Top Crypto Gains Today May 4: Bitcoin Gold, The Graph, Bitcoin SV

bitcoin rose about 7% to $62,937 on Friday, boosted by a smaller-than-expected increase in U.S. employment. This generated optimism about interest rate cuts and increased the attractiveness of speculative assets such as cryptocurrencies. The rise offset earlier losses suffered during fears about tightening Federal Reserve policy and declining demand for bitcoin-wild-price-swings-point-205623920.html”>bitcoin ETF.

However, despite this price increase, traders are still acting cautiously due to bitcoin's decline from its March peak. This reaction implies deeper concerns about global macroeconomic risks, which the Federal Reserve or traditional investors may not fully recognize.

Today's Biggest Cryptocurrency Gainers: Top List

After the increase in the price of bitcoin yesterday, the captain coin maintains its upward trajectory today. At $63,163, bitcoin is up 6.15% over the past 24 hours, boosting its market capitalization to an impressive $1.24 trillion. This bullish momentum also extends to other tokens in the crypto market. bitcoin Gold, The Graph, Nervos Network and bitcoin SV Emerge as main winners today, showing the widespread momentum driving digital assets forward. Let's delve into these currencies and discover their lucrative investment opportunities.

1. bitcoin Gold (BTG)

bitcoin Gold is an easy-to-use alternative to bitcoin, which aims to combine the security of bitcoin with opportunities for innovation. Unlike bitcoin, BTG avoids direct competition and focuses on expanding possibilities for DeFi and DApp developers. BTG's unique approach lies in its compatibility with the bitcoin blockchain while using different resources. This presents a coin with similar implementation capabilities to bitcoin but with a broader scope for experimentation and development.

It is distinguished by a novel approach to blockchain development and applications. As a hard fork of bitcoin, BTG seeks to address bitcoin's scalability issues by introducing the Equihash PoW algorithm, which favors GPU mining. This innovative solution improves the accessibility and decentralization of mining, aligning with BTG's commitment to open source governance. Furthermore, its early adoption by institutional and corporate investors underscores its potential as an alternative investment option in the cryptocurrency market.

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A few days after the bitcoin halving, but with less fanfare, the BTG halving reached block 840,000.

The block reward is now 3,125 BTG.

Wait, you say… the 2020 bitcoin halving didn't happen *after* the 2020 BTG halving? Why not now? Don't they both appear every 210,000 blocks? (1/2)

– bitcoin Gold (BTG) (@bitcoingold) twitter.com/bitcoingold/status/1783646139968831619?ref_src=twsrc%5Etfw”>April 25, 2024

BTG is priced at $37.52, showing a notable increase of 27.92% in the last 24 hours. With a market dominance of 0.03%, it has seen a substantial 170% price increase over the past year. It is trading 55.87% above the 200-day SMA at $24.16, thus maintaining a strong position. While the 14-day RSI indicates neutrality at 57.26, 11 of the last 30 trading days have been positive. With a 30-day volatility of 17%, BTG offers moderate price fluctuations. However, its low liquidity, with a volume-to-market cap ratio of 0.0085, poses a challenge for high-volume trading despite its market cap of $659.57 million.

2. The graph (GRT)

Graph is an indexing protocol that powers applications in the DeFi and Web3 ecosystems. It allows the creation of open APIs called subgraphs, allowing you to query data accessible using GraphQL for ethereum and IPFS networks. With over 3,000 subgraphs deployed by developers for various DApps like Uniswap and Synthetix, their goal is to democratize access to decentralized public infrastructure.

In recent news, The Graph introduces the Sunrise update program, allowing users to freely access information from any source. The program offers opportunities for community members to earn GRT tokens and supports the decentralized data phase of the network. Activities range from content creation to technical contributions, encouraging community participation and ecosystem growth.

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democratize data. Revolutionize the web3. Earn GRT

The Graph Foundation just launched the 4 million GRT Sunrise Upgrade program, enabling anyone on the internet to revolutionize the way the world accesses data.

Join and complete a variety of fun missions on and off the chain… pic.twitter.com/J7QP6zTLAu

– The graph (@graphprotocol) twitter.com/graphprotocol/status/1786052794958414310?ref_src=twsrc%5Etfw”>May 2, 2024

In light of these developments, GRT's performance metrics show promising signs. With a current price of $0.279304 and an increase of 10.08% in the last 24 hours, GRT continues its upward trajectory. It is trading 137.80% above the 200-day SMA at $0.117455, reflecting investor confidence. Even with a neutral 14-day RSI of 42.34, it has recorded 14 days of green candles in the last 30 days, indicating market stability. Furthermore, GRT is highly liquid, with a volume-to-market capitalization ratio of 0.0658, ensuring ample trading opportunities.

3. Sealana (SEAL)

Zeeland features a digital seal character immersed in cryptocurrency trading on the Solana network. This comical character resonates with modern crypto investors and embodies their motivations and subcultures. The pre-sale has raised more than $180,000 in just a few days, reflecting strong initial investor interest.

Sealana's pre-sale model simplifies investing by allowing users to send SOL to a designated wallet address. With each SOL contribution, investors receive 6,900 SEAL tokens. This simplified approach has fueled initial pre-sale momentum, quickly attracting significant investments. However, Sealana's lack of a predetermined hard cap introduces uncertainty over its future token supply. While the fixed conversion rate ensures scarcity, the open nature of the pre-sale means that the final supply of tokens depends solely on investor demand.

Additionally, integrating Sealana with Solana unlocks several strategic advantages. You gain a competitive advantage by taking advantage of Solana's high-speed performance, minimal transaction fees, and thriving ecosystem. Also, Zeeland, as an SPL token, utilizes the scalability and vibrant developer community of Solana. This differentiates it from meme coins that deal with congestion on Layer 1 networks like ethereum.

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4. Red Nervos (CKB)

Nervos Network is an open source public blockchain ecosystem with a unique dual-layer architecture. Its base layer, Common Knowledge Base, handles consensus mechanisms and intelligent asset storage. The computing layer complements this, processing transactions in real time and reflecting the network's dedication to innovation. It also facilitates programming tasks, improving accessibility within the Nervos ecosystem.

Securing the Nervos Network is a PoW-based Nakamoto consensus mechanism that ensures the integrity of decentralized applications (dApps) and digital assets. The network doesn't stop there; It also undergoes regular third-party audits by CertiK. Additionally, it engages with the community through hackathons and offers cash prizes to identify and address potential security vulnerabilities. This helps foster collaboration and continuous improvement.

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CKB has been booming this year as innovators find ways to use CKB like bitcoin Layer 2!

Check out the first installment of “The Ultimate Guide to bitcoin Layer 2,” which examines twitter.com/Liquid_BTC?ref_src=twsrc%5Etfw”>@Liquid_BTC twitter.com/rootstock_io?ref_src=twsrc%5Etfw”>@rootstock_io , twitter.com/Stacks?ref_src=twsrc%5Etfw”>@Batteries and RGB (twitter.com/lnp_bp?ref_src=twsrc%5Etfw”>@lnp_bp)!https://t.co/op4IKmiFGX pic.twitter.com/MJM2oZQOVr

— Nervos Foundation (@RunningCKB) twitter.com/RunningCKB/status/1784987001868976460?ref_src=twsrc%5Etfw”>April 29, 2024

CKB has shown significant growth, with the current price at $0.018848 and an impressive 18.76% increase in the last 24 hours. Over the past year, the price has increased by 415%, indicating strong investor interest in the project. Trading well above the 200-day SMA at $0.007369 by 156.18%, Nervos Network demonstrates the potential for further growth. Although the 14-day RSI is at a neutral level of 48.15, 40% of the last 30 trading days have shown positive trends. With high liquidity and a volume-to-market cap ratio of 0.2923, Nervous Network offers abundant trading opportunities for investors.

5. bitcoin SV (BSV)

bitcoin SV emerged in 2018 after a hard fork of the bitcoin Cash (BCH) blockchain. Its goal was to fulfill the original vision outlined by Satoshi Nakamoto. It strives to offer scalability and stability, closely adhering to the bitcoin protocol and enabling advanced blockchain applications.

BSV differentiates itself by maintaining its loyalty to the original bitcoin protocol. It emphasizes scalability for efficient electronic cash payments and distributed data applications. With an unlimited block size, bitcoin SV claims to surpass traditional payment processing capabilities at lower costs. This winner appeals to both consumers and business users. Additionally, the network is protected by the proof-of-work consensus mechanism, ensuring the integrity and immutability of transactions.

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Immerse yourself in the world of the BSV Blockchain alert system with this informative video! Watch the video now and learn more about the BSV alert system here: https://t.co/n1jkHFazal twitter.com/hashtag/BSV?src=hash&ref_src=twsrc%5Etfw”>#BSV twitter.com/hashtag/Blockchain?src=hash&ref_src=twsrc%5Etfw”>#blockchain twitter.com/hashtag/AlertSystem?src=hash&ref_src=twsrc%5Etfw”>#AlertSystem twitter.com/hashtag/BSVAssociation?src=hash&ref_src=twsrc%5Etfw”>#BSVAAssociation

– BSV Blockchain (@BSVBlockchain) twitter.com/BSVBlockchain/status/1786288075091456008?ref_src=twsrc%5Etfw”>May 3, 2024

Analyzing the performance metrics, BSV has seen a notable rise of 10.92% in the last 24 hours, reflecting positive market sentiment. It has a neutral 14-day RSI at 39.21, indicating possible sideways movement. However, the coin has shown a 98% price increase over the past year. Trading above the 200-day SMA at $41.50 and with low volatility of 18%, BSV demonstrates stability. With its high liquidity, bitcoin SV offers a solid trading environment for investors. The volume-to-market cap ratio of 0.0681 further enhances its attractiveness and provides opportunities for those seeking long-term growth.

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