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In the cryptocurrency market, a notable trend is emerging that is capturing attention and generating intrigue. Binance's decision to stop USDC transactions on the Tron blockchain signals a change in stablecoin operations. It reflects concerns about transparency and security within the crypto ecosystem. This move follows Circle's withdrawal of USDC issuance on Tron, underscoring the industry's focus on maintaining trust and reliability.
Despite Tron's silence on the matter, technology/binance-end-support-usdc-stablecoin-tron-blockchain-2024-03-25/”>Binance The action highlights the continued scrutiny of blockchain networks. Since USDC is predominantly based on ethereum, this decision hints at broader implications for Tron's standing in the crypto community. It comes amid regulatory concerns and questions about its role in facilitating financial activities.
Today's Biggest Cryptocurrency Gainers: Top List
Immutable x, Filecoin, bitcoin SV and Core shine among the winners in the current market. Each project boasts unique features and market momentum, shaping current trends in the crypto space. Therefore, it is important to analyze these main winners to see the investment opportunities they contain. Join us as we examine the impressive projects, price movements and investment prospects of each winner.
1. Immutable x (IMX)
Immutable With zero gas fees to mint and trade nfts, users enjoy instant transactions and massive scalability without compromising security.
What sets Immutable x apart is its pioneering use of zk-rollups, focused exclusively on nfts, putting it at the forefront of ethereum development. With a projected transaction speed of over 9,000 tps, Immutable x could become the default “nft blockchain” in the future. Its REST APIs simplify nft-related interactions, attracting established content and gaming companies to the ecosystem.
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The Space Nation closed beta will begin on April 1.
A preview of the new T2 spacecraft: Gallant. pic.twitter.com/LXVvHT4tvH
– Immutable (@Immutable) twitter.com/Immutable/status/1773828387855077513?ref_src=twsrc%5Etfw”>March 29, 2024
IMX price analysis presents a compelling picture for investors. With an impressive 5.50% increase in the last 24 hours and a notable 178% increase over the past year, it shows its growth potential. Furthermore, trading 242.21% above the 200-day SMA, it shows strong bullish momentum. Investors should note the neutral 14-day RSI at 65.36 and the modest positive trading days of 40% in the last 30 days. These factors highlight the need to consider its 30-day volatility of 8% and its average liquidity with a volume-to-market cap ratio of 0.0250.
2. Filecoin (FIL)
Filecoin is a decentralized storage system designed to safeguard humanity's critical information. It works as an open protocol, using blockchain technology to record commitments and transactions made by network participants using the native currency, FIL.
What is unique about Filecoin is its decentralized approach to data storage, which contrasts with centralized cloud storage services that are prone to centralization issues. By leveraging decentralization, Filecoin ensures data integrity, making it easily accessible and resistant to censorship. Additionally, it incentivizes participation through mining and storage, rewarding honest behavior and encouraging maximum data storage. This unique approach fosters user autonomy and global web accessibility.
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FIL-RetroPGF-1 is twitter.com/hashtag/Filecoin?src=hash&ref_src=twsrc%5Etfw”>#FilecoinThe initiative to retroactively fund projects that significantly benefit the Filecoin network but have not yet received financial support.
Its goal is to address the funding gap for essential public goods for blockchain ecosystems, such as development,… pic.twitter.com/iwomIYtCKe
-Filecoin (@Filecoin) twitter.com/Filecoin/status/1773013893125677073?ref_src=twsrc%5Etfw”>March 27, 2024
The current price of FIL is $9.87, experiencing an increase of 4.70% in the last 24 hours. With a market dominance of 0.20%, Filecoin has seen a 77% price increase in the last year. Filecoin is trading 64.05% above the 200-day SMA and exhibiting a neutral 14-day RSI at 66.12, suggesting a possible sideways move. Additionally, 50% of the last 30 trading days were positive, indicating moderate volatility with a 30-day volatility of 9%. With high liquidity and a volume-to-market cap ratio of 0.2847, Filecoin presents a favorable investment opportunity.
3. Sponge V2 (SPONGE)
Sponge V2 is a prominent meme coin, as evidenced by significant betting activity exceeding $23 million. This activity is driven by strong community support and anticipation around upcoming stock listings. The project's rapid expansion and unwavering community support have fueled its staking activity, backed by a roadmap that promises public listings.
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Never fade twitter.com/search?q=%24SPONGE&src=ctag&ref_src=twsrc%5Etfw”>$SPONGE twitter.com/hashtag/SpongeV2?src=hash&ref_src=twsrc%5Etfw”>#SpongeV2 twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto twitter.com/hashtag/Web3?src=hash&ref_src=twsrc%5Etfw”>#web3 twitter.com/hashtag/Alts?src=hash&ref_src=twsrc%5Etfw”>#alternatives twitter.com/hashtag/Binance?src=hash&ref_src=twsrc%5Etfw”>#Binance twitter.com/hashtag/OKX?src=hash&ref_src=twsrc%5Etfw”>#OKX twitter.com/hashtag/Bullish?src=hash&ref_src=twsrc%5Etfw”>#Bullish twitter.com/hashtag/100x?src=hash&ref_src=twsrc%5Etfw”>#100x pic.twitter.com/hkRjRfuqGq
— $SPONGE (@spongeoneth) twitter.com/spongeoneth/status/1773666462088966498?ref_src=twsrc%5Etfw”>March 29, 2024
The project facilitates staking of over 9 billion tokens directly through its website. It takes advantage of innovative staking reward rates, offering 171% for ethereum and 390% for the Polygon network. Sponge V2's “stake-to-bridge” mechanism encourages inclusion, ensuring equal participation of new and existing investors. Encourages community participation and growth by providing a clear path for everyone to benefit from the project's growth. Interested participants can easily acquire $SPONGE tokens by linking MetaMask or Trust Wallet to the official website or exchanging eth, MATIC or USDT.
Sponge V2 goes beyond its meme currency status, combining high-reward gambling with play-to-win gameplay. This attracts early investors looking for profitability and profits in the game. Plans to list on major exchanges could see its value rise, potentially reaching $0.0040 this year, driven by factors such as the bitcoin halving. With a focus on betting, gaming and investing, Sponge V2 positions itself for future success with its innovative approach and community focus.
Visit the Sponge V2 pre-sale
4. bitcoin SV (BSV)
bitcoin SV originated from a fork of the bitcoin Cash (BCH) blockchain in 2018, with the goal of restoring the original vision of bitcoin outlined by Satoshi Nakamoto. It seeks scalability and stability, aligning with bitcoin's initial purpose as a peer-to-peer electronic cash system. It also supports advanced blockchain applications.
BSV distinguishes itself by closely adhering to the original bitcoin protocol and offering unlimited on-chain scalability, accommodating market demands without relying on second-layer solutions. Its gigabyte-level block capacity and potential for up to 1,000,000 transactions per second position it as a formidable competitor in payment processing. It challenges traditional platforms like VISA, offering high performance at a fraction of the cost.
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BSV Blockchain is pleased to announce that ARC v1 is now officially ready for production.
Learn more here: https://t.co/SwQvIqvMde
– BSV Blockchain (@BSVBlockchain) twitter.com/BSVBlockchain/status/1773363342033272851?ref_src=twsrc%5Etfw”>March 28, 2024
According to the latest analysis, the price of BSV stands at $98.33, which is an increase of 5.20% in the last 24 hours. With a market dominance of 0.07%, BSV has seen a notable price increase of 177% in the last year. Trading 137.61% above the 200-day SMA, BSV is showing moderate volatility with a 30-day volatility of 14%. Furthermore, 60% of the last 30 trading days were positive, indicating favorable market sentiment. With high liquidity and a volume-to-market cap ratio of 0.0941, bitcoin SV presents an attractive investment opportunity for investors.
5. Core (CORE)
Core is an L1 blockchain supported by the ethereum Virtual Machine (EVM), which facilitates ethereum smart contracts and decentralized applications (dApps). Powered by the “Satoshi Plus” consensus mechanism, it combines bitcoin mining hash and Delegated Proof-of-Stake (DPoS) for network security, governed by its native token, CORE. This approach ensures that the network can handle many transactions while maintaining decentralization, a crucial aspect of blockchain technology.
One of the standout features of Core is its alignment with bitcoin values and principles. It effectively integrates with the broader bitcoin ecosystem by relying on bitcoin miners for security and decentralization through DPoW. This alignment allows Core to provide additional rewards to bitcoin miners with minimal additional costs, reinforcing bitcoin's core functionality while expanding its utility. Additionally, Core Chain's governance model, facilitated through a decentralized autonomous organization (DAO), ensures that decisions are made collectively by the community, promoting inclusivity and transparency.
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1/ coreBTC is active on Core Chain, meaning users can trustlessly connect their btc to a secure DeFi experience with bitcoin on Core Chain. pic.twitter.com/6KFWdbQzbR
— DAO Core (@Coredao_Org) twitter.com/Coredao_Org/status/1773396319329227193?ref_src=twsrc%5Etfw”>March 28, 2024
In the last 24 hours, CORE shot up 9.12%, trading at $1.174292, with a market dominance of 0.04%. While the price declined by -31% last year, it is trading 67.01% above the 200-day SMA. The 14-day RSI at 55.23 indicates neutrality, with 53% green days in the last 30 days. Volatility stands at 19%, reflecting stability despite fluctuations. Core demonstrates a balanced, relatively low-risk investment opportunity in the dynamic cryptocurrency market.
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