Ether, the second-largest cryptocurrency by market cap, is facing challenges keeping pace with Bitcoin’s surge. While Bitcoin surged 65% in the first three months of the year, Ether’s growth was only about 53%. Despite recent technical upgrades to the Ethereum blockchain to reduce transaction fees, Ether’s price still fell 12%, highlighting investors’ concerns about its market acceptance and regulatory uncertainty.
The U.S. Securities and Exchange Commission (SEC) is expected to approve a spot Ethereum exchange-traded fund (ETF). This is considered to play a crucial role in the future trajectory of Ethereum. However, there is uncertainty about this approval as the legal status of Ethereum is still unclear and regulators are expected to proceed with caution.
Today's Biggest Crypto Gainers - Leaderboard
Amid the usual volatility in the cryptocurrency market, today’s analysis reveals a range of gains and losses. Pocket Network emerged as one of the biggest gainers, gaining 14.61% in the past 24 hours. Conversely, Wormhole suffered a major setback, losing a staggering 97.90% in the same time frame, ranking among the biggest losers. Given these volatile trends, let’s analyze four unique top gainers today to understand their outstanding performance and market dynamics.
1.
Bitget Token (BGB)
Bitget Token is the native utility token of Bitget, a well-known centralized exchange (CEX) that launched its updated BGB token in July 2021. The token has multiple uses within the platform, including staking, social trading, and profit sharing. BGB holders can receive discounted fees, issuance platform access, and profit sharing through Bitget's copy trading. BGB is built on the Ethereum blockchain using the ERC-20 standard, ensuring security and wallet compatibility, providing investors with a reliable trading platform.
Currently ranked 6th in the exchange token sector market cap with a price of $1.355053. Over the past year, BGB has experienced a staggering price growth of 2,33% and is trading significantly above its 200-day simple moving average at 196.08%. Despite the recent volatility in the market, BGB's 14-day RSI of 37.70 remains neutral, indicating a possible sideways movement. Moreover, BGB has been green for 17 of the past 30 days, indicating positivity of 57%. Its 30-day volatility is 7%, providing a favorable trading environment for investors.
Bitget Research: Bitcoin temporarily falls below $65,000, BGB continues to hit new highs
In the past 24 hours, many new hot tokens and topics have emerged in the market, which may become the next wealth creation opportunity.
Overview
The market has experienced…
Last week, Bitget expanded its offering by adding the Ethena (ENA) token to its list of supported cryptocurrencies. ENA is the governance token of Ethena, a protocol focused on creating synthetic crypto-native dollars. The innovative protocol introduces USDe, an uncensorable, scalable, and stable synthetic dollar backed by assets recorded on the blockchain. Ethena users can leverage external AMM pools to trade USDe using stablecoin collateral like USDT or USDC, enabling the creation of “internet bonds” alongside synthetic dollars.
2.
Monero (XMR)
Monero stands out in the cryptocurrency space for its strong commitment to privacy and transaction anonymity. Its advanced cryptography ensures complete confidentiality by obscuring the identities of senders and receivers, in stark contrast to Bitcoin's traceable transactions. The project aims to enable fast, cheap transactions without censorship or surveillance, providing users with complete privacy in digital transactions.
Through innovative features such as fungibility and ring signatures, XMR ensures that every transaction remains private and untraceable. This approach makes it a top choice for darknet market transactions, where privacy is of paramount importance. Despite the ongoing efforts of governments to crack its code, Monero has remained steadfast in maintaining user privacy and anonymity.
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XMR is currently ranked 7th in the Proof of Work sector and 1st among privacy coins, reflecting its dominance among privacy-focused cryptocurrencies. Despite a price decline of 19% over the past year, its recent rise of 5.33% suggests a possible reversal. Although slightly below the 200-day simple moving average, Monero’s 14-day RSI suggests a neutral stance that could lead to near-term sideways movement. Over the past 30 trading days, it has shown 40% of positivity, which, coupled with low volatility (5%), offers a favorable option for investors seeking a privacy coin.
3.
Smog (SMOG)
On February 7, 2024, after the Jupiter decentralized exchange (DEX) goes online,
SMOG
As a unique meme token, it is different from typical meme tokens in that it promotes community participation through an ambitious airdrop plan to encourage holders to participate in the interaction.
The core of its airdrop reward program is the tasks integrated into the Zealy platform. Participants can increase their potential earnings by completing daily tasks and community challenges. The Smog community has completed a staggering 7.5 million tasks on Zealy, demonstrating their active participation.
SMOG's current price is $0.202563, having grown by 2.11% in the past 24 hours. Its 24-hour trading volume is $449,254, with a market cap of $157.8 million and a market share of 0.01%. In the past 24 hours, SMOG's price has grown by 2.11%. With
SMOG
, there is considerable growth potential. Especially in the coming months, its airdrops coincide with the movement of the entire market. In addition, the project aims to achieve multi-chain status to increase its value and expand its accessibility.
4.
Chiliz (CHZ)
Chiliz is a leader in the sports and entertainment digital currency space, powering the Socios platform’s innovative Fan Token ecosystem, where fans actively participate in the governance of their favorite sports brands. These tokens allow fans to actively participate in club-related decisions, bridging the gap between fans and organizations.
Regarding market capitalization, CHZ ranks 6th in the NFT token sector and is currently priced at $0.138781. In the past 24 hours, the price has increased by 5.78%, and the trading volume is above the 200-day simple moving average of 72.82%. In addition, the 14-day RSI is 44.01, indicating neutral sentiment, and 53% in the previous 30 trading days is positive. With a market value to volume ratio of 0.1022 and a 30-day volatility of only 7%, Chiliz provides investors with a reasonable investment opportunity.
We are excited to share that Transak, the leading cryptocurrency onboarding solution used by 4.5 million people worldwide, now supports Chiliz. ️
Learn how to use Transak
https://t.co/tnEh9smETI
#ChilizChain
⚡
$CHZ
— Chiliz ($CHZ) – The Sports Blockchain ⚽ (@Chiliz)
April 2, 2024
Transak’s latest integration with Chiliz marks a significant milestone in simplifying access to CHZ, providing fans and sports enthusiasts with an easy entry point into the innovative token-based ecosystem powered by Chiliz. This collaboration is important for both companies, opening the door to a broad user base for sports fan tokens. By listing Chiliz on Transak, the barrier to entry into the rapidly growing world of sports and entertainment fan tokens is further lowered.
5.
IoTeX (IOTX)
IoTeX started as an open source project in 2017 and has grown into a decentralized platform that enables machines with an open economy. It promotes interactions between people and machines in an ecosystem of trust, free will, and carefully designed economic incentives. IoTeX's innovative Roll-DPoS consensus and Ethereum Virtual Machine-compatible blockchain provide scalability and flexibility. They empower a variety of applications and enable autonomous devices and real-world oracles.
IoTeX ranks 34th in the Ethereum (ERC20) token sector and 49th in the Layer 1 sector, reflecting its ability to operate effectively in the market. With a price increase of 8.70% in the past 24 hours and 154% in the past year, it presents an attractive investment opportunity. Its high liquidity and market cap to volume ratio of 0.4294 further increase its appeal.
IoTeX is collaborating with EMC Protocol, a leading decentralized AI computing network and the first GPU RWA pioneer.
Together we unlock: secure data exchange and verifiable AI models - a solid foundation for the future of DePIN + AI.
https://t.co/pwqEi7A0gf
— IoTeX (@iotex_io)
March 28, 2024
The recent partnership between EMC and IoTeX marks a leap forward in DePIN and AI innovation. It promises revolutionary advances in decentralized technology. By integrating DeAI into IoT development, the collaboration aims to improve security, privacy, and efficiency. This collaboration demonstrates a commitment to innovation, establishing new standards for AI in decentralized networks. It empowers users with technology and drives the development of a digital society.
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Biggest Cryptocurrency Gainers
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