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front pageToday's NewsToday's cryptocurrency gainers: Obus, Math, Decimal, Cream Finance

Today's cryptocurrency gainers: Obus, Math, Decimal, Cream Finance

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Bitcoin's plunge triggered a chain reaction of cryptocurrency speculative positions, which in turn triggered a frenzy of selling on smaller digital assets such as Solana, Cardano and Polkadot. Amid geopolitical tensions, $780 million in bullish cryptocurrency bets were liquidated in 24 hours, marking the biggest monthly decline. As a result, the event prompted investors to seek traditional safe-haven assets such as bonds and the U.S. dollar.

However, the second-largest cryptocurrency Ethereum fell as much as 12%, its biggest one-day drop since November 2022, before recovering. Meanwhile, the U.S. Securities and Exchange Commission has stepped up its scrutiny of Ethereum. Despite the market turmoil, expectations for Bitcoin's upcoming halving continue to build, with buyers taking advantage of discounted prices before the code is adjusted.

Today's Biggest Crypto Gainers - Top of the Charts

To evaluate the outstanding performance of the profit earners in the cryptocurrency market, it is crucial to understand the current market conditions. With a total trading volume of $666.12 billion in the past 24 hours, it becomes essential to understand the dynamics of the cryptocurrency market. Moreover, considering the neutral sentiment of the Fear and Greed Index of 72 (Greed), evaluating the market becomes even more critical. In this case, with only 2% of cryptocurrencies increasing in value, while 98% of cryptocurrencies suffered losses, the importance of identifying the profit earners becomes even more prominent.

1. Orbs (ORBS)

Orbs is a public blockchain infrastructure known for its scalability, low fees, security, and user-friendly design. Launched in 2017, Orbs is a decentralized network tailored for enterprise and large-scale consumer applications. The platform uses ORBS tokens to incentivize validators and maintain the integrity of the network. It adopts a Proof of Stake (PoS) ecosystem and a Randomized Proof of Stake (RPoS) consensus mechanism to ensure the efficient operation of decentralized applications (DApps).

Studying Orbs’ price action can provide investors with a unique perspective on its market trajectory and potential. Currently priced at $0.048133, ORBS has seen a modest uptick in the past 24 hours, gaining 3.66%, indicating sustained progress. Over the past year, ORBS has gained 46% and is trading 40.06% above its 200-day simple moving average of $0.034052. Although the RSI is in neutral territory at 43.21, indicating sideways trading, ORBS has high liquidity with a market cap to volume ratio of 2.2782.

The latest news is that Orbs has integrated its technology with PancakeSwap's multi-chain DEX to provide advanced trading capabilities to millions of DeFi users. The integration includes dLIMIT and dTWAP protocols, enabling efficient order execution while maintaining decentralization. This collaboration highlights Orbs' leadership in DeFi innovation, expands its market influence on PancakeSwap, and enhances user experience.

2. MATH (MATH)

MATH is a multi-functional crypto platform launched in 2018, including Math Wallet, MATH VPOS Pool, Math DApp Store, MathStaking, MathPay and MathChain. MATH supports more than 63 public blockchains and provides many investment opportunities and financial services, including automatic quantitative trading, high annualized returns on digital assets, instant loans and free global payments.

MATH is unique in its comprehensive ecosystem that integrates a variety of applications to meet different cryptocurrency needs. Math Wallet provides a seamless user experience on multiple blockchains, while Math DApp Store provides access to a variety of decentralized applications. MATH VPOS Pool allows users to stake cryptocurrencies and receive an annualized rate of return of up to 30%, promoting active participation and incentivizing network growth. In addition, MathChain is a second-layer blockchain based on Substrate, which enhances scalability and interoperability within the MATH ecosystem.

3. 99Bitcoins ($99BTC)

As a well-known brand in the field of cryptocurrency education, 99Bitcoins launched the Learn-to-Earn (L2E) platform based on its native token $99BTC. It simplifies the complexity of cryptocurrency through user-friendly methods such as charts and videos. Now, with the launch of the L2E platform, the team aims to make cryptocurrency knowledge accessible to the masses and incentivize learners to earn rewards in the process.

It set a soft cap of $5 million and a hard cap of $11.07 million in the token sale. 15% tokens were allocated out of a total of 99 billion tokens, emphasizing community participation. The token sale was divided into seven phases, gradually inviting investments until the soft cap was reached, marking the start of the subsequent hard cap round.

Initially launched on Ethereum, $99BTC is transitioning to BRC-20, opening up new avenues for growth. By adopting the BRC-20 bridge, $99BTC aims to innovate and expand Bitcoin's decentralized applications. This strategic move enhances its compatibility and opens up a wider range of investment opportunities for stakeholders in the cryptocurrency ecosystem.

4. Decimal (DEL)

DecimalChain is a blockchain and token builder launched in August 2020 with DEL as its primary cryptocurrency. DEL enables direct peer-to-peer transactions and is distinguished by its environmentally friendly approach and user-friendly interface. Validators on the Decimal network receive newly generated DEL in the form of rewards, incentivizing user participation and democratizing access to blockchain technology.

DecimalChain uses advanced blockchain technology to provide features such as asset tokenization and instant payments. DEL holders can enjoy secure storage, low-cost transfers, and a fixed total supply of 94 billion coins, ensuring stability and long-term value. As DecimalChain continues to innovate, it promises to change digital transactions and promote collaboration in the blockchain community.

Investors can gain valuable insights from Decimal’s performance metrics. Despite falling by 79% in the past year, DEL gained 20.20% in the past 24 hours. DEL is trading below its 200-day simple moving average of $0.007315 and shows a 30-day volatility of 14%, indicating moderate price volatility. However, due to low liquidity and trading volume below its 200-day simple moving average of 63.16%, investors should be cautious with DEL considering its volatility and market conditions.

5. CREAM Finance (CREAM)

CREAM Finance is an integral part of the yearn.finance ecosystem and is a decentralized DeFi lending protocol. The CREAM token was unexpectedly launched on Ethereum and Binance Smart Chain to empower users. It is available on Ethereum, Binance Smart Chain, Polygon, and Fantom, providing financial services to individuals, institutions, and protocols.

CREAM is a fork of Compound Finance, distinguished by its open source, permissionless, and blockchain-agnostic nature. It provides yield farming rewards, promoting network inclusion and development. Users can earn yield passively by depositing assets such as Ether or wBTC, similar to traditional savings accounts. It provides a range of features, including lending, staking, staking, and governance functions, to meet different DeFi needs.

CREAM’s price has increased by 15.40% in the past 24 hours and 236% in the past year. CREAM Finance has high liquidity, despite the RSI being in neutral territory at 39.37, indicating sideways trading. It has maintained a market cap to volume ratio of 0.5772, reinforcing investor confidence in the project’s stability and potential. The cryptocurrency is trading well above its 200-day simple moving average, demonstrating positive market sentiment. A manageable 30-day volatility of 23%, coupled with the number of up days of 63% in the past 30 days, further confirms its stability and growth potential, making it an attractive investment opportunity for discerning investors.

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