Top Crypto Gainers Today Mar 29 – Biconomy, EOS, XDC Network, OriginTrail

Today, Bitcoin asserts its dominance with a whopping market cap of $ 1.39 trillion, showcasing its presence in the crypto market. Commanding a share of 51.99% in the total market cap, valued at $ 2.67 trillion, Bitcoin continues to hold sway over digital assets. Only a few assets have surpassed Bitcoin’s rise in recent years, shown by an impressive 1,490% surge in the last five years alone. 

Also, since the beginning of 2023, its ascent has been equally amazing, skyrocketing by a staggering 283%. Despite slightly cooling off from its recent all-time high on Mar 14, 2024, when it reached $ 73,628, bullish sentiment remains fervent among investors. They stand ready to seize any market dips as potential buying opportunities. However, before running into the frenzy, it’s crucial to understand the key risks facing Bitcoin.

Biggest Crypto Gainers Today – Top List

Since the year began, BOOK OF MEME has emerged as the top gainer by an astounding rise of 22,652.73%. Conversely, FTX Token suffered the most, witnessing a great loss of -40.45% during the same period. Presently, only 14% of cryptocurrencies are experiencing positive momentum, with Ravencoin leading the pack with a gain of 28.16% in the last 24 hours, while 0x is today’s biggest loser with a loss of -18.58%. Yet, our focus remains on four exceptional gainers, distinguished by their innovative projects, collaborative efforts, and impressive price trajectory.

1. Biconomy (BICO)

Biconomy is a multichain relayer protocol designed to streamline user interactions with decentralized applications (DApps). Its primary goal is to enhance the usability of web3 products, making them as intuitive and user-friendly as traditional web2 applications. Biconomy achieves this by offering innovative solutions for gas optimization and transaction management. It allows users to pay gas fees in their preferred ERC-20 tokens and facilitates faster transaction confirmations.

BICO Price Chart

The uniqueness of BICO lies in its ability to address common challenges faced by users and developers in the blockchain space. Offering gasless transactions and blockchain-agnostic interactions removes barriers to entry for new users and simplifies the onboarding process for DApps. Prominent protocols like Curve Finance, Perpetual Protocol, Decentral Games, and Sapien Network leverage its relayer infrastructure network. This enables seamless transactions and enhances user experience across various blockchain applications.

Currently, BICO is $0.608864, showing impressive growth with a surge of 10.56% in the last 24 hours alone. Despite its modest market dominance of 0.02%, it has demonstrated resilience over the past year, boasting a price increase of 57%. Also, 63% of the last 30 days were positive, reflecting a favourable sentiment. It trades above its 200-day SMA, signalling bullish momentum, but watch out for its overbought RSI at 79.08. Its low 30-day volatility of 14% offers stability, and with high liquidity and a market cap of $420.42M, BICO appears as a promising investment opportunity.

2. EOS (EOS)

The EOS Network is an open-source blockchain platform for high performance, flexibility, security, and optimal developer experience. Powered by the EOS virtual machine, EOS facilitates near fee-less transactions through its extensible WebAssembly engine. This positioning makes it the market’s most scalable and programmable digital currency. Utilizing a Delegated Proof of Stake (DPoS) consensus mechanism empowers stakeholders to select node operators, ensuring decentralization across its network.

EOS Price Chart

EOS distinguishes itself by its status as a third-generation Layer 1 blockchain. It offers low-latency and highly performant infrastructure for developers to actualize their visions. EOS liberates developers by combining programmable architectures, versatile blockchain infrastructures, and customizable smart contracts. They can create projects beyond the capabilities of traditional blockchains. Moreover, it boasts a vibrant and resilient community. This community fosters transparency, openness, and accountability. It actively promotes network growth through community-led initiatives.

Regarding price movements, EOS trades at $1.118912, marking a 5.99% rise in the last 24 hours. While experiencing a -4% decrease over the past year, EOS maintains a bullish momentum, trading 36.85% above its 200-day SMA. In the last 30 days, it has seen 57% positive trading days, with a neutral RSI of 37.04. With low volatility at 10% and high liquidity reflected in a volume-to-market-cap ratio of 0.2484, EOS presents an attractive investment opportunity for savvy investors.

3. 5th Scape (5SCAPE)

5th Scape introduces a gaming platform immersed in cutting-edge virtual reality technology, offering users an escape into thrilling 3D VR games. Users are transported to immersive worlds of adventure and excitement through meticulously selected games and state-of-the-art VR equipment. The platform aims to redefine gaming experiences with comfortable gaming chairs and high-tech VR headsets, delivering unforgettable moments of entertainment.

At the heart of 5th Scape lies its native token, 5SCAPE Coin, designed to unlock premium VR content and Features within the platform. With an ongoing presale aiming to raise $15 million across twelve phases, investors gain exclusive access to tokens at discounted rates, setting the stage for significant growth potential. Additionally, token holders benefit from staking opportunities, which provide long-term incentives and foster a dynamic community committed to the project’s success.

As the presale progresses, 5th Scape’s vision of becoming a forefront innovator in the VR industry comes into focus. With a current presale status of $2,918,957 raised towards a $3,750,000 target, the project gains momentum as it approaches the end of Presale Stage 3. With the token price set to rise by 14.92% after this stage, investors are encouraged to grab tokens at discounted rates before the next phase kicks off.

Visit 5th Scape Presale

4. XDC Network (XDC)

XDC Network is a hybrid blockchain platform that merges the transparency of public blockchains with the efficiency of private networks, aiming to streamline financial services. Using a delegated-Proof-of-Stake (XDPoS) consensus mechanism ensures fast transactions and cybersecurity. It processes up to 2000 transactions per second (TPS) and supports interoperable smart contracts.

XDC Price Chart

What sets XDC Network apart is its compatibility with the global payment messaging standard, ISO 20022, and its introduction of the XDCPay app, simplifying user experiences. XDC supports smart contracts and layer two digital assets deployment via Origin to address issues like low network bandwidth and high fees. It employs sharding for faster transactions for users and developers alike.

In the last 24 hours, XDC showcased a notable 6.95% increase, marking an upward trajectory for potential investors. Over the past year, the coin has demonstrated resilience with a commendable 23% increase, indicating steady value growth. Currently trading 6.17% above the 200-day SMA at $0.048640, XDC presents a promising investment for investors. While the coin’s RSI stands at a neutral 45.13, its remarkable consistency is evident from its performance, shown in 67% green days in the last 30 days. Moreover, with a low 30-day volatility of 7% and medium liquidity, XDC is an attractive investment option for those eyeing long-term gains.

5. OriginTrail (TRAC)

OriginTrail is a project dedicated to constructing a trusted knowledge infrastructure for artificial intelligence. It aims to ensure information authenticity and facilitate the discovery of vital knowledge and real-world assets (RWAs). Leveraging its unique Decentralized Knowledge Graph and OriginTrail Parachain, it empowers global enterprises and individuals with AI-powered search and solutions.

TRAC Price Chart

The project garners support from renowned entities like the British Standards Institution, Walmart, Oracle, and the EU Commission. This underscores its significance in advancing trusted knowledge and its application across trillion-dollar industries. Moreover, its open-source development approach and partnerships through the Trace Alliance enhance collaboration and innovation within the ecosystem.

TRAX trading at $1.286949, reflecting an 8.18% surge in the last 24 hours, demonstrates notable growth potential. Despite a neutral 14-day RSI of 46.82, this gainer has seen a 239% increase in the past year. Also, in the last 30 days, it has had 47% green candle days. It exhibits strong bullish momentum, trading at 320.11% above the 200-day SMA. While its 30-day volatility remains low at 9%, its liquidity ratio indicates room for improvement, emphasizing careful investment consideration.

Read More

  • Biggest Crypto Gainers

Comments

Post a Comment

Popular posts from this blog

Inquiry on Binance headquarters and audit left unanswered by new CEO Richard Teng

The new CEO of the Binance exchange, Richard Teng, dodged answering a question about the location of the company’s headquarters and its audit or. His statement was made as part of the Crypto and Digital Assets Summit organized by the Financial Times. During his speech, the new CEO of the exchange once again emphasized Binance’s “shortcomings” with respect to the company’s regulatory requirements. At the same time, Teng avoided questions related to the organization’s activities and structure. You might also like: Richard Teng takes the helm at Binance promising a shift away from outlawed behaviour When about Binance’s global headquarters , and whether the company will be audit ed, or if it plans to apply for a license in the UK, Binance’s new CEO said that he had already answered each of the questions asked “previously.” When asked again about the headquarters , Teng again brushed it off, emphasizing that it was “under consideration.” “...
Read more

Polygon 2.0 Aims to Become the Value Layer of Internet

Image
Thus, Polygon 2.0 will serve as a fundamental layer to create, exchange, as well as program value. The team claims that Polygon 2.0 will help democratize the global economy just as the internet helped in democratizing information access. Polygon 2.0 brings decentralized finance, digital ownership, and innovative coordination methods to the forefront. It fills the gap in creating an Internet that prioritizes users rather than gatekeepers, rent-seekers, or intermediaries. The new and upgraded Polygon version will serve as the blueprint for building the Value Layer. It Features a set of proposed upgrades bringing a major shift in the protocol’s architecture, tokenomics, and governance. The team shall reveal more details regarding Polygon 2.0 in the coming weeks. They will detail the future of the Polygon PoS chain, as well as the utility and the evolution of the MATIC token. Recommended Articles ...
Read more

Australian regulator ASIC to ramp up focus on digital scam

ASIC, Australia’s financial watchdog, has announced a new four-year plan prioritizing consumer protection against digital scams, including cryptocurrency-related frauds. ASIC, the Australian Securities and Investments Commission, has unveiled a new four-year strategy aimed at shielding consumers and businesses from digital scams, including those involving cryptocurrencies. Chair Joe Longo indicated that while ASIC has made strides since outlining its priorities last year, there’s ongoing work. The regulator is adapting to shifts in sustainable finance, the digital economy, and the challenges an aging population poses. You might also like: ASIC releases the top 10 ways to spot a crypto scam Longo also mentioned that ASIC closely monitors how emerging technologies like AI could impact businesses and consumers. Australia has been generally favorable toward digital currencies. The country has both embraced and regulated cryptocurrencies, most notably by exempt...
Read more