Join our Telegram channel to stay updated with the latest news coverage. The sentiment in the cryptocurrency community has shifted towards the bearish side, with fewer mentions of a “bull run” and more talk of a “bear run” cycle. Santiment’s Social Trends indicator, which tracks cryptocurrency discussions across platforms, highlights this shift in sentiment. With a decrease in “buy the low” mentions, retail investors appear to be losing hope for a quick recovery and a sustained bull run. Additionally, Bitcoin has faced significant downward pressure this month. Contributing to this are the reduced likelihood of a rate cut by the Federal Reserve, rising geopolitical tensions, and upcoming U.S. tax payments. While the upcoming mining reward halving typically fuels price speculation, analysts including JPMorgan have warned of a possible short-term price correction. Nonetheless, the long-term outlook remains positive.
Today's Biggest Crypto Gainers - Leaderboard
Bitcoin has declined slightly over the past 24 hours, down 4.76%, but the cryptocurrency market remains buoyant with a total market cap of $2.25 trillion. Emerging gainers like Sui Crypto, Waves, Jito, and Injective are driving innovation and resilience in this vibrant ecosystem. Each project offers unique solutions and growth potential, providing our analysts with smart investment opportunities to be discovered.
1.
Sui Crypto (SUI)
Sui Crypto is a layer-one blockchain platform designed for global adoption with a secure, scalable infrastructure. It solves the inefficiencies prevalent in current blockchain systems by leveraging an innovative object-oriented data model and the secure Move programming language. Sui optimizes the Web3 experience by introducing innovations such as zkLogin and sponsored transactions. In addition, it uses an object-oriented design for deep composability and compatibility across the entire network.
SUI is trading at $1.264, having gained 3.77% in the last 24 hours. The coin is dominating the market share, accounting for 0.07% of the market. It is trading well above its 200-day moving average of $0.583722, indicating a gain of 116.70%. Although the RSI indicator is 48.87, which indicates a possible risk of sideways movement, the coin has a positive performance of 50% in the last 30 trading days. The volatility in the last 30 days is 15%, the market is relatively stable, with high liquidity and a market capitalization to volume ratio of 0.6536.
The latest news is that BytePlus (the enterprise technology division of ByteDance, the US company behind TikTok) is coming to Sui!
Recently, Sui announced a strategic partnership with ByteDance’s BytePlus to explore AI and Web3 gaming projects. Led by Mysten Labs, the partnership aims to integrate advanced AI algorithms into Sui’s blockchain. This integration enhances the user experience of Web3 gaming platforms and social finance projects. In addition, the partnership reflects Sui’s commitment to promoting community building, hackathons, and educational programs. It heralds potential progress in blockchain innovation and user engagement.
2.
Waves (WAVES)
Waves is a decentralized blockchain platform that is primarily used for custom blockchain token operations. This includes the transfer of national currencies through compliant gateway operators. Through decentralized token exchanges, it enables fundraising, crowdfunding, and trading of financial instruments directly on the blockchain. As a result, this approach simplifies user interaction through a lightweight client, ensuring an easy installation process and a flat learning curve.
The project demonstrates diverse applications beyond traditional value transfer. Waves leverages blockchain technology to provide an effective solution for managing decentralized financial instruments. It enables activities such as startup fundraising and private investment placement. In addition, its proof-of-stake consensus mechanism enhances transaction throughput and confirmation time. This, combined with equity leasing, lays the foundation for community-based development and decentralized project management.
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Waves has experienced significant gains in the past 24 hours, with the price rising by 7.61%. Despite trading slightly below its 200-day simple moving average, 57% have been positive gains in the past 30 trading days. Moreover, its high liquidity shows that its volume to market capitalization ratio is 1.8444. This indicates that the market activity is booming and investors are showing interest in the potential of the project.
3.
99Bitcoins (99BTC)
The launch of 99Bitcoins’ long-awaited 99Bitcoins token (99BTC) presale has generated a great deal of excitement in the cryptocurrency community. The presale raised over $400,000 in one week, highlighting the community’s enthusiasm for this educational initiative. It promotes active participation and engagement by introducing a “learning is mining” model, whereby cryptocurrency rewards are earned by completing educational courses.
In addition, 99Bitcoins has also held a grand event for its loyal community, offering a generous 99,999 Bitcoin (BTC) airdrop reward. The airdrop event is scheduled to take place on July 19, 2024, and will distribute a huge prize pool to 99 lucky winners. This provides an attractive opportunity for participants, along with the lucrative returns from the pre-sale. Moreover, with an attractive annual investment rate of over 4000%, the airdrop provides a lucrative opportunity for cryptocurrency enthusiasts.
At just $0.00101, 99BTC tokens offer an enticing opportunity to early adopters. It enables them to participate in a potentially transformative crypto education project. The value of the tokens is expected to increase over time as the fundraising goal is achieved. As the presale moves towards its $11 million cap, investors are eager to purchase discounted 99BTC tokens before the subsequent price increase. The tokens can be purchased using ETH, USDT or BNB, as well as a debit or credit card.
4.
Jito（JTO）
Jito Network is an important component in the Solana ecosystem, and its token JTO plays an important role. It provides a decentralized protocol that enables users to delegate SOL to validators, thereby obtaining a liquid equity token called JitoSOL. Through the MEV product, it solves the maximum extractable value problem, ensuring fair distribution and transparency of profits. The Jito Foundation oversees through DAO governance and drives community discussions through JIP (Jito Improvement Proposal).
JTO holders enjoy various benefits in the network. They can maintain SOL liquidity while earning delegation rewards and receive additional benefits from MEV extraction on Solana. Token holders have a significant influence on decisions that shape the development of the network. They have authorization over key aspects such as fee setting, delegation strategy updates, and treasury management. In addition, they contribute to ongoing protocol and product development, aligned with the needs of the Solana ecosystem.
Jito is trading at $2.74 and has gained 2.98% in the last 24 hours. Despite a relatively low market share of just 0.01%, the coin has been performing consistently positively. It has had 14 green trading days in the last 30 days, accounting for 47% in that period. This stability is further evidenced by the 30-day volatility which is below 30%, at 16%. Furthermore, Jito has considerable liquidity, with an impressive market cap to volume ratio of 0.9226. With a market cap of $322.75 million and a 24-hour trading volume of $297.77 million, Jito presents a compelling investment opportunity.
5. Injective (INJ)
Injective is a blockchain tailored for the financial sector, supporting the next generation of DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, and lending protocols. Its powerful infrastructure includes a decentralized MEV-resistant on-chain order book that supports a variety of financial markets entirely on-chain. Injective ensures instant transaction completion and has fast performance of over 10,000 TPS, which is achieved by leveraging the Cosmos SDK and a proof-of-stake consensus mechanism based on Tendermint.
INJ is trading at $26.26, having gained 3.89% in the past 24 hours and 198% in the past year. It is trading 137.31% above its 200-day moving average, indicating a strong market. However, the 14-day RSI indicator is at 79.76, indicating slightly overbought conditions. In the past 30 days, there have been 50% of positive gain trading days, with a volatility of 13%. In addition, INJ demonstrates fairly high liquidity, with a market cap to volume ratio of 0.3054, reflecting sustained investor interest.
A few days ago, Injective launched the INJ 3.0 proposal. The goal is to reduce the on-chain parameters associated with the creation of new INJ tokens, thereby enhancing their deflationary nature. As governance discussions proceed, Injective hopes to become one of the most deflationary crypto assets, similar to Bitcoin. Notably, the April 19th voting program is an important step toward this goal. It aims to build a sustainable ecosystem by balancing incentives for participation and token scarcity. This approach both rewards early supporters and attracts new participants, ensuring adaptability and resilience.
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