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Top 5 Gainers of BNB Chain Today

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Binance Beacon Chain Becomes Open-Source
  • On the BNB chain, the top-ranking coin is RAMP.
  • The top 5 coins in the BNB Chain are RAMP, FWT,YFII, EPS, and CEEK.

BNB stated that they increased the gas fees to increase the network capacity and to provide a seamless dApp experience. The top gainers from the past 24 hours are Ramp, Freeway Token, and DFI. Money, Ellipsis, and CEEK VR.

RAMP (RAMP)

The Defi protocol, which is decentralized, aims to increase Defi adoption by enabling non-Ethereum (ETH) users to stake tokens on ETH marketplaces. The current price of RAMP is $0.1167, and it is currently having market cap of $55,415,600 in CMC with a volume of $36655.68 and a fall in the price of 25.31 percent.

RAMP Price Chart (Source: CMC) 

FREEWAY Token (FWT)

The native utility tokens for AuBit Freeway are called “Freeway Tokens” (FWT). And it has a market cap of $80,795,189 in CMC trading at $0.008072. The volume is $14712.22, an increase of 7.34 percent from the previous 24 hours.

1658759583 963 Top 5 Gainers Of Bnb Chain Today
FWT Price chart (source: CMC)

DFI.Money(YFll)

A native governance token for the DFI, the YFII is currently trading at $1,674.39 with a volume of $260.72M, down 5.06 percent, and market cap worth $64,703,113 on CMC. 

1658759583 437 Top 5 Gainers Of Bnb Chain Today
YFII Price chart (source: CMC)

Ellipsis (EPS)

Users can transfer coins on the Binance Smart Chain using Ellipsis, which is down 0.02 percent from the previous 24 hours and is currently trading at $0.1855 with a volume of $1.90M and the market cap is $134,198,447 in CMC.

1658759584 430 Top 5 Gainers Of Bnb Chain Today
EPS Price chart (source: CMC)

CEEK VR (CEEK)

The price of CEEK VR, a cryptocurrency that runs on the Ethereum network with market cap $204,559,074 in CMC. At the time of writing, the price is $0.2552 with a volume of $32.09M and is at a high of 216.92 percent.

1658759584 110 Top 5 Gainers Of Bnb Chain Today
CEEK Price chart (source: CMC)

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Ethereum Price Slides As Staked Token Reaches New ATH Ahead Of Hyped Merge

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Ethereum Price Slides As Staked Token Reaches New Ath Ahead Of Hyped Merge

Despite changes in the asset’s price, Ethereum is steadily adding to the ETH 2.0 staking contract.

According to the development team, this occurs about a month before the Merge is scheduled to occur.

Ethereum Staked Token Hit New ATH

According to Dune Analytics data, more over 13.2 million ETH have been deposited to the staking contract, however there are only about 80,000 unique depositors.

ETH Staked on ETH 2.0 Contract. Source: Delphi Digital

The graph above shows how ETH’s amount locked in the staking contract has gradually increased and reached a new all-time high in terms of ether.

A far cry from the peak reached last year, when ETH was close to $5,000, the USD value had soared to just shy of $24 billion.

The remarkable results come as the Ethereum development team continues to provide updates on the progress of the switch from PoW to PoS.

The most anticipated event in the bitcoin sector this year is referred to as the Merge.

Among other advantages, it should make Ethereum less energy-intensive and increase the network’s durability.

Numerous well-known crypto insiders predict that it will significantly affect the price of ETH. According to recent claims made by Arthur Hayes, it might increase the asset’s USD valuation in a manner comparable to BTC’s halving.

On the other hand, Mark Cuban cautioned that the Merge might initially be a “sell-the-news” event but thinks it’s a good move overall.

Price Have Began To Slide

According to the weekly shift in the Ether-Bitcoin cross rate, Christophe Barraud, chief economist, strategist, and top forecaster at Bloomberg, Ethereum is poised to lose ground against Bitcoin for the first time in seven weeks.

Ethereum

ETH/USD trades at $1,800. Source: TradingView

After the Consumer Price Index (CPI) or inflation data report came in better than expected, Ethereum has outperformed Bitcoin in recovery despite the decline relative to BTC as both remain highly correlated with the S&P 500 stocks, according to a report published on August 17 by the on-chain social metrics platform Santiment.

Featured image from Pixabay, Chart from TradingView.com, Delphi Digital

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Tether Announces Hiring of Fifth Largest Accounting Firm For Audits

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Tether Tokens Usdt Will Be Available On Tezos