Bitcoin whales, or major holders of the cryptocurrency, have been making headlines with their renewed buying activity. After Bitcoin hit its all-time high in March, whale activity declined. However, in May, coinciding with a notable market decline, whales resumed accumulation.
Although the rate of increase slowed to 4.2% in April as the price dropped by more than 20%, the accumulation rate rebounded to 5.5% by May 22. Bitcoin whales have increased their investments from $57 billion to $122 billion this year, indicating growing confidence in the future of Bitcoin.
Today's market showcases the outstanding performance of our outstanding top gainers, showing their importance in the blockchain. IoTeX, which leads the machine economy with its native token IOTX, rose to $0.05447 in 24 hours, up 6.68% in a year, a significant increase of 138%. Bitget Token, which leads in cryptocurrency derivatives and copy trading, saw BGB rise 5.56% in 24 hours and 152% in a year. Chia Network, known for its innovative consensus mechanism, remained stable, with XCH rising 4.34% in 24 hours. Finally, Oasis Network, which focuses on scalability and confidential computing, saw ROSE rise 2.82% in 24 hours and 71% in a year.
1. IoTeX (IOTX)
Our first beneficiary, IoTeX aims to empower machines with an open economy. It provides a decentralized platform for trusted interactions between people and devices. IoTeX has developed an EVM-compatible blockchain connected to Ethereum, BSC, and Heco blockchains by adopting the Roll-DPoS consensus mechanism.
The IoTeX blockchain connects to the Ethereum, BSC, and Heco blockchains through the ioPay wallet and ioTube bridge. These tools serve thousands of users. IoTeX also provides middleware like decentralized identity and confidential computing. This makes autonomous devices like Ucam and data oracles like Pebble possible. Ucam is used in more than 3,000 homes, while more than 300 developers use Pebble.
IoTeX's native token IOTX governs the blockchain and is used for transaction fees. The Burndrop mechanism ensures deflation as more devices join the network. IoTeX ensures user privacy through ring signatures and reliable payment codes. Stakeholders vote for block producers to ensure network security.
We are onboarding over 780,000 NodleNetwork mobile devices to the IoTeX DePIN ecosystem.
Nodle uses smartphones as edge nodes to create a real-world trust network for social good applications.
It is now the largest and fastest growing item integrated in DePIN Scan, increasing…
pic.twitter.com/oU1YrITTWY
– IoTeX (@iotex_io)
May 23, 2024
Currently, IOTX is priced at $0.05447, up 6.68% in the past 24 hours. It has risen 138% in the past year. The trading price is 30.41% above the 200-day simple moving average, which is a strong performance. The 30-day volatility is 7%, the market capitalization is $514.27 million, and the 24-hour trading volume is $71.59 million, indicating high liquidity, with a circulating supply to market value ratio of 0.1392.
2. Bitget Token (BGB)
Bitget is the largest cryptocurrency copy trading platform and the third largest cryptocurrency derivatives platform in the world. It offers a wide range of services including crypto-to-crypto trading, spot trading, futures trading, and margin trading. It also offers innovative features such as AI trading robots and a launch pad for new projects, catering to both beginners and experienced traders.
BGB is Bitget's native utility token that acts as a payment method within the Bitget ecosystem. Traders can use it for staking, social trading, profit sharing, and trading fee discounts. BGB holders can also access launchpads and launch pools for early-stage project investments.
Built on the Ethereum blockchain, BGB follows the ERC-20 standard and relies on a proof-of-stake consensus mechanism. This ensures secure storage on any Ethereum-compatible wallet. Bitget holds MSB licenses in the United States and Canada and complies with KYC regulations.
The farm is now on $MON at #Bitget PoolX.
@monprotocol
⛏️Pledge $BTC to farm 666,600 MON.
➡️Stake now:
https://t.co/7obLEEt9RT
– Bitget (@bitgetglobal)
May 28, 2024
BGB is both scalable and efficient, and can handle high transaction volumes as Bitget expands. It offers transaction fee discounts of up to 20% and exclusive rewards. According to recent market analysis, its price is $1.18, up 5.56% in the past 24 hours and 152% in the past year.
It is highly liquid with a float-to-market cap ratio of 0.0577 and a 30-day volatility of 3%. Moreover, it is showing strong performance with a price trading 157.90% above its 200-day simple moving average, making it an attractive investment option.
3. Sealana (SEAL)
Sealana is a meme coin on Solana that has attracted a lot of attention. It raised over $3 million during its presale and is currently priced at $0.022. Sealana is attracting retail traders through clever social media marketing rather than traditional roadmaps or utility.
Investor interest in Seaalana has increased due to purchases by well-known whales and endorsements by influencers. One whale invested 27 SOL (about $4,480) and another whale bought 20 SOL (about $3,320). These all indicate confidence in SEAL’s potential, attracting more investors to the project. In addition, its upcoming listing on a decentralized exchange coincides with positive market sentiment, boosted by the SEC’s approval of an Ethereum spot ETF.
# Sealana
Not slowing down anytime soon! He and his buddies have done it
@realDonaldTrump
work!
send
$SOL
To clear the swamp ️, let
#Memecoins
Be great again
Once the swamp is cleaned up it's Lambos, big gains and the road to freedom!!!…
pic.twitter.com/vFMEaRZWKW
– Sealana (@Sealana_Token)
May 27, 2024
In this fixed-price presale, investors can purchase 6,900 $SEAL tokens for 1 SOL. This provides a lucrative opportunity for investors to participate early and reap the rewards of Sealana's potential. In addition, individuals who use SOL-funded wallets to invest directly in the project have advantages.
Sealana's booming presales place investors at the forefront of a project facing exponential growth and lasting success.
Visit Sealana Presale
4. Chia Network (XCH)
Chia Network is a layer-one blockchain that uses a custom programming language, Chialisp, and a novel Proof of Space and Time (PoST) consensus mechanism. This design reduces energy consumption without compromising security. Unlike most blockchains, Chia Network is a public, for-profit, and open-source company.
It stands out by combining Proof of Space (PoS) with Proof of Time (PoT). Miners assign unused storage on their hard drives to the task of solving challenges, similar to Proof of Work (PoW). Proof of Time uses a verifiable delay function to correctly record time.
In addition, the programming language Chialisp on the blockchain is smart contract compatible and incorporates elements from Ethereum and Bitcoin, allowing for simultaneous transactions. This makes the Chia Network faster and more energy-efficient than its competitors.
Green? Yes
Decentralized? Absolutely ✅
At Chia, we are committed to ensuring the decentralization and sustainable development of on-chain RWA and DeFi.
The Chia blockchain brings together a global farmer network, secure and transparent DeFi, and peer-to-peer on-chain real-world...
pic.twitter.com/7QWxQpvW9o
– Chia Network (@chia_project)
May 23, 2024
Unlike the DAO, Chia operates as a traditional joint stock company with plans to list its equity on a stock exchange. This structure aligns interests without allowing token ownership to influence blockchain governance.
XCH is valued at $32.48, reflecting a 4.34% increase in the last 24 hours. However, the price has fallen by 7% in the past year, but has risen by 9.81% against the 200-day simple moving average of $29.52, showing Chia to be stable. The 30-day volatility is 4%, the market capitalization is $339.18 million, and the 24-hour trading volume is $21.94 million. This results in a liquidity ratio of 0.0647.
5. Oasis Network (ROSE)
Oasis Network is a layer-one blockchain designed to facilitate scalability and confidential computing. Through its unique layered architecture, it provides an optimal environment for a variety of applications, including DeFi, AI, NFT, and DAO governance.
Smart privacy is a core feature of Oasis, providing a flexible confidentiality framework for Web3 and AI developers. ROSE is the native token of Oasis Network, used for payment of fees, staking, delegation and governance.
In recent news, Oasis has entered into a strategic partnership with Apillon, a leading blockchain solutions innovator. The main goal of this collaboration is to simplify blockchain integration. By addressing the complexities that have traditionally hindered widespread adoption, it aims to promote wider adoption.
They also hope to provide a strong support system for both experienced developers and those new to the blockchain space. By leveraging Apillon’s expertise in designing intuitive interfaces, this move will make blockchain technology more accessible to the general public.
In terms of price action, ROSE has gained 71% in the past year and is currently trading at $0.090497. Despite the recent 24-hour gain of 2.82%, this gainer remains neutral, as shown by the 14-day RSI indicator of 52.68. With high liquidity and a 30-day volatility of 5%, it continues to demonstrate stability and growth potential in a changing market environment.
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