five years alone.
Moreover, Bitcoin’s rise since the beginning of 2023 has been equally stunning, surging 283%. Despite a slight pullback from the all-time high set on March 14, 2024, when it reached $73,628, investors remain eagerly bullish. They are ready to seize any market dip as a potential buying opportunity. However, before getting caught up in the frenzy, it is crucial to understand the key risks facing Bitcoin.
Today’s Biggest Crypto Gainers – Top List
Book of MEME has emerged as the top gainer since the beginning of the year with a staggering 22652.73% gain. Conversely, FTX Token has suffered a massive loss of -40.45% over the same period. Currently, only 14% of cryptocurrencies are experiencing positive momentum, with Ravencoin leading the way with a 28.16% gain over 24 hours, while 0x is the biggest loser today with a loss of -18.58%. However, our focus remains on four standout gainers that stand out for their innovative projects, collaborative efforts, and impressive price trajectories.
1. Biconomy (BICO)
Biconomy is a multi-chain relay protocol designed to simplify user interactions with decentralized applications (DApps). Its main goal is to improve the usability of Web3 products, making them as intuitive and user-friendly as traditional Web2 applications. Biconomy achieves this goal by providing innovative solutions for gas optimization and transaction management. It allows users to pay for gas fees with their preferred ERC-20 tokens and facilitates faster transaction confirmations.
BICO is unique in that it solves common challenges faced by users and developers in the blockchain space. Providing free transactions and blockchain-agnostic interactions removes barriers to entry for new users and simplifies the onboarding process for DApps. Well-known protocols such as Curve Finance, Perpetual Protocol, Decentral Games, and Sapien Network utilize its relay infrastructure network. This makes transactions for various blockchain applications seamless and enhances the user experience.
Currently, BICO is $0.608864, having achieved 10.56% growth in the last 24 hours alone. Despite its market dominance of just 0.02%, it has shown resilience over the past year, with a 57% price growth. Furthermore, 63% of the past 30 days have been positive, reflecting good sentiment. It is trading above its 200-day SMA, showing bullish momentum, but beware of its overbought RSI of 79.08. Its low 30-day volatility of 14% provides stability, and with high liquidity and a market cap of $420.42M, BICO looks like a promising investment opportunity.
2. EOS (EOS)
The EOS network is an open source blockchain platform with high performance, flexibility, security and the best developer experience. EOS enables almost free transactions through its scalable WebAssembly engine. This makes it the most scalable and programmable digital currency on the market. The use of the Delegated Proof of Stake (DPoS) consensus mechanism enables stakeholders to select node operators, ensuring the decentralization of the network.
EOS is differentiated by its status as a third-generation Layer 1 blockchain. It provides developers with low-latency and high-performance infrastructure to realize their visions. EOS enables developers to create projects beyond the capabilities of traditional blockchains by combining programmable architecture, versatile blockchain infrastructure, and customizable smart contracts. In addition, it has a vibrant and resilient community. This community promotes transparency, openness, and accountability through community-led initiatives. It actively drives network growth.
Regarding price action, EOS is trading at $1.118912, up 5.99% in the past 24 hours. Despite a 4% drop over the past year, EOS maintains its bullish momentum, trading 36.85% above its 200-day SMA. It has had 57% of positive trading days over the past 30 days, and the RSI is neutral at 37.04. With low volatility of 10% and high liquidity, as measured by the market cap to volume ratio of 0.2484, EOS is an attractive investment opportunity for astute investors.
3. 5th Scape (5SCAPE)
5th Scape is a gaming platform immersed in cutting-edge virtual reality technology, providing users with an immersive 3D VR gaming experience. Users are brought into an immersive world full of adventure and excitement through carefully selected games and state-of-the-art VR equipment. The platform aims to redefine the gaming experience through comfortable gaming chairs and high-tech VR helmets, providing unforgettable entertainment moments.
At the heart of 5th Scape is its native token, the 5SCAPE Coin, designed to unlock premium VR content and features within the platform. With the ongoing presale set to raise $15 million in twelve stages, investors get exclusive access to tokens at preferential prices, laying the foundation for significant growth potential. Additionally, token holders can benefit from staking opportunities, which provide long-term incentives and foster a vibrant community committed to the project's success.
As pre-sales progress,
5th Scape
The vision of becoming a cutting-edge innovator in the VR industry has become clearer. With a current pre-sale status of $2,918,957 and a target of $3,750,000, the project is gaining momentum as it approaches the end of the third phase of pre-sale. After this phase, the token price will increase by 14.92%, encouraging investors to buy tokens at a favorable price before the next phase begins.
4. XDC Network (XDC)
XDC Network is a hybrid blockchain platform that combines the transparency of public blockchains with the efficiency of private networks, aiming to simplify financial services. It uses the Delegated Proof of Stake (XDPoS) consensus mechanism to ensure fast transactions and network security. It processes up to 2,000 transactions per second and supports interoperable smart contracts.
XDC Network is unique in its compatibility with the global payment message standard ISO 20022, as well as the introduction of the XDCPay application, which simplifies the user experience. XDC supports smart contracts and second-layer digital assets deployed through Origin to solve problems such as low network bandwidth and high fees. It uses sharding technology to provide faster transactions for users and developers.
XinFin_Official
Its commitment to innovation has solidified its position as the leading blockchain platform to meet the needs of the rapidly evolving digital asset space. With the implementation of XDC staking enhancements, the network will undoubtedly attract a wide range of…
XDC has demonstrated a notable 6.95% growth over the past 24 hours, providing an upward trend for potential investors. Over the past year, the coin has shown resilience, growing by 23%, showing a steady increase in value. Currently trading at $0.048640, it is trading 6.17% above its 200-day SMA, offering investors a promising investment opportunity. Although its RSI is neutral at 45.13, its remarkable consistency is evident from its performance, with 67% of green trading days in the past 30 days. Furthermore, its low 30-day volatility of 7% and medium liquidity underscore the need for careful consideration of investments.
5. OriginTrail (TRAC)
OriginTrail is a project dedicated to building a trusted knowledge infrastructure for artificial intelligence. It aims to ensure the authenticity of information and facilitate the discovery of key knowledge and real-world assets. Using its unique decentralized knowledge graph and OriginTrail Parachain, it provides AI-driven search and solutions for global businesses and individuals.
The project has received support from renowned entities such as the British Standards Institution, Walmart, Oracle and the European Commission. This highlights its importance in advancing trusted knowledge and its application in trillion-dollar industries. In addition, its open source development approach and collaboration through the Trace Alliance enhances collaboration and innovation within the ecosystem.
TRAX is trading at $1.286949 and has gained 8.18% in the past 24 hours, showing significant growth potential. Despite a 14-day RSI of 46.82, this gainer is up 239% in the past year. Moreover, there have been 47% green candle days in the past 30 days. It is showing strong bullish momentum, trading 320.11% above its 200-day SMA. While its 30-day volatility remains low at 9%, its liquidity ratio shows room for improvement, highlighting the need to consider investments with caution.
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