Top Crypto Gainers Today May 17 – Chainlink, Sui Crypto, Conflux, Fantom

On Wednesday, the crypto market’s capitalization surged 5.5% after U.S. inflation and retail gross sales knowledge had been launched. Bitcoin’s (BTC) worth jumped 7.5% to $66,190, outperforming Ethereum (ETH), which gained 5% however struggled to interrupt the $3,000 resistance stage. The rally was pushed by a 3.4% year-over-year rise within the client worth index, aligning with expectations and steady retail gross sales knowledge.

Analysts consider Ethereum’s struggles relate to the SEC’s pending choice on VanEck’s spot Ethereum ETF utility. Merchants are hesitant to take a position closely till the end result on Might 23. This skepticism is mirrored in Ether derivatives markets, with a 9% futures premium. The demand for balanced choices signifies uncertainty about Ethereum’s worth path.

Greatest Crypto Gainers At this time – High Checklist

At this time’s market dynamics mirror a mix of enthusiasm and warning. With a complete buying and selling quantity surpassing $345.70 billion within the final 24 hours, sentiments stay notably bullish. That is indicated by the crypto Worry & Greed Index registering a studying of 74, firmly within the “Greed” territory. 

Nonetheless, this optimism is tempered by the truth that whereas 27% of cryptocurrencies have seen positive aspects, a big 73% have skilled losses. Chainlink leads because the day’s champion, boasting a outstanding 13.02% achieve, whereas Stacks struggles with a difficult -11.67% loss. At this time, we’ll dig into the fascinating prime gainers available in the market, reminiscent of Chainlink, Sui Crypto, Conflux, and Fantom.

1. Chainlink (LINK)

Chainlink permits sensible contracts to entry off-chain knowledge securely. A decentralized oracle community connects blockchains with exterior knowledge feeds, occasions, and cost strategies. Chainlink’s group consists of knowledge suppliers, node operators, and builders. It integrates off-chain knowledge, attracting companions like Courageous New Coin, Alpha Vantage, and Huobi. Customers can run nodes and earn income by supporting DeFi purposes like Synthetix, Aave, and Compound.

There have been some spectacular developments within the Chainlink ecosystem. It has accomplished a pilot with JPMorgan, Templeton, and BNY Mellon. The Good NAV pilot examined fund knowledge dissemination on blockchains. This helps future exploration of tokenization in finance. The pilot confirmed that structured on-chain knowledge might allow varied use instances, reminiscent of tokenized funds and brokerage portfolios. Additionally, it might streamline operational processes throughout the trade.

At this time, DTCC introduced its Good NAV trade pilot with Chainlink and 10 main market members.https://t.co/Fcc6cQ7YVP

— Chainlink (@chainlink) May 16, 2024

LINK has been making vital strides with its present worth at $15.60, marking a outstanding 12.43% surge in simply the previous 24 hours. Over the previous 12 months, its worth has elevated by 130%, buying and selling 2.64% above its 200-day SMA of $15.15. LINK’s 30-day volatility is comparatively low at 5%, and the 14-day RSI of 39.22 exhibits it’s at present impartial. The previous 30 days have seen 17 inexperienced days, or 57%, hinting at rising investor confidence. It enjoys excessive liquidity, mirrored in its volume-to-market cap ratio of 0.1596. This mix of progress and stability makes LINK a noteworthy participant within the crypto market.

2. Sui Crypto (SUI)

Sui Crypto is a layer-1 blockchain platform designed for world adoption. It gives a safe, highly effective, and scalable growth platform. Sui makes use of an object-centric knowledge mannequin and the Transfer programming language to enhance present blockchain architectures. It prioritizes consumer expertise by means of improvements like zkLogin, sponsored transactions, and programmable transaction blocks.

Its structure helps low-latency transactions with steady charges, excessive throughput, and parallelized execution. Builders can leverage highly effective instruments to create the subsequent era of Web3 purposes. Sui’s object-oriented design lets builders create customized object varieties, guaranteeing community compatibility and composability. This design permits parallel execution and permits some transactions to bypass consensus, finishing in underneath half a second.

SUI’s present worth is $1.020879, with a 4.22% enhance within the final 24 hours. Regardless of a 15% worth lower over the previous 12 months, it’s buying and selling 74.98% above its 200-day SMA of $0.583722. Additionally, the 14-day RSI is 48.87, indicating a impartial market sentiment.

Digital id verification chief @NetkiCorp is coming to Sui – serving to to make decentralized monetary techniques safer and extra accessible globally.https://t.co/IB8cfGZ07j pic.twitter.com/aAAHqEuiWU

— Sui (@SuiNetwork) May 16, 2024

It has had 12 constructive buying and selling days within the final 30, with 30-day volatility at 11%. The excessive liquidity is evidenced by a 0.2262 volume-to-market cap ratio, with a market cap of $2.39 billion and a 24-hour quantity of $540.55 million. SUI’s technical strengths and steady progress make it a promising funding for each short-term and long-term buyers.

3. Mega Cube (DICE)

Mega Cube Token has quickly gained consideration inside the gaming trade, notably elevating over $1 million in its presale. The challenge gives a singular gaming expertise, attracting over 50,000 gamers globally. By integrating cryptocurrency into well-liked on line casino video games like blackjack and slots, it has reshaped the gaming trade. This modern method has positioned Mega Cube as one of many prime Bitcoin playing platforms. 

The presale has surpassed expectations, nearing a $5 million smooth cap and aiming for a $10 million exhausting cap. As pleasure mounts, the worth per DICE token is predicted to rise, incentivizing early buyers. Social media channels have witnessed a surge in engagement, indicating rising curiosity in Mega Cube’s imaginative and prescient of a user-owned on-line on line casino expertise. 

$DICE presale has raised $1 MILLION! 🚀🚀

This #MillionDollarMilestone brings us nearer to revolutionizing GameFi. What’s coming subsequent?👇

Subsequent tier worth: 0.075 💰

Subsequent presale goal: $2M 💰

We’re implementing a number of tiered worth will increase, so make sure that to safe your $DICE… pic.twitter.com/MDfn5lVhju

— Mega Cube On line casino (@megadice) May 15, 2024

Furthermore, Mega Cube plans a big $2.25 million airdrop marketing campaign. This aligns the pursuits of gamers and DICE holders whereas solidifying its place within the GameFi sector. The challenge’s strong tokenomics, rising group, and integration with the web on line casino expertise place DICE as a possible “unicorn” crypto within the digital gaming realm. The highlight stays fixated on Mega Cube’s presale because it defies expectations and charts a powerful course in decentralized gaming.

Go to Mega Cube Presale

4. Conflux (CFX)

Conflux is a public layer-1 blockchain for dApps, e-commerce, and Internet 3.0 infrastructure. It goals to be extra scalable, decentralized, and safe than present protocols, enabling fast, environment friendly asset transfers with low transaction prices.

The platform makes use of the Tree-Graph consensus mechanism, combining PoW and PoS algorithms. It helps Solidity sensible contracts and is suitable with the Ethereum Digital Machine (EVM). The native token, CFX, is used for transaction charges, community governance, and miner compensation.

Conflux’s distinctive technical structure solves trade points. The Tree-Graph algorithm processes 300-6000 transactions per second (TPS) with out sacrificing decentralization. It additionally gives decrease charges than Ethereum and includes a Charge Sponsorship Mechanism for customers with damaging balances. The built-in staking system gives passive rewards and helps dApp growth.

Welcome to Conflux, @DesigLabs! We’re excited to have your Omnichain Good Multisig Pockets stay on our community. https://t.co/w3VRbdHN4a

— Conflux Community Official (@Conflux_Network) May 16, 2024

CFX’s worth motion gives insightful knowledge for buyers. Its present worth is $0.216772, with a 2.68% enhance within the final 24 hours. Nonetheless, the worth has decreased by 28% over the previous 12 months. It’s buying and selling 30.95% above its 200-day SMA of $0.165953, indicating a powerful efficiency pattern with an RSI of 53.41, exhibiting neutrality. 

Within the final 30 days, 12 days had been constructive, with a 30-day volatility of seven%, reflecting average stability. Conflux has a excessive liquidity ratio of 0.2111, with a market cap of $877.57M and a 24-hour quantity of $185.26M. 

5. Fantom (FTM)

Fantom is a directed acyclic graph (DAG) sensible contract platform providing decentralized finance (DeFi) companies utilizing its bespoke consensus algorithm. Launched in 2019, Fantom goals to unravel points associated to transaction velocity, scalability, and safety. 

Its consensus mechanism, Lachesis, delivers lightning-fast and safe transaction processing. The platform seamlessly helps DApps and digital property, integrating effortlessly with Ethereum-compatible techniques. Moreover, its token, FTM, powers transactions, community charges, staking, and governance inside the ecosystem.

Fantom lately launched the Opera Improve Dashboard, enhancing community scalability. Validators on Opera have upgraded their nodes to make use of Sonic tech. This consists of the brand new Fantom Digital Machine (FVM) and an upgraded storage system. These enhancements goal to make Fantom one of many highest-performing monolithic blockchains. 

🖥️ Introducing: Opera Improve Dashboard!

Beginning at this time, validators on Opera are upgrading their nodes to be powered by our modern Sonic tech.

Comply with the real-time progress of the improve utilizing our new dashboard 👇https://t.co/GAobwXWRHJ pic.twitter.com/oYFRu4vhu6

— Fantom Basis (@FantomFDN) May 14, 2024

At this time, FTM is valued at $0.803870, marking a sturdy 6.08% surge up to now 24 hours alone. Wanting again over the 12 months, the worth has skyrocketed by a powerful 110%. Buying and selling at 93.62% above its 200-day SMA of $0.420010, Fantom finds itself in a impartial place with a 14-day RSI of 61.03. Over the previous month, it has loved 14 inexperienced days whereas sustaining a low 4% volatility fee. Fantom’s excessive liquidity, with a 0.5019 volume-to-market cap ratio, demonstrates favorable market situations for the challenge.

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